News
Digital extension programme to encourage regional broking
Government plans to transform the country's digital infrastructure could empower regional brokers and make the industry less London-centric, according to IT experts.
Legal expenses first as Aim launches products on CDL
Aim Legal Expenses has claimed to be the first legal expenses provider to target the broker market with an online offering.
PIA head urges insurers to embrace global risks
Insurers' conservative attitudes towards risks outside the UK is holding back ambitious plans to establish multi quote-and-buy systems worldwide, according to liability broker Professional Insurance Agents (PIA).
Data hub launch discloses new pricing detail to non-direct market
Coversure and Fortis are among those that have committed to using a new data hub that aims to allow brokers to compete on a level playing field with direct writers.
Go Compare targets home insurance market
Aggregator site Go Compare is to target the home insurance market with a new TV advert starring character Gio Compario.
Brokers urged to highlight risks of credit card fraud
The Forum of Private Business has called on brokers to ensure clients protect themselves when processing payments online.
IFB meeting expected to move CUE plans forward
The Insurance Fraud Bureau (IFB) is confident it will move a step closer to creating a Claims Underwriting Exchange (CUE) travel database following its latest member meeting.
London households most likely to claim for home theft
A study pinpointing the top 20 UK postcode claim hotspots has found that London households are the most likely to make a claim for home theft.
Willis teams up for Patentwize
Willis Group Holdings has announced it is partnering with Innography to launch Willis PatentWize, an enterprise-wide business intelligence solution designed to help companies better manage their intellectual property risks.
MSL policy gets makeover
MSL Legal Expenses has revamped its legal expenses policy for businesses, which provides up to £50,000 financial protection for legal costs per claim.
Axa e-product joins Acturis
Axa has released a commercial combined e-trade product to brokers on the Acturis platform on an open market basis.
Bespoke classic car scheme unveiled
Independent insurance and financial services group Lucas Fettes has launched a new bespoke classic car scheme for the motor trade.
Product launches: MMA initiates variable rates
Broker-only insurer MMA has introduced variable commission rates for brokers transacting new business for MMA's Master Tradesman product.
Product launches: ATE claims support offered
Lorega has launched an after-the-event (ATE) claims preparation, mitigation and negotiation service.
CFC suite to tackle risks arising from digital media
Specialist lines underwriting agent CFC aims to address a host of emerging media risks including social networking with its new suite of products.
NIG exit sparks RSA return to personal lines
RSA has expressed a renewed appetite for personal lines business after admitting it had previously been "deliberately underweight" in this area.
Allianz head urges industry to match motor hikes
Allianz chief executive, Andrew Torrance, has called on the market to push up rates, as he promised further double digit increases in private motor in 2011.
RBSI puts operating loss down to bodily injury claims injection
The chief executive of Royal Bank of Scotland Insurance said its results were heavily impacted by the need to boost its reserves for bodily injury claims after reporting a £253m operating loss for H1 2010 (H1 2009: £217m profit).
Groupama reports stagnant broking revenues
Combined revenues of Groupama Insurances' UK broking businesses have remained relatively flat at £33.3m during H1 2010 (H1 2009: £34.1m).
Aviva boss lists three reasons for fall in GI operating profits
Aviva's UK general insurance chief executive, David McMillan, said the dip in the insurers' general insurance and health operating profits was due to its decision to release fewer reserves this year.
Individual responsibility required to reduce NHS strain
More people will be required to take out health insurance over the next decade as their access to free healthcare becomes increasingly limited, according to a new report by Friends Provident.
Employee risk costs could soar under retirement proposals
The Government's decision to scrap the default retirement age from October 2011 could lead to key benefits becoming uninsurable for older employees, Mercer has warned.
HMRC stipulates VAT exemption conditions for online intermediaries
Online insurance intermediaries must look closely at their business models in order to qualify for VAT exemption following a briefing by HM Revenue and Customs (HMRC).
Birmingham exposed as worst 'crash for cash' area
Birmingham has topped the Insurance Fraud Bureau's (IFB) top 20 league table of crash for cash hotspots in Q2 2010.