Discount rate
This Week in Post: Winter wine and Amazon advances
This week I attended a briefing on hostage negotiation skills organised by an underwriting association and a wine tasting hosted by a rehabilitation provider.
Ageas UK sees profit again hammered by Ogden
Ageas UK saw its pre-tax profit fall by 56% as it said it still had €5m (£3.8m) to pay in relation to the Ogden rate change.
Q&A: Mike Brown and Alistair Kinley, BLM
The insurance industry is currently battling with a multitude of uncertainties: Brexit, Ogden, and the impact of technology. Mike Brown, senior partner, and Alistair Kinley, director of policy and government affairs, BLM, spoke to Post about how those…
Hastings sees GWP growth continue into Q3
Hastings has seen a 25% spike in gross written premiums over the course of the year, up to £714m from £572.8m for the same period in 2016.
This Week in Post: Red suns and robots
A Blade Runner mist engulfed London on Monday as storm Ophelia blew Saharan sand into the capital. Struck by the eerie atmosphere, City workers tweeted pictures of the yellow sky, which an Irish commentator promised to look at “as soon as our houses land…
Brightside's Mark Cliff on the impact of the discount rate for brokers
Insurers have been vocal about their feelings about the discount rate but Mark Cliff, executive chairman at Brightside Group, notes this has also affected brokers, who have been at the sharp end of market turmoil.
This week in Post: storm warning
Almost 30 years ago to the day, I had my first introduction to the power of Mother Nature and the world of insurance as the 'Great Storm' of October 1987 swept across the UK.
Industry needs to educate public on 'big ticket' Ogden decision, City Minister warns
Industry needs to join government in educating the public on the change to the Ogden discount rate, City Minister Stephen Barclay MP said.
Ogden reform drives car insurance price drop, but fall 'will be short-lived'
Car insurance prices have fallen by an average of 1.1% in the third quarter of 2017, the largest reduction in more than three years, however the effects will be short-lived, analysts said.
Top UK insurers 2017
Hit by a negative discount rate, the top 100 UK insurers reported a combined underwriting loss last year. What other challenges has the market faced?
Motor MGA Hawkwell in run-off following Ogden rate change
Exclusive: Motor managing general agent Hawkwell could close its doors at the end of March as a result of lost capacity from the Ogden rate changes.
Interview: Tulsi Naidu, Zurich
Almost a year into her role Zurich UK CEO Tulsi Naidu talks to editor Stephanie Denton about the events of the last 12 months and how the insurer is progressing with its transformational programme.
Analysis: Rate revision: changes to Ogden
Insurers consider the impact of the proposed U-turn on the Ogden rate
Ogden reform could see fewer shocks to industry
Ogden reform could see fewer shocks from discount rate changes in future, AM Best said.
Week in Post: Cancelled flights, closed doors and canned ads
My dad was one of 400,000 passengers affected this week by air traffic control delays, bad weather and a backlog in employee holidays for the delay, which lead to budget airline Ryanair cancelling 50 flights a day for the next six weeks.
The ABI's James Dalton on why the discount rate is not a job done yet
Insurers scored a victory on the discount rate but still have work to do, says James Dalton, director for general insurance policy at the Association of British Insurers.
Blog: Don't turn your back on fraud-busting tech
Fraudsters never rest and Lior Koskas, managing director of Digilog UK, urges the industry to remain open to sharing in the latest risk identification tools and continually review procedures for fraud.
Ogden decision may not curb reinsurance rate rises, says LV's Treloar
The government’s Ogden decision may not curb expected reinsurance pricing rises, LV general insurance managing director Steve Treloar has said.
LV reports £49m GI operating profit during H1 2017
LV has reported a strong growth in its general insurance operating profit which went up to £49m in the first half of 2017, compared to £22m in the same period last year.
Ageas' Andy Watson's wish list for returning MPs
As goverment returns to business, Andy Watson, CEO of Ageas UK, reminds MPs that there are still three major areas of policy affecting insurance that need to be properly addressed before insurers can begin to control and then reduce customer premiums.
Covéa's Lisa Meigh on why the apprenticeship levy is not just another tax
Many companies have written off the apprenticeship levy that came into force in April as another tax but Lisa Meigh, director of HR and Learning at Covéa Insurance, sees a pot to further future generations of insurance workers.
Ogden decision to curb reinsurance pricing rises
Reinsurance pricing will only increase modestly at January renewals as a result of the government’s Ogden announcement.
This Month in Post: Discount, diversity and data
There was some good news and some bad news this week for the insurance industry.
LV commits to passing all Ogden savings onto motorists
LV has become the first insurer to commit to passing 100% of savings from the government’s Ogden legislation to motorists.