Insurer
Digital Collective Blog: Getting the CFO on board
Most corporate data is ultimately used to feed financial systems and drive C-level decisions, so having the chief financial officer as an ally or even as a sponsor for your insurance core system transformation seems like an obvious choice. Adam Lamkin,…
This week in Post: Snap decisions, Can-can and costs
In a snap decision just after Christmas I agreed it would be fun to attend a Moulin Rouge secret cinema perfomance, with little thought to the effort this would involve or the costume I'm currently having to source.
Allianz makes strategic investment in Lemonade
Allianz has made a strategic investment in US insurtech start-up Lemonade.
R&Q identifying MGAs for disposal
R&Q chairman and CEO Ken Randall has said the group is looking to simplify its business model as it identifies non-key assets for disposal.
Blog: Know your customer... and your opposition
‘In the midst of chaos, there is also opportunity', wrote the great military strategist Sun Tzu a mere 25 centuries ago. His observation still holds true in these strange times of disruption. And seizing the opportunity is vitally important to modern…
Report: Insurance Census 2017- the face of insurance
Insurance, like many financial services sectors, has a reputation for being pale, stale and male.
Whiplash reform shelved in light of general election
The government's proposed whiplash reform has been kicked into the long grass as a result of the general election.
Driverless cars law stalled by general election
The government’s driverless cars bill will have to be reintroduced from scratch in the next parliament after the general election.
Hiscox CUO sells £1.2m shares
Richard Watson, the chief underwriting officer at Hiscox, has sold a total of £1.2m of shares in the company.
R&Q triples pre-tax profits in 2016
Bermudan insurance investor R&Q tripled pre-tax profits in 2016 to £8.5m from £2.8m in the previous year.
AIG to take $100m hit from Ogden change
AIG expects to record a $100m (£77.9m) hit to its Q1 2017 pre-tax profits as a result of the cut to the Ogden discount rate.
Vienna Insurance Group doubles profits in 2016
Austrian Insurer Vienna Insurance Group has reported profits before tax of €407m (£340.7m) for 2016.
Trade voice: CILA'S Malcolm Hyde on business ethics
Business ethics has become increasingly important in recent years for many reasons, including increased stakeholder scrutiny. This is not surprising in the light of financial institutions’ scandals, the MPs’ expenses scandal and perhaps the influence of…
ABI and IFB label Vnuk as a 'hospital pass ruling'
The Association of British Insurers and the Insurance Fraud Bureau have labelled the Vnuk ruling a ‘hospital pass ruling’ and criticised it for being unworkable in the UK.
One in three insurance firms to set up operations outside UK following Brexit
One in three insurance firms intend to set up operations outside the UK following Brexit.
Northern Irish insurance salaries rise despite Brexit fears
Four out of 10 insurance workers in Northern Ireland received a pay increase in 2016, with on average increases of 3.7%.
Ian Penny to take over as chief information officer at Hiscox following Wharton's departure
Ian Penny has been appointed as chief information officer for Hiscox, taking over from Gareth Wharton who is joining a newly formed cyber initiative at the company.
General election 'could delay whiplash reform for years'
Theresa May’s decision to hold a snap general election could delay the Ministry of Justice’s proposed whiplash reforms for years, campaign group Access to Justice has claimed.
Identity fraud: Trading faces
With almost 173,000 reported cases last year, identity fraud is an ever-increasing problem. Insurers are taking a proactive approach to fight this pernicious problem
FCA increases budget to tackle Brexit costs
The Financial Conduct Authority has increased its operating budget as a result of Brexit demands.
Deafness claims 'could become the new whiplash'
The volume of noise-induced hearing loss claims has increased threefold since 2013, figures show.
FCA to launch probe into use of Big Data in retail pricing
The Financial Conduct Authority will carry out a review this year on how Big Data affects pricing in retail insurance.
Chubb's Jeremy Miles on the battle between algorithms and service
Last month, The Economist magazine featured a provocative article on disruption of the insurance sector that examined how businesses are using technology to re-engineer the underwriting model.