Property
Editor's comment: Great Scott!
Last week was Back to the Future day – 21 October 2015 – the date film character Marty McFly travels to in the second instalment of the sci-fi trilogy.
IPT increase to add £13 to motor policies, claims ABI
The Association of British Insurers has highlighted how a range of policies will be impacted when the Insurance Premium Tax increase takes effect in November.
Brightside and Sun Life team up on home insurance offering
Brightside has signed a five-year affinity deal to provide a home insurance offering for Sun Life customers.
Q3 motor premiums increase 4.8%, AA Index shows
Average motor premiums rose 4.8% in the three months to 30 September 2015, while over the past 12 months the average policy price has increased 9.2%, results from the AA premium index show.
Blog: Product ratings gaining momentum as an alternative to claims ratios
In my last blog for Post, I pitched the idea of product ratings as an alternative to claims ratios. I am delighted to say that the debate has moved on significantly in recent weeks, thanks to an independent review company which publishes star ratings for…
Increased innovation and outsourcing key to driving down household claims expenses
Household insurers have been advised to outsource more claims and increase innovation or run the risk of following the path of the unprofitable motor market.
Home insurer profitability 'in the balance' as expenses outstrip claims costs
The amount paid in expenses last year outstripped the cost of claims for home insurers for the first time on record.
Axa unveils loss adjuster panels for property claims
Axa has named four loss adjusters on two panels to deal with commercial property and household claims.
Emapsite launches geo-coded subsidence model
Data services provider Emapsite has launched a geo-coded perils model enabling insurers and underwriters to assess the subsidence risk for every property in the UK.
Relocation and motor claims expected as St Albans sinkhole is filled
Work on repairing a sinkhole in St Albans that left more than 50 properties without water, electricity or gas has taken place at an estimated cost of £100,000 so far.
MA Assist scoops RSA property claims contract
Property claims and building repair specialist MA Assist has been appointed as sole supplier to RSA for repair fulfilment on property claims under £20,000.
Increasing number of homeowners overestimating value of possessions
Homeowners are spending more on insurance premiums than necessary because of unrealistic valuations of their possessions, according to data from the specialist financial services provider Wesleyan.
GRP's property owners MGA secures HDI Gerling-led capacity deal
Global Risk Partners’ property owners managing general agent European Property Underwriting has secured a capacity arrangement led by HDI Gerling, with major co/reinsurance input from Liberty Mutual Insurance and Swiss Re Corporate Solutions.
Insurers told to embrace the connected home or lose out
Deutsche Telekom is calling on the insurance industry to seize the opportunity that the connected home represents, in terms of future growth, before the enabling technology is exploited by others.
Sun Life enters GI market with pet and home offerings
Direct to consumer financial services provider Sun Life has underlined its entry into the general insurance market with the unveiling of a pet insurance proposition.
Am Trust to acquire Republic for £153m
Am Trust has reached an agreement to acquire Texas-based property and casualty insurer Republic from its owners Delek Group for $233m (£153m).
AM Best Commentary: Feeling the pinch
A number of market conditions are placing increasing pressure on the UK non-life sector. What will insurers need to do in order to ensure profits remain strong?
Bicycles most common theft claim for Direct Line
Bicycles make up 17% of all theft claims handled by Direct Line, proving to be a more popular theft target than mobile phones or tablets.
Online modelling tool allows insurers to see crime hotspots by postcode
Insurers can gain easy access to crime hotspots by postcode under a new model launched by online map data provider Emapsite.
Claims down 15% in Q2 as benign winter sees weather losses plummet
The total number of claims dealt with by the insurance industry in the second quarter of 2015 fell by 15% to 311,000, according to figures produced by the Association of British Insurers.
High-tech fraud: Faceless threat
Fraud has gone high tech, with the potential damage that hackers using the internet can cause becoming a real danger. Now the industry is starting to use high-tech methods to fight back.
Swiss Re reveals £841bn shortfall in global property cover over past decade
In the past decade the total shortfall in insurance cover for global property risks was $1.3tn (£841bn) with only 30% of losses over that period covered by insurance, Swiss Re research has found.
Ecclesiastical swoops for Covéa's former real estate head
Ecclesiastical has appointed Chris Withers as property investors development manager.
Thornton Tomasetti expands insurance practice through merger
Building engineering specialist Thornton Tomasetti has merged with Weidlinger Associates boosting its UK insurance property loss consulting practice.