Property
Insurance premium tax goes up to 10% in second increase in less than a year
Insurance premium tax rates will go up to 10% tomorrow, marking an overall rise of 66% in less than a year.
Homes should come with flood warnings, says ABI
Home buyers are more likely to assess accessibility to parking than risk of flooding when buying a house.
Axa calls for end of construction on flood plains as flash floods hit
Following today’s flash floods that saw half a month’s worth of rain dumped over parts of England, Axa has called for the government to end construction on flood plains and encourage greater resilence in repairs.
Blog: The connected claim
With the connected home, claim alerts and notification to insurers could become automatic.
Interview: Dany Cotton, London Fire Brigade
As director of safety and assurance at the LFB, Dany Cotton talks to Stephanie Denton about diversity, technological advances and what insurers can do to help prevent fire loss
Cunningham Lindsey looks to counter surges in lower value building claims
Cunningham Lindsey has launched Invisio, an independent validation service for lower value domestic and commercial buildings claims.
Home insurance premium rises remain low despite flood costs
Increased competition is limiting annual home insurance price rises to just 1.6%, research has revealed.
Home insurance premiums remain competitive despite extreme weather conditions
Despite extreme weather and flooding, the cost of combined buildings and contents insurance policies is at its lowest in four years.
Blog: Subsidence claims are evolving
The insurance industry must plan for the skills, expertise and resources it will need to manage subsidence claims when an ‘event year' happens once again.
QBE cancels £31.1m deal with Network Rail
A £31.1m insurance arrangement between QBE and Network Rail was not renewed in the first half of the year because of “unacceptable terms”.
Chubb's Keen promoted in Asia-Pacific
Global insurer Chubb has promoted Jason Keen to head of property and casualty for Asia-Pacific.
Ageas sees GWP growth despite weather claims hitting profits
Ageas has seen its consolidated UK combined operating ratio rise to 100.1% for the first half of 2016 as a result of flash floods and storms in June.
Portevin switches roles and Carter to retire at Allianz's global commercial arm
Senior management shake-up at Allianz Global Corporate and Specialty.
R&Q announces capacity boost to £15m
R&Q Commercial Risk Services is boosting its long-term capacity agreement, which will see its total underwriting capacity increased to £15m.
Allianz pushes for £3bn GWP despite half year setbacks
Despite having a 3.6% drop in gross written premiums, Allianz is still aiming to hit a £3bn GWP target.
Disciplined approach to underwriting will drive growth, says Esure’s Vann
CEO of Esure Group Stuart Vann is targeting growth in the insurer’s portfolio, claiming that "now is the time to grow".
Esure's home COR hits 105% as adverse weather affects book
Esure profit before tax dropped 1.9% to £45.6m (2015: £46.5m) and its overall combined operating ratio worsened 3.4 percentage points to 99.2% for the six months ended 30 June 2016 as adverse weather events impacted the insurer's home book.
Car insurance premiums are back on the rise after Q1 dip, says AA
Car insurance premiums are back on the rise, according to the AA’s latest benchmark British Insurance Premium Index.
Lloyds Banking Group insurance profit hit by weather claims in H1 2016
Lloyds Banking Group this morning reported that its general insurance business saw a 12.5% drop in general insurance ‘underlying profit’ for the first half of 2016 after reporting £168m in income (H1 2015: £192m).
Expertise from A-Z: Sharing economy: Learning to share
With the sharing economy set to rocket in value over the next 10 years, the changing attitudes of the younger generation means insurers need to ditch their ‘one size fits all’ approach to insurance
Blog: Home insurers should look at data sharing before connected home
It's undoubtedly a challenging time for home insurers.
Floods six months on: as claims are settled, how resilient are repairs?
The Association of British Insurers says 90% of December's floods are settled and it supports the introduction of flood measures in building regulations
Blog: Subsidence, the forgotten peril
The year 1976 saw the first surge of subsidence insurance claims. Four decades later, why is subsidence the forgotten peril?
Blog: Cooking calamities - More than 38% of house fires start in the kitchen
Understandably, there is a great deal of focus right now on managing flood risks but looking at household fire claims, the number and cost of these claims have also changed quite significantly in a relatively short period of time.