Insurer
CIS eyes 'role changes' following £55m tech deal
Co-operative Insurance Services has confirmed to Post there will be some “role changes” following the firm’s £55m deal with IBM to build an integrated insurance platform.
Editor's Comment: Heeding the warning shot
Following the Financial Conduct Authority’s recent thematic review into delegated authorities, compliance experts have cautioned this is a warning shot across the bow.
IAG swaps premiums for Berkshire fee
Insurance Australia Group said its deal with Berkshire Hathaway will give it income stability and free up A$700m (£346m) of capital to pursue growth.
Industry committed to sharing economy despite Uber breach
The British Insurance Brokers' Association remains committed to the sharing economy, despite a breach in taxi company Uber's insurance document approval policy.
Pool Re to encourage non-members to offer mitigation credit
Pool Re hopes to convince non-member insurers to offer the 2.5% loss mitigation credit on premiums made available through a counter terrorism initiative launched by government yesterday (15 June).
Ex-Admiral employee guilty of trying to defraud her former company
A former Admiral member of staff has received a suspended custodial sentence for her part in a personal injury scam involving her ex-employer.
Geoff Carter resigns from Tesco Underwriting
Tesco Underwriting has announced the resignation of Geoff Carter, CEO, who will take up another senior position within the industry later this year.
Career development: Arag wins Employer Award
Arag has won the Employer Award at this year's Adult Learners' Week Festival of Learning, South West Region. The judges applauded the way in which Arag embeds learning into its everyday work.
Public support for Medco provides fillip for industry backers
Defence of Medco by insurers and the defendant legal community appears to have been vindicated by the public's support of the independent medical panel.
Video: Qualifications in the broking sector
As the regulator becomes more present in the insurance industry, the role of qualifications within the broking sector is looming larger.
Market Moves - 18 June 2015
Find out who has moved where in the insurance industry in this week's Market Move's column.
Expertise from A-Z: Knowledge is power
Continuing professional development is increasingly important, and qualifications and chartered status can help firms shine brighter.
Motorists back Medco as a force for driving down whiplash claims
The role of Medco as a tool to reduce the number of people lodging whiplash claims has been backed by 79% of 16,863 drivers polled by the AA.
C-Suite Broker: Just a little respect
The industry already provides excellent service, but joined-up thinking will lead to mutual respect, says Francois Xavier Boisseau.
Boards must be more active in delegated authority oversight
The boards of insurers that use delegated authority arrangements must take a more active role in their oversight, following the “warning shot” from the Financial Conduct Authority over such arrangements, compliance experts have cautioned.
Recycling: A smoking gun
The plumes of smoke staining the skyline are often signs that a scrap metal yard or warehouse full of recyclate has caught fire. While it’s a distraction for the bored commuter, this troublesome sector leaves underwriters scratching their heads.
Uninsurable risk: No-go zone
According to businesses, six of the top 10 risks facing them are deemed uninsurable. Are insurers being innovative enough to address the problem?
Industry experts question Brindle's call to arms following Fidelis launch
Capital raising-ability and difficulties in obtaining a credit rating have been cited as barriers to other insurance companies emulating the business model employed by Richard Brindle's new $1.5bn (£964m) start-up Fidelis.
ABI calls for NIHL claims to go through Claims Portal
The Association of British Insurers has warned that thousands of people are being led to believe they can get compensation for hearing problems.
Interview: Huw Evans: Climbing the ladder
Four months after his appointment as Association of British Insurers director general, Huw Evans tells Post his plans for the trade body and how he intends to make being a member worthwhile.
Greenberg wins AIG lawsuit but no payout
Hank Greenberg has won his four year lawsuit against the US government over the terms of AIG's bailout but Judge Thomas Wheeler awarded no damages.
Asia C-Suite: Insuring the Alibabas of tomorrow
Prioritising flexible cover for SMEs in Asia-Pacific will help drive economic growth and innovation in the region argues Zurich's Stuart Spencer.
Aviva to close three Manchester sites after Friends Life acquisition
A "large majority" of Aviva's 780 strong Greater Manchester workforce are set to be made redundant following the completion of the Friends Life acquisition.
Buffett's IAG deal gives Berkshire Hathaway platform for Asia-Pacific growth
Warren Buffett has agreed for Berkshire Hathaway to take a A$500m 3.7% in IAG in exchange for the Australian insurer's renewal rights to its large corporate book.