All Online only articles – Page 50
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Online onlyABI warns on transparency of broker commissions
It is “only a matter of time” before regulators force greater transparency of broker commission, according to the ABI. Speaking at the Birmingham Insurance Institute on Wednesday, ABI director general insurance policy James Dalton questioned if it was fair that commercial customers had to ask brokers ...
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Online onlyLiability claim notifications four times higher than pre-recession
UK professional and management liability insurance claim notifications have risen steadily over the last decade and remain four times higher than pre-financial crisis levels, according to a report by Marsh. Marsh, a global insurance broker and risk advisor, recorded that on the onset of the financial ...
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Online onlyL&G reportedly lines up Whitehall mandarin as new chairman
Legal & General is lining up a senior Treasury civil servant as its new chairman, the Daily Mail reported. John Kingman, who is acting permanent secretary at Number 11 and played a key role in the bank bailouts during the financial crisis, is said to be ...
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Online onlyTech & Innovation Awards: Looking for this year’s technology stars
Nominations for the 2016 Tech & Innovation Awards close soon. Last year’s winners talk about the difference an Insurance Times Technology Award has made
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Online onlyInnovation blog: The win-win approach to insurance innovation
In their drive to improve customer and user engagement, insurers can profit from the insights of perceptive start-ups who understand their pain, says Startupbootcamp managing director Sabine VanderLinden
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Online onlyAdmiral adds 'Airbnb' cover to home policies
Admiral has launched home sharing cover as an option on all of its home insurance policies. The cover protects those looking to rent their home through home sharing sites such as Airbnb, Wimdu and Homestay. Policyholders can rent their homes out for up to 90 days ...
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Online onlyNew entrants put pressure on cost of home cover
The price of home insurance has fallen as competition grows in the market, while over 50s’ growing confidence in buying on comparison websites is also having an effect
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Online onlyJune 2016 issue
Cover story: Gallagher and Marsh plot mergers and acquisitions … but insurers back smaller firms
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Online onlyNeos chief exec: 'Insurance suffers from being conservative'
Neos chief executive Matt Poll, who left MoreThan after 15 years to create a home insurance start-up, explains the potential dangers for insurance companies of not engaging with their customers properly, and why they must be more agile with new ideas.
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Online onlyUnimpressed consumers reject 'connected home' transition
Most consumers are unwilling to buy smart home technologies and lack interest in the ‘Internet of Things’, a new survey has found. PricewaterhouseCoopers (PwC) found that 72% of people surveyed were reluctant to adopt smart home technologies such as smart heating systems, renewable energy devices and ...
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Online onlyRoads minister: Driverless car threat 'pie in the sky'
The idea of driverless cars making motor insurance unnecessary is “a lot of pie in the sky”, according to roads minister Andrew Jones. But he added that the advent of the driverless car would mean changes in the insurance industry. Speaking in Milton Keynes, where he ...
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Online only'Fundamentally dishonest' kick boxer KO'd by judge in court
A kick boxer has been ordered to pay £4,000 costs to esure after a public video uncovered the fraud to have falsely claimed the injuries sustained in the ring were received in a previous car accident. Dawid Masel, of Weston-Super-Mare, claimed that he was jolted on ...
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Online onlyAmanda Blanc takes over from Evans as AXA domestic boss
Amanda Blanc has taken over from Paul Evans as AXA UK and Ireland boss. Evans will join AXA’s group management committee, paving the way for Blanc to slip into his shoes. The change means Blanc, who was running general insurance for UK and Ireland, will ...
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Online onlyPet owners hit with £232m vet bill amid 37% claims rejected - report
Nearly four in ten pet claims are rejcted landing UK animal lovers with a collective £232m bill that they have to dig out from their own pockets, according to a report from money.co.uk. The rejection rate of 37 per cent is far higher than for motor ...
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Online onlyBiba victory as MoJ agrees tough action on insurance fraud
Biba scored a major victory yesterday as the Ministry of Justice agreed tough new plans to crack down on the scourge of insurance fraud. The decision is also welcome news to the Carpenters Law-backed Insurance Times Fraud Charter, which has raised the profile of the industry’s ...
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Online onlyMajority of December storm claims settled
To date 85% of insurance claims made for flooded homes and businesses following the December storms have been either fully or partly paid out, according to the Association of British Insurers (ABI). The total number of claims made for damaged buildings currently stands at more than ...
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Online onlyBriefing: How AXA UK transformed itself and the challenge it faces
When he was on form, the wonderfully named Frenchman Philippe Maso y Guell Rivet could deliver some delicious metaphors and crisp descriptions for journalists. And as Insurance Times met Maso on a beautiful spring day in March 2009, the AXA UK chief executive was in fine ...
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Online onlyIngenin and Imaginatik join forces to boost insurance innovation
Imaginatik and Ingenin have formed a global partnership to provide innovation solutions for the insurance industry. Ingenin is an innovation consultancy focused on the insurance industry, which was launched by two co-founders of the AXA Insurance Innovation Hub. Imaginatik has 20-years’ experience of developing sustainable innovation ...
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Online onlyPRA Returns: DLG best performer in personal motor
Motor was once again the worst performing personal business line, with all but two of the insurers falling to an underwriting loss in 2015. On aggregate, the seven insurers studied reported an overall COR of 102.4%, despite reserve releases improving the current year COR by 14 ...
