Insurer
FCA chief Tracey McDermott tells insurers there is more to do repair reputation
Tracey McDermott, the acting CEO of the Financial Conduct Authority, has told the Association of British Insurers' biennial conference that the industry still has much to do to improve its image in the eyes of consumers.
Trust in Insurance: Blog: The admin fee rip-off
The regulator needs to get involved to enforce a blanket ban on unfair extras.
C-Suite - Insurer: It’s a small world after all
SMEs are key to economy growth in the UK – and with globalisation a reality, they face numerous risks.
Penny Black's Social World - 5 November 2015
All the latest online news
Penny Black's Insurance Week - 5 November 2015
Last week, Penny was inundated with all manner of last-ditch rugby fun before the World Cup was finally hoisted above the heads of New Zealand.
Insurers urged to step up pace of innovation with low-cost experiments
Tech giants Amazon and Google have warned insurers must increase their digital innovation with low-cost experimentation and that senior executives must recognise the need for dedicated digital investment to achieve this.
Industry united in call for FCA to be appointed CMC regulator
Insurers have rallied to support the Association of British Insurers' call for the Financial Conduct Authority to oversee the regulation of claims management companies.
Career File: Amanda Blanc - Blanc to lead Axa Ireland
Axa UK will bring all of its insurance business under one leader with Amanda Blanc, CEO, Axa Commercial Lines and Personal Intermediary, taking responsibility for Axa Ireland from 1 January 2016.
Generali joins three-year earthquake risk project
Generali has teamed up with the Abdus Salam International Centre for Theoretical Physics to carry out a three-year project to study and analyse earthquake hazards and seismic risk mitigation.
Online SME insurer champions advice over price
New online insurer Quote Dave is promising to offer SME's insurance based on the "right advice" rather than the cheapest quote.
ABI relocating to America Square after 25 years at 'expensive' HQ
The Association of British Insurers has confirmed plans to move from its "expensive" Gresham Street headquarters to 1 America Square in a bid to lower costs for members.
Company bosses urged to see business benefits of insurance
Business leaders have been urged by risk management association Airmic and the Institute of Directors to stop seeing insurance as a ‘grudge purchase’ and start using it to enable them to take risks as they grow their business.
DLG reports 4.1% growth in motor
Direct Line Group has seen an increase in gross written premium and motor for the first nine months of 2015, according to an interim management statement released today (3 November).
Nexassure teams up with Hannover Re for Asia MGA
Nexassure has launched an extended warranty managing general agent using Hannover Re paper from Malaysia.
Diversity on the agenda as industry welcomes succession planning scrutiny
Clearer guidance on succession planning for boards is needed across the insurance industry, with analysts and industry players agreeing the Financial Reporting Council’s discussion paper on the issue is a timely step.
Claims service and innovation key for HNW firms in over-crowded market
High-net-worth insurers must prioritise claims service levels and product innovation if they are to maintain a foothold in an increasingly over-populated market, according to broking and claims experts.
Fraudster put on IFR after stolen iPad claim
RSA has placed a former policyholder on the Insurance Fraud Register after they submitted a fraudulent claim for an iPad Air that was discovered to have been stolen from a Birmingham special needs school.
Deal finalised as Integro acquired by private equity investor
A deal to acquire international insurance brokerage and risk management firm Integro by an Odyssey Investment Partners affiliate was completed today (November 2).
Esure appoints RSA's Hughes to claims role
Esure has appointed former RSA commercial claims director Graham Hughes as its head of claims.
Changes on board for Tokio Marine Kiln group
Tokio Marine Kiln will merge the board leadership at two of their businesses with changes to come into effect from 1 January next year.
ABI calls for FCA to regulate claims management sector
The Association of British Insurers has called for the Financial Conduct Authority to be appointed as the regulatory body responsible for claims management companies as "the current system is failing to provide enough of a deterrent to rogue firms".
Customers most likely to pick and choose on insurance
Insurance products have topped the list when it comes to consumers shopping around; beating mortgages, phone contracts and energy suppliers according to an ABI survey.
London heads to Dubai for inaugural Islamic Insurance conference
The Islamic Insurance Association of London (IIAL) will hold its first conference with the Islamic insurance and risk community in Dubai next Sunday (8 November) to see how the sector can move to the next level.
Almost a quarter of CMCs warned or lost accreditation in 2014
The Association of British Insurers has calculated that 23% of claims management companies either lost their accreditation or were formally warned about unscrupulous practices last year, according to the incoming president of the Forum of Insurance…