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Updated: Insurers will continue to renew annual travel policies amid sales pause
Travel insurers that have pulled their products off the market due to the coronavirus pandemic will continue to offer renewals to existing customers.
Direct Line suspends share buyback as it reports 500% increase in travel claims relating to Covid-19
Direct Line Insurance Group has today suspended its share buyback programme as a result of the volatile conditions arising from the Covid 19 pandemic.
FCA calls on insurers to show 'flexibility' in dealing with customers amid pandemic
The Financial Conduct Authority has said it expects insurers to show flexibility in dealing with customers affected by the coronavirus outbreak.
Zurich UK pulls direct travel insurance
Zurich UK has paused the sale of direct travel insurance to new customers joining a long list of providers reacting to the ongoing coronavirus crisis, Post can reveal.
Analysis: What will the legacy of Covid 19 mean for the future of work as insurance staff migrate from the office to home?
Insurers might be closing their offices in the face of Covid 19, but they are quick to reassure everyone that it is business-as-usual. Jonathan Swift looks at what insurers are doing in the face of unprecedented upheaval and what the legacy might be when…
LV COR slips to 94.9% in 2019
LV General Insurance Group has posted a 13% fall in operating profit to £93m for the year ended 31 December 2019 as Ogden took another bite out of the insurer’s performance.
Experts line up insurance options for government e-scooter consultation
The Association of British Insurers has called for an appropriate regulatory framework to be introduced to keep all road users safe if the government allows micromobility vehicles to be used on the streets.
Telematics Watch: Is black box insurance entering the mainstream?
An early entrant, Igo4 started selling telematics policies in 2012. Eight years later, founder and CEO Matt Munro ponders how its data on the adoption of ‘black box’ insurance indicates it is moving out of the young driver silo.
Existing travel policies likely to be eligible for cancellation claims as FCO discourages 'all but essential' trips
Direct Line reported facing increased calls from travel insurance customers on Tuesday after the Foreign Office advised against all but essential international travel in light of the coronavirus pandemic.
Insurance tech firms confident of full service during coronavirus pandemic
All insurance technology suppliers contacted by Post are confident their business continuity plans will maintain a full service for insurer and broker clients as the UK increasingly moves to remote working due to the ongoing Covid-19 crisis.
Bought By Many adds Jim Sutcliffe as chair
Exclusive: Bought By Many has appointed former Prudential UK CEO Jim Sutcliffe to chair the company.
Updated: Admiral, Aviva and Direct Line latest to pull travel cover
Aviva, Admiral and Direct Line have joined a growing list of insurers that have pulled travel insurance products off the market due to the coronavirus outbreak.
FCA delays dual pricing report till June
The Financial Conduct Authority has postponed its final general insurance pricing practices market study report from this quarter to June 2020.
Green alternatives to courtesy cars gaining traction among young drivers according to new research
Motor insurance policyholders – especially younger drivers - are interested in green alternatives to courtesy cars, new exclusive research for Post has revealed.
Zurich tells insurtech partner to pull travel disruption extra
Exclusive: Zurich has told its insurtech partner Pluto to pull a travel disruption coverage add-on due to the coronavirus pandemic, but says this does not affect Zurich branded policies.
LV pushes pause on travel insurance
Insurer LV has ceased to offer further travel policies in the wake of the coronavirus pandemic.
Analysis: The insurtechs crossing the Channel
This winter, three European insurtechs have signalled their ambitions to expand to the UK market. Post investigates whether they are outliers or likely to be the first cohort of an insurtech invasion.
Axa faces backlash as influencer pulls ‘short sighted’ IWD ad
Instagram influencer Simon Hooper has apologised to followers after an International Women’s Day post sponsored by Axa was slated as offensive.
Motor Mouth Podcast 7: From motor to battery – The evolution of motors and motor insurance
Is 2020 the year that the electric car revolution really takes off? The next decade will certainly be an exciting time for the automotive industry as Britain’s road network changes to a model of transport. Jonathan Swift, content director for Insurance…
Analysis: A coronavirus call centre crisis?
Personal lines insurance providers are faced with a potentially “lethal” situation if call centre staff cannot go into work en masse due to coronavirus disruption, compliance experts have cautioned. Post asked brokers and insurers how they are preparing…
ABI pegs storms Ciara and Dennis losses at £363m
The industry is set to pay out £363m on claims from storms Ciara and Dennis that hit the UK last month, the Association of British Insurers has calculated.
UK General in advanced sales talks
Exclusive: UK General Insurance is in “advanced” sale “negotiations”, Post can reveal, with market sources tipping Primary Group as poised to buy the firm back.
Discount rate: Warnings on NI premium pressure and claims costs
If the discount rate in Northern Ireland is made minus 1.75% this will lead to price hikes and potentially vast jumps in the cost of individual claims, insurers and lawyers have warned.
This Month: Best insurance employers to the fore
From November last year to January 2020 Post gave insurance employees the chance to nominate and rate their employers on topics ranging from management to diversity and work/life balance along with whether they would recommend the company to a friend.