Insurance & Reinsurance

FCA Action on Pricing May Cause Legacy Systems Headache for Insurers

The recent letter sent by the FCA to insurers regarding their portfolio of products, how customers make buying decisions and the crucial issue of pricing for loyal customers renewing policies, when compared to rates offered […]

Opinion

Bank Branch Closures Are Bad News for Insurers Too, Not Everyone is Online

The recent news that High Street banks are continuing to close branches and do away with paper statements is a blow to those who still have no internet access in the UK, or simply prefer […]

Insurance Regulation

FCA Report on Insurance Pricing – Where is The Loyalty Bonus?

The FCA has today published the interim report of its market study into the pricing of home and motor insurance. The FCA found that competition is not working well for all consumers in these markets. It sets out […]

News

Latest Insurance Fraud Stats UK: IFB Reaction & Insights

Here is some reaction and extra comment in response to the ABI stats on insurance fraud over the last year, from the IFB’s Director, Ben Fletcher; “Improved reporting and easy access to shared intelligence are helping […]

Opinion

Opinion: No Excuse for Insurers to Take 20+ Days to Pay On Claims

In this Opinion piece, Angus McDonald, Co-Founder and CEO of insurtech company Cover Genius, the parent company of XCover, looks at how quicker payments are an absolute necessity in a global insurance marketplace. A rise […]

Insurance Regulation

ACSO Reaction to ABI Premium Tracker Announcement

Matthew Maxwell Scott, executive director of ACSO, has criticised the ABI after the trade body issued its latest premium tracker today (29 July). He said: “The ABI’s inconsistency on personal injury is breathtaking. Today, Mark […]

Global insurance trends

Marine Insurance Costs Set to Rise as Persian Gulf Drama Plays Out

Jonathan Moss, head of transport and marine at global legal business, DWF,  comments on the seizure of the British vessel in the Persian Gulf and the subsequent impact on insurance premiums. He said: “The seizure […]