Industry News Roundup

Government Insurance Fraud Task Force – Final Report : 18th January 2016

The Government’s Insurance Fraud Task Force Final Report released

Click to view the full report Here 


Post Magazine : 9th December 2015

Cunningham Lindsey using drone technology to assess Storm Desmond


Post Magazine – Loss Adjusting Review of the Year : 3rd December 2015

Post Magazine – Loss Adjusting Review of the Year


Post Magazine : 26th November 2015

Three UK  Crawford execs depart

Crawford and Company has confirmed the departure of five executives, including three from the UK.

‘Remarkable Towergate is still standing’ says CEO

David Ross points to “extraordinary amount of trauma”.

AIG UK boss McNamee to exit amid $500 m cost-cutting drive

Managing director Jacqueline McNamee is to depart the insurer.

RSA transfers home and injury adjusting team to Cunningham Lindsey

More than 120 home and injury loss adjusters are to transfer.

Tony Emms leaves Zurich in executive reshuffle

Karl Helgesen to take on general insurance chief claims officer role.

Towergate Q3 income drops 10% as infrastructure challenges continue

Year to date income also dropped to £270.6 m.

Aviva commercial to launch multinational offering in 2016

Soft launch comes after 18 months of development.

Towergate regulatory costs hit £5.4 m in Q3 as FCA talks continue

Total costs for the first nine months of 2015 are £8.8 m.

Post Magazine : 19th November 2015

Brokers expect to benefit from Zurich’s cost-cutting programme

The initiative will result in up to 440 UK redundancies.

Parabis Group confirms Plexus sale to original founders

Andrew McDougall and Tim Roberts have entered into an exclusive deal.

Co-op announces trio of hires

Diane Buckley and Julie Hopes will join the board as NEDs and Gary Hueting will join as COO.

FCA paves way for insurers to take advantage of cloud services

No “fundamental reason” why cloud computing cannot be used.

Crawford to cut up to $28 m from expense base in additional restructure

Firm seeks to reduce its dependence on severe weather claims.

Post Magazine : 12th November 2015

Profit plummets 48% at Zurich’s UK business amid ‘perfect storm’

Insurer saw business operating profit fall in third quarter of 2015.

Zurich to cut up to 440 UK jobs

Zurich has confirmed proposals to cut jobs in its UK general insurance business.

Zurich a ‘distraction’ for RSA in Q3

Stephen Hester called Zurich’s “unsolicited approach” a distraction.

Aviva personal lines MD Treloar to take over from O’Roarke at LV

LV has appointed Steve Treloar as MD for general insurance.

AIG planning to axe 400 senior executives

Restructuring in the US after posting a $231 m (£149 m) loss for the third quarter of 2015.

Insurers urged to step up pace of innovation

Amazon and Google have warned insurers must increase their digital innovation.

Post Magazine : 5th November 2015

Aviva signs five year partnership with Homeserve

The insurer will underwrite home assistance products for Homeserve.

Reid to tor the regions as integration takes precedence at Gallagher

Stuart Reid to favour an “integration and re-engineering” strategy.

UK start-up Covva launches first hourly insurance cover

Cover from one to 24 hours provided solely through it’s app

Emergence of ‘disruptors’ keeping established motor players on their toes

Cuvva launch hailed as an example of ‘disruptor’.

ABI calls for FCA to regulate claims management sector

23% of CMC’s were either warned or had their authorisation cancelled in 2014/15.

Aviva UK and Ireland Q3 COR improves to 92.8%

The overall general insurance business reported a COR of 94% for the period.

Post Magazine : 29th October 2015

Zurich looking at leaner loss adjusting panel

Looking to forge closer ties with its loss adjusting partners

Axa unveils loss adjuster panels for property claims

Prior to the panels it ran a preferred partner scheme with GAB Robins.

Questgates loses out as Zurich reveals its loss adjusting panel

Criterion featured for the first time.

Increased innovation and outsourcing key to driving down household claims expenses

Expenses outstripping the cost of claims.

Oak to launch nine-strong in-house claims team

High net worth claims team launched on 25 October.