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Westfield absorbs tax increase and holds rates firm

Westfield Health has announced it will not immediately pass on the 1% rise in insurance premium tax (IPT) to policyholders - a decision set to cost the not-for-profit health insurance provider an estimated £530,000 per year.

Broker claims debate: Giving credit where it's due

Credit-hire organisations step in to provide replacement vehicles to not at fault drivers when insurers fail to serve their needs. Unsurprisingly, the relationship between the two industries has always been tense. Edward Murray asks where brokers fit in…

Power Hour: Driving forward

This month's roundtable grapples with the factors holding the motor market back and asks what measures need to be taken for it to return to profitability.Liz McMahon reports.

Editor's comment: The motor market is shot

A senior industry figure told me this month that it is the "worst time" in the history of the motor market for insurers. A pile of news has confirmed this, including RBS's loss of over £200m in its first-half results, Equity's reserving issues and NIG…

News review: August

Axa Insurance customer experience director, Paul Meehan, expressed interest in filling the senior management vacancy in the company's commercial division.

Accurate risk pricing: On the nose

Insurers are increasingly turning to technology to help them underwrite their risks more accurately. Liz McMahon uncovers the key to getting the pricing right.

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