Software provider is forced to suspend its service on aggregators following a breach of its link-up wih Google Compare
The security around using price comparison websites has been called into question following a breach of software provider SSP’s link-up with Google Compare.
SSP immediately suspended its service on aggregators following the “unauthorised attack”.
Breaches of this nature are uncommon, but will be a serious concern to brokers and the market, which uses the sites to obtain quotes.
If people’s personal details have been accessed, this could potentially result in identity theft and other types of fraud.
This is not the first and or the last time the industry has suffered from costly online glitches. Earlier this year, brokers were shut out of Aviva personal lines motor quote system.
The problem occurred when software house Insurecom’s system rejected an upgrade to Aviva’s personal lines rating software.
Meanwhile, Allianz UK’s non-life business has continued to deliver consistent operating profits this year to date, despite suffering a 6% dip in third-quarter profit.
The reasons behind the decline are yet to be revealed. However, the results show that underwriting profitability deteriorated owing to an increased loss ratio for the first nine months of the year. It was a similar story for the third quarter.
The results are in contrast to that of the group, which improved its non-life operating profit for both the third quarter and the first nine months of 2012 as its property/catastrophe business was boosted by price increases and lower claims.
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