Insurer
Aviva signs five-year partnership with Homeserve
Aviva has signed a five-year deal to underwrite home assistance products for Homeserve's two million UK customers.
Aviva UK & Ireland Q3 COR improves to 92.8%
Aviva UK & Ireland has reported an improved combined operating ratio for the first nine months of 2015 - 92.8% from 94.2% in the same period last year.
Shareholder Icahn calls for AIG split
Activist shareholder Carl Icahn has claimed AIG is "too big to succeed" and needs to be broken up.
Post magazine - 29 October 2015
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RAC to launch mass-market telematics product in Q1 2016
RAC is to unveil a mass-market telematics product that includes a vehicle diagnostics feature in the first quarter of 2016.
Shipowners’ Club records improved COR at half year stage
Marine mutual insurer The Shipowners’ Club has delivered an improved half year combined ratio of 87% to August this year (2014: 95.5%), with a small underwriting surplus of $12.9m (£8.4m) on the 2015 policy year (2014: $4.6m).
Axa awarded £10k in costs after successful 'crash for cash' case
An attempted claim for personal injury damages following a staged accident has seen £10,000 and an eight month sentence awarded against a claimant.
Flood Re hires Bartholomeusz as CRO
Flood Re has appointed Michael Bartholomeusz as its chief risk officer responsible for the scheme's risk management framework.
The State of the Insurer Nation: Week Two: Politics and Europe
In the second of a five-part series covering the results of Post’s latest State of the Nation survey, Mairi MacDonald reports how politics, government policy and the UK’s position in the European Union is viewed by insurance CEOs and managing directors…
Excluded properties remain contentious as Lords debate Flood Re regulations
Concerns around timing and excluded properties were raised by members of the House of Lords in debating the regulations to govern Flood Re yesterday (27 October).
Survey shows insurance firms increasing cloud penetration
Insurance companies are increasingly harnessing the power of the cloud according to Post's research.
Interview: Heather Wheeler: Picking up the baton
Heather Wheeler MP has taken over as chair of the All Party Parliamentary Group for Insurance and Financial Services. She talks to Post about her leadership style and what issues are on the agenda
Editor's comment: Great Scott!
Last week was Back to the Future day – 21 October 2015 – the date film character Marty McFly travels to in the second instalment of the sci-fi trilogy.
IPT increase could encourage driving without cover, AA warns
The AA has warned that higher motor rates may lead to younger drivers taking to the road without cover or with false details.
FRC paper published on improving board succession
The Financial Reporting Council today (27 October) published a discussion paper on succession planning for UK boards in a bid to improve the process.
Emergence of 'disruptors' keeping established motor players on their toes
The launch of a broking start-up that provides motor insurance by the hour has been hailed as an example of a “disruptor” that will force established players to refocus on their customer proposition.
Rival propositions expected as mass-market telematics app goes live
Telematics providers and insurers are backing a mass-market motor offering fronted by black box company Carrot amid suggestions other companies - including mobile phone networks - could follow suit.
Pinnacle secures first panel nomination with Giant Risk Solutions
Pinnacle Loss Adjusters has secured its first panel nomination after gaining property adjusting work from Giant Risk Solutions in the UK and Northern Ireland.
What you’ve been reading this week
The 10 most read stories on Post Online from 21 – 27 October 2015.
Fraudster handed suspended jail sentence following ERS private prosecution
An insurance fraudster has been given a suspended prison sentence and ordered to pay the costs of legal fees after a private prosecution launched by ERS.
Product liability comes to fore as motor manufacturers take on autonomous vehicle liability
Motor manufacturers accepting liability for autonomous vehicle crashes does not signal the demise of motor insurance, according to industry experts, who have suggested developments will instead lead to product liability playing a more prominent role.
FCA communications inquiry billed as opportunity for insurers
Insurers have been urged to change functions of the market that are “not working” by “grasping the opportunity” presented by the Financial Conduct Authority's consultation on improving communications with customers.
Heca teams up with Partner Re for Italian growth
Italian insurance agent Heca has agreed a new partnership with Partner Re Wholesale, the specialist SME-focused division of global reinsurer Partner Re.
C-Suite: Success in international markets demands strong cultural awareness
When considering international expansion, one thing is often overlooked, and yet it should be the number one priority for CEOs: the need to recognise and respond to local cultures and ways of doing business.