Latest News – Page 450
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NewsAllianz posts improved fraud savings for H1 2019
Allianz’s fraud manager, James Burge hails a “fantastic result” after bringing the application and claims fraud teams together
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AgendaBrightside places medical reporting business into run-off
Costs of placing the business into run-off takes Brightside to a pre-tax loss of £10.3m for 2018
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AgendaCounty Group hires new commercial MD
New hire has held senior roles at Giles, Alec Finch and JLT
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NewsTesla launches insurance product
The electric vehicle mammoth launched the product yesterday in California
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NewsFCA warns of Close Brothers clone
The regulator has warned of a clone charading as the premium finance provider
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NewsHuman error accounts for 75% of cyber claims this year
CFC Underwriting is releasing monthly anonymous cases studies on cyber claims in a bid to raise awareness
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NewsAdapt or die: how to survive in the insurtech jungle
Insurance Times spoke to industry experts to investigate why some insurtechs go bust
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NewsBe Wiser rejoins Biba, five years after joining the first time
The Andover-based broker first joined the association in September 2014, but after leaving in 2016, it has now rejoined
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News‘The tide has turned’ on fraudsters as the industry reacts to the latest ABI figures
Industry appears mostly encouraged by latest fraud figures, but still see a long journey ahead, while one questioned the return on investment
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NewsZego partners with major car-subscription service
Private hire drivers will be automatically insured when taking out a subscription on a vehicle
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NewsApplication fraud dominates as average tops £12,000 per case
However, one fraud worth £1.2m was detected, and around 1300 fraudulent cases are exposed every day
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NewsAston Lark buys Manchester broker
The deal is Aston Lark’s first acquisition in the Manchester area
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NewsInsurtech Honcho ready to take on aggregators as it steps into motor market
Insurtech wants to end aggregator dominance through its reverse auction approach to selling car insurance, whereby providers bid for a customer’s policy
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NewsUK SMEs shoulder £8.8bn crisis costs, broker finds
Cyber-attacks, data breaches and cyber extortions accounted for 15% of all ’crisis’ events
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NewsFCA clamps down on CMCs’ ‘unscrupulous’ false advertising
Martin Milliner of LV= says CMCs have gotten away with unscrupulous activities “for too long”
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NewsBought by Many to drop industry standard for switching insurers
The two-week waiting period was a measure to combat fraudulent claims, but the insurtech believe it is unnecessary
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NewsIrish drivers 'no longer need green cards' in no-deal Brexit
However, as it stands, UK drivers will still need them in Ireland
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NewsClose Brothers signs exclusive contract with Coversure
Close Brothers and Coversure agree long-term contract covering both personal and commercial lines
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AgendaAon MGA pulls out of solicitors PI market
Several Lloyd’s capacity providers previously supporting Aon MGA Maven had withdrawn their capacity as part of the Lloyd’s profitability review
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NewsAll Swinton retail branches now closed, Ardonagh confirms
Integration of Swinton is said to be nearly complete, with another £11m planned to be invested in the process through the second half of 2019
