Home insurance
Week in Post: All hail Captain Side Parting
This year’s Budget was rewarding for many reasons: a freeze on insurance premium tax, an increase in research funding for driverless cars, and a dig at Jeremy Clarkson.
Home premiums on the up as repair costs and fraud escalates
Home insurance premiums are soaring as rising inflation increases the cost of claims while fraud escalates, according to research findings.
Analysis: Home, sweet connected home
Connected devices can help underwrite and mitigate household risks, but they also open the door to cyber vulnerabilities.
Hiscox's James Pilgrim-Morris on plugging the leaky bucket
James Pilgrim-Morris, head of claims at Hiscox UK & Ireland, says it's time to get all hands on deck to tackle escape of water.
Blog: Digitise your underwriting, not just your quotes
Insurers have been digitising their application process but not so much their underwriting operations, writes Selim Cavanagh, insurance vice-president at Lexis Nexis Risk Solutions, warning they might be missing on some efficiency gains.
Esure reports strong growth despite drop in home policies
Esure has seen a 25.4% increase in gross written premiums over the past year, rising to £625.8m from £499m in Q3 2016.
Direct Line reports growth in its own-brand policies
Direct Line Group has reported growth among its direct own brand policies over the last year and claims to be on target to hit its desired combined operating ratio for 2017.
Top 30 Asia Insurers: Growth prospects in Asia vary by region
AM Best’s annual ranking of Asia-Pacific’s non-life insurers includes familiar companies, but they face different challenges
Homelyfe closes £2.4m funding round
Homelyfe has completed a £2.4m seed round led by Talis Capital and Peterson Ventures.
Policy Castle to offer discounts to customers using smart home devices
Digital insurance platform, Policy Castle will be offering discounted home insurance premiums if they have connected devices installed in their home.
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.
Sharing economy lays liability minefield, warns Marsh
Companies in the sharing economy sector are more exposed than others to the risks associated with an evolving employee base and the emergence of digital technologies, according to a report by Marsh.
Insurance start-up to offer protection against gazumping
Insurance start-up Homelyfe has launched home buyers insurance which will protect against gazumping.
This Week in Post: Deal or no deal?
“You can watch Go Jetters if you let me tie your hair” is the type of deal you sometimes need to strike with your toddler if you want to get things done. Of course, you shouldn’t negotiate with mini-terrorists but there is nothing wrong with a win-win…
Compare the Market to face probe over insurer contracts
Compare the Market has been named as the company at the centre of a legal probe by the competition watchdog.
Competition watchdog opens legal investigation into comparison site
The competitions watchdog has opened a legal investigation into how one price comparison site has set up its contracts with insurers.
Admiral launches home and motor multicover policy
Admiral has launched a Multicover insurance product, combining its car and home insurance into one policy.
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.
Home and motor insurers face £100m bill from GDPR
Home and motor insurers are facing an estimated bill of £100m due to not being able to contact historic customers after the General Data Protection Regulation comes into effect next year.
Blog: How insurers can use data analytics to differentiate their products
Insurers shouldn't use data analytics just to drive efficiencies but also to innovate in terms of risk management, writes Paul Dix, insurance strategy consultant at CGI UK.
Neos to provide home insurance quotes in under 30 seconds
Insurtech start-up Neos has introduced a propositions which it claims will provide customers with a home insurance quote in under 30 seconds.
Charlotte Halkett moves to BuzzMove sister company as it looks to move into household insurance
Ex-Insure The Box communications general manager, Charlotte Halkett, has been appointed as managing director of insurtech company BuzzVault as it looks to expand into household insurance.
NFU Mutual ranks lowest for digital services in home and motor lines
Just 4% of leading insurers are providing digital services in their claims process within home and motor lines of business.
Legal Column: Grenfell and the burning urgency for better regulations
Fire regulations are coming under scrutiny after the Grenfell disaster, says Vikki Watt, health & safety partner at BTO.