Insurer
Career Development: Big data will only bring big insights with human capital
Insurers and brokers are investing in big data, in a big way. But while many firms are spending significant sums on the tools and systems to pool and analyse this information, investing in the necessary human expertise to extract value from this data has…
Cash-for-Crash Fraud: Beating the fraudsters
The Welsh Police have done a sterling job breaking a large car insurance fraud ring in South Wales – but there are fears such scams will go undetected unless the British insurance industry improves its detection powers
Editor's Comment: I want that one!
I imagine Google is a bit like a child after opening all its presents on Christmas day.
Blocks Of Flats: Flat out for a better deal
The shift towards leaseholders exercising their Right to Manage is slowly having an impact on this sector of the property market and resulting in greater scrutiny of the value it provides
Brokers stoic as RSA shrinks regional presence vowing to work with 'new structure'
Brokers resigned to changes at insurer RSA, which last week revealed further cost-cutting plans at several regional sites, amid predictions poor 2015 general insurance results will lead to regional cuts elsewhere in the market.
QBE comes under fire for price promise to undercut SME rivals by at least 5%
QBE has come under fire from a number of quarters following a guarantee to "beat any price" from major insurers on selected quotes before the end of March.
Hiscox teams up with start-up broker for pay-as-you-go host insurance
Online platform Belong Safe has today launched the first on demand host insurance product to cater for the rising home-sharing market.
Interview: James Reader – Passing the test for success
Covéa Insurance CEO James Reader updates Post on progress following the recent acquisition of Sterling, as well as the firm’s plans for the future
Profit cannibalisation and regulation concerns pushed Google's aggregator exit
Cannibalisation of profits and regulatory concerns were among key reasons behind Google's decision to exit the competitive aggregator space, but this may not be its last venture into this sector according to market analysts.
Slater & Gordon says UK redundancies likely after 155% profit crash and £448m goodwill write down
Slater & Gordon has said there will “likely” be redundancies and office closures following a review of its UK operations and a goodwill write down of A$876.4m (£448.4m).
Insurers back Axa's call for consistent injury awards in Ireland amid 30% motor premium increases
Insurers in Ireland are backing a call by Axa for more consistent personal injury awards amid concerns the body established to handle personal injury claims and compensation in 2004 has lost its way.
FCA to pilot general insurance scorecards
The regulator has announced plans to pilot general insurance ‘scorecards’ on a select number of products.
C-Suite - Insurer: Been around the world
Diversity in business experience can be an asset for companies looking to bring in new recruits
Claims Club: Late payment legislation to add ‘new pressure’ to difficult fraud cases
Insurers have been urged to prepare a late payment strategy now, after an insurance barrister warned the late payment clause, due to be introduced with the Enterprise Bill, will add additional pressures in suspected fraud cases.
Supreme Court ruling in Knauer could lead to 10% increase in reserves
A ruling by the Supreme Court looks set to add to insurers' difficulties in calculating what constitutes the appropriate lump sum to set aside for serious personal injury cases.
DLG storm losses total £130m and push commercial COR to 104%
The December 2015 floods in the UK pushed Direct Line Group's commercial combined operating ratio to 104.5% (2104: 98.8%) but CEO Paul Geddes said the company's results remain in line with competitors.
Axa's Asia P&C GWP surpassed €1bn in 2015
Axa's property and casualty gross written premiums in Asia exceeded €1bn (£789m) in 2015 for the first time.
Zurich appoints Marguin as Asia-Pacific chief underwriting officer
Zurich has appointed Asia-Pacific chief financial officer Herve Marguin as its chief underwriting officer for the same region.
Insurers face reserve increases after Supreme Court Knauer ruling
A seminal ruling by the Supreme Court last week means insurers potentially face substantive increases in claims costs on fatal accident claims.
New Hiscox MGA to focus on professional indemnity and motor
Hiscox will this year set up a managing general agent in the UK focusing on areas outside its underwriting appetite, including some classes of professional indemnity and motor insurance.
Hiscox reports 6.5% pre-tax profit fall as GWP rises
Hiscox’s pre-tax profit dropped by £14.9m to £216.1m in 2015 as the company reported increased gross written premiums of £1.94bn (2014: £1.75bn).
Plum Underwriting buys R&Q MGA Synergy
Plum Underwriting has acquired specialist high-net-worth managing general agent Synergy Insurance Service from Randall & Quilter.
Blog: How designers will take over the insurance industry
I imagine you scoffed at this blog title. In fact, you're probably ready to switch off entirely. However, bear with me a little longer - I think you'll find it useful.
C-Suite: The potential of telematics in Asia
Telematics is a great opportunity for Asia's motor insurers as competition intensifies in the region writes Pravar Gautam.