Insurer
Fraudsters steer away from motor as casualty fraud almost triples in five years
Organised casualty fraud claims saw a significant spike from 2010 to 2014 as the government tightened up on whiplash and motor fraud, according to a new report.
Markerstudy restructures retail division after departure of Russell Bence
Markerstudy’s retail division will undergo a restructuring following the resignation of managing director Russell Bence.
Axa grows in Africa through tie up with Lloyd’s specialty Chaucer
A new venture between Axa and specialty insurer Chaucer will cover political risk, energy and infrastructure.
Advent targets $100m in growth delegated authority market
Advent Solutions Management has announced plans to target growth and plans to be processing $200m (£139.3m) in premiums within five years following significant investment by Abbey International Finance.
Aegis London finance director resigns
Finance director of Aegis London, James Halley, is leaving the company.
Motor: Manufacturers and insurers – joining up the data
With a raft of new technology being installed in motor vehicles, the debate has started over who owns the data it produces – insurers or manufacturers?
C-Suite Insurer: Liberty's Matthew Moore on attracting millenials to insurance
Change within the specialty insurance and reinsurance markets is as fast-paced as any part of the financial sector
Saga sees improving motor COR and profit growth
The over-50s specialist insurer and service provider Saga has announced an improved combined operating ratio in its motor book of 74.4% (2015: 77.9%) in the year to January 2016.
Ping An buys 48% of major Chinese online car retailer
Ping An has bought 47.7% of the shares of Beijing-based retail car website Autohome from Australia-based Telstra for $1.6bn (£1.1bn).
FWD buys health insurer in Singapore
Hong Kong-headquartered health and life insurer FWD has acquired 90% of corporate medical insurer Shenton Insurance.
Aviva claims head points to resistance from “two major players” as subrogation portal targets 70% take up by 2017
Aviva hopes to have two fifths of the UK motor insurance market signed up to use the subrogation portal it launched last year by the summer - and 60-70% by the end of the year.
UK insurers given hope over European Commission compromise for “unenforceable” Vnuk ruling
A senior executive from the Motor Insurers’ Bureau has offered the UK insurance market hope that the European Commission will review its response to the Vnuk ruling as it comes to understand the level of unintended consequences the decision might have…
Windstorm postcode-level analysis tool launched by Emapsite
Emapsite, a data services provider, has launched a perils model allowing insurers to assess windstorm risk by postcode across the UK.
FCA SME claims review “sharpened” focus, but was not a major factor in industry response during 2015/16 floods
The insurance industry’s response to the winter flood in terms of SME commercial claims would have been hailed a success, even without the Financial Conduct Authority’s 2015 thematic review into this area.
Blog: Taking action against climate change
Insurers have an important role to play in taking on climate change, both in terms of providing protection and as investors
Sullivan retires as Chubb's Asia-Pacific chairman
Damien Sullivan has retired as Chubb's Asia-Pacific chairman but will remain with the global insurer as an adviser.
Chubb signs insurance distribution agreement with major Chinese retailer
Global insurer Chubb has signed an undisclosed long term distribution deal with Chinese retailer Suning.
Car insurance premium prices static in Q1 2016
The average price for comprehensive car insurance premium stood unchanged at £671 in the first quarter of 2016, according to the latest Confused.com Car Insurance Price Index in association with Willis Towers Watson.
Simply Business, Gallagher, Allianz, FCA, IFED, compliance careers, thunderstorms, caravans and 80s cars
The best of Post the last week in case you missed it
Allianz UK direct home and motor exit a ‘good sign’ for brokers
Allianz UK’s proposed withdrawal from the direct home and motor markets was welcomed by brokers as it will go towards reducing competition in an overcrowded market.
Footballer sentenced for contempt of court over tweets
A footballer, who tweeted about playing a game just a day after making a fraudulent insurance claim, was given a suspended jail sentence today.
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I got a ‘call’ from my mum the other day. I mean I speak to her every day and she only lives half a mile away but this was one of those ‘could you please do something for me?’ calls.
ABI seeks better engagement with young insurers
The Association of British Insurers has acknowledged it needs to “do more” to engage young insurers, as Post research found that a majority hadn’t heard of the leading trade body.
Bristol contact centre to be hit by majority of Allianz job cuts
The majority of the 170 Allianz roles put at risk due to its proposal to exit direct home and motor insurance are Bristol contact centre jobs, Allianz UK CEO Jon Dye said, with the potential withdrawal impacting 187,000 policies.