Personal
Admiral profitability 'under pressure'
Admiral’s “unprofitable foreign growth” does not compensate for the “fast-declining” UK profitability, according to a scathing analysts report.
British Gas joins forces with Axa to launch home insurance offering
British Gas is offering home insurance for the first time After joining forces with Axa Direct & Partnerships.
Admiral reports 9% fall in UK turnover
Admiral chief executive Henry Engelhardt has said that now "is not the right time to grow" its market share in the UK after turnover fell 9% to £470m (Q1 2012: £518m) in the first quarter of this year.
Collinson sets sights on Aria acquisition
The Collinson Group is to acquire Aria Assistance in a deal that will add £50m gross written premium to its balance sheet.
Brokers urged to be mindful of new legal act
Insurers need to keep clearer records to aid in potential claims disputes following the introduction of the Consumer Insurance Act, according to industry observers.
Law Society defended in face of petition demanding new leadership
Claimant solicitor bodies acknowledge society is in ‘very difficult position’
Moody’s downgrades Towergate after patchy 2012 financial results
Towergate’s financial results for 2012 have revealed vastly divergent performances among its four main insurance divisions, ranging from a 24% year-on-year drop in earnings in its network arm to a 17% rise in underwriting earnings.
Editor's comment: Industry image problem enduring
Insurers face an uphill battle in trying to improve their public image at the best of times, and the latest round of job cuts and news of redundancy term changes at insurance giant Aviva will do nothing to help their cause.
Post Claims Club: Claims forms need a rethink to obtain honest answers
Insurers’ claims forms encourage dishonest answers from policyholders, according to Consumer Intelligence chief executive Ian Hughes.
2013 British Insurance Awards shortlist announcement at noon today
Today at noon Incisive Media insurance division editor-in-chief Jonathan Swift will unveil the nominees for the 2013 British Insurance Awards.
North of Border: Golf swing sees liability fall to club
On 10 August 2007 Anthony Phee was playing golf with three friends on the Niddry Castle course.
Interview: Frank Pinder: leading the fraud fight
With US investigation specialist Global Options seeking to bring its zero-tolerance approach to insurance fraud across the pond, its president explains why regulation and professionalism are key to better detection
Market Moves: Ace, Bluefin, LV and Charles Taylor Insurance make new hires
It was honours even between the insurer and the broking sectors this week, with Ace once again leading the way for insurers with a couple of key hires.
Ifed raid: Joining up with the front line
When it comes to the industry-funded Insurance Fraud Enforcement Department, market attention normally focuses on the severity of the sentences handed down to ghost brokers and crash-for-cash fraudsters. Callum Brodie joined the Ifed team for an early…
From the Belgrano to Brighton: An insurance boss's lunch with Lady Thatcher
On the day of her funeral, Postonline reports the recollections of one senior industry figure's lunch with Lady Thatcher.
Post magazine – 18 April 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
In Series: Personal Lines: First line of defence
Insurers should embrace the power of data to detect and prevent fraud at an early stage.
View from the Top: Protect young drivers now
We need a combative strategy to reduce the risk of catastrophic accidents, says Tom Woolgrove, managing director of personal lines, Direct Line Group.
Expert Analysis: Making changes
Price comparison sites are making changes to the way they operate, embracing telematics and moving into new product lines.
Post magazine – 11 April 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Insurers refuse to back government plan to extend Statement of Principles
Insurers have declared they are unwilling to green-light a temporary extension to the Statement of Principles unless the government provides “a definite commitment” that a long-term flood risk solution is imminent, after Environment Secretary Owen…
In Series: Balancing act
Personal lines insurers must be careful to ensure their desire to harness the power of data doesn’t get in the way of treating customers fairly.
Website review: More Than’s site less than adequate
Loading times of up to 14 seconds contribute to site’s low score, says Gomez.
In Series: Personal Lines: Proceed with caution
As well as the benefits offered by increased data usage, personal lines insurers must consider its many pitfalls.