Insurer
Building body warns of “disaster” amid construction capacity squeeze
The Association of Consultant Approved Inspectors (ACAI) has called on the government to review its Approved Inspectors Scheme of Insurance.
The Insurance Age Podcast: 26 July 2019
The Insurance Age editorial team dig into this week's top stories.
Quizzical questions: 26 July 2019
Test your knowledge of the week's news with our topical quiz.
FCA extends use of temporary transitional powers until the end of 2020
Move reflects the extension of Article 50 and guidance remains the same despite the timeline change.
Allianz appoints commercial lines pricing lead
Claire Buck has been promoted to the position after joining the provider in 2004.
Personal Finance Society responds to FCA vulnerability study
Insurance Cares: CEO Keith Richards reminds the market that understanding vulnerability is a long learning process.
ABI hopes Boris Johnson will focus on regulation as PM
Director general of the ABI, Huw Evans hopes that Johnson will implement an orderly Brexit and aid the industry by “improving the competitiveness of our tax and regulatory environment.”
InsurTech Futures: Aviva-backed Neos sells 75,000 smart cameras
Home insurance provider will soon be targeting brokers too.
#Insagepeople 22-26 July 2019
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Beazley’s COR worsens to 100% in H1 2019
But provider also reveals 189% pre-tax profit jump as new head of broker relations, Lou Ann Layton, states there is “lots of room for growth in the brokerage community”.
XL Catlin v Orbit Underwriting court case settled
Case against wholesale broker, which is in administration, related to the misuse of funds.
FCA pledges tough action for vulnerable customers amid consultation launch
Insurance Cares: Watchdog says it will implement measures to ensure consumers are treated fairly.
Axa XL partly pulls out of leisure
Insurer to stop working with UK-based coverholder LeisureInsure from 1 August in a move which hits the Irish market.
Ecclesiastical launches risk management modules
The guidance modules will educate brokers on issues facing heritage properties.
MOJ defends discount rate decision
The government hits back at criticism from the ABI pointing out a rate of between 0-1% was never guaranteed.
The Insurance Age Podcast: 19 July 2019
The Insurance Age editorial team dig into this week's top stories.
NED salaries in the insurance sector revealed
Research shows brokers pay their non-executive directors 18% less than insurers do.
FSCS agrees Alpha replacement cover deal
Collapsed Danish insurer's latent defect policyholders will now be covered by a new, solvent insurer.
Brokers must transform to evade threat of AI - report
Publication suggests that brokers who rely on their paperwork skills or only act as a go-between the client and underwriter will be challenged by AI solutions.
ABI bites back on discount rate
UPDATED: The association said the impact assessment is “misleading and disingenuous” in a letter to Lord Chancellor, David Gauke, following the announcement it would be set at -0.25%.
Quizzical questions: 19 July 2019
Test your knowledge of the week's news with our topical quiz.
Mactavish criticises industry for "knee-jerk reaction" in hardening market
Technical director Rob Smart warns of capacity issues in construction and urges brokers to get started early to avoid leaving companies without insurance.
FCA reiterates dual pricing concerns
CII urges insurers to act now as FCA says findings from GI market study into dual pricing will be published later this year.
Construction firm unable to find insurance due to lack of capacity
Howden says current situation has put "incredible pressure" on the only compliant scheme available to customers.