Insurer
Results reveal profit-focused insurers
CEOs’ responses to insurer results suggest greater emphasis being placed on profits than book building
Market moves: Networks in the news
There was a lot to admire in the broker-related market moves last month. Networks decided en masse to grab their share of the limelight. Having delivered a quiet quarter or so they certainly achieved it by bursting back into life with one appointment in…
Insurers split over value of chartered status
Insurance Age survey shows a plethora of views on the need for brokers to gain chartered status and the best ways to demonstrate professionalism
The problems with money
Brokers need to be prepared for the forthcoming changes to insurance money rules. David Roberts outlines four areas the industry should be focusing on
In-depth: Going global
With clients increasingly prepared to export to beat the economic downturn, brokers must be ready to think internationally, writes Edward Murray
The state we’re in
If the UK is to avoid another economic crisis in the near future, insurers and the government need to join forces to tackle flood insurance, says Tony Cornell
Broker Apprentice Task Three: The Campaign
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.
Insurers counter "poor compliance" claim after DVLA bans
Insurers have countered suggestions of "poor compliance" after it emerged that five household names had been temporarily suspended from receiving vehicle keeper information from the DVLA since 2010.
Top insurers banned from DVLA database
RSA, Groupama and LV are among the household names to have been temporarily suspended from receiving vehicle keeper information from the DVLA, Insurance Age can reveal.
L&G strikes five-year product deal with Newcastle Building Society
Legal & General (L&G) has agreed a five-year extension to its current deal with Newcastle Building Society for its general insurance products.
Direct Line Group reports dip in GWP while COR improves
Direct Line Group (DLG) has reported a drop in gross written premium (GWP)for 2012, at £3.99bn down from £4.13bn in 2011.
Gallagher Heath partners with Lorega on property claims
Gallagher Heath has signed up with Lorega to white-label its loss recovery insurance products and launch Gallagher Heath Assist.
Professionalism is crucial ingredient for enhanced benefits
Neil Clutterbuck, director of underwriting and technical at Allianz, has revealed that increased professionalism is part of a cocktail that could lead to enhanced products and benefits for brokers from the insurer.
Brit reports improved profit and COR
Brit Insurance has reported an operating profit of £113.6m for 2012, up from £68.4m in 2011, in the first full-year results since it divested its UK business.
esure plans £50m stock exchange flotation
esure has announced its intention to float on the London Stock Exchange with an initial public offering (IPO).
LV MD: motor rates need to rise
LV managing director John O’Roarke has blamed falling motor rates for the only disappointment in its broker channel results for 2012.
QBE to cut 700 jobs
QBE is to cut up to 700 positions across Europe, Australia and the US over the next few years.
Mixed bag at LV as operating profits soar but underwriting profits plunge
LV has reported a £25m reduction in underwriting profit for 2012, at £5m down from £30m in 2011.
Profits up at QBE
QBE has reported an 8% rise in net profit after tax to US$761m [£501.8m] for 2012 along with gross written premiums (GWP) of $18.4bn, up a modest 1% on 2011.
Expertise in Action: Video: The importance of data validation
With data validation increasing in importance, Post sat down with Zurich’s director of personal lines, pricing and underwriting Darren McCauley to discuss this trend.
Expertise in Action: Pricing: A Perfect Storm
The continuing economic downturn and prevalence of large losses make this a difficult period for the insurance industry – but the sector is demonstrating its resilience.
Expertise in Action: Pricing: Looking for support
With brokers calling on insurers to share more information and provide greater practical assistance, how can both parties – and their clients – benefit from better collaboration?
Broker Apprentice: Bonus edition on The Campaign
The contestants have been tasked with designing a two-page advert for a student newspaper aimed at encouraging 18 year olds to join the general insurance broking profession.
Allianz UK CEO admits broker retail profit and growth was "bridge too far"
Allianz UK CEO Andrew Torrance has admitted that the insurer took a hit on the top line of its retail broker segment in 2012.