Property
Government pledges £62m flood funding
The government has pledged £62m flood defence investment for communities across Yorkshire, Cumbria, the North East and the South East of England.
Analysis: Trampoline parks – on an upward trajectory for insurance?
To borrow an analogy from Forrest Gump’s mother, writing about insurance can be like a box of chocolates – you never know what you’re gonna get. On the topic of trampolines, an assortment of ‘no comments’ left a rather nasty taste
Government consults on compulsory sprinklers for shorter high-rises
The government has proposed reducing the building height over which the installation of sprinklers are mandatory from 30 metres to 18 metres.
Allianz increases fraud savings by 30%
Allianz has uncovered more than £29.6m worth of fraud in the first half of 2019, an increase of £6.9m compared to the same period last year.
BoE governor Carney warns insurers over climate change
The Governor of the Bank of England has described climate as a “big, big issue” for general insurers and reinsurers.
Hong Kong protests highlight civil unrest exposures as risk appetites wane
Brokers have warned policies may include exclusions for strikes, riots and civil commotion, as insurer risk appetites in the region wane amid continued protests in Hong Kong.
Rising Star: Thomas Hardinge, Axa Real Estate Specialty
After jobs at a bank, an auction house and a caterer, Thomas Hardinge had his eyes opened to the insurance industry during a work experience placement at the London Market Group in 2016.
Blog: The Whaley Bridge experience - how well do insurers cope at times of crisis?
The Whaley Bridge incident has once again thrown the spotlight on insurers, their disaster plans and capacity issues. Alex Dalyac, founder and CEO, Tractable comments that while feet on the ground will never be totally replaced, the industry could be…
Six more insurtech start-ups to watch in 2019 and into 2020
In the latest in his series of Insurtechs to Watch, Post content director Jonathan Swift casts an eye over six more start-ups looking to make a splash in the UK insurance sector.
Analysis: Impact of smart home technology on escape of water claims
In 2018 insurers dealt with 228,000 escape of water claims, at a cost of £617m – an increase from £529m paid out five years ago, according to statistics from the Association of British Insurers. With the rising cost of claims, can technology help reduce…
Blog: Home history data may build a better picture for pricing
Pricing practices in the home insurance market are under scrutiny and according to Jay Borkakoti, director, home insurance, UK and Ireland, LexisNexis Risk Solutions insurers need to use claims history data to better their understanding of property risk.
Blog: Building regulations - how can stricter changes present opportunities for the wider insurance industry?
As stricter building regulations for new buildings are set to come in force, insurers could see lower property damage costs and pay outs. However, Simon Ford, chairman of the British Damage Management Association, asks if this could be a challenge to…
Flood defences save UK £1.1bn a year
Inland flood defences reduce river flood losses by 63%, saving the UK £1.1bn annually on average, according to a recent study.
Insurers call for compulsory sprinklers in schools
Automatic fire sprinklers should be compulsory in all new build schools, insurers have warned.
Analysis: Changing face of terrorism and terrorism covers
Terrorism has been a constant threat in the UK for more than half a century and has proved hard for security forces to keep up with, so it is hardly surprising that the insurance market too has found itself trying to repair gaps in cover as they emerge
British Steel pursues disputed claim and damages against Zurich and others
Mactavish has called for the CEOs of Zurich and Liberty to personally oversee a £30m disputed claim that it says, if paid, could save the company.
Analysis: Managing the M&A insurance risk
It was the Competition and Markets Authority that recently put paid to Sainsbury’s and Asda’s marriage plans, but there are plenty of other risks that also regularly threaten the success of mergers and acquistions – ranging from the uncovering of…
Allianz operating profits rise as personal lines transfer to LV approaches completion
Allianz UK CEO Jon Dye confirmed that the transfer of personal lines business from Allianz to LV remains on-track and will be completed within three to four weeks, as the insurer announced its Q1 results.
Government pledges £200m to fund replacement of Grenfell-style cladding
The government has allocated £200m to remove and replace aluminium composite material cladding from around 170 privately owned high-rise buildings.
Top 100 Insurtech Firms 2019 - Spotlights
As the Insurtech 100 publishes, Post caught up with some of the firms listed across Europe, USA and Asia to reflect on the past 12 months, the future, favourite apps and food
Spotlight: Data - Ordering data in
Insurers continue to hang their success on the quality and use of data, with businesses continually reviewing how to gain a commercial advantage. Edward Murray looks at the benefits of using external data providers and why some peril risks have proven…
Spotlight: Data - Why are insurers ignoring data for escape of water claims?
Don’t blame the rain for the growing number of water-related claims in the UK, blame the plumbing