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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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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Insurance & Reinsurance

UK motor insurers’ underwriting results rebound 14%

A 10% rise in gross written premiums failed to put UK motor insurers in the black during 2011, according to Deloitte. The market experienced “greatly improved financial results in 2011 but need to do more […]

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Global insurance trends

#BIBA2012 Insurers enjoying clear path down corridors of power

When Andrew Marr told delegates at the British Insurance Brokers’ Association 2012 conference that insurers have historically been mistrusted around Westminster, I wondered if he might be about to quote former PM Harold Macmillan by adding; ‘but you’ve never had it so good’.

The BBC political commentator opened his speech to a packed Manchester Central Auditorium with the suggestion that general insurers might have been unfairly lumped in with the life insurance market in gaining this poor reputation amongst the political class. […]

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Insurance & Reinsurance

Could the police outsource to insurers?

THE HEAD OF one of the UK’s largest police forces has invited insurers to help and invest in combating fraud and other criminal activity.

In a speech to the Insurance Institute of Manchester, Peter Fahy, chief constable of Greater Manchester Police indicated his support for the idea of law enforcement working more closely with the private sector and ‘outsourcing’ certain services.
“We’ve got to save £138m from our budget,” said Mr Fahy. “We are saving insurance industry money [through our investigations of crash for cash, fraud etc] is there no way we can’t work together more?” […]

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Household Insurance

Insurers to lead unwanted elderly customers towards correct aisle

INSURERS UNABLE TO offer cover because of age restrictions  will have to direct the applicant towards an appropriate provider, according to new rules announced today. In a speech to the Age UK conference, Otto Thoresen, […]