News
Simplifai’s AI tool; Howden’s telematics app; A-One joins Brokerbility
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Better staff training needed for insurers to be more dementia-friendly
The Alzheimer’s Society has claimed that while the insurance industry is showing willingness to learn, better staff training is needed if it wants to become more dementia-friendly and help vulnerable customers.
Insurance veteran Sir David Brewer dies
Sir David Brewer, a former Lord Mayor of the City London and former president of the Insurance Institute of London, has died aged 83.
Simon McGinn to step down as Allianz Commercial CEO
Simon McGinn, chief executive of Allianz Commercial, is set to step down on 1 July, the insurer announced.
Insurers putting ‘words into action’ utilising generative AI
More than half of insurers are already using generative AI in their organisation, according to research from Sprout AI and Opinum.
Best Insurance Employer – 2023 BIA shortlists revealed
We can today reveal the 12 firms that have been shortlisted for the two Best Insurance Employer categories at the 2023 British Insurance Awards.
Deadline for the 2023 Claims & Fraud Awards days away
The deadline for the 2023 Claims & Fraud Awards is just days away if you want to be in the running to win one of these prestigious prizes [5pm on 2 June].
Antitrust concerns flagged as more members leave NZIA
Three more insurers have left the Net-Zero Insurance Alliance after US state attorney generals said NZIA commitments may “violate" state and federal antitrust laws.
Court slices Pizza Express’s Covid BI claim
Pizza Express’s hopes of winning a payout in the tens of millions for Covid 19-related business interruption losses have been dashed by a High Court judgment.
Former Prudential CEO elected Hiscox chair
Hiscox looked externally to hire its chair for the first time in the company’s history, as Jonathan Bloomer becomes chair designate.
Admiral founder warns clock is ticking on car insurance
Henry Engelhardt, founder and former chief executive of Admiral Group, warns the “clock is ticking on car insurance”.
Zurich and Core Logic partner; Marshmallow secures extra funding; Lloyd’s appoints CUO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Two founding members remain as Allianz and Axa leave NZIA
Allianz and Axa have both decided to leave the Net-Zero Insurance Alliance, meaning just two founding members remain after three leave in one day.
Climate activists let off smoke bombs outside Lloyd’s
Climate activists gathered outside Lloyd’s of London in the run-up to today’s AGM, letting off smoke bombs and chanting “Stop Adani” as well as “Stop Eacop.”
Scor leaves NZIA and commits to Norwegian gas and oil exploration
Reinsurer Scor has become the latest founding member to leave the Net-Zero Insurance Alliance, CEO Thierry Leger announced at the company’s annual general meeting.
Many Pets exits Swedish market as problems pile up
Many Pets’ partnership with Great Lakes SE in Sweden has ended, and as a result, the provider is withdrawing from the Swedish pet insurance market, Insurance Post can reveal.
Climate activists hit Lloyd’s insurers ahead of AGM
Climate activists targeted Lloyd’s insurers backing fossil fuel projects around the world ahead of its annual general meeting later today, with more disruption planned.
Amazon Insurance Store adds first provider since initial launch
After launching with three insurers in October 2022, the Amazon Insurance Store has now added a fourth.
Steve Treloar to step down as LV CEO
Steve Treloar, chief executive of LV GI and Allianz Personal, is leaving the business at the end of June.
NFU Mutual catches fraudster who tried to claim £54K for gardening
An insurance fraudster who tried to claim £54,000 for 40 years’ worth of gardening was found fundamentally dishonest by a judge and added to the insurance fraud register.
Insurers slammed for ‘abandoning net zero targets’ to back Nordic gas and oil exploration
Greenpeace says insurers are prioritising “dirty profits” over the future of the planet as it names 69 insurers involved with a gas and oil exploration project in Norway.
Admiral enters connected car telematics market
Admiral has teamed up with car manufacturer Ford and telematics provider Redtail Telematics to produce one of the UK’s first connected telematics motor insurance products.
Consilium to build specialism division around new hire
Paul Richards, co-chief executive of broker Consilium, shared his plans to build a new cyber, tech and fintech division around Elmore Insurance Broker founder Tom Abbotts.
Swiss Re joins Net-Zero Insurance Alliance exodus
Swiss Re has joined Zurich, Hannover Re and Munich Re in turning its back on the Net-Zero Insurance Alliance.