Insurer
Increased innovation and outsourcing key to driving down household claims expenses
Household insurers have been advised to outsource more claims and increase innovation or run the risk of following the path of the unprofitable motor market.
Absence of specialist underwriters sees Lloyd's cyber risk appetite shrink
Absence of a specialist underwriter and failing to recognise cyber exposure in pricing and capital models have been cited as reasons for Lloyd's potentially limiting the amount of cyber insurance it writes, as UK government data estimates 2.5 million…
British Money exits PPI, moves to motor
Payment protection insurance seller British Money has announced it is leaving the scandal-hit sector and moving into the motor insurance market.
Industry urges for home-grown FCA appointment
Industry commentators have been left perplexed by reports that Financial Conduct Authority head hunters have approached Australian regulator Greg Medcraft about the top job, and have urged the regulator to choose a CEO who will take the time to get to…
Liberty Specialty Markets exits UK motor sector
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, is to exit the UK motor market following a strategic review.
BP Marsh doubles profit
Venture capital firm BP Marsh & Partners has doubled its profit before tax for the six months to 31 July 2015 to £3.4m.
Applied Net 2015: Comparing Google
Ellen Carney of Forrester Research has predicted that there will be a 25% reduction in the number of insurance agencies in the US by 2020.
C-Suite - Insurer: Smile, you’re on camera
Consumers are turning to dashcams to fight insurance scams, and insurers should be taking steps too.
Bupa unveils self-referral cancer service
Bupa UK has launched a new self-referral service for breast and bowel cancer sufferers.
LV Broker's Rourke to lead personal lines underwriting
LV Broker has appointed Tim Rourke as its personal lines underwriting head, effective from 1 November.
Powell to lead terrorism division at Acappella Syndicate 2014
Acappella Syndicate 2014 has appointed Jonathan Powell as divisional head of its new war, terrorism and political violence division.
Aviva calls in Ifed after customer data theft
Aviva has called in the Insurance Fraud Enforcement Department after a rogue employee sold details of customers who had been involved in road accidents to claims companies.
Top 100 UK insurers: Top 20 focus
We focus on the insurers that made the top 20 in the 2015 listing.
Ford teams up with Marmalade for young driver insurance
Ford and Marmalade have joined forces to offer young drivers cheaper insurance on new Fiesta or Ka vehicles.
CMCs: A time and a place
Earlier in the year I used this blog to vent my frustrations at being targeted by a claims company about a phantom road accident that I had apparently been involved in.
CEO Shane Doyle to leave Dual
Talbir Bains has been appointed interim CEO at Dual following the news that Shane Doyle is to leave the company and begin a new independent venture.
Profit drought returns for UK motor insurers, Towers Watson finds
The underwriting profits seen for motor insurers in 2013 evaporated over the course of 2014, according to Towers Watson's UK Motor Insurance Industry report.
Quiz of the week - 16 October 2015
Take this week's Post quiz and find out if you're an industry whizz, or could do better. Don't forget to share your score using #postquiz
Blog: Social media's impact on product recall - The ultimate canary in the coal mine?
The Financial Times recently reported that General Motors was using tiny recalls to head off protracted safety campaigns that have battered the automotive industry's reputation. So far, so unrevealing. The automotive sector habitually uses 'soft' recalls…
LMA non-marine boss Powell takes on deputy chair role at Thatcham
Lloyd’s Market Association’s manager of non-marine David Powell has been elected to the new role of deputy chair of Thatcham Research.
Zurich to axe almost 10% of staff in Germany
Zurich is to cut 500 jobs from its workforce in Germany over the next two years, the firm has confirmed.
Home insurer profitability 'in the balance' as expenses outstrip claims costs
The amount paid in expenses last year outstripped the cost of claims for home insurers for the first time on record.
Teleperformance to create 800 new jobs in NI
Teleperformance, the company that took over the Liberty Insurance contact centre in Enniskillen, is to create 800 new jobs in the town.
Insurance fraud offences recorded by NFIB rise 13%
Insurance fraud offences recorded by the National Fraud Intelligence Bureau increased 13% in the 12 months to June 2015 to 9417 cases.