Insurer
Hiscox updates cyber and data insurance product
Provider adds dependent businesses interruption and system failure elements to cover.
Meet the Techies: Spixii’s Renaud Million
The CEO explains how Spixii is using chatbots to develop the insurance sector.
Aviva pulls agency with GRP
Insurer had already split from two GRP-owned brokers.
City Insurance Brokers and Compass launch profit insurance scheme
Product designed for brokers with delegated authority and MGAs.
AIG warns of rise in data breaches as GDPR comes into force
Provider says new rules can become “another tool for negotiation by extortionists”.
Uber gives drivers free insurance as it expands partnership with Axa
Firms to build digital platform to offer covers tailored to drivers and couriers.
Alpha: Cover My Cab steps in with Gefion policies
The move follows the collapse of Danish provider Alpha which left many taxi drivers uninsured.
Aviva’s Townend replaces Amanda Blanc as IFB chair
LV’s Milliner and Matt Patterson, of Admiral and David Baker, of Direct Line, have also been appointed to the fraud taskforce board.
CII points to deterioration in traditional branch-based model for SME insurance
Organisation updates the market in latest Underwriter of the Future report six years after the first edition was published.
Mercia Underwriting partners with Arag
New arrangement covers commercial and property owners business.
Amazon “working with” UK brokers and insurers
Source reveals tech giant is in process of building a panel of brokers but Amazon remains silent as research shows a third of people would buy insurance from tech firms.
#Insagepeople: 21 - 25 May 2018
Catch up with the latest people news.
Ghost brokered policies up by 14% in the last year, says Smartdriverclub
Telematics provider uses data analytics to filter out ghost brokers.
InsurTech Futures: Hiscox first insurer to sign up to ex-Aviva boss Fraser Edmond’s data sharing platform
Broker Insights' CEO says 30 brokers have expressed interest in the platform which goes live in June.
Cedar Underwriting launches with a focus on SME
The managing general underwriter is set to work with brokers looking for capacity for delegated authority schemes.
FSCS calls on brokers to help form response to Alpha failure
First time the body has requested market input in this way.
Unrated Danish insurer Gefion in €2m cash injection deal with shareholders
UK experts say cash injection is in response to growth as provider notes move was made to increase its solvency limits.
Pukka to expand into home
CEO Sam White says new product will launch towards the end of 2018.
Allianz to get £250m commercial business boost from LV deal
Transfer to start in third quarter.
CII launches apprenticeships programme
The Aspire programme has been developed to offer purpose-built and standardised training and access to funding.
Redundancy threat for 15 people in Zurich's Bristol office
This follows Zurich's underwriting restructure, but the insurer states it is not looking to cut its headcount, as it moves to close Bristol base.
MPs concerned re whiplash reforms
Justice Committee “troubled” by the reliability of insurer fraud data ahead of secondary legislation on personal injury reform.
UK to remain in motor insurance ‘free circulation zone’
The decision means insurers will not have to issue ‘Green Cards’ when motorists wish to drive in EU member states after Brexit.
Brightside in multi-million pound six-year deal with Close Brothers Premium Finance
Deal expected to start at £60m annually but comes with room for growth.