All articles by Ida Akerstedt – Page 7
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NewsQ&A: Wunelli looks to the future of telematics
Wunelli, A LexisNexis Risk Solutions company, launched in 2008 following a test period as a telematics insurance broker under the brand Coverbox. The company has since invested in delivering telematics innovations and solutions to the insurance sector. Insurance Times spoke to Wunelli founding director Paul Stacy ...
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NewsABI extends funding to initiative that tackles fraud
The ABI said it will extend the funding commitment to the Insurance Fraud Register (IFR) until 2020. The IFR, which is managed by the industry-sponsored Insurance Fraud Bureau (IFB), holds details of insurance fraudsters, suppliers and professional enablers. “The industry’s commitment to the IFR indicates that ...
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NewsMarsh appoints new global placement vice chair
Global insurance broker and risk adviser Marsh, a subsidiary of Marsh & McLennan Companies (MMC), has appointed Jeremy Cooke as vice chairman of global placement. Cooke will focus on critical growth areas including complex market negotiations on facilities, quota shares and key accounts. He was previously ...
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NewsAXA appoints new claims customer service director
AXA has appointed Kim Pearce as claims customer services director as part of its ongoing claims transformation programme. Pearce will be responsible for the operational management of mass motor, mass property and lifestyle claims. She was previously Allianz head of organisational management and has experience from ...
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NewsGallagher buys majority stake in Swedish broker
Arthur J Gallagher has bought an 85% stake in Swedish specialist insurance and reinsurance broker Brim. Gallagher said it is extending its investment in Scandinavia as it is an area of strategic development for the company. Brim was founded in 2001 and provides commercial property/casualty, credit/political risk ...
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NewsPound falls to new low amid insurer property fund suspensions
The pound has hit a new low after UK fund managers, including insurers Standard Life and Aviva, stopped investors withdrawing money from their commercial property funds. The pound was $1.2798 against the dollar on Wednesday, hitting a 31-year low. The BBC reported that the fall followed ...
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NewsReinsurance discounts for UK insurers as global rates fall
UK insurers have seen a 10% cut in their catastrophe excess of loss rates in the June/July 2016 renewal season as reinsurance rates are softening worldwide, according to reinsurance broker Willis Re. Excess-of-loss reinsurance pays out when the insurer’s losses reach a certain point. Reinsurance rates ...
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NewsIFED warns Scottish residents of ghost brokers
Detectives from the City of London Police’s Insurance Fraud Enforcement Department (IFED) have warned Scottish residents about ghost brokers targeting their addresses. IFED officers will visit residents in Aberdeen, Inverness and the Isles of Skye and Harris as part of an investigation into suspected ghost brokers ...
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NewsMarkerstudy buys telematics broker Drivology
Insurance and broking group Markerstudy has bought app-based telematics broker Drivology. The acquisition will add over 6,000 policyholders to Markerstudy’s retail division. Drivology specialises in smartphone app-based car insurance. The company’s app monitors how safe a driver is to determine motor insurance premiums. The app determines ...
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NewsBrexit means bad news for innovation says Atidot
Start-up risk management company Atidot chief executive Dror Katzav has said that Brexit means bad news for innovation as start-ups are “businesses for immigrants”. Speaking at a London InsurTech event on June 29, six panellists shared their views on whether Brexit would impact the InsurTech wave ...
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NewsWillis’s Gaffney says risk is the future of insurance
Willis Towers Watson chief technology officer Simon Gaffney has said that there are huge opportunities in the risk market for new people entering the insurance industry. Speaking at the London InsurTech Conference on 29 June, Gaffney said that technology is transforming clients and creating new businesses ...
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NewsLV= promotes two managing directors to its executive team
LV= has promoted managing director of retirement solutions business John Perks and managing director of protection business Myles Rix to its executive team. Perks has had responsibility of LV=’s retirement business and has worked as customer solutions director for the insurer. He also has experience ...
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NewsABI welcomes FOIL’s statement to tackle fraud
The ABI has welcomed the launch of the Forum of Insurance Lawyers (FOIL) Statement of Competence for Insurance Solicitors that will help insurance lawyers tackle fraud. The statement highlights that lawyers working for insurers must be alert to fraudulent activity, have knowledge of fraudulent activity relevant ...
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NewsEcclesiastical targets HNW growth with upgraded policy
Specialist churches and charities insurer Ecclesiastical has upgraded its Residential Insurance product to offer insurance to a growing high net worth (HNW) client base. The upgraded policy titled the Art & Private Client (A&PC) product will be available from 1 July 2016. It will include features ...
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NewsCooper Gay hires Willis’s Prinn as head of global placement
Jonathan Prinn will join Cooper Gay as head of global placement and leave his role as Willis GB head of broking. Prinn was previously chief operating officer at Willis global placement company before he was appointed Willis GB head of broking in January 2015. He has ...
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NewsEcclesiastical publishes principles for handling abuse claims
Specialist churches and charities insurer Ecclesiastical has published a set of principles it will apply when its policyholders face civil action that includes allegations of sexual or physical abuse. The insurer hopes the principles will make the claim process clearer for victims, survivors and policyholders. Ecclesiastical ...
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NewsCooper Gay hires chief innovation officer
Peter Hacker has joined broker Cooper Gay as group chief innovation officer. Hacker was previously head of rival broker Jardine Lloyd Thompson’s communications, technology and media practice and has also served as a managing director of Swiss Re. He is also co-founder and partner at Distinction ...
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NewsDAS launches criminal prosecution against former chief executive
DAS said it has launched a private criminal prosecution against former chief executive Paul Asplin. Asplin has been summoned to court on fraud charges. The hearing is expected to take place at Westminster Magistrates Court on 8 July, although this will not be confirmed until 7 ...
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NewsWoman sentenced over income protection fraud
A 45-year-old woman has been sentenced to eight months’ imprisonment, suspended for two years after making fraudulent claims on her employer’s income protection insurance policy. Balbinder Mahil from Luton pleaded guilty to fraud by false representation and was sentenced in May 2016. Mahil was also ordered ...
