Insurer
Microinsurance to reach 1 billion by 2020
The number of low income people covered by microinsurance is expected to hit one billion by the end of the decade, according to the Luxembourg-based Microinsurance Network.
RFIB to replace departing FD Cotton next month
International Lloyd’s broker RFIB Holdings has appointed Nick Moss as finance director.
Lloyd’s syndicates see improved investment returns
Investment performance at Lloyd’s improved over the course of 2012 according to figures from investment analyst Camradata.
Ex-Ink boss Smith makes market return with new MGA
Former Ink Insurance managing director Mike Smith has made a market return with newly formed MGA Incorporated Insurance Group.
Arc Legal joins MGAA
Legal expenses insurance provider Arc Legal has become the latest member of the Managing General Agents' Association.
Quarter of crash victims pressured into claiming, says LV
One in four crash claimants say they would never have sought compensation if they hadn’t been pressured by a third party, according to research from LV.
Hyperion IPO back on agenda following BP Marsh talks
Hyperion could be gearing up for a flotation before the end of the year, according to analysts.
Where is the service culture?
Praveen Gupta, ceo and country manager of Raheja, QBE in Mumbai, and senior member of the Chartered Insurance Institute, wants emerging markets in Asia to place less emphasis on sales and more on service.
Queensland flood damage bill reaches AUS$290m; costs set to rise
The devastating flooding in Queensland is expected to cost well over AUS$290m as over 25 800 claims have been received by insurers with more to come, according to the Insurance Council of Australia.
Listings for government owned insurers in India on hold
According to a senior official at the Indian finance ministry, the government has put off plans to list state run insurers as their financial health is not conducive.
Munich Re study predicts greater storm activity in Asia
A study by Munich Re and the German Aerospace Centre predicts we are coming up to the end of a 10-year cycle which will bring greater storm activity in east and south east Asia.
Sandy set to generate lengthy legal battles amid deductibles debate
Settlements over the first disputes to arise from claims relating to Superstorm Sandy are unlikely to be reached until the middle of 2014 at the earliest.
Editor's comment: Bowing out from Brussels
Complaining about the influence of the European Union on British affairs is almost as much a talking point as the weather in the UK, but insurers have fair grounds. Since Solvency II was first proposed, many in the UK insurance industry believe the…
Career file: Michael Tripp: Tripp to step down as Ecclesiastical CEO
Ecclesiastical chief executive Michael Tripp has announced his intention to retire from his post during 2013.
Opinion: Dispatches: our side of the story
Direct Line Group responds to Channel 4’s recent allegations of customer detriment.
Insurers and lawyers lock horns over plans to cut recoverable claims costs
The Association of British Insurers has accused claimant lawyers of attempting to derail “crucial” reforms to the electronic personal injury claims portal by launching a judicial review.
Penny Black's Insurance week
This week, Penny has been curious to see how the industry might vote in an EU referendum proposed by Prime Minister David Cameron.
View from the Top: The whiplash gold rush
Insurers must ‘respond vigorously’ to glut of spurious last-ditch claims ahead of Laspo implementation.
Interview: Theo Duchen and David McDonald: Human Kind
Acturis co-founders Theo Duchen and David McDonald have preferred to stay under the radar in the early days but, more than a decade on, the software experts explain they would not be where they are today without investing in people power and allowing…
Your say: Don’t tar all with the same brush
While Post’s story on the ruling in Webster Dixon v Equity Syndicate Management and Motor Plus on non-panel law firm rates charged for before-the-event legal expenses work highlights the importance of the decision for before-the-event insurers, it is…
Market Moves: Reshuffles at Ace Group and Axa represent week's main moves
Ace Group, Axa and Legal & General were the most active firms in the recruitment space this week, with the trio making major reshuffles. Ace rejigged its Europe, Middle East and Africa claims team, Axa added new executives to it direct and partnerships…
Gender Directive: The Sex Factor
As consumers come to terms with gender-neutral pricing, motor insurers continue to sweat over alternative rating factors and rebalanced underwriting models.
Spotlight On: Telematics: Map Reading
In the flourishing world of telematics-based car insurance, the concept of a vehicle score to evaluate individual risk has become ubiquitous. But are all scores equal?
Spotlight On: Telematics: On the road to a new era
Has the EU Gender Ruling finally brought telematics to the fore to drive new growth in the motor sector?