Allianz
Allianz to ditch condition of average for underinsured SMEs
Allianz will remove the use of averages for SMEs that are underinsured despite recognising such a move could affect its trading results, the insurer announced among other measures today (25 January).
Government challenged to instigate fraud taskforce recommendations
The insurance industry has praised the final report of the Insurance Fraud Taskforce with the mantle now passed to government to work on implementing the suggested reforms.
C-Suite - Insurer: A climate of hope
Following the floods, the COP21 agreement offers a glimmer of optimism over climate change
Allianz backs Thatcham stance on fitting AEB as standard
Allianz has backed calls by the motor insures’ research facility Thatcham for automated emergency braking technology to be fitted as standard to all new cars sold in the UK.
BI remains top global risk while cyber is UK's biggest threat
Business interruption is the top global risk for the fourth year running, according to the Allianz Risk Barometer 2016, with cyber attacks, geo-political instability and technology failure identified as new possible drivers of BI losses.
Business interruption from cyber attacks a growing concern, says AGCS
Business interruption is the top risk globally for the fourth year in succession according to Allianz's Risk Barometer 2016 - an annual survey of risk managers.
Storms' insured loss estimate increases to £1.4bn
Latest estimates from accounting firm PWC suggest insured losses from storms Desmond, Eva and Frank, which battered the UK in December 2015, could reach £1.4bn as Prime Minister David Cameron yesterday (3 January) pledged £40m to repair and improve flood…
Insurers urged to keep abreast of construction sector developments
Allianz and Euler Hermes are urging insurers and brokers to keep up-to-date with changes in the construction industry following the publication of a joint report.
New CEO for Nordics, Russia and Turkey at AGCS
Peter Hecht-Hansen has been appointed CEO of Nordics, Russia & Turkey at Allianz Global Corporate & Specialty, subject to regulatory approval.
Review of the Year: General Insurance
The past year has been a rollercoaster ride for general insurers, with tough market conditions serving as a backdrop for highs, such as strategic consolidation and a £1bn whiplash windfall, and lows, including the Insurance Premium Tax hike and struggles…
PI and D&O targeted as cybercrime exposures continue to grow for insurers
Cybercrime claims are having an impact on an increasing number of business areas, with market commentators citing professional indemnity and directors' and officers' as two markets that are becoming more vulnerable to the impact of cyber-attacks.
Expertise From A-Z: Full Year Market Spotlight – The Game Changers
How will changes during 2015 impact the industry in the coming year?
Allianz apppoints Smith and Abboud to its board
Allianz Insurance has appointed Stephanie Smith and Jacob Abboud to its management board, to replace John Knowles who has decided to retire from the business.
Power hour: Finding a foothold in fleet
With constant pressure on rates, insurers pulling out of the market and the rise of technology such as driverless cars, there are lots of opportunities, as well as pitfalls, in fleet insurance
Expertise From A-Z: The future of fleet
Our expert panel examines the future for commercial fleet broking.
Man-made BI risk greater than threat from natural disaster
Business interruption claims are largely from man-made events despite risk managers fearing natural catastrophes disrupting supply, according to a report by Allianz Global Corporate & Specialty.
Insurance industry praises flood defences as Cumbria faces second deluge in six years
Insured losses in Cumbria caused by Storm Desmond have been tipped to eclipse the £175m of claims from flooding in the area in 2009, but industry commentators have praised the mitigation impact of flood defences.
UPDATED: Sixteen severe flood warnings remain in place after Storm Desmond hits Cumbria
Sixteen severe flood warnings remain in place after Storm Desmond battered Cumbria on 5 and 6 December, with Carlisle, Keswick, Kendal and Cockermouth among the worst affected areas.
Impact Forum: Renewable energy equal with cyber in terms of Lloyd's growth potential
Reneweable energy is among the burgeoning new classes of business in the Lloyd’s and London markets, alongside cyber, it was claimed yesterday at the Post Impact Forum.
Blog: Why seven out of eight hearing loss claims fail
Anger, isolation and depression - the impact of profound hearing loss can be devastating and the insurance industry takes its responsibility to compensate those affected seriously.
C-Suite - Insurer: Standing strong together
Regulation of CMCs is welcome, but the industry can also do its bit to show it isn’t a pushover.
Market Moves - 3 December 2015
All the movers and shakers in the market
Industry disputes claimant solicitor criticism of move to 'care, not cash' claims model
Criticism of the government’s acceleration of personal injury reforms in the motor market by the claimant legal fraternity has been dismissed by the wider insurance industry, which has welcomed a shift in claims from cash to care.
Allianz Retail technical director Tom Moss to depart
Allianz Retail’s technical director Tom Moss will leave the business with director broker and corporate partner Simon Brimicombe to fill the role in the interim.