SME
Enterprise Act: Paying the price for paying late
With the Enterprise Act coming into force on 4 May, policyholders will now be able to claim damages for late payment of claims. Are insurers ready?
Interview: Guy Goldstein, Next Insurance
As Next Insurance launches today a chatbot allowing personal trainers to quote and buy insurance via Facebook Messenger, its founder and CEO Guy Goldstein tells Jonathan Swift how the American insurtech start-up plans on revolutionising the SME…
Travelers acquires Simply Business for $490m
Travelers has agreed to acquire Simply Business from Aquiline Capital Partners for approximately $490m (£401m).
Benard swaps Axa Gulf for Generali Asia
Fabrice Benard has been appointed regional head of P&C retail for Italian giant Generali's Asia operations.
Costs for SMEs could rise £6.8bn over 2017
Seven out of 10 small to medium enterprises expect their revenues to shrink or stay the same in 2017.
Zurich restructures Asia-Pacific commercial business
Swiss global giant Zurich is reorganising its commercial business in Asia-Pacific, headquartered in Hong Kong, following the worldwide decision to integrate its global corporate and commercial divisions.
Six insurtech start-ups to watch in 2017
To celebrate the return of the Post Digital Insurance Collective, I thought I would take another of my periodic looks at some of the newer start-ups in the insurtech space with some connection to the UK.
Japan's AIU and Fuji Fire announce merger date and name
Two large AIG wholly owned general insurers in Japan will complete their proposed merger, first announced in 2013, by the end of the year.
Insurers must promote terrorism insurance outside of cities: Pool Re
Insurers must promote terrorism insurance to small and medium size enterprises and those outside of London, according to the latest threat report from Pool Re.
Spotlight: Claims Assistance: Ignore at your peril
Dissatisfaction over clarity during the claims process has been highlighted by the recent Financial Conduct Authority review. What can the industry do to make the system work better?
SME focus more on price than scope of cover
Only four out of 10 small to medium enterprises rank scope of cover as the top deciding factor when buying insurance.
Hiscox rolls out new security incident response policy
Hiscox has launched a new security incident response policy to protect SMEs against terrorism, bribery, extortion and industrial espionage.
Tailored policies and cyber set to influence market in 2017
Tailored insurance for new professions, cyber policies for SMEs, and the FCA’s consultation on the Financial Services Compensation Scheme are three key trends expected to influence the insurance market over 2017.
Barbican Protect sets up marine division for UK SME market
Following Barbican Protect's, decision to launch a marine insurance division targeted towards the UKs SME market, Sarah Joiner has been appointed as marine underwriter.
Blog: What brokers can do to tackle SME underinsurance
Many small and medium-sized enterprises are not sufficiently protected against the risks they are most concerned about - and brokers can help fix that.
RSA urges government to support SMEs
Over half of UK SMEs think the government is not doing enough to help businesses grow, with seven out of 10 expecting their revenues to fall or stand still in 2017.
Six out of 10 brokers do not see Brexit as a threat
More than six out of 10 brokers do not see Brexit as a threat, research has revealed.
Spotlight: Motor Data: Increasing data use in the van sector
Van insurance is often purchased by sole traders in the same way as household insurance but data in this sector lags behind the rest of the personal lines sector. What can the sector do to catch up?
Brokers on government SME advisory panel
Insurance brokers have been given a seat on an advisory panel put together by The Cabinet Office under plans to boost government spending with SMEs.
Growth in SME market could offer opportunity for insurers
The UK small and medium-sized enterprises insurance market has continued to grow in light of a growing economy which has facilitated an increase in the number of enterprises and the opportunity to sell commercial insurance.
SMEs will be hit hardest by a UK terror attack
Small and medium size enterprises will be hit hardest in the event of a terrorist attack in the UK, according to Pool Re’s Quarterly Threat Report.
RSA opens Birmingham trading centre
RSA has opened a new commercial trading site in Birmingham, following the closure of its former office in the city earlier this year.
Week in Post: Moving house, losing trust, and diversity
Having recently moved from the outskirts of London to Somerset to increase my rebellious teenage son's chances of staying at school, I now understand why Londoners might be considered slightly arrogant.
Video: SME underinsurance with Harriet Conway
With more than five million SMEs in the UK and a recent warning that up to 40% of these may be underinsured, it is time for the insurance industry to step up and start tackling this rising problem.