Insurer
Ogden discount rate set at minus 0.75%
Liz Truss, Lord Chancellor and Secretary of State for Justice, has decided to implement the Ogden discount rate at minus 0.75%, a change from plus 2.5%.
Flood Re: One year on – how effective and successful is the scheme?
Post looks at Flood Re as it approaches its anniversary
AIA's Tucker sees 7% China penetration in 2030
Mark Tucker, CEO of Hong Kong-headquartered life insurer AIA, sees great potential for his company and others in China.
QBE appoints McMillan as COO
Sydney-headquartered QBE has appointed former CEO of Aviva Europe and chairman of global health insurance David McMillan as group chief operations officer.
QBE announces A$1bn share buyback after 2016 profit increase
Australian global giant QBE has seen its share price climb after posting its 2016 group performance today.
Travelers to pay legal costs for PIP Breast Implant claimants
Travelers Insurance Company has to pay legal costs for a number PIP Breast Implant claimants, the High Court has ruled.
Claims Club: Insurtech start-ups should partner with insurers
Insurtech start-ups should look to partner with major insurers rather than go it alone, start-up leaders have said.
This week: Personal injury, fundamental flaws and results
Personal injury took on a new meaning for me this week when I discovered a bruised ankle picked up during a recent paragliding adventure was actually a bad break.
Insurers see 300% surge in claims as a result of Storm Doris
Insurers expect to see as many storm claims in the next two days as they’ve seen for the whole of the year so far.
Allianz sponsors Asian Champions League
Global general insurer Allianz has signed a four year sponsorship agreement with the Asian Football Confederation for three major cup competitions.
Blog: Insuring automated vehicles will require data sharing
Private and commercial vehicles with advanced automated functions are going to gradually enter the UK market over the next few years. In addition to changes to the regulations governing vehicle type-approval, a number of amendments need to be made to the…
Blog: Usage-based insurance, an untapped opportunity
The growing usage-based insurance market is an opportunity for insurers, but there are some barriers yet to overcome.
RSA says more than 900 jobs culled last year, as it looks to further efficiencies
RSA made more than 900 redundancies last year and plans to make an additional £50m in cost savings.
Telematics data helps to disprove fraudulent car hire claim
Information gathered from blackbox telematics has been used successfully to reveal a dishonest customer claim involving a hire vehicle.
PI firms will have 'no other choice but to close' following whiplash reform
More jobs could be lost as a result of the government's whiplash reforms than were lost in the South Wales steel industry last year, Access to Justice told Post.
Expected discount rate cut shaves £10m profit from ERS
The expected discount rate reduction has shaved off £10m of profit from motor insurer ERS.
Solvency II risk margin is ‘fundamentally flawed’: PRA
Solvency II is broadly fine but there are some bugs that need to be ironed out, the CEO of the Prudential Regulation Authority has said.
Axa CEO: Discount rate cut could wipe out benefit from whiplash reform
The reduction of the discount rate may wipe out any reduction in premiums that consumers might see from whiplash reforms, the CEO of Axa has warned.
Axa sees profits rise by 12% in 2016
Axa has seen underlying profit rise by 12% to £263m in the UK and Ireland business.
Government to raise small claims track limit for whiplash to £5000
The Ministry of Justice has confirmed there are to be fixed tariffs capping whiplash compensation payouts.
RSA's profit climbs 25% in 2016 as annual cost savings hit £290m
RSA's UK operating profits increased 76% in 2016 to £259m - the best result in a decade.
Aviation Claims: Winging it
Despite a number of air accidents over the past few years, safety when flying has improved dramatically. However, overcapacity and a lack of profitability could be affecting the market