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Quizzical questions: 31 August 2018
Test your knowledge of the week's news with our topical quiz.
Claims management possible Amazon target
Consultancy says Amazon’s capabilities position it best for a claims management role.
Which? report highlights dual pricing
Survey shows dual pricing in home cover as some long term policyholders pay up to £105 more than new customers.
Opinion: The price isn't right
Ethics consultant Duncan Minty explores the issue of customer trust and pricing
InsurTech Futures: Zego partners with RSA on courier product
Start-up says pay-as-you-go product allows couriers to automatically be insured for the time they work.
The Blog Spot: Fighting crime
The ABI’s latest research on insurance fraud in the UK did not use the phrase “ghost broking” but it did reference a fraudster being jailed for selling fake motor insurance policies.
Aviva denies being on “big crusade on broker commissions”
Aviva MD of UK intermediaries, Phil Bayles, says distribution costs need to improve in the sector but denies there is a commission problem following dispute with GRP.
Profits shoot up at Hastings in the first half of 2018
CFO Richard Hoskins says focus is on "disciplined growth" and investing in digital initiatives.
LV making “good progress”
Steve Treloar points to personal lines growth and highlights that the insurer has increased its number of broker partners as business moves between LV and Allianz.
LV results hit by weather claims
Profit and COR deteriorates for H1 2018 but GWP increases to £827m amid transfer of business with Allianz.
Former LV boss Phil Bunker joins The AA
The Financial Conduct Authority has approved Bunker as a non-executive director.
Commercial business switch from LV to Allianz begins on Monday
Boss Jon Dye silent on future potential acquisition targets.
Podcast: The top five stories of the week
Emmanuel Kenning and Jonathan Swift share their views on the most clicked on articles by brokers.
Operating profit rises at Allianz as COR improves in first half of 2018
GWP flat as business transfers to LV.
Commercial lines firing for Aviva and broker partners, says Bayles
Insurer’s leaders keen on further schemes growth as they report progress in personal lines.
RSA UK posts £39m underwriting profit
COR also improved to 97.0% despite costs arising from the ‘Beast from the East’ but group results are “below ambitions”.
FCA confirms 1 November start date for affordability tests
Premium finance firms tell brokers they are ready for the changes.
Axa growth driven by commercial
Interim CEO says positive commercial performance was down to broker channel and reveals incoming CEO Claudio Gienal sees the value of UK broker market.
Axa UK & Ireland revenue grows to £2.5bn
COR improves to 97.2%.
GI operating profits fall at Aviva UK
Insurer’s UK COR for the first six months of 2018 slips to 94.3%.
Principal reports large double digit turnover leap for 2017
Broker cites investment costs as profits fall.
Hiscox predicting cyber and security policies expansion in 2018
SME remains a growth “engine” for the provider.
Hiscox posts rising premium and profit for start of 2018
Insurer planning for “muted” growth from brokers.
AA’s research finds home premiums on the rise in Q2 2018
Company flags insurer fears over subsidence claims.