Insurer
Insurers must find right balance with millions of policyholders up for grabs
The threat of motor insurance customers switching providers more frequently creates a dilemma for insurers on how to differentiate their policies on factors other than price, according to market insiders.
Educating drivers on the importance of safety holds key to curbing uninsured driving
Reducing motor premiums by educating young drivers on the importance of road safety has been raised by market commentators as the main way of curbing the number of uninsured drivers, which has risen for the first time in a decade.
LV exploring reinsurance opportunities amid increased market appetite
LV general insurance managing director John O’Roarke says his firm may seek to take advantage of an increased appetite among reinsurers to write primary business amid an uptick in alternative capital entering the reinsurance space.
ABI poll shows consumers plagued by bogus insurance claims calls
The Association of British Insurers called for clampdown on rogue claims management companies today (8 September), as a survey shows people continue to be bombarded with nuisance calls and texts encouraging them to seek compensation for injuries they…
Career Development: CII provides flexible working guidelines
The Chartered Insurance Institute has launched a guide for companies looking to introduce flexible working arrangements.
Career development: Madagascar Water Aid project selected by Liberty employees
Liberty Specialty Markets employees have selected Water Aid’s Madagascar project as their specific programme from among the organisation’s initiatives in 26 countries following the announcement of the company’s partnership with the leading international…
Career File: Sue Langley - Former Hiscox COO takes on non-exec chairmanship at Gallagher
Arthur J Gallagher International has hired Sue Langley as non-executive chairman of the Gallagher Holdings UK board.
SAS to create 150 jobs in Ireland amid €40m investment
Business analytics firm SAS will create 150 jobs over three years as part of the expansion of its operations in Ireland in an investment of around €40m (£29.1m).
LV's H1 operating profit leaps 52% to £70m
LV has reported a 52% increase in operating profit for the six months ending 30 June 2015 to £70m from £46m in the same period of 2014.
Mitsui confirms £3.47bn Amlin acquisition
Japanese insurer Mitsui Sumitomo Insurance Company has reached an agreement to acquire the entire share capital of London-headquartered Amlin for 670p per share in cash.
RSA sells Latin American operations
RSA has sold its Latin American operations to Colombia's GrupoSura for around £403m in cash.
Mitsui Sumitomo in talks to buy Amlin
Japan's Mitsui Sumitomo is in talks to buy Lloyd's (re)insurer Amlin according to Nikkei.
Elite follows Helphire in exiting 'commercially unviable' GTA
Elite Insurance Company has withdrawn its subscription to the General Terms of Agreement, with the insurer’s CEO describing the cost benefit of using the agreement as “commercially unviable”.
IFB's Cheatline received 500 reports per month in 2014
Honest consumers are taking a stand against insurance cheats by reporting known fraud cases to the Insurance Fraud Bureau’s confidential Cheatline, new data has shown.
ABI urges MOJ to regulate MROs in Medco review
The Association of British Insurers is calling for the regulation of medical reporting agencies in its submission to the Ministry of Justice review of the operation of Medco.
Penny Black's Insurance Week - 10 September 2015
With the Rugby World Cup soon upon us, egg chasing was very much at the top of the discussion during the breaks at the recent Claims Club meeting.
Church Insurance: Steeple chasing
There is a new entrant into the church insurance sector, targeting Ecclesiatical’s 95% share of the market. What will this mean for the country’s 16,000 Anglican churches?
Legal Update: Who’s to blame?
Supreme Court to rule on intentional torts in vicarious liability cases.
Dognapping: Dog gone
Dognapping is a cruel crime that is on the rise. But are pet insurers doing enough to help owners? And should they be taking a more active role in providing specific cover against theft rather than focusing primarily on vets’ bills?
MIB targeting young drivers as uninsured driving increases
The Motor Insurers' Bureau has launched its first national awareness campaign in three years due to an increase in the number of uninsured drivers on UK roads.
Trust In Insurance: Blog: Trick or treat?
Insurers need to work harder to explain the intricate workings of the industry to customers.
Axa study calculates £34bn of savings from driverless HGVs
The development of automated haulage and logistics vehicles could save the haulage industry almost £34bn, according to a study undertaken by Axa UK.
C-Suite - MGA: A viable alternative
Collaboration opportunities could lead to the richest of rewards.
C-Suite - Insurer: Innovation in insurance
Contrary to a commonly held view, the insurance industry is making great strides.