Discount rate
Confused.com sees profits halve for start of 2017
Admiral’s price comparison website made a pre-tax profit of £4.5m.
Broking Break: Your Top Five
Ageas UK, Allianz and Towergate hit the headlines this week with stories on profit and loss, concerns from brokers and a sale.
Ogden pushes ERS to “disappointing” trading loss of £13m
The COR was reported as 107.6% and GWP also fell as CEO says the results were driven by changes outside of the insurer’s control.
Ageas UK sees “modest deterioration” in commercial business
The insurer is looking to grow the account via brokers and develop schemes.
Profit down but COR improves for Allianz UK
Insurer admits there is “some way to go to fill the financial hole” left by the Ogden rate change.
Blanc hails "strong performance" at Axa UK
Group CEO reports growth in commercial lines and healthcare, while personal lines remains "more difficult".
Axa UK posts 5% revenue growth
COR improves to 97.7%.
RSA UK underwriting profit takes Ogden hit
CEO Steve Lewis says results were also impacted by large claims and a claims inflation in household.
Ogden decision to be published on Thursday
The government's response follows the consultation on how the discount rate should be set in the future.
Quizzical questions: 28 July 2017
Test your knowledge of the week's news with our topical quiz.
Ogden: Brokers and insurers want discount rate of betwen 0 - 1%
Poll suggests two thirds think the rate should settle at between 0 - 1%.
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.
Broking Break - Your Top Five
Queen's Speech, FCA probe on travel insurance for cancer patients, Admiral's renewal handling failures, launch of new MGA incubator and details of new CII qualification make up your top five stories of the week.
Broking Break: Your top five of the week
A new Justice Secretary, advice on ruthlessness, the Ogden impact, an acquisition and a restructure top this week’s charts.
Quizzical Questions: 16 June 2017
Test your knowledge of the week's news with our topical quiz.
Insurers and reinsurers face £3.5bn Ogden hit, says EY
Net combined ratio for motor insurance industry deteriorates to 109% in 2016.
Industry welcomes new Justice Secretary
David Lidington takes over role previously held by Liz Truss.
Truss out as Justice Secretary following reshuffle
Truss was behind the cut in the Ogden rate to minus 0.75%.
Brexit is slightly on the back-burner, says Melanie Hampton
The MD of Alexander Miller says a hung parliament makes Brexit negotiations more difficult.
Brokers warned of the dangers of underinsurance following Ogden change
Miles Smith publishes guide urging brokers to make sure their clients are covered for increasing liability levels.
SME now and the future: Educating clients
Telling customers that their premiums are going up can be difficult, especially if you’re trying to explain the intricacies of IPT or the Ogden rate, writes Edward Murray
Broking Break: Your Top Five
A real spread of topics has captured the attention of brokers over the past week. Management reorganisations, opinion on Ogden, products, court cases and debt make up the list.
Opinion: Tim Holliday on the effects of the Ogden rate change
Tim Holliday analyses what the effect of the recent change in the Ogden rate to minus 0.75% will be for insurers and reinsurers, as well as what it could mean for brokers.
Blog: Allianz and LV, a tie-up that could turn others green with envy?
Insurance Age content director Jonathan Swift picks through the potential of an Allianz - LV tie up to look at how both businesses might mutually benefit.