Insurer
Youi's growth stalls in first half
Australian challenger insurer Youi saw a 30% rise in profits but premium growth stalled in the first half of the year.
Prudential has ‘barely scratched the surface’ in Asia: Wells
Asian insurance markets continue to offer significant opportunity for international financial services group Prudential, the company’s CEO has said.
30 claims handler jobs at risk at Direct Line
Direct Line Group has placed 30 claims handler jobs under review.
Asia drives growth as Prudential operating profit soars
Prudential, the international financial services group, has reported record group operating profit of £4.26bn in 2016 thanks to double digit-growth in Asia.
ABI's James Dalton on sorting out the discount rate mess
I am living the discount rate at the moment. I have lost count of the number of meetings I have attended, legal opinions I have read and conversations with insurance company CEOs I have had on this complex issue.
CII teams up with UAE Insurance Authority
The Chartered Insurance Institute has entered into a partnership with the United Arab Emirates Insurance Authority in a move to boost professionalism in the UAE insurance sector.
Chubb partners with low-cost airline to broaden European travel cover
Chubb has expanded its travel cover offering by signing an agreement with low-cost airline, Wizz Air.
Blog: Insurers could regret whiplash reforms
In the end, the whiplash reform moved remarkably quickly. After 12 months of deliberating, we only had six weeks of consultation, followed by seven weeks of considering what to do. The tangible result was the compiling of seven hurriedly drafted clauses…
China: The new silk road
China’s One Belt, One Road initiative is one of the most ambitious infrastructure projects the world has ever seen.
AIA's Tucker to join HSBC
Mark Tucker, group CEO and president of Hong Kong-headquartered AIA, is leaving the Asia life insurer to join international banking group HSBC.
Digital Insurance Collective: AI poses threat to insurance jobs
The financial services industry is at risk of experiencing a job shortage due to the rise of artificial intelligence and related technology.
This week in Post: bags of losses
This week has been a tumultous one for me and the insurance market alike.
US and Australian storms hit insurers with more than $1bn bill for February
An early start to the severe weather season has resulted in a $1bn (£820m) insurance toll in Australia and the United states, according to an Aon catastrophe report.
Esure unveils plan to ride out reinsurance rate rises
CEO also says business will 'shrink' home portfolio
Lack of data access holding back fight against fraud
Changes to Irish claims laws are cutting down on fraud and the rising levels of awards but the lack of insurer access to driver data is holding the industry back, a top judge has said.
UK regulators must actively support market on Brexit: Aubert
The UK's regulators need to actively promote London as a key insurance market, the chairman of the London Market Group has said.
Esure profits up 18% despite taking a battering in home market
Esure has seen profits rise by 18% despite losses in its home segment from weather claims.
Blog: Demonstrating value for money
I was intrigued to read the introductory comments made in the Financial Conduct Authority publication in late January about the results of its pilot study into general insurance value measures for a subset of general insurance products.
Blog: Vnuk opens fraud front
The Vnuk ruling has raised the prospect of a much wider compulsory insurance regime being introduced in the UK, requiring vehicles such as golf buggies, quad bikes and farm vehicles to be insured, even when used exclusively on private land. The…
Fitch issues gloomy warning for company market in wake of Ogden rate changes
Fitch has issued a gloomy warning for the UK non-life company market this year in the wake of the Ogden rate cut.
AIG CEO Peter Hancock steps down over eroding shareholder support
AIG CEO Peter Hancock, has resigned, citing a lack of “wholehearted shareholder support”.
Aviva to focus on cost-cutting in wake of restructure
Aviva will look to make cuts in areas of the business that overlap following the recent restructure.
Government must 'fight fire with fire' over Brexit business
The UK government needs to "fight fire with fire" when it comes to keeping business within the City of London during Brexit negotiations.
Autofocus trial continues as defendants give evidence
The trial against former Autofocus employees for contempt of court continued today at the Royal Courts of Justice.