Articles by Peta Fuller
Axa tops broker survey
Broker network Brokerbility has placed Axa in pole position in its latest biannual survey.
Cyber costs could be offset against IPT: report
A report into the state of cyber resilience raises the possible benefits of industry-specific tax breaks for companies investing in cyber measures, with the report from lobby group The City UK and Marsh stating industry should explore this with…
Claims management company fined £250,000 by ICO after making 17.5m nuisance calls
Blackburn-based Check Point Claims has been fined £250,000 by the Information Commissioner’s Office, which launched an investigation following 248 complaints.
Allianz’s commercial COR stronger than personal as restructuring continues
Allianz has reported an 89.9% combined ratio in commercial for Q1 2016 but despite improvements, its personal lines COR remains over 100 at 101.2% (FY 2015: 106%).
Neil Thornton added to Bluefin’s case against GRP
Former Bluefin commercial head Neil Thornton has been added as the fifth defendant in the case against Global Risk Partners.
Ryan Direct and Close Brothers extend contract
Ryan Direct Group and Close Brothers will enter an exclusive contract in the home SME and motor books for a further three years.
Generali sees adverse market conditions impact results but COR improves
Market conditions hit Generali’s bottom line via its investments for the first quarter, with net profit down 13.8% (or €588m), but combined operating ratio improved to 92% from the previous quarter.
Marine insurer Skuld reports 95% COR but flat bottom line for 2015
Oslo-based Skuld has seen an improvement in its combined operating ratio to 95% (2014: 99%) but reported a flat bottom line result of $13m for 2015 (2014: $13.5m or £9.3m).
Geo-blocking changes in Europe could have ‘substantial impact’ on insurers
The Actuarial Association of Europe has called on the European Commission to consider the definition of justifiable geo-blocking, especially in the context of insurance.
Quiz of the week – 13 May
Test your knowledge of the week's insurance news, and Biba 2016, with the Post insurance quiz of the week.
Biba 2016: Chubb to focus on local access to attract independent brokers
Newly merged Chubb will launch around 16 new or enhanced products this year with the company shifting its underwriting proposition to a more local focus.
Manchester ghostbroker convicted after faking over 150 policies
A ghostbroker who set up more than 150 fraudulent motor policies with Aviva has been caught in Manchester and faces almost two years in jail.
Biba 2016: Brokers should look to industry disruptors to stay ahead
Insurers shouldn't be alone in tackling market disruption, it’s time for brokers to get in on the act, according to Axa Assistance.
Biba 2016: Top Biba award goes to joint winners for first time
Bob Nicholls and Ian Raper have been named joint winners of the British Insurance Brokers’ Association’s top gong for contributions to the organisation.
Biba 2016: Biba ‘on track’ to develop flood insurance scheme for SMEs
A scheme to provide flood cover for most businesses should be launched by autumn this year, the British Insurance Brokers’ Association CEO Steve White announced today (11 May).
Norway loses top spot to Switzerland in FM Global’s 2016 annual resilience index
Insurer FM Global’s 2016 survey into business supply chain resilience saw Norway drop to second behind Switzerland, making the central European nation most resilient to disruption according to the index.
Ex-RSA claims handler gets 10 months jail following fraud conviction
An RSA claims handler admitted to illegally sharing customer details with a law firm as well as adding friends and family to genuine claims.
Axa to launch tool to tackle underinsurance in commercial sector
Brokers can more accurately calculate the business interruption risk for commercial clients with a new online calculator from Axa.
ILAA to launch review service for disputed claims
The Independent Loss Adjusters Association will launch a claims review service next Tuesday (10 May) in a move to help cut down on legal costs over disputed claims.
Oil and gas services sector targeted in new product from Willis Towers Watson
Willis Towers Watson has launched a product specifically for suppliers to the changeable oil and gas industry.
Brexit would ‘significantly damage’ London Market, says IUA
Underwriters have raised concerns Brexit would limit access to markets and “significantly damage” London Market companies, according to the International Underwriting Association.
People: I work in insurance: Martin Banasik
Martin Banasik MSc, CEng, FIMechE is principal engineer (lift and crane) at Allianz Engineering
A fifth of European consumers would buy insurance or banking products from Google, Amazon or Facebook reveals a study
Customers could increasingly turn to big-name disruptive firms in the financial services sector, according to a survey of the European market by Fujitsu.
Ice cream van fraudster feels the heat from IFED and insurers
A man who was involved in staged accidents using an ice cream van has been convicted on fraud charges. The crash-for-cash scam would have cost insurers almost £100,000 if they paid out in full.