Insurer News – Page 137
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NewsLV= committed to working with customers ahead of FCA’s fair value deadline
LV= Broker’s distribution and underwriting director says ’there’s likely to be quite a high level of disruption to market pricing and propositions’ following the implementation of the FCA’s pricing reform changes
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NewsTesla Insurance could be worth more than Aviva
Elon Musk’s electronic vehicle firm saw sales topping £1.14bn last year in Britain
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NewsZurich Insurance Group hires group chief data officer from PWC
The new appointment aligns with the insurer’s ambition to build ‘trust in how global companies use data and technology for good’
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News65% of brokers believe prolonged homeworking has had negative impact – Aviva
In particular, 72% of regional brokers felt that prolonged homeworking had a negative impact on wellbeing
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NewsAviva reveals ‘clear mistrust of financial services adverts online’
The insurer is calling on the UK government to update its Online Safety Bill
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NewsAxa has paid £75m for Covid-linked BI claims to date
UK retail boss adds that the business is ‘in a very robust position to move forward and evolve’
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NewsLloyd’s syndicate Ki hires new chief technology officer
Ki’s chief executive says the syndicate is adopting a ‘technology-first’ approach to underwriting
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NewsFCA’s pricing reform ‘timeline is very aggressive’ – Axa
The insurer is ‘going helter skelter’ to meet the year-end deadline for pricing changes in the motor and home insurance markets says UK retail boss
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NewsCovid-19 drives underwriting losses of £2bn for Lloyd’s market – Insurance DataLab
’Financial pressures will continue to affect businesses’ as the world’s economies emerge from the pandemic, according to Insurance DataLab’s Matt Scott
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NewsClearer e-scooter rules needed for insurance policy development – More Than
More Than is ready to work alongside the ABI and government to further understand options for a legislative framework around e-scooters
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NewsIrish competition authority secures commitment from six insurers to combat price signalling
Despite the end of the CCPC’s formal investigation, the authority ‘is in no way giving the industry a clean bill of health’ when it comes to organisations’ culture around compliance
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NewsMarkel provides motorcycle cover capacity for US insurtech
The offering is a ‘natural progression in the evolution of motorcycle insurance’ says executive underwriting officer
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NewsTokio Marine Holdings completes share buyback
The purpose of the repurchase is to implement flexible financial policies
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NewsTokio Marine Insurance Singapore falls victim to ransomware cyber attack
The group has since hired an external specialist to verify the impact of the attack
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NewsArch UK hires new broker relationship development manager
The new recruit will support the firm’s business transformation strategy and further strengthen its branch network
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NewsAviva is ‘very confident’ ahead of FCA pricing reform implementation
The insurer is ‘committed to being ready’ for the upcoming regulatory deadlines, despite the amount of work that needs to be done by the end of the year, says UKGI boss
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NewsAegis London promotes internally for new head of claims operations
The hire is one of two promotions in the insurer’s restructure of its senior leadership team
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NewsIndustry bodies accuse government of creating fire safety ‘lottery’ in schools
According to claims data from Zurich Municipal, major school blazes can cost up to £20m
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NewsPartners& secures Hiscox director for managing partner in Scotland
The new hire has 30 years of industry experience
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NewsInsurers have paid £968m in interim and final BI claims payments so far
The FCA calculates that 26,238 policyholders out of 41,666 who have had BI claims linked to the test case action accepted have received at least an interim payment so far
