All articles by Newsdesk – Page 19
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News
Biba working with Capita and Landmark on SME flood solution
Trade body aiming to find cover for those excluded from Flood Re
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Personal motor rose 8.6% in fourth quarter – Biba/Acturis
Household rates fell 4.8% and commercial rates were down 0.5%
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Insurance Fraud Taskforce recommends crackdown on late claims
Recommendations include ways to tackle nuisance calls
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Biba and government team up to help brokers give better cyber advice
Biba will sponsor members to join government’s information sharing scheme and benefit from real-time cyber threat information.
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One Commercial hires senior sales manager from Willis Networks
Steve Moore has joined the MGA as regional sales manager for the Midlands and the South West region
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Signposting agreement for older policyholders renewed
Since launch of agreement in 2012 around 200,000 older motorists and holiday makers have been signposted
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Flood claims not enough to halt rate cutting – Moody’s
DLG, Lloyds Bank, Aviva, RSA and AXA will be hardest hit by claims
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Accelerate eyeing more opportunities following JRW deal
Recent hire Keith Jackson to help new MGA pursue business in Scotland and north of England
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LV= chooses Guidewire for underwriting admin software
The software provider already serves LV=’s claims department
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Agenda
Covéa hires household underwriting manager from Zurich
Linda Granger joins the insurer as it integrates with HNW insurer Sterling
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Standalone cyber polices are the only way for full cover - IUA
Report finds many conventional classes of business have cyber exclusions
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Winter storms to cost general insurers £1.4bn - PwC
UK general insurance market is set to invest in technology and staff
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Allianz's Chinese partner questioned by regulators
Probe into accusations of data leaks and biased search optimisation
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Agenda
Cornish Mutual raises record breaking funds for local charity
The firm chooses a different charity to support each year, but this year’s total far outweighs any other raised before.
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Review questions FCA independence from government
Recent government interventions and intense public scrutiny have also negatively impacted FCA culture and morale
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Jelf network Purple takes Manchester broker from Willis N2
Wilsons Insurance Group becomes Purple’s 100th member
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Biba flood cover solution for SMEs to involve large brokers
The alternative proposition the trade body is working on will not require a levy on insurers
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Storm Desmond to cost insurers £759m – PERILS
Storm caused £717m of flood damage and £42m of wind damage
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NIG to axe 71 jobs in cost-cutting move
Insurer shifting functions to India from Manchester and Bristol