Latest News – Page 485
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News
ARAG acquires DAS operations in international expansion pursuit
ARAG is buying the Irish business of DAS
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SSP signs contract to integrate aggregator platforms with Honcho
The partnership will open new channels for business
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Revealed: The most trusted home and motor insurance companies
New entrants in the top 10 include Aviva, More Than, Santander Bank and Lloyd’s Bank
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Cyber specialist CFC lands Hiscox chief technology officer
Fletcher, formerly chief technology officer at Hiscox, will lead the company’s technology and infrastructure development
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Direct Line reveals new chief executive
She was previously chief financial officer at the company
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ABI to track industry’s performance on diversity
ABI chair Amanda Blanc says she cannot justify the current lack of diversity in insurance
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Germany to extend passporting rights for UK insurers for no-deal Brexit
It claims to to remove uncertainty for insurers and policyholders
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RSA appoints Charlotte Jones to fill CFO role
Charlotte Jones replaces Scott Egan who was named as the new UK CEO in early February.
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Hiscox-backed SME cyber MGA launched
The move comes as the UK businesses continue to buckle under the weight of cyber attacks, many from organised gangs outside of the European Union
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Gender diversity improving for insurance sector – ABI
Women now make up 27% of people at executive level compared with 22% last year
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News Analysis
Open insurance – the new concept that could better manage data
Insurers accrue large amounts of data and are always looking at cheaper ways to sort and store it such as blockchain, but sharing data could turn traditional methods on its head for the industry as well as presenting opportunities for collaboration
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Former AXA staff sentenced for stealing and selling customer data
IFED investigation found AXA employee was taking photographs of customer data and sending it via WhatsApp
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Profits up for Hiscox despite busy year for claims
The insurer cited the London Market as its “standout performer”
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QBE Europe boss calls for rate increases as profits fall for 2018
Besides motor, QBE Europe boss Richard Pryce said there was not enough rate increases in UK portfolios
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ABI decries Brexit no-deal 'self harm'
A statement from the body’s director general Huw Evans said the “only alternative to ‘no deal’ is some form of short delay to Brexit”
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Fraudster sentenced for fake Rolex claim
The claim began unravelling when CCTV footage revealed the man had not been wearing a watch in the shop where he claimed to have lost it
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LexisNexis asks government to examine telematics data
Only 5% of insurers offer telematics policies which typically serve the younger generation
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Carpenters becomes ABI associate member
As an associate the insurer and legal services provider can access statistics and other services