Latest News – Page 544
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Online onlyCo-op insurance firm racks up big loss as UK weather claims bite
Co-op, now owned by Markerstudy, posts a big trading loss
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NewsUnderinsurance in the Airbnb market is leaving a gaping hole
Underinsurance is a major issue in the shared accommodation market
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IT InterviewQ&A: Putting customers first lands Covéa top broker rating
Insurance Times speaks to Covéa Insurance’s director of personal lines distribution and underwriting, Sue Coffey and its head of high net worth (HNW) and operational governance Sara Simmons about its Five Star rating awarded by brokers
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NewsRecord handout by Aviva charity fund to help broker causes
Insurer gives more than £250,000 to 79 community projects championed by brokers nationwide
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Online onlySaga crashes to huge loss and expects 'significant' industry response on renewals crackdown
Saga becomes the first industry player to take a huge hit from the FCA crackdown on renewal pricing
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NewsLarge drop in motor premium prices part of a structural market shift – drivers index
Fall in premiums from December to February is higher than previous years, which is put down to the passing of the Civil Liability Act
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AgendaMillennials are main perpetrators of motor insurance fraud
Research by Cifas suggests the view of insurance fraud as a ‘victimless crime’ persists in the UK, with younger drivers increasingly likely to offend through fronting, leading to calls for continuing education from the industry
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NewsHiscox-backed drone broker to promote safer flying with new partnership
The software that will now be accessible to the broker’s customers can reduce the likelihood of accidents and therefore claims
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Five star ratings reportQ&A: Lorega on 'how we won five stars'
Insurance Times’ Savan Shah speaks to group managing director, Neill Johnstone on the results the MGA achieved in the new Five Star Ratings Report, addressing broker concerns and a look to the future of Lorega
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AgendaAverage cost of a cyber breach increases by a third
Report finds more medium and large businesses are purchasing cyber insurance, as the average cost of a breach goes up
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NewsZego launches fleet policy with sharing economy car lease firm
The insurtech will offer a fleet policy on a base subscription rate per month
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NewsAgeas hires four to build new commercial underwriting team
The four new recruits will be based in four separate regions of the UK where they have strong broker relationships
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NewsArch integrates Axiom with ex-Ardonagh commercial lines book
Axiom becomes part of Arch UK Regional Division alongside the ex-Ardonagh commercial lines book acquired in January
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AgendaKeyless entry a growing concern as motor thefts rise
Car theft claims rose by 27% in 2018, as criminals find new ways of hacking into high-end cars
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NewsFraudster sentenced after Aviva seeks punishment for orange juice trip scam
Aviva, along with Clyde & Co successfully pursue case as private prosecution leads to suspended sentence and electronic tag
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NewsABI calls for more data on methods of modern construction
The trade association proposed a ban on combustible material being used on high-rise buildings following the Grenfell tower fire
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NewsAA and Admiral partner up on three-year deal
The partnership follows the AA posting a fall in profits as well as Admiral’s shares previously taking a hit
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Online onlyZurich gains edge after signing up to powerful rating hub
Zurich has become the fifth top UK insurer to go live with SSP’s Intelligent Quotes Hub (IQH). The new hub will provide insurer-hosted pricing for Zurich’s personal lines intermediated business. It will also integrate with brokers’ software housing systems, and is in the process of being rolled out to Zurich’s ...
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NewsGallagher keeps sponsorship deal after apologising for racist language
The Rugby Premiership has responded to a letter from Sir Vince Cable urging the Gallagher sponsorship deal to be reconsidered
