Axa
Driverless cars: Driving change
Rapid advances in automotive technology mean that, within a generation, the future of autonomous vehicles and driverless cars could become a reality. What will that mean for the insurance industry?
Market Moves - 26 February 2015
All the latest job moves in the insurance market.
Charlin moves to Axa UK investment officer role
Bruno Charlin has been appointed Axa UK chief investment officer; having moved over from his role at Axa Group.
Axa tipped to make £300m bid for Pinnacle plot
Axa is poised to buy the site for what was intended to be London’s tallest skyscraper, according to reports.
Editor's comment: It’s time to seize the day
Insurance is traditionally known for being a slow moving market, which takes its time and waits to be issued with regulation and guidelines.
Insurers quick to implement changes as wave of legislation arrives
Insurers have been quick off the mark to ensure their businesses comply with the Insurance Act before it comes into effect in August next year.
CMCs to blame for soaring PL and EL claims against SMEs, states Axa boss
A significant rise in the number of employers’ liability and public liability claims made against SMEs over the past five years is the result of “opportunistic” claims management companies shifting their focus from motor claims.
Calls for backdating of 100% meso compensation opposed by insurers
Insurers and defendant lawyers have rejected calls for the 100% compensation level for the diffuse mesothelioma scheme to be backdated and for it to include other asbestos-related cancers, as doing so would be too problematic.
Insurers clamour for industry standard on premium comparison
There is a groundswell of support among insurers to establish an industry standard on premium comparison at renewal after Axa broke ranks to introduce such a scheme for personal lines customers.
Government launches UK driverless car trials
The launch of three UK driverless car trials has been hailed as a step towards safer roads while research from aggregator Uswitch has revealed half of UK consumers would be unwilling to be a passenger in such a vehicle.
DIS 2015 - Speaker: Gordon Rutherford: head of marketing & e-commerce, Axa
Gordon Rutherford heads up marketing & e-commerce for Axa Business Insurance.
Cedants less likely to transfer business to reinsurers, says AM Best
Europe’s 20 largest cedants are benefitting from lower reinsurance rates and stronger bargaining power according to ratings agency AM Best.
Q+A: De Ferrieres' Asia digital start-up
Matthias de Ferrieres left Axa last year to set-up Stark Group, a digital start-up insurance firm, based in Singapore. Post asked his aims.
Towergate tipped for future sale despite debt-for-equity deal
There is “no question” Towergate will be up for sale once again in the coming years, according to market insiders, who believe the swift appointment of a CEO is paramount following this week’s debt-for-equity deal.
81% want tighter regulation over CMC calls
More than 80% of Britons want telemarketing firms working with claims management companies to face closer regulation and bigger fines, while 63% want unsolicited CMC communications to be made illegal, according to a study from Axa.
Insurers support mooted stress working party amid fears of claims surge
The creation of a working party to co-ordinate and develop management of workplace stress has been backed by insurers, following warnings the industry is in danger of “sleep-walking into an increasing flood of claims”.
In Series: Corporate Risk: Threats on the radar
Insurers can help companies with their risk management strategies by offering products that anticipate the challenges of the future
Insurance CEOs: Picking the perfect candidate
Hiring a new CEO can be a problem for an insurance company, with standards of demonstrated experience continually rising and the regulator wielding its influence over appointments. So, how do they pick the right person for the job?
Commercial growth taking off at Arc Legal after Axa and LV deals
Arc Legal managing director Helen Withers is confident the legal expenses firm will reach the target of tripling the size of its commercial book this year after signing deals with Axa and LV.
Axa claims merger results in middle management job cuts
The merger of Axa’s UK claims division into a single operation has been completed at the expense of up to 13 middle management redundancies.
Digital Distribution Strategies: Walking with dinosaurs?
The challenges insurers face as customers embrace the ‘omnichannel experience’ are enormous. How can they move from a disconnected multichannel approach to a genuinely integrated service before they face extinction?
Bricklayer gets suspended sentence for bogus £200,000 claim
A bricklayer who attempted to a claim approximately £200,000 from Axa in a personal injury scam has been handed a six month jail term, suspended for two years, after pleading guilty to contempt of court.
ABI reaffirms two-thirds of industrial deafness claims are rejected
The Association of British Insurers has backed analyst claims that the industry is repudiating roughly two-thirds of industrial deafness claims, despite some firms suggesting rates north of 80%.
Axa Art appoints quartet of regional CEOs
Axa Art has shuffled its global leadership by appointing four new regional CEOs taking their roles with immediate effect.