Compliance
Stark asbestos risk in UK schools brought into focus
Jonathan Edwards, head of insurance and risk at HCR Law, warns insurers and brokers they need to move from passive monitoring to proactive risk mitigation in order to prevent hundreds of thousands of teachers and pupils dying as a result of asbestos present in UK schools.
Marshmallow cuts losses by 98.7% as turnover hits £184m
Insurtech unicorn Marshmallow has revealed that it is close to turning a profit after its losses shrunk by 98.7%.
CMA writes to Somerset Bridge and DLG over NCB breaches
The Competition and Markets Authority has written to Somerset Bridge and Direct Line Group separately over a series of breaches regarding no claims bonuses.
Claims and Legal Review of Year Review 2024
Looking back at 2024, claims, adjusting and legal firm chiefs share how their organisations handled claims arising from named winter storms, worked towards becoming carbon net zero, the impact of claims costs starting to stabilise and why some found…
Insurtech Review of the Year 2024
2024 was a busy year for insurtechs as insurers looked to make the most of artificial intelligence plus data analytics, but sector leaders reckon the industry will push the boundaries of digital transformation even further in 2025.
Motor insurers with most satisfied customers revealed
NFU Mutual, Halifax, LV, Saga, and Direct Line have the most satisfied car insurance customers, according to Fairer Finance’s latest consumer survey, which also reveals an increase in premiums means fewer motorists are happy with their provider today…
Two approaches to premium finance transparency: What next?
The larger premium finance providers have set their stalls out when it comes to transparency. What does it mean moving forward?
FCA reviews leave insurance firms with hefty bill
A recent freedom of information request by Sicsic Advisory has revealed insurers and intermediaries paid a total of £2.7m for FCA-commissioned skilled persons reviews in the latest financial year.
Q&A: Venkat Sathyamurthy, Tractable AI
Venkat Sathyamurthy, newly appointed CEO of Tractable AI, discusses his journey to the top of the insurtech and his plans for the company’s next stage of artificial intelligence focused growth.
Why the NHS needs cyber insurers’ help
Tom Draper, head of insurance, UK, at Coalition, explains how the NHS is vulnerable to cyber attacks and explains ways insurers can come to the rescue of the nation's healthcare provider.
Sign up to watch webinar on getting your digital modernisation strategy right
Whatever your role in the insurance value chain, digitalisation is a priority.
Checking the price is right for insurance
Emma Ann Hughes examines how to prove the price is right of cover for different segments of consumers and observes it requires a whole lot more than just knowing the cost of delivering insurance products and services.
Government to consult on leasehold commission ban
In a written statement published yesterday, the Minister of State for Housing, Communities and Local Government has said the government “will go out to consultation very shortly on the detail of the Act’s ban on buildings insurance remuneration”.
Close Brothers to seek consent to pay premium finance commission
From next week, Close Brothers will seek consent from commercial customers for the payment of broker commissions for premium finance.
CMA criticises Prima over £300K NCB breach
The Competition and Markets Authority has sent a letter to Prima because of a series of breaches relating to no claims bonus that affected more than 38,000 customers.
Howden buys Storfield; Hiscox’s drone partnership; SiriusPoint's CUO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Greenwashing risks and the path to real progress
As the 2024 United Nations Climate Change Conference, also known as COP29, begins Damisola Sulaiman explores the unique greenwashing risks the insurance industry faces, how those risks can be mitigated and the challenges faced in proving sustainability…
Diary of an Insurer: NBS Underwriting’s Paul Bennett
The working week of Paul Bennett, underwriting director of NBS Underwriting, combines strategic meetings, underwriting decisions, and broker interactions with adding Hadron to his organisation's panel of insurers.
Is carbon insurance the biggest opportunity in decades?
With carbon insurance tipped to become a billion-dollar market by 2030 as demand for risk transfer in the carbon credit supply chain grows, Harry Curtis looks at the risks involved and the first movers in the nascent market.
FCA re-opens commercial lines rules consultation
The Financial Conduct Authority has “partially re-opened” its consultation about overhauling rules for commercial lines and bespoke insurance, in a bid to get more data from providers and brokers.
Why insurers should get ready for Dora rules now
With the Digital Operational Resilience Act coming into force on 17 January, Rowan Armstrong, partner at Browne Jacobson, says it is vital that UK-based insurers operating in the European Union embrace enhanced digital operational resilience testing,…