Insurer
Fall in motor premiums blamed on 'traditional price war'
Market insiders have dismissed claims that price drops in motor are reacting to recent civil justice reforms, blaming the fall on “old fashioned market forces”.
General insurance second only to PPI in H1 2013 FCA complaints
Payment protection insurance and other insurance products were the two most complained about products categories in the first half of 2013, according to the Financial Conduct Authority.
Carrot Insurance signs Zurich to its panel
Carrot Insurance has welcomed Zurich to the motor underwriting panel for its telematics product.
Political heavyweight primed for ABI Solvency II conference
Financial secretary to the Treasury Sajid Javid will be joined by a host of political and industry key note speakers at the Association of British Insurers' Solvency II conference on 31 October.
Penny Black's Insurance Week - 17 October 2013
Penny was delighted to be among the guests when the great and good of the insurance claims world assembled last week for the Chartered Institute of Loss Adjusters annual lunch.
The Claims Event 2013
Claims managers fear hearing loss could become the ‘new whiplash’
IFB and Ifed bosses refuse to fuel industry calls for merger
A merger of the Insurance Fraud Bureau and the Insurance Fraud Enforcement Department would create greater efficiency and allow the IFB to widen its scope.
Surveillance firms lose insurer business as ICO investigates use of private eyes
Firms found complicit in illegal data gathering will face criminal prosecution.
Axa places €350m of cat bonds for European windstorm risk
Axa Global has placed €350m (£295) of catastrophe bonds to institutional investors through Calypso Capital II providing the insurer with protection against European windstorm risk.
Brokers warn insurers not to rush into private security firm cover
Concerns raised over claims frequency of problem doormen supervisor sector.
Post Magazine – 17 October 2013
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.
Risk managers and loss adjusters urge business interruption shake-up
Insurers told to do more to protect increasingly global supply chain.
ABI backs young driver curfews despite resistance from members
Telematics provider labels plans a ‘draconian, backwards step.
Editor's comment: Your country needs you
Cuthbert Heath, one of the most innovative and influential Lloyd’s brokers, developed what we would now recognise as business interruption insurance, with the first modern policy issued in London on 1 January 1939, according to LMI Group.
Fraud firm sees increase in credit repair rates referrals
Fraud management company TCF has reported a 300% increase in referrals to its credit repair rates validation service from quarter one to quarter two of this year.
Comprehensive premiums plummet as motor insurers make Laspo 'gamble'
The average price of a comprehensive motor policy has fallen by 13.9% over the course of the year, according to the latest Confused Car Insurance Pricing Index in association with Towers Watson.
Artemis records $6.24bn of cat bonds in 2013
Artemis has recorded $6.24bn (£3.91bn) of new catastrophe bond issuance and insurance-linked securities issuance so far in 2013.
AIG raises contaminated product limits to $35m
American International Group has launched a web-based service to help companies estimate the cost of recall incidents, and expanded its available accidental contamination coverage limits to $35m.
Generali unveils EMEA and Latin America units
Generali is to simplify its global structure by creating two new business regions, Europe, Middle East and Africa, and Latin America.
Law firm slams FCA naming policy
A lawyer from international firm CMS has slammed the Financial Conduct Authority’s decision to name firms under investigation saying the move is “calculated to gain publicity”.
Rules targeting non-UK tax residency to impact minority of Lloyd's members
New Lloyd’s rules on tax residency are likely to affect less than 10% of members, according to sources.
EU insurers benefitting from economic stability increasing focus on risk
European insurers are benefitting from a more stable economic environment, although they continue to adjust product offerings and adapt reinsurance purchasing in response to the low-yield environment as they increase their focus on risk management,…
MAST security training courses receive government approval
The Department for Transport's Maritime & Coastguard Agency has approved three new training courses from security specialist Maritime Asset Security and Training.
Career development: Insurance industry urged to sign up for ‘e-mentoring' schemes
A UK charity is asking insurers and brokers to ‘e-mentor' young people as part of a scheme to link them to the world of work.