Motor
Davies makes TLSS its fifth 2017 acquisition
Davies Group has acquired specialist motor specialist Total Loss Settlement Services.
Aviva paid out £2.7bn in claims during 2016
Aviva paid £2.7bn last year in cash settlements and services to more than 775,000 UK customers claiming on their individual insurance policies.
Blog: A new year resolution for the government: implement discount rate reforms without delay?
While the government is still considering reforms to the Odgen discount rate James Dalton, director for general insurance policy at the Association of British Insurers, believes insurers must keep the pressure on.
Man sentenced after 13 false insurance claims
A man has been sentenced at Liverpool Crown Court after attempting to claim compensation on 13 separate occasions for alleged damage caused to his car.
AIG Singapore creates online motor accident reporting platform
AIG Singapore creates online motor accident reporting platform
ABI highlights £35bn industry contribution to UK economy
Insurers and long term savings firms paid out £160m to customers last year, the equivalent to the cost of around 700 houses.
Interview: Wayne Xu, Zhong An
While all eyes are trained on the meteoric rise of Lemonade in the US, another insurtech player is causing widespread disruption in the East.
Roundtable: Advanced underwriting in the digital age
Getting the most out of unstructured data can be complex. A recent roundtable discussed the resources available for underwriters to approach and tackle the problem
Innovation in Insurance 2017: Allianz UK plans to become 'digital by default'
Allianz will look to introduce further use of portals and big data over the next year in order to become more digitally driven, a conference heard.
This Week in Post: Personal injuries and parenting fails
I felt very smug when my daughter tried on her first pair of slipper socks: she liked them! That meant I wouldn’t need to argue with her to keep her little feet warm – and she wouldn’t risk slipping on wooden floors. What I hadn’t foreseen though was…
Controversial motorcyclist injury claim ‘could spark more lawsuits’
A man who knocked down and killed a pedestrian was able to claim injury compensation from the victim’s motor insurance policy in a landmark legal case.
Analysis: Review of the year 2017
The past year has been a stormy one for the insurance market – and not just in terms of weather: the discount rate saga and the insurance premium tax hike helped propel motor premiums to stratospheric highs. Industry figures see clearer skies, however,…
Week in Post: All hail Captain Side Parting
This year’s Budget was rewarding for many reasons: a freeze on insurance premium tax, an increase in research funding for driverless cars, and a dig at Jeremy Clarkson.
Motor premiums to fall next year from Ogden and whiplash changes: EY
Motor premiums could fall in 2018 as an expected change in the Ogden rate could reverse some of the losses faced by insurers, EY said.
Underwriting Service Awards 2017: Winners
The leading lights of underwriting gathered last night at Post’s annual Underwriting Service Awards. The winners are below:
Analysis: NIHL: Make some noise
The fixed-cost regime proposed for noise-induced hearing loss claims is like music to insurers’ ears, although it comes way after the hubbub
Sabre aims to raise £213m through IPO next month
Motor insurer Sabre has confirmed its plans for an initial public offering next month, bringing to a close months of speculation.
Blog: Digitise your underwriting, not just your quotes
Insurers have been digitising their application process but not so much their underwriting operations, writes Selim Cavanagh, insurance vice-president at Lexis Nexis Risk Solutions, warning they might be missing on some efficiency gains.
Esure reports strong growth despite drop in home policies
Esure has seen a 25.4% increase in gross written premiums over the past year, rising to £625.8m from £499m in Q3 2016.
Q&A: Mike Brown and Alistair Kinley, BLM
The insurance industry is currently battling with a multitude of uncertainties: Brexit, Ogden, and the impact of technology. Mike Brown, senior partner, and Alistair Kinley, director of policy and government affairs, BLM, spoke to Post about how those…
Direct Line reports growth in its own-brand policies
Direct Line Group has reported growth among its direct own brand policies over the last year and claims to be on target to hit its desired combined operating ratio for 2017.
This month in Post: How long before the first woman in insurance says #MeToo?
It is an ugly truth that almost every woman who has worked in insurance for some time has a story about sexual discrimination.
Video: How the economy influences insurance claims
BLM partners Jennette Newman and Julian Smart explain how macroeconomic trends can be analysed to predict insurance claims.
Profile: Jon Turner, Pen Underwriting
After spending the past year hiving up a dozen entities under the Pen Underwriting roof, CEO Jon Turner talks to Will Kirkman about the managing general agent’s drive to be a ‘virtual insurer’ with the firepower to invest in data analytics and new…