Insurer
Amazon states “disruption” plans in job advert
The tech giant is seeking a product manager for EU product insurance and outlines its intention to “disrupt” the way traditional product services are acquired and delivered.
In Focus: Opportunity in apps
Sam Barrett explores how brokers can make the best use of app technology and looks into how to secure customer engagement.
EY warns of loss making home insurance market in 2018
Consultants flag falling rates and rising costs and predict 101.7% market NCR.
Allianz third quarter results hit by large losses
Insurer posts COR of 98.2% for first nine months of 2017.
Paul Evans to leave Axa
Former UK CEO is leaving the insurer following global “simplification” of its operating model.
Sabre announces Stock Exchange float
The insurer expects to raise around £213m from the London Stock Exchange float.
Whitepaper: From street food to seaside tourism
New report on the changing face of the hospitality sector.
Amazon silent on insurance disruption rumours
A data company has stated that the tech firm is assembling an insurance team to disrupt the sector and is advertising for jobs.
#Insagepeople: 6 - 12 November 2017
Keep up to date with all the latest people moves.
FCA to launch enquiry into wholesale insurance brokers
Regulator aims to ensure the wholesale market "fosters innovation and competition".
FCA warns lack of AR monitoring puts customers at risk
Regulator issues alert to principals after finding that some fail to undertake sufficient due diligence on ARs.
Up to 50 people at risk of redundancy at Markerstudy
Insurer says restructure in Chesterfield call centre is due to falling claims frequencies.
Preservation Capital Partners invests in Ascent Underwriting
Private equity firm to provide capital for growth plans including acquisitions.
Axa launches Broker Future training programme
The scheme will see trainees attend seminars in Paris along with the winner of Broker Apprentice.
Brexit could see 75,000 financial services jobs lost
Reports suggest that the Bank of England believes that many London roles could go overseas if there is no Brexit trade agreement in place.
#Insagepeople: 30 October - 05 November 2017
Keep up to date with all the latest people moves.
ABI hits out at FSCS fee proposals
Biba says brokers should not be worse off and calls again for a separate funding class.
IPT raises £4.8bn a year
ABI calls on government to cease this tax “raid on the responsible” and say no to further rises as report highlights lack of consumer awareness about the tax.
Modest increase in home insurance premiums
The AA Insurance Premium Index for Q3 2017 shows a small rise but includes warning that costs could increase if bad weather and IPT bite.
Treasury Committee calls for changes to Solvency II post-Brexit
Committee wants discussion between the PRA and the industry in response to "practical difficulties" of Solvency II.
Sian Fisher insists Aldermanbury sale will result in savings long term
The CII CEO responded to criticism about the decision to sell the historic Aldermanbury building to the City of London Corporation.
Markerstudy brings together retail and affinity operations
Ross Barrington to lead the new combined division.
Social engineering fastest rising cause of data breaches
Beazley report reveals hacking and malware attacks are also on the rise for financial institution firms.
PPI complaints on the rise following FCA advert, says the FOS
Two-year campaign encourages customers to act before complaints deadline in August 2019.