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 […]

News

ABI Reaction to Cabinet Reshuffle

Welcoming Sajid Javid’s appointment as Chancellor, Director General of the Association of British Insurers, Huw Evans, said: ā€œI worked closely with Sajid Javid in the negotiations to establish Flood Re and look forward to his […]

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, Ā comments on the seizure of the British vessel in the Persian Gulf and the subsequent impact on insurance premiums. He said: “The seizure […]

Insurance Regulation

Regulatory: ABI Slams Government Over Discount Rate Change

In the wake of the Ministry of Justice setting a new Discount Rate of minus 0.25%, Director General of the Association of British Insurers, Huw Evans, has written a letter to Lord Chancellor David Gauke […]

Insurance Regulation

FCA Report: Industry Reaction to Findings on Insurance Distribution

The FCA issued a report on the distribution of insurance products from the General Insurers, via the MGA and broker networks. In particular the FCA looked at whether consumers were getting the right information, and […]