Insurance news

• MetLife finance chief leaves after reserves debacle

  01-05-2018 18:48
  Insurer is dealing with fallout of failure to pay pensions to 13,500 people
  
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• News analysis: Dual pricing in regulator’s sights despite delay

  01-05-2018 16:51 via insuranceage.co.uk
  FCA is undertaking diagnostic work to check pricing practices work well for customers
  
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• Industry fears FCA plans could kill professional indemnity market

  01-05-2018 16:02
  The insurance watchdog has opened a consultation into proposals which could see a surge in personal indemnity premiums and force some providers out of the market altogether.
  
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• Honcho granted FCA approval as it expands into motor market

  01-05-2018 15:34
  Price comparison website disruptor, Honcho has been granted authorisation from the Financial Conduct Authority as it expands into the motor insurance market.
  
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• Blog: Brokers dealing in motor claims must support tech

  01-05-2018 13:04 via insuranceage.co.uk
  Kath Manion of Davies Group explains how technology is changing motor claims and outlines what the benefits to brokers could be.
  
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• Rate increases remain inconsistent, says JLT

  01-05-2018 12:19
  Rate increases remain inconsistent with rises largely limited to loss effective lines of business, according to Jardine Lloyd Thompson.
  
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• InsurTech Futures: Mobile app Honcho aims to disrupt price comparison websites

  01-05-2018 12:11 via insuranceage.co.uk
  Broker-owned online reverse auction app to launch in the car insurance sector in Autumn 2018 after being authorised by the FCA.
  
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• Crawford boss to become partner at Harris Balcombe

  01-05-2018 11:44
  Crawford’s head of financial risk services, Steven Nock, is to join loss assessor Harris Balcombe when partner Nick Balcombe retires in autumn this year.
  
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• #Insagepeople: 30 April - 4 May 2018

  01-05-2018 10:41 via insuranceage.co.uk
  Catch up with the latest people news.
  
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• News analysis: Blanc “an unbelievable gain for Zurich”

  01-05-2018 10:27 via insuranceage.co.uk
  Market reacts to Axa group CEO of UK & Ireland Amanda Blanc’s decision to move
  
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• Opinion: Vincent Rezzouk-Hammachi on how brokers should approach GDPR

  01-05-2018 10:13 via insuranceage.co.uk
  The new rules coming into force later this month will have far-reaching impacts on brokers, says Vincent Rezzouk-Hammachi
  
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• Bridle Insurance MD set to take ownership of Sunderland Football Club

  01-05-2018 10:08 via insuranceage.co.uk
  Broker boss, Stewart Donald, has previously been involved with Eastleigh Football Club and Oxford United.
  
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• Swiss Re names Jake Algar Corporate Solutions head

  01-05-2018 09:52
  Swiss Re's insurance arm Swiss Re Corporate Solutions has named Jake Algar head of UK & Ireland, effective 1 May 2018.
  
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• Covea's Simon Cooter on investing in tech for customers, not for profit

  01-05-2018 07:00
  There has never been a better time for brokers and insurers to collaborate and innovate but new technology needs to focus on enhancing customer experience, explains Simon Cooter, commercial lines and high-net-worth director at Covéa Insurance.
  
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• Blog: Travel insurers unwittingly fuelling corruption in Peru

  01-05-2018 07:00
  Craig Wright, operations manager at Traveller Assist, explains how his risk management firm has unveiled a web of price-fixing, bribery and corruption in Peru hospitals, which he warns is being fuelled unwittingly by travel insurance companies.
  
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• Probe exposes Australian banks’ abuse of customers

  01-05-2018 02:52
  Closed and cosseted industry has tended towards culture of rule-breaking
  
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