Insurance workers are proudest of their industry, according to research which shows that 90% of insurance professionals surveyed feel proud to work in the market.
August is normally the silly season. The obsession with Jeremy Paxman’s beard in the national media shows the tradition is thankfully alive and well.
It has long been argued by the insurance industry that the public's perception of the sector has been damaged by the actions of bankers, that insurers have been unfairly tarnished by the same financial services brush.
August is usually when we reach the peak of the silly season (if you take a positive view of it – many would term it the trough).
In the last few months I have enjoyed four television shows in particular.
Hot on the wheels of another great day of sport for Britain (Lee Westwood's final day Open slide excluded) the FCA's chief executive Martin Wheatley seized the opportunity to compare the regulation of financial services to the Tour de France.
It’s been a long week in insurance land.
A bit over 18 months ago the changing of the guard among the leadership of the big consolidators began.
So the countdown has begun for the motor legal expenses insurance (MLEI) market.
One story that really got to people this week touched on an issue that has often been discussed in the Insurance Age blog.
Sometimes figures speak for themselves.
Almost two months on since its inception and brokers are still trying to second guess what the Financial Conduct Authority (FCA) has in store for them.
Having attended two Biba conferences now, I feel like a seasoned pro.
For the past few years telematics has been touted as the future of motor insurance and the solution for young drivers in particular.
The Consumer Insurance Act is less than a month old but already broker alarm bells have begun ringing.
Monday – 8 April – Day 1 Having checked into my hotel in Guildford on Sunday night I started the day with the short drive to the Allianz office.
Aviva has moved to quash rumours of branch closures in the regions.
Losing Janice Deakin to Gallaghers is a body blow to Aviva and their relationship with brokers. No matter how they try to dress it up.
Judgement Day… So we come to the final session and my decision.
In some respects the interviews were meant to be the toughest assignment of the lot. I was trying to put them on the spot but without destroying them.
This was a great task for the apprentices because it actually tested their imagination and their entrepreneurialism and it did so in a practical way.
I set this challenge because as an industry we face the real problem that insurance isn't perceived as being ‘sexy', particularly by the young.
I thought this was a good task for the young brokers because I suspected regulation is an area which they haven't had much to do with in the past.
This first task was a good task for the final five to start with as it’s very much what they do every day: they see clients, ask questions, understand the clients’ needs and then (hopefully) offer the right insurance solutions.