Insurance Age - 2010-11-02
Claim Experts' latest board appointment has made Polly chuckle.
Groupama has warned scheme brokers of the dangers posed by an increase in business diversification.
The European Union (EU) is now putting together its consultation paper on a revised Insurance Mediation Directive and this will include their views on commission disclosure.
RSA has renewed its affinity partnership with Volvo Car UK.
Brokers love a bit of commission don't they? And why not? They work hard and put up with a lot of hassle and jumping through insurer hoops to get it. It's how the market is geared to remunerate brokers, but outsiders have always looked upon the structure…
Lord Young has called for a stop to low-hazard health and safety risk assessments as part of his review into UK compensation culture.
Allianz Retail's Clear Private Car product has launched with Open GI in the latest stage of its roll-out.
The Chartered Insurance Institute (CII) has created a New Generation Claims Group tasked with investigating how social media can be used to improve the claims process for brokers and their clients.
In its latest move in a series of crackdowns the Financial Services Authority (FSA) has banned a broker for attempting to overcharge a client and has cancelled the regulatory permission of two other brokerages and an underwriting agency.
The Government's sweeping public spending cuts could be a double-edged sword for regional brokers.
Axa Insurance is still searching for a new commercial lines chief following a restructure of its UK business.
In the wake of the Government's controversial benefit cuts, health insurance providers have been warned against tapping into highly emotive areas by mutual insurer National Friendly.
Brit Insurance Holdings' £2.6m claim against Taylor Wimpey could be a catalyst for insurers increasing premiums and restrictions on timber frame cover.
Aggregators have admitted that their financial performance has become increasingly dependent upon the success of advertising campaigns.
With the Government's introduction of the Big Society concept and public spending review, it is clear the private sector will need to step up its support of communities. This month's roundtable explores how the insurance industry should contribute…
CBG Group has acquired Rockbridge Healthcare as part of its growth strategy in the healthcare sector.
Brit Insurance has agreed a cash offer from Apollo Management and CVC Capital partners in a deal valued at about £888m, which will result in shareholders receiving up to £11 a share.
HNW was once the preserve of specialist brokers and insurers but there has recently been an increase in this type of business being transacted online. Louise Meeson asks if HNW clients and their prized possessions can really be taken care of without…
MBOs provide a fantastic opportunity for management teams to get a taste of acquisition activity in a familiar market. Mike Pawson gives guidance on how to ensure the deal runs smoothly.
William Wakeham is worlds apart from the average Insurance Age reader. Martin Friel profiles the life of a broker working in Iraq as he risks car bombs, mortars and bullets in his bid to crack the Middle Eastern market
Over half (52%) of small to medium-sized enterprises (SMEs) use social media but 27% of these have expressed serious doubts about the value of such sites.
Allianz Commercial has announced its intention to expand its regional branch network with the opening of a new office in Newcastle.
LV Broker has revealed it is aiming to write £1bn worth of business by 2015, less than 10 years after its launch.
The founder and chairman of direct insurer Esure, Peter Wood, revealed that 2014 would be the earliest date that the company would launch an initial public offering.
Brokers have been urged to flag up the increasing threat of agricultural plant theft to clients as the problem reaches "epidemic" proportions.
Everyone is aware the FSA is on its way out but what is less certain is how the new regulatory structure will operate. Liz McMahon explores what brokers can expect in the medium to long-term future.
The banking sector has locked legal horns with the Financial Services Authority (FSA) over the handling of payment protection insurance (PPI) claims.
Insurers offering brokers increased commission rates for new business must ensure they have adequate procedures in place or they could risk breaching the Bribery Act 2010, according to legal experts.
Exeter Friendly has revealed it will shortly go live with an online portal for brokers and advisers following the launch of a new insurance brand.
These products have been reviewd by brokers who have rated them from one to five, based on the policy's key benefits.
Brokers could be left to foot the bill if insurers choose to apply the Insurance Premium Tax (IPT) increase from the date it hits their books, according to the British Insurance Brokers' Association (Biba).
Brokers that fail to advise clients about environmental liability risks could face legal action following a government crackdown.
Consistently poor insurer service levels have allowed managing general agents (MGAs) to cement their place in the market, according to one of the latest entrants to the sector.
Price comparison sites Confused.com and Comparethemarket.com have been accused of leaving the door open to criminals by sacrificing security in favour of ease of use.
Heath Lambert has scooped two major affinity deals with RAC and Express Newspapers.
The Managing General Agents' Association (MGAA) has claimed it will establish a clear differentiation between prospective members and the broking community as it gears up for launch this month.
The UK broking market has weathered the economic storm well with the top 100 brokers managing to increase their market share, according to Insurance Age's 2010 Top 100 Independent Brokers supplement.
Commercial gritting organisation Gritit and risk management specialist CelsiusPro have announced the release of winter insurance product Frost Cover Certificates.
Concerns have been raised that the cost and availability of insurance could be threatened if an opinion by the Advocate General on gender-based pricing is upheld by the European Court of Justice (ECJ).
With poor motor results continuously dismissed as being due to external factors, David Vine asks why insurers choose to ignore the evidence that would enable accurate pricing and, in turn, profit.
Doubts have been raised over whether the Financial Services Authority (FSA) has the resource to cope with impending regulatory reform as the consultation period for the plans came to an end.
Allianz has called for the Ministry of Justice (MoJ) to crack down on claimant lawyers it claims have abused the new personal injury claims system.
It is with great sadness that we have to announce the devastating news that Alex Broad, publisher of Insurance Age and sister title, Professional Broking, sadly passed away in early October.
Whether they choose to call in a consultant, turn to their network or go it alone, brokers have a few options available to them when it comes to handling the pressures of regulation. Edward Murray explores the pros and cons of the different approaches.
Colin Darnell gives practical advice on how brokers can act to mitigate the significantly increased FSCS levy as well as potentially help shape future funding arrangements.
The Financial Services Authority's (FSA) proposal to increase the maximum level of Financial Ombudsman Service (FOS) compensation to £150,000 may force small brokers out of business, legal experts have warned.
Manchester Underwriting Management (MUM) has unveiled plans to move into the directors' and officers' (D&O) market.
High-net-worth insurer Axa Art Insurance has committed itself to providing a maximum 24-hour turnaround time when it comes to quoting on new broker business, upon receiving all the necessary information.
Brokers have called for insurers to include mid-term adjustment (MTA) and renewal facilities as part of their online small commercial offerings.
A recent High Court ruling in favour of Quinn Insurance has clarified the law regarding the timeframe for submitting claims where an insurer has denied liability, according to law firm Browne Jacobson.
Aon has launched an insurance product for water utility companies.
Brokers with delegated authority may face increasing pressure from insurers to account for the whereabouts of data as the industry prepares to meet Solvency II regulations.
Access Insurance, Cullum Capital Ventures (CCV) and LFC Insurance Group have all revealed ambitious growth targets following a spate of recent acquisitions.