Latest News – Page 639
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NewsThe CII to transform faculties into societies
The CII says it is “part of a wider engagement strategy”
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NewsRipe launches new tailored policy service for small businesses
Ripe want to allow businesses with 10 employees or less “to build their perfect insurance policy”
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NewsFraudster sentenced for inflated insurance claim worth over £240,000
Alex Markham inflated the value of filming equipment stolen from him during a burglary
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NewsAllianz opens new "flagship" commercial office in Southampton
Allianz opens new “flagship” Southampton commercial office
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NewsIDD deadline push-back welcomed by the market
The delay to the Insurance Distribution Directive (IDD) deadline has been welcomed by the market
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NewsArdonagh confirms purchases of Carole Nash and Mastercover
Ardonagh announced the acquisitions in October, but have now confirmed the paperwork has been exchanged
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NewsDavies enhances digital capability with fifth acquisition of 2017
Davies acquires motor engineering and total loss solutions provider TLSS to form part of Davies Motor
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NewsConvicted insurance fraudster ordered to pay back over £183,000
Dr Benjamin Chang has to pay over £183,000 within three months, or his sentence is doubled
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NewsTelematics saved UK drivers £160m in 2017
UK drivers saved around £167 through usage-based insurance (UBI) policies
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NewsSchemeServe expansion "reflects demand for insurtech"
SchemeServe grew 15% in the last six months, which it says ”has been fuelled further by the race for brokers to reap the rewards of the Insurtech revolution.”
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NewsAllianz pumps $96.6m into microinsurer BIMA
Microinsurer BIMA will benefit from a $96.6m investment from Allianz X
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NewsLemonade raises $120m in latest funding round
US insurtech disruptor Lemonade raises $120m in latest funding round
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NewsVolante to launch new multi-class international MGA
Volante Global Limited, a new multi-class and multi-territory international managing general agent (MGA) platform, will launch and commence trading during Q1 2018
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NewsBacklash after car seized by cops for “not being insured for commuting”
West Yorkshire Police have been blasted on social media for seizing the car, with one person asking if there were “no real criminals to catch?”
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NewsRisk of young driver accidents increases 12% in winter months
Insurethebox urges young drivers to take care in the winter months, as its driving data shows the likelihood of a crash increases by 12%
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NewsDon’t get caught out by festive flooding, warns the ABI
After three storms caused £1.3bn of damage around the festive period in 2015, insurers are ready to respond to any flooding that takes place this year
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NewsNon-standard property MGA joins Acturis e-trade platform
MGA U-sure becomes “first” non-standard property provider to be added to Acturis’ e-trading platform
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NewsBuilding regulations interim report shows “badly broken” system - ABI
Building regulations report follows Grenfell Tower tragedy, in which 71 people were killed
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NewsAviva paid 96% of claims in 2016, worth over £2.7bn
Aviva paid £2.7bn last year in cash settlements and services to more than 775,000 UK customers
