Insurer
ABI defends position on diverted profits tax after Insurer Nation criticism
The Association of British insurers has defended its actions on diverted profits tax after coming in from criticism from insurers.
The State of the Insurer Nation: Week One: Regulation
In the first report of a five-part series covering Post’s latest State of the Nation survey, Mairi MacDonald reports on how regulation of the insurance industry is viewed by insurance CEOs and managing directors and how they think it could work better…
Household Insurance: In household insurance we trust?
What are the top issues that customers face with household insurance? Post has asked a panel of consumer champions what they think the main problems are – and then asked insurers what they are doing about it. This is part of our Trust Insurance campaign,…
Zurich looking at new look loss adjusting panel following review
Regulation and consolidation driving insurers’ decision-making process
Chubb posts $601m income for Q3
US insurer Chubb Corporation, which is currently in the process of being acquired by Ace, has posted healthy third quarter net income of $601m (£388m) compared to $594m in the third quarter of 2014 as it benefitted from another relatively benign…
Admiral dismisses data-selling claims as ABS's report £6.2m profit
Admiral has rebuffed claims its in-house legal divisions were set-up to circumvent the 2013 referral fee ban as its two alternative business structures reported joint pre-tax profits of £6.2m in 2014.
Lloyd's pledges co-operation with China Taiping Insurance Group
Lloyd's has signed a Memorandum of Understanding with the China Taiping Insurance Group, marking a significant level of co-operation between the two.
Northern European countries ahead of southern counterparts on SII readiness
Insurers in northern Europe are better prepared for Solvency II than those in the southern part of the continent, according to data specialist Silverfinch.
Oak to launch nine-strong in-house claims team
RSA subsidiary Oak Underwriting is to launch an in-house high net worth claims team on 25 October.
Ace reports record $897m operating income for Q3
Ace has posted a record after-tax operating income of $897m (£581m) for the quarter ending 30 September 2015.
Blog: Advanced analytics - music to insurers' ears
Fraud is costing European insurance companies billions of pounds every year. But by using big data and advanced analytics, the industry can make fraudsters face the music.
Applied Net 2015: Ex-US secretary of state Albright raises cyber concerns
Former US secretary of state Madeleine Albright described cyber risk as an inevitable consequence of global technological development amid at a period of “chronic uncertainty” around the world.
Loyalty Schemes: Building loyalty
Rewarding valued customers could lead to increased satisfaction and boost retention rates.
Penny Black's Insurance Week - 22 October 2015
Penny was reminded of her youth when the member of a recent panel on captives discussing longevity confided that computers didn’t exist when he started working.
Aegon follows L&G out of ABI
Aegon plans to follow the precedent set by Legal & General when it leaves the Association of British Insurers at the end of the year.
Inga Beale tops list of most influential LGBT executives
Lloyd's CEO Inga Beale has topped a list of the leading lesbian, gay, bisexual and transgender executives in the country.
Telematics evidence leads to conviction
The growing acceptance of telematics within the legal system has been further demonstrated after evidence provided by a device resulted in a suspended prison sentence for a motorist.
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.