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Latest news on insurtech, insurance, reinsurance, uk industry insights and opinions, latest Lloyd’s and London market reports, stats and more for brokers, MGAs, insurers and suppliers.

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Household Insurance

Update: Marsh UK flood cover has insurer backing

3 April 2012 alastair walker 0

Global broking group Marsh said its affordable flood insurance plan has “critical mass”, despite pessimism from one commentator today.

Marsh and its sister company Guy Carpenter announced ‘Project Noah’ which they claim can secure affordable flood insurance for at risk properties in the UK, only to have the idea chastised following a tweet from an Insurance Edge reader.

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Insurance & Reinsurance

Could the police outsource to insurers?

12 March 2012 alastair walker 0

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

8 March 2012 alastair walker 1

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, […]

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Insurance & Reinsurance

Lloyd’s promises sanction against Bribery Act failures

6 March 2012 alastair walker 0

Lloyd’s has issued a further reminder to members that it will punish those who ignore the risks posed by the UK Bribery Act 2010. According to law firm CMS Cameron McKenna, there is concern that […]

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Insurance & Reinsurance

No threat of ‘Russian Spring’ says JLT Analyst

5 March 2012 alastair walker 0

Elizabeth Stephens, Head of Credit and Political Risk Analysis for insurance broking group JLT, explores what the fractious political atmosphere holds in store for Russia following the Presidential elections on 4th March. “This time last […]