Latest News – Page 370
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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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NewsRNA Analytics promotes internally for new EMEA managing director
The hire brings over 15 years of insurance and finance experience to the role
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NewsNew EU speed limiter tech could hit UK car insurance prices
Insurance premiums ’could be reduced’ if new technology succeeds in cutting down the amount of accidents on UK roads, says aggregator Confused
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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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NewsBI insurance claims payouts nearing £1bn but ‘it should have been more’
According to the FCA, 15,400 policyholders with BI claims approved are still waiting for business interruption payouts
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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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NewsJobs at risk as Endsleigh migrates some personal lines business to A-Plan
Endsleigh Insurance is proposing some changes to its distribution and branding model, to refocus its core business on student, education and charities
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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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NewsFCA updates GI pricing rules following stakeholder feedback
Changes include reporting requirements around commission-rebating and the definition of renewal business
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NewsOrdnance Survey takes equity stake in Flock
The insurtech’s chief exec says the insurance company of the future won’t just pay claims, but it will ’actively help customers avoid them’
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NewsWillis Tower Watson sues broker rival over ‘poaching’ for its public entity team
Alliant has appointed a number of senior vice-president positions over the summer months
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FeaturesBriefing: Highway Code changes could create claims cost uptick from ‘presumed liability’
Pedestrian and cyclist rule changes could also impact claims volumes – motor insurers will have a lot to juggle if they don’t prioritise customer education now
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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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NewsWhitespace sees 84% increase in business placed on its etrade platform during 2021
Stephen Catlin, Whitespace’s advisory board member, says the platform is playing ’a vital role’ in the shift to digital
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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
