Brexit
Most Brits unaware of motor insurance gender ban or where it came from
Exclusive: The majority of UK consumers are not aware that insurers cannot use gender as a factor in pricing for motor insurance or where the ban came from, research commissioned by Post has shown.
Investment returns push Covéa into profit after underwriting loss
Covéa delivered an underwriting loss of £22.3m in 2019 compared to a profit of £1.8m the year before, with the insurer hit by high levels of motor claims inflation and flat market premiums along with a lower level of reserve releases.
Expertise in Audio 1: Risk and catastrophe management – is insurance truly our global safety net?
Insurance Post director of content Jonathan Swift is joined by Ed Messer, head of catastrophe management at Aon, and David Rubens, CEO of the Institute of Strategic Risk Management, to discuss if insurance is truly our global risk safety net?
Blog: Surviving the consequences of Covid-19
Malcolm Henké, head of Horwich Farrelly’s large and catastrophic injury group, provides a perspective on the potential challenges and opportunities that come with Covid-19 when looking at large and complex injury litigation.
Blog: Product recalls - what will happen post-Brexit?
Product quality is essential to business survival, and yet these days, it seems recalls are rarely out of the media. Mistakes happen and processes fail, but it’s often with disastrous consequences to the business and the brand. Andrew Robinson, head of…
Proposed 7.1% increase to insurers' contribution to FCA budget will add to firms' 'financial burden' in difficult times
The Financial Conduct Authority is consulting on changes to its fees and levies which would see annual contributions by general insurers and general insurance brokers increase 7.1% and 3% respectively.
Aon’s Dudley becomes chair of Liiba
Richard Dudley, CEO of Aon’s UK Global Broking Centre, has succeeded Roy White of Marsh as chair of the London and International Insurance Brokers’ Association.
Analysis: Florists and flower stockist - Growing cover
The popularity of the Chelsea Flower Show has driven demand for small florists to start up and for larger garden centres to expand. Are their insurance needs being met though?
Blog: The effect of Brexit on attitudes towards the NHS - how will this affect medical insurance enquiries?
On the day of the general election last December we witnessed a sharp spike in the number of visitor searches seeking out quotes for private medical insurance, 1072% higher than the forecasted figures for that time of year, writes Ian Sawyer, commercial…
Insurance Monitor: Brexit: finding corridors of deviation
In this month's column, David Worsfold, a long-running commentator on the insurance market, explores how the insurance industry could find itself rather lonely in its corridors of deviation after Brexit is finalised, the complexities of Covid-19 for the…
MIB urges government to act after Supreme Court rejects Lewis appeal
The Motor Insurers' Bureau has been tipped to challenge the government into amending the Road Traffic Act or change its own Articles following this week's Supreme Court ruling in the case of MIB v Lewis.
Blog: Six months is a long time in politics
December 2019 was the first anniversary of Royal Assent to the Civil Liability Act 2018 and mid-January 2020 marked six months on from one of David Gauke’s last decisions as Lord Chancellor to set a new personal injury discount rate of -0.25% for England…
Pen Underwriting’s Tom Downey on the market-hardening challenges and opportunities for MGAs
What a difference five years makes. Back in early 2015, we had a nation blissfully ignorant of the division, disruption and economic uncertainty that would follow the 2016 referendum result, writes Tom Downey, chief underwriting officer at Pen…
‘Business as usual’ for sector during Brexit implementation period
The Financial Conduct Authority confirmed that during the Brexit implementation period European Union law will continue to apply and firms will continue to benefit from passporting between the UK and European Economic Area.
This week: The wait is over
The wait began in 2017, and many of us felt that the agonising limbo might never end. But after two and a half years, the wait is finally over. That’s right: Kesha’s new album is out today.
Insurers expected to be able to distribute green cards electronically
The government has told the Motor Insurers' Bureau that it will enact legislation to allow ‘black-and-white green cards’, allowing insurers to distribute green cards electronically if the UK is unable to strike a deal with the EU by the end of the…
MIB chases agreements with France, Poland and Romania as it builds Brexit contingencies
The Motor Insurers’ Bureau is continuing efforts to secure agreements with France, Poland and Romania to preserve so-called ‘protection of visitors’ rules that would otherwise fall away if the UK is unable to strike a deal with the European Union by 31…
Insurance Monitor: Insurance: facilitator or inhibitor?
In this month’s column, David Worsfold, a long-running commentator on the insurance market, talks about the fallout from the hardening market, the success of Flood Re and his issues with the Insurance Museum
This week: Bagging a bargain
As the January sales draw to an end consumers aren't the only ones with deals on their minds.
Liberty's Matthew Moore to succeed Andrew Horton as LMG chair
Liberty Specialty Markets CEO Matthew Moore has been named as the next chair of the London Market Group.
Insurtech: Six insurtech start-ups to watch in 2019
As Post gears up to launch the 2019 Insurtech 100 listing in association with Tallt, Post content director Jonathan Swift highlights six businesses that will hope to be featured in forthcoming rankings
This week in Post: Back to business
With the holiday break over, this week has seen people across the UK – some somewhat sluggishly – get back to business.
Insurers need to address ‘significant risks of harm’, says FCA
Several “significant” key risks of harm have been highlighted by the Financial Conduct Authority in an update to insurer boards.
Insurance Monitor: Reflections on the 2019 general election
In the first of a regular column, David Worsfold reflects on the fall out of the conclusive Conservative Party victory in the 2019 general election.