Ageas
Ageas UK grows profits as Watson hails upward motor pricing trend
Ageas UK has reported an increased net profit for the six months ended 30 June 2015 to £29.5m (H1 2014: £25.3m) and an improved combined operating ratio of 98.3% (H1 2014: 100.7%).
Young driver IPT exemption unlikely despite positive government talks
Hopes of securing an exemption from the insurance premium tax hike for young drivers are dwindling, despite “constructive” talks between industry figures and the Department for Transport last week.
Blog: Why £200m Nationwide household loss might not be a big deal for DLG
Direct Line Group CEO Paul Geddes was bullish today when the insurance group released its half year results.
CHO hits stalemate with insurers over 2015/2016 GTA rates
Insurers and the Credit Hire Organisation have reached a stalemate over the revised General Terms of Agreement rates for 2015/2016 amid uncertainty surrounding the true minimum cost of credit hire.
Sun Life launches into GI market with appointment of Stanney
Ex-Castle Cover products director Simon Stanney has been hired to spearhead Sun Life’s foray into the general insurance market.
Ageas ups uninsured drivers' fight with police partnership
Ageas has sponsored a Hampshire Constabulary police vehicle fitted with automatic number plate recognition technology to help identify uninsured drivers.
Sure Thing plots recruitment drive after promising first year
Scottish-based motor broker Sure Thing claims it has outstripped pre-launch sales predictions by 190% after achieving 80,000 live policies in its debut year, with continued growth expected to lead to a boom in recruitment.
Rias warns against lack of cover for summertime lightning strikes
Homeowners should ensure their properties are adequately covered against the threat of summer lightning strikes, over-50s insurance specialist Rias has advised.
Ageas plots Hong Kong sale
Ageas is planning to sell its operations in Hong Kong in a deal valued at more than $1bn (£639m) according to reports.
Shock IPT raise - more reaction
The insurance sector is still reeling after George Osborne's Budget announcement to raise insurance premium tax by more than 50% from 6% to 9.5%.
Roundtable: Big Data: What can big data do for the insurance industry?
With big data playing a bigger role across all industries, the big question is what it can do for the insurance sector?
Insurers advised to prioritise Flood Re access as April inception looms
Insurers run the risk of losing out to faster-moving rivals if they do not prioritise being able to access the Flood Re scheme ahead of its April 2016 inception.
Cost of data-sharing a thorn in the side of telematics' mainstream potential
The mainstream adoption of telematics remains an unlikely prospect, according to market commentators, as the industry struggles to overcome the price tag older drivers place on their data.
Roundtable: Telematics: a move into the mainstream
Will the falling cost of telematics devices see the technology move away from exclusively targeting young drivers and into other sections of the motor market?
FWD’s Gaughan, Ingenie, LV and Aviva among winners at first Insurance Marketing and PR Awards
FWD founder Michael Gaughan was crowned the winner of the achievement award at the inaugural Insurance Marketing & PR Awards this afternoon.
Industry defends data collection practices in light of CMA report
Insurers have defended their data collection processes following the publication of a critical Competition and Markets Authority report and calls from a consumer champion for greater transparency around how telematics data is used.
Brokers urged to up SME business travel offering
Brokers are being encouraged to consider business travel insurance as part of their SME proposition after Ageas research found 18% of SME firms that travel for business do not have such cover in place.
Geoff Carter resigns from Tesco Underwriting
Tesco Underwriting has announced the resignation of Geoff Carter, CEO, who will take up another senior position within the industry later this year.
C-Suite Broker: Just a little respect
The industry already provides excellent service, but joined-up thinking will lead to mutual respect, says Francois Xavier Boisseau.
Market Moves - 11 June 2015
Keep abreast of the insurance market's movers.
FCA reconsiders claims ratios for add-on products following industry backlash
The Financial Conduct Authority has backed down from its intention to require general insurers to publish claims ratio information for add-on products and plans to publish a discussion paper addressing alternative options in “the coming weeks”.
National Windscreens seals Ageas deal
National Windscreens has been named the sole supplier for all repair and replacement jobs booked through Ageas customers.
S&P grants Ageas A- rating with a positive outlook
For the first time since it withdrew its public information ratings in November 2014, Standard and Poor's has assigned Ageas an interactive rating of A- with a positive outlook.
Penny Black's Insurance Week - 21 May 2015
Penny loves a good freebie so she's always ecstatic when the British Insurance Brokers' Association conference rolls around each year - one can never have too many stress balls,teddy bears and top hats.