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Latest NewsInsurance sector begs MIB not to waste LiP portal deadline extension
The industry fears that amendments to the LiP portal are at the cost of consumer detriment
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Sedgwick founder Robert Young dies at 83
Young grew the loss adjuster business from a small local company of 500 staff to 27,000 globally
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Whiplash portal roll-out delayed to August
Portal launch delay had been widely anticipated
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Tractable raises $25m with view to expand AI proposition worldwide
This brings the insurtechs funding total to $55m
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RSA reports record year in underwriting profit
The insurer sees a £155m jump in underwriting gains for 2019
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Hastings profits slump as claims inflation takes its toll
The company also saw its loss ratio deteriorate as it reported its annual results
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Insurtech Aventus secures £2.6m investment round
The seven-month old business plans to expand its people development
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Arron Banks reportedly among 1,600 hit by FCA data breach
The results of a freedom of information request was exposed
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MGAs in line for Lloyd’s syndicate-in-a-box bids
Higher than expected number of bids to launch syndicates, Lloyd’s chief said
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Direct Line axing 800 jobs amid digital transformation drive
The main losses will be from its Ipswich office which is closing in 2022
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Zego triples staff headcount in 12 months amid recruitment drive
It hopes to double its staff number again this year, it follows Nick Pester joining the insurtech
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Two-fifths would switch to telematics-based motor policy to save 30% on premiums
Data company reveals that uptake of telematics could flourish if premium discounts are evidenced
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Compare the Market owner leads funding round for insurtech Digital Risks
The funding has been raised to develop the insurtech’s technology and drive its expansion
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Marsh hires new global head of aviation
Garrett Hanrahan will succeed Simon Harker, who is retiring after a 44-year career
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Stanhope Cooper buys high net worth broker
Consolidation is expected in the high net worth market this year
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Ageas appoints external hire as new director of distribution
Russell White will join the insurer’s UK team in March
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NIG to provide capacity for McNamee’s digital MGA C-Quence
It hopes to make it easier for brokers to deliver sophisticated commercial insurance quickly and at lower costs
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FCA apologises for major data breach
The regulator admitted that the names, telephone numbers and addresses of some people had been mistakenly published
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Be Wiser predicting profitable 2020
Chairman Mark Bower-Dyke says that although the past eight months have been ‘a challenging period’, the broker’s ‘hard work has paid off’
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Insurance data sharing exposes ‘fundamental tension’ in customer expectation
Customers want fairer pricing, yet are reluctant to share their pwersonal data to acheieve this, study found
