News
Aviva bets on ChatGPT becoming major sales channel
Aviva expects artificial intelligence-led distribution to become a “material” sales channel for the insurer within the medium-term after becoming the first major UK provider to launch a ChatGPT app.
Allianz Partners enters travel gadget market
Allianz Partners has signed a long-term partnership with travel broker Coverwise to launch gadget protection for UK travellers.
Pothole damage continues to cause headaches for brokers
Potholes are becoming are becoming big problem for UK drivers, in turn giving brokers and claims teams a headache.
Beazley leaning on data-driven underwriting in soft market
Beazley is increasingly pushing a data-driven underwriting approach for SME cyber cover in order to maintain discipline in a soft market.
Page and Kielty to step down as Aon CEOs
Aon has announced the appointment of two co-CEOs for EMEA, meaning both Julie Page and Jane Kielty are to step down as CEOs.
Acrisure blames AI for slashing 2250 jobs
Acrisure is cutting around 11% of its global workforce, after chief executive and co-founder Greg Williams told staff advances in artificial intelligence and technology are reshaping how the business operates and serves clients.
House of Lords to probe insurance market
The House of Lords Financial Services Regulation Committee has today (21 May) launched a new inquiry on the regulation of the UK’s consumer insurance market.
Axa aims to double schemes business
Sarah Mallaby, chief distribution officer and mid-market trading director at Axa Commercial, has revealed the provider is looking to double its schemes business as the firm looks to become a “£2bn business”.
Tokio Marine could deploy $10bn in M&A over next 18 months
Brad Irick, managing executive officer and co-head of international business at Tokio Marine Holdings, has said the business can deploy $10bn (£7.4bn) in M&A transactions over the next 18 months.
Allianz’s Ktenidis looks to ‘dial up’ digital offering
Allianz Commercial’s new chief distribution officer Alex Ktenidis has told Insurance Post that he is looking to “dial up” the digital offering of the insurer.
BPL to launch reinsurance division
Credit and political risk broker BPL is set to launch a dedicated reinsurance division, BPL Re, Insurance Post can reveal.
Q&A: Fiona Marry, Bridgehaven
Fiona Marry, recently appointed European chief executive of Bridgehaven, tells Insurance Post about the company’s international expansion plans and what sets the hybrid model apart.
Tom Needs to leave Applied Systems
Applied Systems Europe CEO Tom Needs is leaving the tech provider at the end of June, with Dave Chapman being named managing director and leading the company moving forward.
Insurers must take ‘vital’ action after climate change report
Insurers have said the industry must take “vital actions” as a government report says the UK should adopt maximum temperature rules among other changes.
Howden launches Web3 risk ecosystem
The broking group has expanded its crypto theft insurance product, bringing together specialist vendors across pre-emptive risk management and post-incident recovery.
Lloyd’s culture head Lomas to exit
Mark Lomas, head of culture at Lloyd’s, is to leave the London Market after four years in the role.
Markel restructures UK business ‘to facilitate growth’
Markel UK has named divisional director of broker, Jo Sykes, as divisional director for commercial lines as part of a restructure of its services division, Insurance Post can reveal.
FCA issues ghost broker warning to young drivers
The Financial Conduct Authority has warned 17 to 25-year-olds about fake car insurance, after research found 49% of young drivers have bought policies through social media.
Ombudsman strengthens approach to vulnerability
The Financial Ombudsman Service is strengthening its approach to vulnerability, and how it supports people where the impact of a financial dispute may be especially severe.
Millions of drivers ‘gambling’ with reduced cover to cut costs
One in seven motor insurance policyholders have cut back on their level of cover over the past two years, according to new analysis, pointing to millions of drivers ‘gambling’ with reduced protection.
QBE sounds alarm over supplier AI cyber exposures
QBE has warned UK businesses could be leaving themselves exposed to supply chain cyber-attacks, with only 28% of companies auditing their third-party suppliers’ artificial intelligence systems despite growing concern over the risks.