Latest News – Page 444
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News
State-of-the-art machine learning claims tech launched for motor insurers
Cobalt combines tech and people to achieve best outcomes
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FCA issues fresh Brexit passporting warning
The FCA has been prescriptive on UK firms and their plans for a no-deal Brexit with all regulated underwriters having to provided detailed information on its ability to operate under a no-deal scenario
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Broker steps in with ‘alternative solution’ for Alpha policyholders
Invalid policies can have serious repercussions for homeowners who may be in breach of their mortgage terms if they do not hold a structural warranty or suitable solution for property under a decade old
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Fraudster jailed for attempt to scam Axa and other insurers
Serial scammer tried to rip off several insurers, as well as his own employer
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'State of mind' an important factor in driving behaviour, study finds
Stress, depression and anxiety can affect driving behaviour and therefore premiums
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Motor premiums fall amid rates tug-of-war
Slight quarter-on-quarter fall recorded, but prices still higher than the same period last year
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Agenda
Cash injection beefs up struggling Gefion’s solvency
The funding will be used to strengthen Gefion’s capital base
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Scottish compensation ruling disappoints underwriters
The differing discount rates will see awards in Scotland set to be significantly higher than those in England
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BEIS launches probe into Thomas Cook downfall as underwriter revealed
The committee’s inquiry will be questioning the travel agents chief executive, finance director and chairman
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Green card warning as most UK motorists unaware of post Brexit requirements
Over half of the UK motorists in a poll were unaware they will require an insurance green card from 31 October if the UK leaves with no deal
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Policy Expert outlines SureThing! motor growth ambitions
The insurtech reached a landmark 550,000 live home insurance policies earlier this year
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Agenda
MGA £60m long-term capacity deal providing brokers with risk solutions
It will also introduce new products over the next 12 months
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Airmic issues supply chain stress warning to UK risk managers
Brexit could put supply chains under pressure, but how?
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CFC Underwriting makes first foray into M&A
CFC already had a close working relationship with the acquired firm
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Bodyshop profits hit by high tech vehicle costs
21 bodyshops in the research made an average of £86 pre-tax profit on a £1,748 insurance job, but why should it matter to the industry?
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The new emerging risks changing the D&O landscape
Chubb tells Insurance Times why the landscape of directors and officers insurance is shifting and why the current conditions are unsustainable in the long term
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October 2019 Big Question: What are the unintended consequences of the government’s motor legal reforms?
Following the government’s legal reforms in motor on the personal injury discount rate, Insurance Times asks the industry what the unintended consequences might be
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Industry veteran and ex-Coverbox director joins app-based insurtech
He has almost two decades of experience working in the general insurance industry and is one of the founding members of insurethebox
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News
QBE’s former head of SME and e-trade joins fast growing broker
He also worked at RSA previously
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IDD has been positive for the market, says BIBA
Majority of brokers surveyed said they believed the IDD had been good for the industry