Insurer
RAC unveils telematics policy for young drivers
The RAC has launched a new telematics product aimed at younger drivers who are looking to reduce the cost of their insurance premiums.
Post magazine - 15 October 2015
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You Gov research highlights lack of smartphone insurance
Despite the UK having the highest levels of smartphone ownership in the world, only around one fifth of users have insurance for their device, according to new research from You Gov and Assurant Solutions.
Chairman of Australian regulator linked with FCA top job
The chairman of the Australian regulator Greg Medcraft has reportedly been approached by the Financial Conduct Authority with a view to taking over as CEO of the UK watchdog.
Ageas and Virgin Money launch partnership
Ageas UK and Virgin Money have launched their home and motor strategic partnership that was announced in 2014.
Timmins leaves Das as COO role made redundant
Das chief operating officer Paul Timmins is to leave the company due to his role being made redundant, a spokesman has confirmed.
Insurance fraudsters operating cross-sector, research finds
Fraud data from other sectors can help insurers identify and tackle policy application and claims fraud, reducing the financial impact of insurance fraud on the industry and genuine customers, according to a new report from Cifas and Hill Dickinson,…
Capita bid of £412m recommended by Xchanging board
The board of Xchanging has recommended that shareholders accept a £412m bid for the company that has been lodged by Capita.
Legal Update: Time is money
Under the new Enterprise Bill, insurers could be hit hard if they don’t pay claims in time
Editor's comment: An opportunity to build trust
A lack of relationship with customers in the insurance market is often blamed on annual touch points, insurance being a grudge purchase and policyholders looking for the cheapest price they can get.
MP launches new Bill for psychiatric harm fairness
A new Private Members' Bill published this week calls for greater fairness for bereaved people and victims of psychiatric harm.
Serious injury guide potential precursor for future claimant and defendant engagement
The Association of Personal Injury Lawyers is hopeful partnering with insurers on its serious injury guide will pave the way for future positive collaboration between the historically opposing claimant and defendant sides of the industry.
RSA launches fleet app for SMEs
RSA has launched a smartphone app for SMEs with fleets of up to 15 vehicles aimed at helping them reduce their operating costs and to promote safer driving.
Cycle of hurt to continue for motor insurers despite raised rates
The cyclical nature of the UK motor market is set to continue, despite the industry recently witnessing the biggest spike in premiums for the past five years, insurers have been warned.
Aviva questions guidelines calling for 5% uptick in whiplash damages
Aviva has expressed disappointment at the Judicial College’s decision to advise in its 2015 guidance that the damages for lower value whiplash claims should rise by at least 5%.
Adaption and innovation key themes from Ferma 2015
Insurers and brokers must be more agile to keep up with the emerging risks facing their clients, such as the sharing economy, according to commentators at the Federation of European Risk Management Associations Forum 2015.
Insurers dispute criticism of pre-med offers as driver of whiplash claims
Insurers have dismissed accusations that pre-medical offers are the main driver of erroneous whiplash claims and have instead criticised low quality medical reports while pointing the finger of blame at the claims management sector.
Consumer confusion mooted as potential outcome of add-ons ban
The incoming ban on the sale of opt-out add-on insurance policies could spark consumer confusion and ultimately lead to a smaller scale “PPI-style scandal”, according to industry observers.
NCI strikes pet insurance partnership with Aviva amid growth plans
Aviva has entered into an agreement with NCI Group to underwrite its pet insurance policies.
Richard Mangion joins HDI Gerling in UK role
Industrial insurance company HDI Gerling has appointed Richard Mangion as UK director of finance and operations.
QBE names Roger Ball motor director
Business insurer QBE has appointed Roger Ball as director of motor, effective 1 January 2016.
Legal update: Beware the IPT trap
The November IPT hike might push businesses toward underinsurance, fears Helen Devery
Cycling: Pedal power
Cycling among the UK population is more popular than ever. How can the insurance industry tap into the potential need for theft and accident cover?