Allianz
Market Moves - 23 April 2015
Who has moved where in the industry this week.
Market Moves - 16 April 2015
Who has moved where this week in the insurance industry.
Jargon: Beat the bull
Insurers need to make sure their communication is crystal clear and jargon-free, or face the fallout from consumers and regulators.
Injury claim judged to be 'fundamentally dishonest'
A judge has found a woman's injury claim against her employer to be fundamentally dishonest.
Germanwings loss to maintain aviation market pricing pressure
Pricing in the aviation market is expected to remain competitive in spite of the Germanwings crash on 24 March, according to AM Best.
Koh excited by Generali Asia marketing role
Tricia Koh has been confirmed as Generali Asia's head of value proposition and marketing after joining from Allianz Global Corporate & Specialty last December.
Vulnerable Customers: Protecting the vulnerable
A recent Financial Conduct Authority report found that financial companies are not meeting the needs of the more vulnerable customers in society – so what are insurers doing to help combat this?
AGCS hires first UK-based cyber risk consultant
Allianz Global Corporate and Specialty has appointed Rishi Baviskar as its first UK-based cyber risk consultant.
Industry should prepare for $1bn container ship loss, says AGCS
After a 80% plus increase in container ship capacity in a decade, Allianz Global Corporate & Specialty is warning of some significant loss events to come.
Allianz confirmed as lead insurer for Germanwings plane crash
Allianz is the lead insurance underwriter for the Germanwings Airbus A320 plane which crashed in France on Tuesday.
Insurance Census - Ethnicity: Minority report
In the final part of the Insurance Census, Post looks at ethnic diversity in the insurance industry – and how the sector can improve.
International: Microinsurance: Starting small
How will the new microinsurance incubator launched by the World Economic Forum impact on lower-income communities, and what are other insurers doing to cater for this group?
Allianz and Irwin Mitchell launch ATE product for negligence claims
Allianz has launched an after-the-event insurance product in partnership with law firm Irwin Mitchell to facilitate professional negligence claims against solicitors.
Europe: Natural catastrophes - more than storms in a teacup
‘Acts of God' were relatively benevolent last year, with insurers more stirred than shaken by reported losses.
Allianz launches PI product for e-trading platform
Allianz has launched a new e-traded professional indemnity product for the UK broker market.
Arson: No smoke without fire
While fire risk has dropped considerably over the past decade, almost half the £1bn paid out in fire claims each year is as a result of deliberate acts. So what can be done to reduce the losses caused by arson?
Laspo benefits questioned as industry rallies behind Aviva whiplash proposals
Insurers have backed Aviva's proposals to reduce the volume and cost of whiplash claims against a backdrop of criticism around the effectiveness of the government's civil justice reforms and aggressive tactics by third parties.
Insurers fear 'floodgates' will open if scope for psychiatric claims is widened
Insurers have expressed concern that Association of Personal Injury Lawyers proposals to broaden the scope of who is able to lodge a claim for psychiatric harm could “open the floodgates” to spurious claims.
Insurance Census - Gender: Mind the gap
The insurance industry is showing signs of improvement when it comes to gender equality, but it still has a lot of work to do
Roundtable - Insurance Act: Facing up to the challenges ahead
Having been granted Royal Assent last month, the replacement for the Marine Insurance Act 1906 will come into force in August 2016. How will the industry cope with adapting to the reforms?
Allianz's Asia-Pacific profit recovers
Allianz's operating profit in Asia-Pacific climbed 17% to €429m (£309m) last year compared with 2013.
International: A shortage of talent
With the number of qualified claims adjusters in Singapore falling by one-third over the past 10 years, the country is facing an acute shortage of talent
Laspo 'unwinding' will impact motor rates, claims Dye
The long-term success of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 could be in doubt, with signs showing an “unwinding” of the reforms designed to tackle motor claims inflation, according to Allianz UK CEO Jon Dye.
Profits down at Allianz UK despite 12% increase in 2014 GWP
Allianz UK CEO Jon Dye has heralded his firm's 2014 results as being "well ahead of our expectation", despite seeing operating profit before tax fall and the retail business suffer an underwriting loss.