Insurance & Reinsurance

Insurers paying fewer claims says BIBA

by Ralph Savage New research has accused insurers of becoming stricter on paying claims in the economic downturn. According to the British Insurance Brokers’ Association (BIBA), 90% of insurance brokers believe that insurers are becoming […]

Insurance & Reinsurance

Will 2013 be insurers’ year of austerity?

By Ralph Savage After a Channel 4 dressing down by Dispatches, the insurance industry’s relationship with UK motorists is likely to be a defining issue for 2013. The alleged role in which some insurers themselves have […]

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Insurance Regulation

S&P predicts challenging 2013 for UK non-life market

The UK non-life insurance market is facing a range of significant challenges which will make 2012-2013 ‘difficult’ for companies, according to Standard & Poors ratings services. In its latest report on the market, S&P highlights […]

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Household Insurance

ABI repeats flood challenge to UK Government

The Association of British Insurers has released a statement, calling on the Government to commit to a joint solution to ensure long term affordable flood insurance for high-risk households. The ABI described the current state […]

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Motor Insurance

CII reacts to BBC’s ‘unfair underwriting’ taunt

Young Chartered Insurance Institute (CII) members are pushing for a thorough analysis of the effect of speed awareness courses on driver safety and how they should influence the premiums insurance companies charge motorists. The recommendation […]

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Global insurance trends

Commercial risks leaning towards liability and growth markets

Commercial insurance is a $600 bn business globally, the US accounts for 40% of it Liability insurance is gaining importance compared to property insurance in the rapidly changing mature economies Contingent business interruption risk is […]

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Artificial Intelligence

Insurers must be held back in public data scramble

There must be limits to the way our publicly available data is accessed and used by private organisations such as insurance companies. I am as enthused about social media as anyone, but a free for all backed by the resources of a £20bn industry cannot be enabled without a substantial ethical debate. […]