Insurer
Post magazine – 27 November 2014
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Blog: Giving consumers a ‘nudge’
John Marsden, fraud and identity expert at Equifax, examines how ‘nudge’ theory can be applied to the insurance industry to tackle point of quote and claims fraud
Insurers to remain reliant on Pool Re in face of large potential losses
Insurers are likely to continue to participate in Pool Re despite the proposed levy increase, according to a briefing from AM Best.
ABI dismisses CHO claim to MPs that Ifed acts as ‘private police force’
CHO concerned crimes that impact on society are not being tackled
Motor firms warned rates need to go up 10% to restore sector’s profitability
Underwriters face net combined ratios of 112.% in 2015
Pool Re satisfied with terror deal despite ceding increased premium to Treasury
Members vote in favour of deal that will see 50% of premium go to government
North of the Border: Counting the cost of H&S
Since October 2012, the Health and Safety Executive has sought to recover the cost of investigating an alleged breach of health and safety law from the organisation in question, rather than draining the public purse. It charges £124 per hour.
Penny Black’s Insurance Week - 27 November
Towergate executive chairman Alastair Lyons told Penny this week that he was geared up for a half-marathon rather than a 100-metre sprint when asked how long the broker’s newly unveiled sale discussions would take.
Housing associations: Providing a helping hand
With less than 40% of social housing tenants taking out home contents insurance, what can the insurance industry do to help those with low incomes protect their belongings?
C-Suite - Insurer: The features of fracking
The rise of fracking in the UK means significant opportunities for the environmental insurance market
Trade voice: Still no laws over late payments
The Commercial Court recently handed down another judgment in the long-running matter of Starlight Shipping Company v Allianz Marine and Aviation Versicherungs AG & Ors [2014].
Credit hire: A missed opportunity
The Competition and Markets Authority report on the private motor market was met with criticism over its lack of action on credit hire practices. So what action can the industry take?
Fraud most prevalent among under 21s, according to VFM
Claims statistics produced by VFM Services over the past three years has shown that fraudsters are most likely to be aged under 21.
Interview: Grahame Chilton: ‘My main hobby is the thrill of the deal’
Industry stalwart Grahame Chilton returned to the sector last December, launching a reinsurance broking partnership with Arthur J Gallagher. He tells Post what keeps him coming back for more
Career development: Catlin CEO leads 2015 candidates for insurance hall of fame
Stephen Catlin is among the nominees to be introduced to the International Insurance Society’s insurance hall of fame for 2015.
Market Moves - 27 November 2014
All the latest job moves in the insurance market.
Expertise in Action Video: Ian McManus & Steve White on training, succession planning and channel differentiation
Given the competitive insurance landscape it is important brokers do not only invest in their employees to maintain a skilled upwardly mobile workforce, but also articulate their value to customers.
Assurant Solutions launches connected home division
Assurant Solutions has launched a division to offer protection for people living in connected homes.
Aviva shares drop after Friends Life announcement
Aviva saw its share price decline more than 5% in a single day after it announced it was in acquisition talks with Friends Life.
Counter-Terrorism Bill to go to parliament tomorrow
Home secretary Theresa May cited UN estimates that ransom payments raised up to £28m for militant group the Islamic State of Iraq and the Levant in the past 12 months as she yesterday announced intentions to ban ransom insurance payments.
C-Suite: Are you afraid of the cloud?
The rush to the cloud has thrown into stark contrast a difficult situation for insurers writes James Maudslay.
Mixed results for Japan's general insurers in first half
For the period April to September, two of Japan's three major general insurers booked record profits but another saw profits fall 47.1%.
Chinese insurer buys Sydney's Sheraton on the Park
Sunshine Insurance has splashed out A$463m (£254m) on the iconic Sydney hotel.
SSL Loss Adjusting enters administration
Northampton-based SSL Loss Adjusting has entered administration, Post understands.