Insurance & Reinsurance

Mutual Insurance CEO Paid Wife £52K for Admin Work, FCA Takes Action

Latest news direct from the FCA; The Financial Conduct Authority (‘FCA’) and the Prudential Regulation Authority (‘PRA’) have decided to ban and fine Stuart Malcolm Forsyth, the former CEO of a small mutual insurer, £78,318 […]

Insurance Brokers

Broker: Semafone Offers Real Time Analytics on Card Payment Data

 Semafone®, the leading provider of data security and multi-channel compliance solutions for call and contact centres, today announced Intelligence+, a real-time data analytics offering, integrated into its award-winning and patented telephone payments solution – Cardprotect Voice+. Intelligence+ ensures that […]

Insurance Brokers

Compliance: Semafone Uprades its Card Payments Solution

 Semafone®, the leading provider of data security and multi-channel compliance solutions for call and contact centres, today announced that it has added a range of new features to its award-winning and patented telephone payments solution – Cardprotect Voice+. One […]

Insurance & Reinsurance

First Payments of $12.8m Made by CCRIF for Hurricane Dorian Damage

CCRIF announced today that it has made two payouts to the Government of The Bahamas totalling US$12.8 million (US$12,824,153) following the passage of Hurricane Dorian that caused widespread devastation in the northern part of the […]

Insurance Regulation

Touma FX Fine is a Red Flag For Insurance Sector – Follow The Money

One important aspect of insurance compliance is being aware of money laundering, and genuinely knowing your customer. In an era when international payments are being sent instantly, sometimes in a basket of currencies, by a […]

News

CCRIF Makes $11m Initial Payment to Bahamas, Following Hurricane Dorian

CCRIF will pay The Bahamas approximately eleven million United States dollars (US$10,936,103) following the passage of Hurricane Dorian that caused widespread devastation in the northern part of the 700-island archipelago. The Bahamas has 3 tropical […]

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 […]

Lloyd's/London Market

Lloyd’s Market: Beat Syndicate Announces Pre-Approval Invoice Deal

Beat Syndicate 4242 of Lloyd’s has become the first globally to insure the instant payment of business to business invoices against dilution risk, creating a brand new category of insurance for pre-approval invoice payments. Working […]