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Covéa reports solid results
- 31/03/2015
- Posted by: Alan Feldberg
- Category: News
Covéa Insurance has today announced its financial results for 2014, with it reporting ‘growth and solid results, despite challenging market conditions’. The company has reported a 15% increase in gross written premiums (GWP) to circa £445m, an improved combined ratio of 97.8% and an increase in profit before [...] -
Public set to increase insurance spend
- 30/03/2015
- Posted by: Alan Feldberg
- Category: News
People are expected to spend more money on insurance products according to the latest CBI/PWC Financial Services Survey, which was published today. For the first time in a year, optimism improved for general insurers, with many reporting a solid growth in business volumes for the second consecutive quarter. [...] -
Insurers look to supply chain
- 27/03/2015
- Posted by: Alan Feldberg
- Category: News
At the recent Marketsforce’s 3rd annual Motor Insurance Summit, the supply chain was highlighted as being a key component for insurers moving ahead. Speaking at the conference, themed Looking ahead: charting the evolution of motor insurance, Francois-Xavier Boisseau, chief executive officer, insurances, Ageas, [...] -
Car insurance fraudster jailed
- 27/03/2015
- Posted by: Alan Feldberg
- Category: News
A car rental firm owner who made £65,000 selling invalid car insurance to motorists across the UK was jailed for two years at the Old Bailey yesterday. Jeffrey Derek King had earlier been found guilty of acting as a ‘ghost broker’ and laundering money, following an investigation by the City of London [...] -
ERS puts staff on notice
- 26/03/2015
- Posted by: Alan Feldberg
- Category: News
Specialist motor insurer ERS has put 380 staff on notice of redundancy ahead of the closure of its Brentwood office, Post Online has revealed. The company will enter a 45-day consultation period until 14 May for 350 Brentwood-based staff, who cover a range of business functions, and 30 London staff, who are mainly [...] -
FCA plans opt-out ban
- 25/03/2015
- Posted by: Alan Feldberg
- Category: News
The Financial Conduct Authority today announced plans to ban opt-out selling in financial services markets. Opt-out selling is the practice of defaulting consumers into buying a product which they then have to opt out of, for example by using pre-ticked boxes to sell the consumer add-on insurance. Following a [...] -
Honda appoints Aviva
- 23/03/2015
- Posted by: Alan Feldberg
- Category: News
Honda UK has appointed Aviva as its sole supplier of Honda car insurance. As well as offering Honda car insurance, Aviva also provides a five day drive-away insurance policy to every buyer of a new or approved used Honda vehicle bought from one of its 150 UK franchise dealers. Managing director for Honda UK [...] -
ABI publishes insurance fraud report
- 18/03/2015
- Posted by: Alan Feldberg
- Category: News
ABI-commissioned research published today sheds further light on the motivations of insurance fraudsters. The research study, carried out by Perpetuity Research led by Professor of Criminology Martin Gill, will help insurers develop and refine their fraud prevention and detection practices and controls to further [...] -
Insurance industry launches apprenticeship framework
- 13/03/2015
- Posted by: Alan Feldberg
- Category: News
Major players within the insurance industry have launched a new government-backed framework for apprenticeships. They claim the insurance apprenticeship framework will ensure that apprentices develop valuable professional skills that are consistent across the industry and meet the needs of business. The [...] -
LV= continues to diversify
- 11/03/2015
- Posted by: Alan Feldberg
- Category: News
LV= has today unveiled its full results for the year to 31 December 2014, with the group witnessing ‘good growth in other products’ besides personal motor insurance, its most significant business line. Group operating profit was down to £86m (2013: £105m), however general insurance operating profit was up to [...]