The dual pricing noose is slowly tightening around the insurance industry’s neck. Its laudable attempts to escape from the regulatory hangman seem increasingly futile as the pressure is mounting on the Financial Conduct Authority to take action.
Insurers are coming under increasing pressure to develop new ways of pricing. But, while data and technology hold the key, insurers face some significant challenges as they move to this brave new world.
Most people in the industry would probably describe themselves as open-minded, abhorring any kind of discrimination and supportive of more diversity in the workplace. The enthusiasm for change from all quarters is testament to that
Arnold Schwarzenegger’s decapitated head kicked off its last outing on our television screens this week as the FCA counts down to the PPI deadline on 29 August. However, as one battle comes to an end, another may be just beginning.
Specialist motor insurer ERS will open an underwriting academy in its Swansea office.
Given the hype around digital you might be excused for thinking that you need to re-platform everything, rip out what you currently have - and start again - to remain relevant in the modern insurance market.
Marc van der Veer has joined Nexus Group as CEO of European Ventures.
Mike Wilson, the former head of Lloyd’s Policy Signing Office in Kent has died.
Eccslesiastical has appointed Denise Cockrem as group chief financial officer.
Axa UK has promoted Laurent Matras to the role of executive managing director of retail.
Mike Holliday-Williams, managing director of personal lines at Direct Line, will step down from his role amid a wider management restructure.
Diversity and inclusion have moved from buzzwords to being embraced by the insurance industry for all the right reasons but is it doing enough?
Challenging conversations, supporting good causes and embracing diversity
Sir Nicholas Montagu will be stepping down as chair of the Financial Ombudsman Service after seven years.
Tom Stoddard has stepped down from his role as group chief financial officer at Aviva, continuing a shakeup at the senior levels of the company.
Allianz subsidiary Home & Legacy has appointed Gemma Nunn as operations manager.
This week Aviva has been tipped to unveil a new structure which will again see its UK general insurance and life/pensions businesses split. Jonathan Swift reflects on why this should not come as a surprise as history dictates the insurer has never been…
Harris Balcombe has appointed former Crawford head of fraud, Neil Daniel, to lead its newly launched fraud division.
Risk managers believe that risk reporting and mitigation should no longer be an isolated item on the board agenda but how can they get the executive buy-in to this?
Zurich has appointed Robert Kuchinski as its UK head of commercial insurance.
The Prudential Regulatory Authority has appointed Anna Sweeney as interim director for insurance supervision.
Arron Banks’ broker Eldon has appointed Link chair Mark Boleat as its chairman, while Martyn Holman joins the broker as a non-executive director.
Generali general manager Frédéric de Courtois has been appointed vice-president of Insurance Europe and will serve a three-year term in the role.
When not working as an operational director for Brokerbility, Julie Rayson Flynn puts her air cadet experience to good use – promoting the Duke of Edinburgh’s award and mentoring young cadets