All Insurance Times articles in On-Line Archive – Page 1927
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NewsEx-Biba small broker chair: 'speak candidly about commissions'
Yutree Insurance managing director Kevin Hancock said it was time for brokers to speak candidly to customers about commissions they earned and what a client might get for the payments. He was responding to comments by ABI director of general insurance policy James Dalton calling for ...
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NewsWhy enter the Tech & Innovation Awards?
What does it take to enter for the Insurance Times Tech & Innovation Awards? Here, four entrants for this year’s awards talk about their achievements and what motivated them to nominate their products and innovations. Click here today to give your team the recognition they deserve ...
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NewsZurich unveils major company shake-up
Zurich today unveiled a new reporting structure and management shake-up. New boss Mario Greco has decided to combine Zurich’s non-life and life management business under the control of one management team. Under the shake-up, regional heads will report into the group chief executive Mario Greco. Meanwhile, ...
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NewsIGO4 names Sandy Dunn as board adviser
Personal lines and telematics broker iGO4 has appointed Sandy Dunn as a board advisor. Formerly holding senior roles at Markerstudy, Capita, Swinton, BDML, Supercover and Wunelli, Dunn stepped down from a number of non-executive and chairman positions at the end of 2015, iGO4 said. “Sandy … ...
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NewsCyber blog: SMEs – the soft underbelly cyber criminals love to target
NIG Director of Underwriting and Pricing Justin Clarke examines how cyber crime can affect small to medium-sized businesses. And just as importantly, how the industry and the European Union are mobilising resources to fight back against this growing threat.
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NewsTelematics data helps uncover £500,000 fraud – Insurethebox
Insurance fraud cases worth £500,000 have been uncovered by telematics underwriting agency Insurethebox using data collected from black boxes inside cars. The firm said it had used the data to disprove 31 claims, involving seven accidents over five months, and taken the drivers to court. In one example, the claimant ...
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NewsEuropean regulator insurer stress test is ‘half cooked’ – Allianz
Allianz has criticised plans by the EU’s pensions and insurance regulator Eiopa for EU-wide stress tests, calling them “half cooked”. The insurer is also worried that the test results could be used by the European Systemic Risk Board, which looks for risks to the financial system ...
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NewsHalf of insurers fear 20% of business will be lost to tech start-ups - PwC
Almost half (48%) of insurers fear that up to one-fifth of their business could be lost to standalone fintech companies within the next five years. According a new research by PwC, this fear has been driven by annual investments in insurtech start-ups that have increased fivefold ...
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NewsRSA extends telematics deal with Trak Global
Trak Global has extended its contract with RSA to continue providing telematics, policy administration and business information for the insurer’s More Than Smart Wheels offering for young drivers. The two-year extension follows a three-year partnership between RSA and Trak Global. RSA Global Telematics director Kenny Leitch ...
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NewsSurvey: FCA's TCF agenda overloading brokers
The FCA’s drive for better behaviour in the insurance broking sector is overloading firms and customers with information, according to the first Insurance Times Broker Regulation Survey. According to RWA Business Consultancy founder and compliance expert Robin Wood this overload could hinder the FCA’s Treating Customers ...
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NewsCopying Norway's EU model will exclude us from big decisions – ABI
The ABI has given its support to the prime minister’s campaign to remain in the EU. During an interview on BBC’s Andrew Marr show yesterday, David Cameron said that even if the UK replicated the Norway model of being outside the EU with access to the ...
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NewsPwC and Z/Yen launch global study into benefits of blockchain
PwC and blockchain consultancy Z/Yen are collaborating on research to identify the potential benefits of mutually distributed ledger (MDL) technology for wholesale insurance. The global research report will be published in July alongside a prototype proof of concept being developed by PwC at its blockchain research ...
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NewsAccelerated crackdown on CMC cold calling needed
The government needs to accelerate the new regulatory regime for claims management companies to eliminate the plague of cold calling, Minster Law head of legal Charles Layfield tells Insurance Times.
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NewsPRA approves Direct Line Group’s Solvency II model
The PRA has approved Direct Line Group’s Solvency II partial internal model. It means the insurer will be able to use the model to calculate its capital requirements under Solvency II from 1 July this year. The company plans to publish more details about its Solvency ...
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NewsNew head for Zurich Municipal as Anne Torry shifts to life unit
Zurich has named Zurich Municipal managing director Anne Torry (pictured) as its new permanent UK life chief executive. Torry’s deputy and director of public sector, Andrew Jepp, will replace her as head of Zurich Municipal. Jepp has been at Zurich for 22 years, Torry will take ...
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NewsGocompare accused of pushing more expensive phone numbers
Esure-owned price comparison site Gocompare has been accused of advertising more expensive phone numbers for insurance companies on its website where cheaper or free ones were available. The website has uses dozens of 084 numbers which charge up to 52p a minute to call – of ...
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NewsMarkerstudy boss urges staff to vote for staying in EU
Markerstudy Group chief executive Kevin Spencer has emailed his staff urging them to vote to remain in the EU. In his letter to 4,000 employees, Spencer said that their decision would affect the business and them as an employee, Kent Online reports. The note said: “I’m ...
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NewsLast day for Tech and Innovation awards entries. Click here to enter now!
Today is the last day you can grab your chance to enter the Insurance Times Tech and Innovation awards.
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NewsKorean Re Q&A: Impacts of technology on insurance industry
Korean Re president and chief executive Jong-Gyu Won spoke to our sister publication Global Reinsurance about the role and impact of new technology in the insurance industry
