Insurance Age - 2011-11-02
The centuries old principle of uberrima fides, or acting in good faith, has disappeared in non-business insurance, and the industry only has itself to blame, writes Tony Cornell
The SME space is much fought over, but what is it that this disparate group of businesses want from insurers and brokers, and what do brokers need from insurers in order to deliver now and in the future? Caitlin Morrison finds out
Is the spate of high-profile departures at the top of large industry players indicative of deeper troubles in the market?
Trade body prepares to lobby FSA to get brokers a better deal in review of compensation scheme
Broker start-ups need to set out a realistic business plan if they want to succeed in the current uncertain economic climate, explains James Sharp
Six months after RSA snapped up Oak underwriting, Steve Kingshott and Bob Trott tell Martin Friel how the companies’ different approaches are combining for an assault on the ultra high net worth sector
Legal expenses insurance faces an uncertain future but commercial could provide a lucrative new market, reports Louise Meeson
“Having one trade body will only help convince those in power this is a serious industry, united in its desire for fair representation”
Smaller brokers may be able to compete on level terms in personal lines after the introduction of new data enriching software
Groupama is aiming to sweep up business in the cleaning world, an industry it believes has a turnover of £5.3bn a year. The latest addition to its Exclusively range, which is available for open market trading, allows brokers to flex their commission…
Aviva has launched MultiCar a new motor product that can cover up to five vehicles for families living under the same roof. Business vehicles can also be included provided they are all registered at the same business address.
Willis has teamed up with Lloyd’s of London underwriter Kiln to create Hotel Reputation Protection 2.0, a new policy designed to limit the financial fallout from negative public relations exposure for hotels.
ABC Car from LV Broker. This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
Trade bodies promise stronger representation as merger is finally completed
October saw a lot of business development action with insurers chasing brokers and brokers chasing clients in the static UK economy. While there were numerous appointments across the board, as seems to have been the case throughout 2012, Scotland and the…
High net worth specialist SmithGreenfield is developing routes to market and ways of differentiating itself in a competitive sector where high levels of service are expected, managing director Steve Smith tells Martin Friel
Members of a scheme often communicate with each other and share their experiences on all manner of subjects – including insurance. And so the well-worn saying that a claims service is the “shop window” for the insurance industry has never been truer than…
Groupama has released Exclusively Cleaning, the third niche commercial product in the range following the launch of Exclusively Recruitment and Exclusively Security.
Travelers has launched a new insurance product for the plastics industry providing a range of commercial covers including property damage, business interruption, employers’ liability, public and products liability and professional indemnity. The insurer…