News
InsurTech Futures: By Miles authorised by the FCA
The pay-per-mile motor start-up recently received a £350,000 investment ahead of its UK launch.
AGB Risk Control to tackle underinsurance with BI product
The service assesses sums insured and indemnity period.
Brokers increasingly upbeat, says CBI/PwC poll
Business volumes increased but growth is expected to slow.
Fitch puts Elite on negative rating watch as it prepares for run-off
The insurer announced it would close to new business as insurers describe legal expenses ATE as a difficult market.
Data breaches in insurance doubled in 2016/17
Law firm RPC says hackers now pay more attention to smaller financial services firms.
Das revamps commercial LEI policy
The changes will see additional cover and enhancements.
#insagepeople 10 - 16 July 2017
Keep up to date with the latest people moves.
Jackson Lee Underwriting enhances Gap motor product
The addition offers to source a replacement vehicle for brokers’ customers in the event of total loss.
Motor premiums rise to highest level since 2010
The Confused.com Index, in association with Willis Towers Watson, shows impact of Brexit, IPT and the Ogden rate on the rise and warns prices could hit "record" levels.
Insurance Island Risks - Chartered Insurance Institute's Sian Fisher
The CEO of the Chartered Insurance Institute shares her top tunes
Markerstudy's Gary Humphreys on provider's strategy following capital injection
Insurer set to make acquisitions and launch a pay-as-you-go solution.
Ex-Aviva employee gets two year suspended sentence for bribery offences
The woman was found guilty of stealing customer information and also received a compensation order of £4,500.
Aon and Marsh offices in Ireland raided in competition investigation
The two brokers were visited by the European Commission which is investigating breaches of EU competition rules.
GRP-backed Green Insurance buys Collidge & Partners
Broker says deal will help build GRP's regional hub in the South East.
Quizzical questions: 7 July 2017
Test your knowledge of the week's news with our topical quiz.
£1.3bn of dishonest claims found in 2016
ABI figures reveal the scale of organised fraud and warns of opportunistic motor fraud.
Broking Break: Your top five of the week
A Gumball blog, solvency figures, new software, warnings for brokers and an insurer closing were voted the top five stories by brokers’ clicks over the week.
Thomas Carroll primed for acquisitions
Rhys Thomas puts profit growth down to a software house change, high retention rates and more new business as he insists the firm is not for sale.
Axis buys Novae for £468m
The board of the Lloyd's insurer to "unanimously recommend" the offer.
FCA boss Andrew Bailey gets £449,000 pay package
Total included £65,000 performance bonus.
InsurTech Futures: Stephen Catlin warns industry not to lose out
Speaking at the MGAA conference Catlin highlighted urgency to embrace technology and transforming processing capabilities.
Elite closes to new business and prepares for "orderly" runoff
Insurer stresses policies already issued remain in force.
MGAA reveals strategic direction
Due diligence, Brexit, training, professionalism, and lobbying are key focuses for the Association’s future.
Profits leap for Thomas Carroll
Profit before tax hits £1.5m for the broker as turnover grows to £9.6m.