News
Your 'business as usual' March digest
We understand that while it’s important to keep bringing you up to date and important news on the Covid-19 pandemic and its impact on the industry, it’s also critical, especially while homeworking, to know what's happening outside of this. With that in…
Blog: Insurers take coronavirus BI rap for now, but will banks emerge as the real villains of the piece?
With business interruption payouts (or lack thereof) in the spotlight, news editor Jen Frost asks whether the banks are about to take over from insurers as public enemy number one.
Motor insurers vow to support NHS volunteers who undertake unpaid activities
Motor insurers have confirmed that those volunteering for NHS services don't need to change their motor policies or contact their insurer to update them with their activities.
CII boss Sian Fisher on reacting to the coronavirus crisis
There have been three occasions when Sian Fisher, CEO of the Chartered Insurance Institute, went to the office and thought “things will never be the same again”.
Tribunal dismissed Eldon and Leave EU bias and unfairness claims despite ICO handling errors
While it acknowledged issues with the Information Commissioner's Office's handling of Eldon and Leave EU fines and audit notices, a tribunal has found its actions did not amount to bias, procedural unfairness or unlawfulness.
Motor Mouth Podcast 9: Claims culture or no claims culture? Motor insurance and the whiplash reforms
Jonathan Swift, content director at Insurance Post, speaks to Matthew Maxwell-Scott, executive director of the Association of Consumer Support Organisations, to get his insight and thoughts on the reforms, where the challenges still lie and, with the…
Scor postpones under fire AGM due to coronavirus
Scor has postponed its annual shareholders’ meeting, scheduled for 17 April, until 30 June due to difficulties posed by the coronavirus pandemic.
Andy Haste to take over from Sir Peter Wood as Esure chairman
Direct Line and Esure founder Sir Peter Wood is stepping down as chairman of Esure with immediate effect, with Andy Haste named as his successor.
Analysis: After the flood
Storms Ciara and Dennis hit the UK on 8 and 16 February respectively, contributing to what was the wettest February since 1862. Post looks at the impact of the storms
ABI promises ‘best endeavours’ on data for Treasury Committee’s Covid-19 questions
Huw Evans, director general of the Association of British Insurers, has flagged that the trade body does not collect most of the data requested in a series of questions by Treasury Committee chair Mel Stride on the industry’s response to the coronavirus…
Activist investor renews pressure on Scor over 'unjustified' AGM slot
Investment fund CIAM has renewed its pressure on Scor ahead of the reinsurer’s annual general meeting on 17 April, calling for the firm to publish a succession plan for its CEO position.
This week: Following the herd
Following sunny weekend scenes of revelers and holidaymakers, packed out tubes and stockpiling shoppers, at the start of this week the UK finally entered something vaguely resembling a lockdown.
Chubb responds to Maze ransomware hack claims
Leading cyber insurance specialist Chubb has been targeted by hackers who claim to have encrypted files and stolen data.
Aon-WTW merger expected to continue unabated despite pandemic
The deal struck between broking giants Aon and Willis Towers Watson to combine to form the world’s largest insurance broker is unlikely to be jeopardised by the coronavirus pandemic, a corporate advisory expert has told Post.
Insurance gig economy services hit pause with self-employed government grants expected in June
The government today announced additional financial measures to help the self-employed, with insurance gig economy platforms We Go Look and Shepper having hit pause on jobs earlier this week.
Lloyd's details coronavirus impact as it posts 2019 profits
The insurance industry must get better at explaining the products it offers, Lloyd’s CEO John Neal said, as the market’s aggregated results for 2019 showed it returning to profit on the back of large investment earnings.
Treasury Committee questions ABI on coronavirus response
Treasury Committee chair Mel Stride has asked Association of British Insurers director general, Huw Evans, to address queries on the insurance response to the coronavirus pandemic.
Ardonagh posts Ebitda surge as it sees £74m loss for 2019
The Ardonagh Group reported a loss after tax of £74m and an increase in Ebitda to £115.3m for the year ended 31 December 2019, up from £29.7m in 2018.
Gefion ordered to stop writing business by Danish regulator
Gefion Insurance has said it will appeal after the Danish Financial Supervisory Authority rejected its recovery plan and ordered the company to stop writing business.
Ageas cuts repair times by a week as its unveils Tractable-powered policyholder app
Exclusive: Insurtech Tractable claims it has significantly reduced the key-to-key time for vehicle repairs for client Ageas by at least a week using the latest iteration of its AI technology.
Government suspends gender pay gap reporting
The Government Equalities Office and the Equality and Human Rights Commission have suspended the gender pay gap reporting deadlines for 2019/20 due to the coronavirus outbreak.
Insurers not expected to penalise motorists over coronavirus MOT exemptions
The insurance industry will not look to sanction motorists who do not get MOTs carried out under a six-month government exemption due to coronavirus, the Association of British Insurers has confirmed.
Health insurers urged to be flexible after ‘historic’ NHS announcement
The Association of Medical Insurers and Intermediaries has called on all firms to come together to tackle the Covid-19 crisis after the announcement by the government that the private sector is making almost its entire capacity available to the NHS.
FSCS pays £5.6m to cover first 100 Elite claims
Following insurer Elite entering administration the Financial Services Compensation Scheme has paid out £5.6m towards claims.