Insurer
Quiz of the week - 18 September 2015
It's quiz time! Test your knowledge of the week's insurance news. Let us know how you do by sharing your score on Twitter with the hashtag #postquizscore...
Markerstudy signs up to My Licence following RDT upgrade
Markerstudy is engaging with the My Licence initiative following RDT’s upgrade of its administration platform Landscape.
Royal Charter for WCI 'adds lustre' to insurance industry
The Worshipful Company of Insurers was formally presented with its Royal Charter at a banquet in London’s historic Guildhall this week.
Blog: Breaking down the barrier of mistrust
Given half a chance and insurers will wax lyrical about how ‘being there’ for policyholders in their time of need is what forms the foundation of an ancient and noble business model.
PWC sponsors insurance start-up accelerator
PWC’s UK insurance practice has joined up with the insurance accelerator programme at Start-up Bootcamp, a network for start-up companies.
Blog: Digital drivers for insurance innovation
Digital insurance is a rising trend. As mobile-only banks emerge, it will surely not be long before insurance providers follow suit. Digital is moving the goalposts on customer expectations regarding speed and efficiency. But with most of their…
Online modelling tool allows insurers to see crime hotspots by postcode
Insurers can gain easy access to crime hotspots by postcode under a new model launched by online map data provider Emapsite.
Allianz appoints Newman as head of motor claims
Tony Newman has been formally appointed head of motor claims at Allianz, having been seconded to the role since September 2014.
New entrants causing disruption for insurers attempting to embrace innovation
Nimble market entrants are increasingly causing disruption for established insurance market players in the race to innovate, according to an international report by KPMG.
Post magazine - 17 September 2015
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App edition on the App Store or read the Post Digital Edition online.
Insurance ranked worst industry for customer experience, survey finds
The insurance sector has once again been slammed for its poor customer service, ranking bottom for customer experience in a survey by service design consultancy Engine.
Goldman Sachs could pocket 400% return on Hastings investment
Goldman Sachs could bank a return of 400% on its stake in Hastings following the UK motor player’s stock market floatation next month, if investors respond as expected, according to reports.
Just half of European GI firms' websites deemed 'mobile responsive'
Just over half of general insurance companies’ websites across Western Europe and Poland have developed a mobile-responsive website, according to research by consulting and market research firm CP Consulting.
RSA promotes Middle to global telematics role
RSA head of telematics partnering Paul Middle has been promoted to a global role that will see him assume the UK responsibilities vacated by former RSA telematics director Bob Skerrett.
Cost and availability of NEDs in question amid regulatory pressures
The increasing level of responsibility associated with being a non-executive director could serve to diminish the number of available candidates and drive up the cost of recruitment, according to the International Underwriting Association.
Lloyd's underwriters back skilled migrants insurance product
An insurance product specifically for skilled migrants has been launched with the backing of certain Lloyd’s underwriters to provide security for people immigrating, or those who have already immigrated, to Australia and New Zealand.
Flood Re regulations moved to next stage at Westminster
Parliamentary scrutiny of Flood Re has been welcomed after the secondary legislation to make the scheme fully operational in time for its launch next year was considered by a House of Commons Delegated Committee yesterday (15 September).
700 QBE shareholders begin A$200m class action lawsuit
700 of QBE's shareholders are attempting to recover over A$200m (£93m) from the insurance giant after its share price collapsed in December 2013.
Editor's Comment: The era of mega deals
This year’s trend for mega merger and acquisition deals continued last week when Japanese insurer Mitsui Sumitomo agreed a deal to acquire Amlin for £3.47bn – more than twice its tangible book value, subject to approval – while in the broking sector…
Hastings IPO tipped to benefit from recent M&A activity
The timing of Hastings Insurance Group’s initial public offering could attract investors with surplus cash following the recent spate of insurance mergers and acquisitions, according to industry analysts.
London market diversity under the microscope as consolidation continues unabated
The London market is in danger of becoming too consolidated as a result of the current M&A wave, commentators have warned, with market diversity dependent on small start-up businesses emerging in the coming years.
Claims down 15% in Q2 as benign winter sees weather losses plummet
The total number of claims dealt with by the insurance industry in the second quarter of 2015 fell by 15% to 311,000, according to figures produced by the Association of British Insurers.
Horton first of founding ABC team to depart LV
LV chief operating officer Peter Horton has left the insurer.
Hastings Insurance Group announces £180m IPO
Hastings Insurance Group has announced its intention to proceed with an initial public offering and float on the London Stock Exchange.