News
Digital Bar Quarterly: How can insurers optimise a multibrand strategy with greater UX differentiation?
Insurance companies replicating their quote and buy journeys across multiple brands are missing significant opportunities. Jamie Bayliss, consultant at Altus Consulting, shares his observations and outlines how they could overcome this efficiently…
R&Q separation plans attract rating agency scrutiny
AM Best put the credit ratings of R&Q and three of its subsidiaries under review with negative implications.
Paying all Ukraine war claims would bankrupt insurance industry, warns Howden
The insurance industry would be bankrupted if it were forced to cover all losses associated with the war in Ukraine, David Howden has warned.
CFO reveals how Aviva is combatting claims inflation
Aviva's chief financial officer Jane Poole has revealed how the insurer’s operations are preventing it from falling foul of claims inflation like rival Direct Line Group.
Clash with CII prompts PFS to launch review
The recent decision from the Chartered Insurance Institute to appoint three new institute directors to the PFS board in December last year, prompted PFS to launch independent review.
Founding NZIA members drop out of the climate initiative
Zurich is the second Net-Zero Insurance Alliance member to quit the initiative, days after Munich Re.
Five key takeaways from the FCA's business plan
The Financial Conduct Authority's Business Plan for 2023 to 2024 detailed plans for the regulator to check the finances of brokers as well as MGAs in the year ahead.
Gallagher buys Buck; Pen’s latest deal; Spring’s commercial PI binder
Friday Round-Up: Ahead of Good Friday and the Easter Bank Holiday, Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Court ruling reduces risk of unexpectedly high credit hire bills
A landmark High Court ruling means credit hire organisations will now need to properly address the issue of impecuniosity at the pre-litigation stage with insurers.
British Insurance Awards 2023 shortlist revealed
The shortlist of the 29th British Insurance Awards, which will take place at the Royal Albert Hall on 5 July, is announced today.
Nirvana director claims MGAs have a recruitment edge
Managing general agents have an edge over traditional carriers when it comes to recruiting top underwriting personnel, a director of aspiring multiline underwriter Nirvana has told Insurance Post.
Calls for e-scooter rules in UK to avoid a repeat of Parisian ban
After Parisians voted to ban rental e-scooters in their city, lawyers have called for lessons to be learned from fatal crashes in France and for comprehensive UK legislation to avoid a similar outcome here.
Esure chief says plummeting profits won’t derail digital ambitions
Esure chief executive David McMillan revealed the provider will press ahead with the £140.6m digital transformation programme despite posting a £29.1m loss for 2022.
LV catches out lawyer who exaggerated her symptoms
A non-practicing lawyer from Merthyr Tydfil who attempted to claim more than £250,000 from LV for injuries resulting from a vehicle collision has had her call for compensation thrown out.
Cila begins search for executive director as David Ross departs
David Ross has stepped down as executive director of Chartered Institute of Loss Adjusters.
Ombudsman expects uptick in insurance complaints
The Financial Ombudsman Service expects the number of general insurance complaints it receives to go back to pre-pandemic levels in the year ahead.
Esure bosses blame claims inflation for £29.1m loss
Esure posted a £29.1m loss for 2022 with bosses blaming significant claims inflation, a weak pricing environment, increased weather-related home claims, plus motor claims going back to pre-Covid levels.
WTW partners with Sapiens; Zurich expands regional network; Pen UW creates head of IP
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Lockton suffers exodus as ‘at least ten’ leave for Ardonagh
Insurance Post understands a substantial number of Lockton’s Global Financial Institutions team have all resigned to join Ardonagh’s Bishopsgate.
Film and TV insurers grappling with fresh virtual production risks
Insurers and brokers working with film and TV productions are racing to grasp to risk implications of the biggest technological change in filmmaking in decades.
Chubb transitions to climate-focused underwriting criteria
Chubb changed its underwriting criteria for oil and gas extraction projects in a bid to help stop global warming.
Insure Our Future sends open letter to 30 fossil fuel insurers
Campaigners from Insure Our Future wrote to chief executives of 30 insurance companies pleading them to “scale up efforts” to avoid an “unmanageable” climate breakdown.
Martin Lewis’s charity outlines steps for Consumer Duty compliance
A charity established by campaigning journalist Martin Lewis has urged insurers to provide mental health training for underwriters and frontline staff if they wish to adhere to the FCA’s Consumer Duty requirements.
RSA exits UK personal lines motor market
RSA is to exit the UK personal lines motor market following a thorough review, it announced with parent company Intact.