Association of British Insurers (ABI)
Amanda Blanc-led review finds flood cover dearth
A flood insurance review led by Aviva CEO Amanda Blanc has found that a significant proportion of households eligible for Flood Re supported policies are not offered flood cover.
Penny Black's Social World: November 2020
Mental health, young drivers and charitable donations.
BI reputation hit to be felt by all but motor initiatives could soften impact, says ABI GI head
Reputational damage from Covid-19 can be expected across all lines of insurance, but initiatives introduced by motor insurers at the beginning of the year could soften the blow, an Association of British Insurers representative has suggested.
Insurers criticised for furlough payment deductions from BI claims
Insurers have been accused of “banking government money to reduce their loss by increasing the policyholder loss” as they faced criticism for deducting furlough payments from the value of business interruption claims.
Ageas’ Ant Middle on social responsibility
While the pandemic has brought heartache in so many forms, it has also ignited real positivity through the ways people have supported one another like never before, says Ant Middle CEO of Ageas UK.
Future Focus 2030: The eco-system revolution
As part of a monthly series, Post looks into the future at how the insurance industry might change, focusing on a specific issue. For this instalment David Worsfold looks into the evolution of insurance eco-systems
Blog: When the wind blows
October can be one of the worst months for hurricanes in the US. While Atlantic hurricanes tend to become tropical storms by the time they reach the Irish or British coasts, the increase in ocean temperatures means there may be more chance of hurricanes…
Q&A: CILA president and Crawford chief ethics officer Shaun Kelly
As the Chartered Institute of Loss Adjusters looks set to change its charter and by-laws to be more inclusive, its president Shaun Kelly talks to Jonathan Swift about why the value proposition of the loss adjuster and ethics are so important to him
Solvency II review to be tempered by equivalency considerations
Possible changes to the prudential regulations governing UK insurers could be limited by a desire not to stray too far from the EU’s Solvency II regime, a partner at Mazars has told Post.
Analysis: Cladding, waking watches and PI - the ongoing fire safety liability battle
Insurers are facing criticism from residents of high rise buildings over insurance costs, waking watch requirements and taking an overly "binary" approach, while professional indemnity insurance access is driving a fire risk assessor crisis.
No discount rate change for NI yet as country looks to Scottish model
The Department of Justice for Northern Ireland has decided against changing the country's personal injury discount rate until a revised legal framework is in place.
Analysis: An insurance fraud epidemic?
The predicted coronavirus-related economic hit is being compared to the 2008 recession, with financial pressure a driver of insurance fraud.
Crêperie's High Court BI case against Allianz thrown out by judge
Deputy Judge of the High Court Richard Salter QC has ruled in favour of Allianz in a business interruption and property damage legal dispute decision which he accepted may be “of consequence for other potential claimants” and “something of a footnote” to…
Have your say: How well are trade bodies and professional associations performing for you?
The coronavirus pandemic has upended how we go about our day to day lives, with organisations forced to rapidly change how they operate while facing new challenges. Against this backdrop, Post wants to find out how your trade bodies and professional…
Insurers extend temporary coronavirus support measures
Pledges made by the Association of British Insurers and its members to assist customers during Covid-19 disruption have been extended until the end of the year.
Scrap IPT for young driver telematics insurance, select committee advised
Brokers called for the government to introduce a zero-rate insurance premium tax for young driver telematics policies in oral evidence at the Transport Committee’s inquiry into road safety and young and novice drivers.
Insurers commit to Race at Work Charter
The Association of British Insurers and 32 of its members have signed up to Race at Work Charter, as part of an industry-wide commitment to improve opportunities for Black, Asian and minority ethnic colleagues.
Editor's comment: What a difference a year makes
I’m a firm believer that even when you are facing your darkest days things will be better on the other side and good things will always follow.
Top 100 UK Insurers 2020
The 100 largest UK-regulated insurers reported a combined underwriting profit in 2019, albeit lower than in 2018. Bond yields fell in 2019, however, investment earnings benefited from the strong performance of equity markets. How will the impact of the…
Penny Black's Social World: October 2020
Farmlands to forests, the Arctic to the Antarctic and a focus on flooding
Ex-Axa boss Paul Evans named Allianz Insurance and LV GI chairman
Paul Evans, former UK and group CEO at Axa, has been appointed as non-executive chairman of Allianz Holdings.
RSA’s Adele Sumner on the evolving challenge of fraud during the pandemic
Adele Sumner, head of counter fraud strategy and financial crime at RSA, details how fraudsters have been diversifying their techniques during the coronavirus pandemic and the steps insurers can take to fight the scams.
Government hits out at insurers over grant deductions from BI claims
John Glen MP, economic secretary to HM Treasury, has rebuked insurers deducting government grants from business interruption claims payments and warned of further action.
Trade Voice: Sam Elsby, Apil
Association of Personal Injury Lawyers president Sam Elsby reflects on the need for collaboration between the representatives of claimants and defendants to ensure the best outcomes for injured people, both during and beyond the coronavirus pandemic.