Public backs UK personal injury reform
10 September 2018
About nine in 10 people think legal costs under the UK personal injury compensation scheme are too high, according to a survey commissioned by the Association of British Insurers…
International
Lloyd’s Lab unveils top tech talent
10 September 2018
Innovation accelerator Lloyd’s Lab has announced the results of a global search for technology talent that attracted more than 200 applications from 36 countries…
Broker, modeller search for hidden cyber risks
10 September 2018
Catastrophe modeller AIR Worldwide and global reinsurance broker Capsicum Re are working together to counter the impact of “silent cyber incidents” on non-cyber related lines of insurance…
Aon offers capital management advice
10 September 2018
Aon has set up a business unit offering advice on capital efficiency in the present operating climate, where returns are low and margins under pressure…
Claim Central takes platform to Africa
10 September 2018
Claim Central Consolidated has rolled out its digital claims and supplier management technology solution in South Africa…
UK insurers ‘exploit loyal customers’
03 September 2018
Research by consumer champion Which? shows thousands of UK residents pay “excessive” home insurance premiums as a “punishment for loyalty”…
Lloyd’s commercial chief Vandendael to leave
03 September 2018
Lloyd’s Chief Commercial Officer Vincent Vandendael is leaving after six years in the role, to take a senior position with Everest Insurance next year…
Myanmar opens doors to foreign insurers
03 September 2018
Myanmar’s Insurance Business Regulatory Board will allow foreign general and life insurance companies to operate in the country from next month…
Insurers ‘must disrupt themselves’
03 September 2018
The insurance industry is at a crossroads as fintechs gain traction through customer-centric products, a Deloitte report says…
Climate change to take heavy toll on California
03 September 2018
Wildfire insurance prices are expected to rise 18% by 2055 and the number of insured properties is tipped to drop as climate change worsens fire conditions in California…
No fear from regulatory push: S&P
03 September 2018
Ratings agencies are unlikely to downgrade insurers despite the growing worldwide push for more industry regulation, S&P Global says…
UK comparison sites ‘riddled with errors’
27 August 2018
An investigation of insurance comparison websites by consumer champion Which? has revealed “staggering” numbers of errors and inconsistencies…
British fraudsters strike ‘every minute’
27 August 2018
An insurance fraud is detected in the UK every minute, according to research by the Association of British Insurers…
Insurers count cost of Italy bridge collapse
27 August 2018
The Genoa highway bridge disaster in Italy may cost insurers up to €600 million in losses, according to JP Morgan analysts…
Think tank warns of ‘boundless impacts’ in cyber
27 August 2018
Insurers have been warned they are wading into unchartered waters as the cyber market continues to grow…
Aon suggests three-point plan for AI
27 August 2018
Understanding artificial intelligence, separating the technology from the hype and developing practical applications are keys to successful implementation, Aon says…
Insurers face $5 billion Japan flood bill
27 August 2018
Insured losses from floods in Japan last month could reach $US4 billion, AIR Worldwide says…
Lane brings flood threat to Hawaii
27 August 2018
Hurricane Lane, the third-wettest tropical cyclone in US history, dumped at least 100cm of rain on Hawaii, triggering fears of severe flooding…
First-half cat bill shows sharp drop
20 August 2018
Global economic losses from disasters fell 44% to $US36 billion in the first half of the year, Swiss Re’s preliminary estimates show…
Lloyd’s agencies back ILS growth
20 August 2018
Insurance-linked securities will be here to stay if Lloyd’s managing agents get their way…