Insurer
Conduct is most concerning emerging risk for London market internal auditors
FCA perceived as being more focused on London market than its predecessor
Editor's Comment: Take charge of transparency
The insurance industry has been criticised for some time about its lack of transparency, and last week the Association of British Insurers took a step in the right direction to rectify this for home and motor policies.
Brokers warn over impact of renewal transparency plans on direct insurers
ABI sends FCA letter asking it to enforce minimum standards of information
Motor sector faces fresh scrutiny for failings over premium payment options
Customers offered monthly payment by default despite choosing to pay yearly
GI firms urged to adopt whistleblowing policies as FCA review is mooted
Issue brought into spotlight following release of CII ‘Speaking Up’ guide
Interview: David Smith: In safe hands
Time will tell whether David Smith’s spell as Zurich’s interim UK general insurance CEO becomes permanent but, at a firm where stability is a watchword, Smith explains how his strategy will ensure the division stays on course for growth
BIA 2014 - The Technology Award: LV=
Finalists: Ageas; Cunningham Lindsey; GAB Robins UK; NHS Litigation Authority
BIA 2014 - Investing in the Profession Award: Hiscox
Finalists: Aon; Allianz Insurance; Miller; Sterling Insurance Group; Thomas Carroll Brokers
BIA 2014 - Digital Initiative of the Year: Kwik Fit, part of Ageas
Finalists: Allianz Insurance; British Gas Insurance; Carrot Car Insurance
BIA 2014 - The Major Loss Award: GAB Robins UK (University of Strathclyde fire)
Finalists: Allianz (flood response); Cunningham Lindsey (Daw Mill Colliery fire); Davies Group (Essex flood response); Oil Facilities; Zurich Insurance & McLarens (Lytchett Minster Upper School fire)
BIA 2014 - Claims Initiative of the Year: LV=
Finalists: Ace European Group; Ageas; AIG; HSBC
BIA 2014 - 20 glorious years
This year marked the 20th time the British Insurance Awards honoured the great work the industry does in mitigating risk or aiding and abetting people in the face of adversity.
Career development: Chaucer retains graduate employer gong
For the second year in succession, specialist Lloyd’s insurer Chaucer has been named the top company for graduates to work for in accountancy and insurance by UK graduate job review site The Job Crowd.
Quindell founder committed to pursuing legal action against Gotham
Quindell will continue to pursue legal action against Delaware-based research firm Gotham City, despite the difficulty given their US jurisdiction, executive chairman Rob Terry has confirmed.
Market Moves - 17 July 2014
All the latest job moves in the insurance market
C-Suite - Insurer: Recognising a great opportunity
With an agile workforce that is proud to be part of the industry, insurers can flourish
Penny Black's Insurance Week - 17 July 2014
Penny was star-struck at the British Insurance Awards last week, and not just because she was within spitting distance of comedian Bill Bailey.
RSA and Allianz team up with Una on SME package
Independent broker alliance Una has launched an insurance package for SMEs alongside insurers RSA and Allianz.
BIA 2014 – General Insurer of the Decade: Allianz Insurance
Only one general insurer in the UK can boast 45 consecutive quarters of underwriting profit as well as unrivalled stability in its strategy and leadership, earning it the respect of peers and investors alike.
BIA 2014 - Corporate Social Responsibility Initiative of the Year: RPC Law
Finalists: LV=; Markerstudy Group; Marsh; Pound Gates
BIA 2014 - Transformational Deal of the Year: Ageas Insurance (Groupama acquisition)
Finalists: Arthur J Gallagher (Giles Group acquisition); Equity Red Star (Aquiline acquisition)
BIA 2014 - General Insurer of the Year - Ageas
Finalists: AIG; Allianz Insurance; Hiscox; Zurich Insurance
BIA 2014 - Insurance Start-Up Award - Ingenie
Finalists: Bought by Many; DUAL Asset Underwriting; MySlipcase
BIA 2014 - Underwriting Agency of the Year - Dual Group
Finalists: Arista; CFC Underwriting; Nexus