Insurance Age - 2010-11-30
Insurers have been warned against rushing to create iPhone applications (apps) for basic insurance processes as Aviva became the latest insurer to launch an app.
Brokers could be leaving their client database wide open to attack from competitors by not implementing effective staff exit strategies, according to industry experts.
Brokers are grossly underestimating the implications of government guidelines for client screening, according to Open GI.
Three individuals - a man and woman from Kent and a man from west London - have been charged with motor insurance fraud, tax fraud and money laundering with offences totalling £500,000.
The insurance industry and the state are inextricably entwined with a large number of common interests but competing in a number of areas in looking after the wellbeing of citizens and businesses. On a macro basis, the need for insurance in a communist…
Broker focused insurers Groupama Insurances and Ecclesiastical have set up new divisions in London in an effort to win new business.
Although officially retired from the industry, Reg Brown remains full of ambition. Liz McMahon talks to the former president of the CII about his community work, formation of the MGAA and, of course, the London Phoenix Orchestra.
Allianz has responded to regional broker demand by launching a mobile underwriting team in the South West.
Traditionally, training has been about face-to-face contact but there has recently been an increase in online offerings, which claim to provide the same quality of tuition with less cost and increased convenience. Edward Murray looks at the pros and cons…
Brokers must put pressure on the Association of British Insurers (ABI) and individual insurers to adopt a consistent approach to Risk Transfer wordings within their Terms of Business Agreements (TOBA), according to compliance expert Branko Bjelobaba.
Aviva has launched two bespoke policies for those working specifically in metals or machinery and equipment.
Heath Lambert has won the contract to supply all risk services to Scottish wind farm developer Carbon Free.
The Financial Services Authority (FSA) has put plans to overhaul the Financial Services Compensation Scheme (FSCS) on hold in the wake of this year's sharp levy hike.
Jelf has entered into an affinity partnership with the Institution of Mechanical Engineers (IMechE).
Legal experts have predicted that referral fees in personal injury cases will continue to exist in some form even if the Government decides to implement an outright ban on their use.
Boat and marine insurance provider Towergate Mardon has launched a new travel policy for boat and dinghy enthusiasts.
Specialist Lloyd's broker Besso Group has launched what it describes as a unique online commercial underwriting facility via managing general agent (MGA) Gladstone Underwriting.
The entire staff and management team at Choicequote have entered a redundancy consultation period just two and a half years after the broker was bought by Groupama.
This month's debate, with live interaction from Twitter, ascertains what value MGAs bring to brokers' businesses and the wider market. Are they simply another mouth to feed or the specialists that insurers and brokers need to service a diverse client…
A new product designed to protect travellers against the insolvency of travel agents and tour operators and the disruption caused by increasingly severe weather events, has been launched.
An agreement between European broker and risk management associations is the clearest sign yet that the revised Insurance Mediation Directive (IMD) will opt for commission disclosure on request rather than making it compulsory, according to regulatory…
On Twitter this month, BrokingLiz's followers were asked to define how the public saw brokers. Here are some of the best replies:
Hearing the term restrictive covenant in the bars and restaurants surrounding Leadenhall Street will always make a broker sit up and listen and Polly is no different.
Trade credit insurance firm Atradius has launched a policy designed specifically to help protect small to medium-sized enterprises (SME) from unexpected insolvencies impacting their supply chain.
An area that sometimes falls off the radar, Louise Meeson surveys brokers and insurers in Wales and the South West to discover many have been shielded from the worst of the economic crisis.
Powerplace has secured what it described as the "3 As" after announcing Axa's intention to join its panel of insurers.
A record number of brokers flocked to Coventry's Ricoh Arena to attend last month's Broker Expo. Louise Meeson reports on why the event just keeps on getting better. If you weren't there, here's what you missed
As our front page shows, the prospect of mandatory commission disclosure appears to be receding. I'm not a broker so I can't really make any truly informed comment on the rights or wrongs of this. However, I'm a journalist and, by extension, nosey.
Markel International has broadened its appetite in the directors' and officers' (D&O) market with the introduction of three new products.
Acquisition activity has continued to bubble away in the regions where Cullum Capital Ventures (CCV), Barbon Insurance Group, Antur Insurance and BLS Insurance Brokers have all swooped for new businesses.
IAG UK-owned broker Barnett & Barnett almost doubled its size to £50m gross written premium, with a move for a controlling stake in Bromley-based commercial and personal lines specialist NBJ.
Bluefin has announced it is putting its Elite underwriting facility for small to medium-sized enterprise (SME) business into run-off in favour of expanding its existing Platinum product range.
David Whitaker discusses the trials of obtaining non-standard insurance and explores how brokers can go about placing these risks.
This product has been reviwed by brokers and rated from one to five based on the policy's key benefits.
With the success of the iPad and Lloyd's plans to trial the replacement of traditional underwriting slips, Martin Eves asks whether new technology can be incorporated to benefit the insurance industry or if it is more often a case of hype over substance
Insurance Age welcomes your opinions via email, Linked In, the Broker Forum, Twitter and good old-fashioned letters. Send your views to Martin Friel, editor, Insurance Age, VNU House, 32 – 34 Broadwick Street, London, W1A 2HG or email martin.friel…
No one seems to disagree with the principle of CPD, but why hasn't it proved effective so far in the broking profession? Liz McMahon reports.
The CII has an enviable reputation for promoting professionalism in the industry, however there is a sentiment in some parts of the market that it is more concerned with making money. Louise Phillips weighs up the true value of its training structure.
Brokers must push clients to alert their insurers if they are planning to become an Alternative Business Structure (ABS) or risk being drawn into claims for non-disclosure, according to legal experts.
This product has been reviewed by bbrokers and rated from one to five based on the policy's key benefits.