UK
Aviva discloses how many claims it pays
Aviva apparently paid 96% of the claims it received in the United Kingdom in 2017. Data from the company’s UK claims reports indicates just...
Carillion collapse causes domino effect on trade credit claims
There has been a surge in the number of trade credit insurance claims during the first quarter of this year 2018 as tough trading...
Libor: The end is nigh – or is it
LIBOR, the London Inter-Bank Offered Rate, is on the verge of being consigned to history – or maybe not!
ICE Benchmark Administration (IBA), the entity...
Ghost broking scam – Police warn of rise in fake car...
Thousands of UK motorists could be driving without insurance because of fraudsters known as "ghost brokers" selling fake insurance policies online, police have warned.
Ghost...
BIBA calls for tax break as car premiums hit 6-year high
The British Insurance Brokers Association (BIBA) has called for a tax break for telematics-based insurance products after car premiums reached their highest levels in...
Ageas’ Back Me Up mobile-based insurance targets Millennials
Insurance giant Ageas seeks to transform how Millennials protect their gadgets and other valued possessions with the launch of Back Me Up—a Tinder-inspired mobile...
Towergate fined over failure to protect client money by FCA
Towergate Underwriting Group Limited (Towergate), a UK-based insurance intermediary that holds both client and insurer money, has been fined by the country’s financial watchdog...
AIG introduces Brexit Insurance
AIG is betting that it can cash in on the political and legal uncertainty created by Brexit. American International Group has added Brexit coverage...
Mounting student loans debt creating an economic risk
Each new student loan issued launches another person toward learning, self-discovery and a career.
Unfortunately, each new loan also triggers what many observers warn is...
Brand reputation – A delicate risk to manage
Giant Swedish box retailer IKEA is voluntarily recalling over 35 million dressers in North America after six children in Canada and the United States...
PIB Insurance Brokers launches new telematics product
The insurance brokers PIB have launched a new telematics policy and fleet insurance product, almost immediately following their acquisition of Channel Insurance Brokers.
The new...
Towergate’s New Specialty Market in London
Towergate has formed a specialty underwriting division exclusively for the London Market.
John Murphy and Glenn Marshall, best known for their roles at international underwriting...
ABI pushing for creation of cyber-attacks database
Building on the requirements of the new European Network Information Security Directive, the Association of British Insurers (ABI) is now calling for the creation...
Prudential Regulation Authority still worried about Solvency II
The Prudential Regulation Authority (PRA) is proposing a supervisory statement that sets out a new approach to monitoring model drift, in line with Solvency...
