Insurer
XL Catlin's Andrew Underwood on political risk insurance: don’t ignore your own backyard
When you think about political risk, the chances are you recall what you saw on the news last night, writes XL Catlin's Andrew Underwood, regional product leader UK & Ireland for Political Risk Credit and Bond. Scenes of conflict, civil unrest, physical…
Blog: Retaining and empowering staff with technology
Where news is dominated by the concept of data enrichment and there is talk of a ‘technical revolution’ we find ourselves in the middle of a steadfast digital age.
Week in Post: Brexit, redundancies and consolidation
This week we saw the ‘Great Repeal Bill’ being introduced to Parliament, a key waystone on the long and arduous journey to leaving the European Union.
Co-op Insurance weighing up FCA sandbox application to boost digital presence
Co-op insurance is considering submitting an application to the FCA’s Sandbox and is aiming to make the business even more digital.
Bupa data breach could have led to £440m fine under GDPR rules
Bupa’s breach of 108,000 records could have cost the company £440m under data protection rules to be introduced next year.
Bupa forced to apologise to 108,000 customers after data breach
Health insurer Bupa has been forced to inform 108,000 of its customers of a data breach after an employee “inappropriately copied and removed” sensitive information.
Blog: Telematics should be a given
Telematics insurance has become much easier and cost-effective for brokers and insurers to offer, says Selim Cavanagh, vice-president, Insurance, at Lexis Nexis Risk Solutions UK & Ireland, arguing it should now be a given.
ABI calls for cross-party collaboration on Brexit
The Association of British Insurers has called on the government to establish a framework for cross-party cooperation over Brexit.
33% of insurance customers 'will request for their data to be deleted'
One in three insurance customers will exercise their right to be forgotten under the General Data Protection Regulation.
Fashion firm faces £40m FCA bill for mis-selling GI products
A fashion company may be facing a bill of £40m from the Financial Conduct Authority after mis-selling GI products.
Beazley gets green light for Dublin subsidiary
Specialist insurer Beazley has received the go ahead to convert its Dublin-based reinsurance company into an insurance company.
FSCS paid out £375m over 2016/17
The Financial Services Compensation Scheme’s compensation costs totalled £375m in 2016/17 in response to almost 37,000 claims.
Unite slams Aviva over potential plans to cut 120 jobs
A union has hit out at “simply unacceptable” plans by Aviva to close its Southend office, putting 120 jobs at risk.
Interview: Grenfell Tower insurer reveals UK expansion plans
It is estimated that the Grenfell Tower fire could result in claims of up to £50m. However, the carrier responsible for insuring the building said that its expansion plans for the UK remain undimmed.
More Westminster terror victims bring claims against Zurich
Exclusive: More victims injured in the Westminster terror attack have brought compensation claims against Zurich.
120 jobs at risk as Aviva plans to close Southend office
Aviva has placed 120 jobs up for review as it prepares to close its Southend office.
Renewable energy surge results in new team for Cunningham Lindsey
Cunningham Lindsey has launched a team in response to greater demand for offshore renewable wind energy in the Netherlands.
Usage-based motor start-up By Miles gains FCA authorisation
Usage-based motor start-up By Miles has received Financial Conduct Authority authorisation.
Elton John and Axa invest in AI platform
Sir Elton John has invested in a cultural Artificial Intelligence platform alongside Axa Strategic Ventures, in a $6.5m (£5.05m) closing round.
Rural Insurance managing director Ian Barclay resigns
Rural Insurance managing director Ian Barclay has resigned.
Ageas's Bart De Smet on why insurers don't need start-ups to innovate
The hype around insurtech start-ups should not overshadow the in-house innovations coming from incumbent insurance companies, writes Ageas’s CEO Bart De Smet, defending the ‘internal incubator’ model.
Digital payment company to speed up claims payment
Digital claims payment company Optal is in talks with major UK insurers.
Insurer optimism remains flat despite increased hiring and investment
Business volumes, profits and hiring in the general insurance sector remained strong in Q2 2017 despite optimism remaining flat, a survey has revealed.
Registration opens for Dive In 2017
Registration opened today for Dive In, the festival for diversity and inclusion in insurance, which will take place in late September and focus on the ‘Diversity Dividend’.