Regulation
Direct Line hit by £230m profit blow from discount rate cut
Direct Line will see a blow to profits of up to £230m from the discount rate cut, the company said.
Admiral sees profit hit of up to £100m from discount rate cut
The discount rate cut will add between £140m to £175m to Admiral’s claims settlement bill, the insurer said.
Flood Re: One year on – how effective and successful is the scheme?
Post looks at Flood Re as it approaches its anniversary
Blog: Insuring automated vehicles will require data sharing
Private and commercial vehicles with advanced automated functions are going to gradually enter the UK market over the next few years. In addition to changes to the regulations governing vehicle type-approval, a number of amendments need to be made to the…
Solvency II driving demand for reinsurance
January renewals show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, according to Fitch Ratings.
Blog: Pokémon no go - the rules of the game for construction professionals
How can an app where players catch animated characters affect the insurance industry?
What US sanctions may look like under the Trump administration
There is quite a bit of uncertainty regarding the direction of US sanctions policy under president Donald Trump's administration. Various forces drive in different directions.
Legal Update: Motor's waiting game
The motor claims market is currently sitting in that state of indecision that business - and pilots - like to call ‘a holding pattern' as it awaits three major government consultations. These, to push the aviation analogy to its fullest, are hovering…
What UK sanctions may look like post-Brexit
2016 was a momentous year that heralded a series of political developments with far-reaching consequences for international trade. Speculation and uncertainty abound about what Brexit means for international trade and sanctions.
Bila's Castle on the prospect of collective redress in the UK
The prospect of a full-blown, opt-out US class action culture, funded by a Plaintiff Bar made fat from its cut of the damages, is not one that most UK insurers would relish.
Cryonics: premium on immortality?
The world of cryonics, and the freezing of human tissue, is proving a tricky one for the insurance industry.
Nexus Group's Colin Thompson on the evolution of MGAs
With more than 300 UK-based managing general agents underwriting roughly £5bn - circa 10% of the UK general insurance market - the MGA is already firmly established within the London market providing a key access point to local markets and the ability to…
Ageas's Boisseau on the importance of using technology for transparency
Mis-selling of payment protection insurance has done little to help our industry and the issue of trust for insurance providers.
Post Power List 2017: Elizabeth Truss
MP for South West Norfolk, and Lord Chancellor and Secretary of State for Justice
Post Power List 2017: Andrew Bailey
CEO, Financial Conduct Authority
Post Power List 2017: Michel Barnier
Chief Brexit negotiator at the European Commission
Post Power List 2017: Theresa May
Prime Minister and leader of the Conservative Party
Editor's comment: The concept of power
Another year and another Power List from your team at Post.
Spotlight: Claims Assistance: Ignore at your peril
Dissatisfaction over clarity during the claims process has been highlighted by the recent Financial Conduct Authority review. What can the industry do to make the system work better?
This week: Decisions, scorecards and a viable alternative
After a slow start to 2017 I suddenly had lots of decisions to make this week about holidays, extracurricular activites and building plans (for my extension).
Flood Re to hit 130,000 policies by April
Flood Re is on track to back 130,000 policies in its first year of operation, the scheme’s chief financial officer Adam Golding told Post.
QBE's Richard Pryce on why insurers must innovate for customers and staff
The insurance industry has always been closely connected to the broader economy, but our fortunes are now even more closely tied to macro-economic developments.
Biba's Steve White on unravelling unrated insurers
I spent a large part of the last quarter of 2016 visiting the British Insurance Brokers' Association regions and talking to the advisory boards and committees as we usually do as part of our manifesto preparations.
LV's Martin Milliner on how getting whiplash right could restore faith in insurance
Working with government, regulators and trade bodies to build public trust in insurance is a common aim of our profession and more important than ever when considering today's unnecessary claims culture.