Insurer
ABI blasts 'fake news' report on falling whiplash claims
The Association of British Insurers has branded a Capital Economics report into the falling rate of soft tissue injury claims as “fake news”.
PRA to review Solvency II reporting requirements
The Prudential Regulation Authority is to conduct a review of Solvency II reporting requirements, in an attempt to ease insurers' reporting burdens.
Quiz of the week - 17 March
Test your knowledge of this week's news.
This week in Post: Renewing your motor policy? That’s Numberwang
Renewing your motor insurance policy as a consumer feels like an instalment of Numberwang, with numbers seemingly plucked out of thin air.
Guernsey and China sign regulation MoU
Guernsey has signed a memorandum of understanding with the China Insurance Regulatory Commission, signalling an increased level of cooperation between the regulatory bodies of both markets.
Blog: Time and money for charity
On 26 January 2017, the Insurance Industry Charitable Foundation hosted its first event of the year, a conference on ‘leading across generations', which helped raise an estimated £20,000 for future grants to UK charities.
Global insurance M&A fell 13% in 2016, says Clyde & Co.
Last year the number of completed mergers and acquisitions of general / life insurers and reinsurers across the world fell 13% from 2015 according to global law firm Clyde & Co.
Insurance Council of Australia appoints Suncorp's Day as president
Following the sudden departure of QBE's former group COO Colin Fagen earlier this year, the Insurance Council of Australia has named his replacement as president.
Blockchain-based insurtech company could settle claims in seconds
Blockchain based insurtech company Iclaims has come up with an app-based solution that could settle single item claims in seconds.
RSA appoints Gearey as CRS MD
RSA has appointed James Gearey has managing director for Commercial Risk Solutions.
Brexit could drive mergers and acquisitions in 2017
Brexit could result in a wash of distressed insurance businesses, driving a rise in mergers and acquisitions, a report has warned.
Greenlight Reinsurance Ireland appoints ex-Liberty chief as CEO
Property and casualty reinsurer Greenlight has appointed ex-Liberty boss Patrick O’Brien as CEO of the company.
Ogden change could raise reinsurance rates by 400%
Higher layer reinsurance rates could increase by up to 400% as a result of the change to the Ogden discount rate, experts say.
XL Catlin granted Monaco licence
XL Catlin has received regulatory approval to write business in Monaco.
Ecclesiastical UK underwriting profit tops £25m
Ecclesiastical has reported underwriting profits £25m from its UK and Ireland business in 2016, up from £11.6m in the prior year.
Axa's Brendan McCafferty on the consequences of the discount rate
There must be a better time to start your role as the CEO of an insurance company. A few weeks into the job, I arrived at work on a Monday morning knowing a decision had just been made that would simultaneously hike premiums for millions of motorists and…
Riding into the danger zone
The nature of their work means journalists and aid workers are often running into danger zones while others are looking to get out. Both professions have significant need for insurance but have sometimes struggled to obtain the cover they need at a price…
Suncorp buys a further 11.3 million shares in New Zealand's Tower
Brisbane-headquartered financial services group Suncorp has increased its stake in New Zealand general insurer Tower.
Tesla could enter insurance market with in-house policies
Tesla is planning to enter the insurance market with its own policies if industry products don’t reflect the needs of drivers.
Insurers ‘missed chance’ to influence insurance rules over drones
Insurers are sleepwalking into legislation over drones that they have had no role in shaping, it has been warned.
CII hires former Zurich policy chief
Matthew Connell has been appointed as director of policy and engagement at the Chartered Insurance Institute.
Startup Bootcamp Insurtech partners with Zurich
Zurich has entered into a partnership with Startup Bootcamp and will be engaging with its portfolio of start-ups.
'White Van Man' hit with 14% van insurance hike
The rising cost of van insurance is adding to the financial pressure on the "White Van Man", according to Consumer Intelligence.
Pool Re: The changing face of terrorism
The number of terrorist incidents on UK soil has dropped since Pool Re was set up, with Irish republican paramilitary attacks giving way to less frequent strikes by radical Islamic terrorists, however, the threat to the country remains as severe