LV
Operating profit falls almost 60% at Allianz Holdings in 2022
Allianz Holdings has posted a 58.3% drop in operating profit to £132.3m for 2022 as its combined operating ratio deteriorated year on year from 93.2% to 99.2%.
Aviva hit with extra claims costs from cold weather snap
Aviva has estimated that freezing weather in the UK during December will cost the insurer around £50m at a group level.
FCA claims data shows customers get a ‘far better outcome’ via advised broking - Blanc
The FCA’s claims data on personal lines shows customers get a ‘far better outcome’ when taking advise through brokers, according to Aston Lark chief executive Peter Blanc.
Fair value? Which household insurers are rejecting the most claims?
Ageas, Axa UK and LV have some of the highest claims rejection rates in home insurance out of all the insurers who work with brokers, Financial Conduct Authority figures show.
Broker insurance fraud cheat given suspended prison sentence
Lois Cartridge from Bournemouth, an insurance account handler at a broker, has been given given a custodial sentence of 16 weeks, suspended for 12 months, and ordered to pay costs of over £20,000 after exaggerating the severity of her whiplash claim.
ABI publishes new Blueprint to help improve diversity and inclusion
The Association of British Insurers has published a new Blueprint which sets out a multi-year strategy and work plan to improve diversity, equity and inclusion across the insurance and long-term savings industry.
Backpage: November 2022
The lighter side of the insurance world.
‘You would be a fool to ignore a business like Amazon’
Brokers confident in the strength of delivering advice as experts share their views on Amazon partnering with Ageas, LV and Co-op to launch a home insurance offering.
People Moves: 17-21 October 2022
Keep up to date on the latest personnel changes in insurance.
Amazon partners with Ageas, LV and Co-op on home insurance launch
Amazon has moved into the UK home and contents insurance market with the launch of Amazon Insurance Store and promised more is yet to come.
James Dalton leaves the ABI to join the MIB
The Motor Insurers' Bureau has made a series of new senior leadership hires including the director of general insurance policy at Association of British Insurers, James Dalton.
Markerstudy recruits new head of fraud from LV
Markerstudy has appointed Clare Lunn to a new role of head of fraud.
Worries remain on subsidence but claims volume still uncertain
Earlier this month LV released figures showing that subsidence cases were up by 205% between June and July, and warned that they were likely to increase even more.
LV issues fire and subsidence warning amid heatwave
LV Insurance has warned that the claims for heat and fire have increased due to the extreme weather the UK is currently experiencing.
GWP up but profit and COR deteriorate for Allianz Holdings
Allianz Holdings has posted a drop in profit of 42%, from £170m to £99m for the first half of 2022.
Allianz names Ashish Patel as COO
Allianz Holdings has appointed Ashish Patel as chief operating officer after Stephanie Smith left at the end of 2021.
People Moves: 11-15 July 2022
Stay informed of the top personnel changes in insurance.
Analysis: The challenge to build back better – as trust in insurance drops
Consumer trust in insurance has fallen over the past 12 months, but experts can see a route to a brighter future. Emmanuel Kenning reports.
Roundtable: How can brokers blossom in the ever-evolving EV market?
The electric vehicle and hybrid market is set to grow exponentially in the next decade as UK motorists are encouraged to transition from internal combustion engines. Our expert panel and sponsor AX learn more.
Insurtech app Honcho shuts up shop
Motor specialist Honcho has closed for business after three years of trading citing difficulty acquiring customers and the competitive environment as reasons for the closure.
LV adds Sam Dansey to lead home underwriting
LV has appointed Sam Dansey to head up its home underwriting team joining from Flood Re, Insurance Age can reveal.
2022 Empower Ethnic Minority Executives list names insurance stars
Four people from Aviva, Beazley, Sompo International and Axa XL have made the listing of 100 executive role models.
Flood Re launches resilience initiative
The government-backed Flood Re schemes has developed the Build Back Better scheme to help make homes more resilient against flooding.
Analysis: The inflation challenge
The ever-increasing rate of inflation in the UK and certainty of more to come has led to warnings of challenges for brokers and insurers alike with issues ranging from difficult conversations on premium rises to underinsurance and the prospect of turning…