Insurer
Broker claims unearned work transfer payments are endemic in commercial
Brokers are continuing to take secret payments from insurers and not declaring them to clients, according to a specialist commercial intermediary.
Editor's comment: Impacting the market
Market-turning they may not be but market-impacting they evidently are. Revised loss estimates for the 1500 industrial units hit by the Thai floods have reached $20bn.
Equalisation reserve changes to impact insurers
Legislative changes to claims equalisation reserves will disadvantage insurers, a PwC analyst has warned.
Motor insurers set to share application data in suspected frauds
Motor insurers want to share data from suspected application fraud, as criminals try multiple submissions to get cars on the Motor Insurance Database as cheaply as possible.
Hastings targets young drivers with telematics policy
Hastings Direct is set to launch a telematics-based motor policy for young drivers.
News analysis: Escalating loss estimates in Thailand begin to trigger market fallout
It was the worst flooding Thailand had seen for 50 years and, during its four-month spell, more than 600 people died and 77 provinces were submerged in water.
Review of the year - Lloyd's & London Market: The costliest year ever?
The first half of 2011 saw an unprecedented number of catastrophic events, so how has Lloyd’s and the London market coped?
Market moves: ‘Tis the season for recruiting
As Christmas draws closer, the insurance industry has prepared for the New Year with a raft of appointments. In the broking market, there were moves for Aon and Willis, while Howden added three new faces to its team.
Claims club: Claims teams must gear up to provide Solvency II documentation and evidence
Claims handlers are not exempt from the Solvency II requirements, according to Lloyd’s boss Luke Savage. The finance, risk management and operations director warned attendees that claims teams would have to ensure their documentation, technical provision…
View from the top: Christmas wishes
Insurance intellectual capital must be mobilised to better defend client interests in 2012, says Lockton International CEO Julian James.
Your say: Urgent lessons must be learnt from the government’s critical riot report
The government’s interim report on the summer riots makes uncomfortable reading for the insurance industry.
Review of the year - Health insurance: Seeds of change
Despite a tough 12 months, and gloom forecast for 2012, the health insurance sector has planted important seeds for future growth this year.
Post magazine – 8 December 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Investing in people will create value for insurers, says Marsh
Insurers can create value for their firm in the economic downturn by investing in talented personnel, according to Marsh UK’s CEO Martin South.
Mitsui stops funding police plant theft unit
Mitsui Sumitomo is said to have stopped funding the Plant Theft & Agricultural National Intelligent Unit.
Stolen Vehicle Unit to remain open
The Stolen Vehicle Unit has been granted a reprieve, and will remain open, a Metropolitan Police boss has confirmed.
Anderson named IRM chairman
Richard Anderson has been elected chairman of the Institute of Risk Management.
Crash fraudster jailed after being filmed 'working out'
A devious fraudster who attempted to claim £2.3m from the Motor Insurers’ Bureau after misleading medical professionals following a crash that claimed two lives has been jailed.
Willis Re report shows rise in motor premuims and fall in claims
UK motor insurance premiums have continued to rise in 2011, with some drivers facing price increases of up to 50 percent, according to an annual review conducted by Willis Re.
Ace predicts a ‘challenging’ 2012
2012 will be one of the most challenging years the insurance industry has faced, according to Ace president Richard Pryce.
Eiopa president calls for 'paradigm shift' in consumer protection
Eiopa president Gabriel Bernardino called for a “paradigm shift” to restore confidence in Europe’s financial services sector at the regulator’s first consumer strategy day.
Galbraith brands financial crisis terminology a "challenge" to the sector
British Insurance Brokers’ Association chief executive Eric Galbraith has today told parliament that the language used by the government and regulator about the financial crisis is a challenge facing the sector.
Motor insurers set to share application data in suspected frauds – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how motor insurers plan to share suspected application fraud data as criminals try multiple applications to get cars on the Motor Insurance Database as cheaply as…