United Kingdom (UK)
Blog: Diary of an insurtech start-up, episode 3: The quickening
Start-ups have to go to great lengths to attract business, both literally and figuratively, writes James Stuart Clarke, head of sales and partnerships at Digital Fineprint.
Aon's Rory Moloney on why tackling risk takes the whole company
Rory Moloney, CEO of Aon Global Risk Consulting, explains why helping a company tackle risk in today’s world requires a new way of thinking.
Mass's Simon Stanfield on the whiplash opportunity
The delay in whiplash reform should not be wasted, says Simon Stanfield, chair of the Motor Accident Solicitors Society, urging all parties to grasp the opportunity.
PWC brings in reg tech start-up to help clients with GDPR compliance
PWC has added a "reg-tech" start-up to its Reference Architecture list of companies that can help clients with General Data Protection Regulation compliance.
Direct Line's Paul Geddes reportedly linked with ITV CEO role
Direct Line CEO Paul Geddes has reportedly been linked to the ITV CEO job following the departure of Adam Crozier earlier this month.
Solvency II ratios not comparable across EU and won't be used in ratings, says AM Best
Solvency II ratios will not be comparable across the European Union and will not be used in rating assessments, according to AM Best.
Mulsanne Insurance and Premium Choice join IFB
Mulsanne Insurance and broker Premium Choice have become members of the Insurance Fraud Bureau.
Lloyd’s redundancies: London market forced to focus on cost
A memo from Lloyd’s of London issued to staff inviting them to register for voluntary redundancy comes as little surprise, experts said, as market carriers are increasingly forced to focus on cost.
Tradex borrows £7m to meet Solvency II requirements after Ogden rate hit
Tradex has borrowed £7m from its parent to maintain its solvency capital position in the wake of the Ogden discount rate change.
Post People 22 - 26 May 2017
This week's key appointments across the industry.
Blog: Connected homes should get cheaper premiums
Connected devices could help household insurers offer cheaper premiums to responsible homeowners, says Craig Foster, managing director of Homeserve Labs.
Ageas's François-Xavier Boisseau on avoiding the avoidable
Insurance is the business of helping people in their time of need but as François-Xavier Boisseau, CEO of Ageas Insurance, explains sometimes there are limits to what insurers can do.
Covea sees profits treble following Sterling integration
Covea has seen its pre-tax profits almost treble from £12.9m to £38.4m last year despite “headwinds” from the Ogden rate change.
Insurtech guru to stand as MP to protect start-ups
A senior insurtech boss will stand as an independent MP in the next election, as part of a mission to safeguard the economic environment for insurance start-ups.
This Week: Menace, manifestos and managing general agents
There is a menace in my house in the form of water. First it caused problems in my kitchen (as many of you will remember) and now it's found its way out of the bathroom.
Beazley to open Birmingham office to tap into regional market
Beazley will open an office in Birmingham with 100 staff to target the intermediated regional market.
Lloyd's insurers join forces to form political risk consortium in Asia
Beazley, Chaucer and Talbot have joined forces to form a political risk consortium in Asia offering increased capacity for a wide range of political and contract frustration risks.
Conservative manifesto could lead to reversal of discount rate decision says Apil
The reintroduction of whiplash reform if the Conservatives win the election could come with a reversal of the discount rate, the Association of Professional Injury Lawyers has warned.
JLT's Hamish Roberts on the tender trap
The vast majority of broker appointments are made as a result of an expensive tender process. Hamish Roberts, JLT’s head of business development, suggests a cheaper method that remains procurement-friendly.
Blog: Driverless cars are just three chicanes away
Before driverless cars take to the road, the public needs to be reassured about their safety and cyber risks need to be mitigated, write Deloitte partners Gurpreet Johal and Nigel Walsh. But once liability is clarified, insurers stand to benefit.
Lexis Nexis brings motor claims loss predictor to market
Data analytics firm Lexis Nexis have developed a new predictor of motor claims loss.
Development of Medco platform stalled by election
The development of the Medco platform is being stalled by the shelved whiplash consultation and the general election.
Dacre Bleu: will the industry act after Daily Mail attack on insurer 'sharks' and 'pirates'?
Post content director Jonathan Swift reflects on the Daily Mail coverage of insurers reportedly ripping off loyal customers, and asks if beneath the tabloid headlines there lies a home truth the industry needs to act on?
Fraud, corruption and poor governance risks are top future business concern
Boardroom risks, defined as fraud, corruption and poor governance, is the top concern for UK businesses, according to CNA Hardy.