UK
Q&A: Beatriz Valenti, QBE Europe
QBE Europe's director of insurance shares her growth plans, the importance of finding the right talent and need to diversify product offerings.
Insurers welcome Automated Vehicles Bill included in the King’s Speech
The King’s Speech announced the government's intention to, in this parliament, introduce long-awaited legislation covering the use of self-driving vehicles on the UK’s roads.
Big Interview: Swiss Re CEO Jason Richards
Jason Richards, CEO of Swiss Re in the UK and Ireland, on why having colleagues back in the office is essential for the insurance ecosystem, and why carriers needs to shout about what the industry does to attract fresh talent.
Implementing dual PI discount rate could be ‘complicated’
Speaking at an Association of British Insurers event, a panel of experts agreed that while a dual discount rate could lead to better accuracy, it could prove to be very complicated to work with.
Storm Babet to cost insurers at least £450m
Fresh estimates from PWC calculate the costs of damage due to the severe weather caused by storm Babet to be between £450m and £650m.
UK government backs insurance partnership to rebuild Ukraine
The UK government has backed an insurance scheme developed by the European Bank for Reconstruction and Development to boost the provision of cover for war risks in Ukraine.
Home insurance costs continue to rise following ‘worst year on record’
Analysis by Ernst & Young has revealed that home insurance suffered its worst year on record in 2022, and fortunes aren’t about to change.
Zurich cuts claims times; Marsh's global cyber practice; Brown & Brown partners with Ageas
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Industry calls for clarity on self-driving liability
The industry has called for legislation and clarity on self-driving vehicle liability in the upcoming King's Speech in order to be able to step up and provide cover.
‘Writing on the wall’ for pet insurance if data isn’t utilised quicker
Data usage in pet insurance has “lagged behind” home and motor, according to Crif UK, and if the sector isn’t able to get a grasp of it soon, the writing could be on the wall.
How Birmingham’s insurance sector is evolving
As sister title Insurance Age takes over the Birmingham NEC for Broker Expo and the Broker Awards, Insurance Post looks at the challenges and opportunities facing the city’s insurance sector.
Diary of an Insurer: Brawdia’s James Goodlet
James Goodlet, building surveyor at Brawdia, is in Auckland to assist with the ongoing response to February’s cyclone damage and tries to explore all different manners of local cuisine and eateries.
Many Pets’ £42m loss highlights issues
Many Pets posted a £42m loss for the year to 31 March 2023, on top of the £31m loss for the year before.
Insurance Post’s Top 75 MGAs revealed
Markerstudy and Policy Expert have been the named the country’s two biggest MGAs after achieving revenues of between £80m and £100m for UK-based non-life risks in 2022.
Aon unveils operational risks solution; Admiral launches PI policy; Clear inks another deal
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
How Link’s co-founder was warned being gay would hinder his career
Erik Johnson, active underwriter at MIC Global Syndicate 5183, on the prejudice he faced as a gay man entering the insurance industry and how he ignored warnings pushing for inclusion could hinder his career to co-found Link.
Young adults want Alexa to sort out their insurance
Data analysis: Young adults are markedly more likely to want their Alexa to share information so they can have personalised home (70%), pet (68%) and car insurance (67%) than older adults (50%, 43% and 48% respectively), a survey has shown.
Diary of an Insurer: EIS's Ian Betley
Overcoming aches and pains from cricket, Ian Betley, general manager of EMEA and APAC at EIS, heads to Dublin to consider how technology is transforming the industry and prepares for The Boss and The Piano Man.
Ardonagh and Markerstudy’s £1.2bn merger confirmed
The Ardonagh Group and Markerstudy Group have agreed a merger between Markerstudy and Atlanta Group, Ardonagh’s personal lines broking business, to create a “major new player” in the UK insurance market.
Q&A: Onno Janssen, CEO, PIB Group Europe
Onno Janssen, CEO of PIB Group Europe, speaks to Scott McGee about PIB's European expansion, and how the the UK and the continent’s regulatory environment differs.
Top 30 European Insurers 2023: Claims inflation bites
Europe’s 30 largest non-life insurers have demonstrated solid top-line growth over the past two years, following a drop in 2020.
Direct Line launches motor ownership app to build customer engagement
Insurance Post can reveal that Direct Line Group is looking to increase engagement with motor customers by bringing services it provides to motor owners into one space with the launch of Caha!
Direct Line to refund £30m to overcharged home and motor customers
Direct Line has agreed to a past business review after the FCA found it had breached dual pricing rules, having charged some customers at renewal more than if they were a new customer.