Insurer
Blog: Recall insurance must address car hacking
Vehicles are increasingly connected and far more software-reliant than they used to be. Unfortunately, most insurers offering product recall solutions are unprepared for this new reality.
CMCs could be hit as crackdown continues on nuisance calls
Direct marketing firms will have to display phone numbers from May under new regulation, with the aim to cut down unsolicited nuisance calls from groups including claims management companies.
Insurers ‘most at risk from credit shocks’
Insurers could lose up to 17% of their own funds if there was a credit shock, according to results of a wide-ranging stress test of the market.
Union 'strongly oppose' proposed changes to RSA redundancy pay
Union bosses have hit out against proposed changes to redundancy terms for long-term staff at RSA.
R&Q to dispose of more businesses in 2016, focuses on cost-management
Randall and Quilter will look to dispose of more businesses this year as part of a simplification of the firm’s business model.
Virtual reality offering on trial for telematics-backed claims
Telematics firm Scope Technologies will offer a 4D recreation of accidents using telematics data, a move it says would cut claims times.
Admiral boss Engelhardt and ex-Saga De Haan brothers top rich list for insurers
The Sunday Times' Rich List has placed departing Admiral CEO Henry Engelhardt at 164 in its annual rankings, equal to BGL founder Douw Steyn but behind the De Haan brothers, Sir Roger and Peter.
Euler Hermes to cancel trade credit cover for Tata Steel firms in UK
Allianz-owned Euler Hermes will end its trade credit insurance cover for all Tata’s UK steel firms this week, Post understands.
Legal: What fixed fees won't fix
While whiplash reform has grabbed all the headlines of late, potential changes to the recoverability of legal costs in personal injury claims could be just as significant for the industry
R&Q jumps to profit following strong legacy acquisitions contribution
Randall & Quilter reported a rise in pre-tax profit to £2.8m in 2015, from a loss of £1.6m the previous year.
Ex-Rugby player appointed head of ProSports
An ex-Rugby player has been appointed head of a professional sports insurer.
Covent Bridge in talks to make trio of acquisitions
Investigation firm Covent Bridge Group is in discussions to make three acquisitions as it looks to expand its UK and European footprint.
Drones and Vnuk in the news; David Marock interviewed
Important news and exclusive content from Insurance Post over the past week
Blog: Customer service lessons from Desmond & Eva
Trying to connect storms Desmond, Eva & Frank to a Slovenian tractor accident and to motor damage claims between two UK insurers beginning with the letter ‘A' sounds more or less impossible.
Quiz of the week – 22 April
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Covéa Insurance names Carol Geldard as personal lines director
Covéa Insurance has appointed Carol Geldard, pictured, to the newly-created role of personal lines director, effective from 1 June.
Research: State of the Young Insurer Nation Part 3: Relationships
In the third section of the research, Michèle Bacchus asks 52 young insurer employees about the relationships the insurance industry has with the government and the general public.
Hiscox Group adds Prudential’s Aki Hussain as group CFO
Chief financial officer of Prudential’s UK and Europe division, Hamayou Akbar (Aki) Hussain, will join Hiscox as its group CFO in the second half of 2016.
RSA looks to cut redundancy payouts amid restructuring
Long-term staff at RSA have been informed they could lose up to 50% of their redundancy pay under proposed changes to contracts.
Liquidators receive 5,000 claims against Independent Insurance
More than 5,000 claims have been made on the estate of collapsed Independent Insurance, administrators said.
Italian insurance sees stable outlook for 2016
Ratings agency Fitch Ratings has forecast a stable 2016 for non-life insurers in the Italian market.
Digital start-ups: Ready to launch
With a new start-up being founded every minute in the UK, the insurance industry has to meet the needs of this new breed of client.
Uninsurance, 'panic' key reasons why young drivers ‘hit and run’
While rates of uninsurance have halved since 2005, the Motor Insurers’ Bureau has raised concerns the level of ‘hit and run’ incidents has not fallen by a similar scale.
UK aircraft collision calls for greater regulation of drones
Experts have called for greater regulation of drones to minimise the risks to aviation, following a drone collision with a British Airways flight.