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Insurance Breaking News | Home & Auto Insurance
  • A take a look at Insurance coverage Hound’s most learn by brokers in June and July 2018
    A take a look at Insurance coverage Hound’s most learn by brokers in June and July 2018

    Which subjects have been grabbing consideration over the summer time, Brokers have been eager to study extra concerning the Basic Knowledge Safety Regulation (GDPR) over the summer time. Insurance coverage Hound, our free for brokers sister website, showcases in depth market stories, which include enterprise helpful professional evaluation. In June and July the highest 5 […]

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  • Police transfer for bone breaking insurance coverage fraudsters
    Police transfer for bone breaking insurance coverage fraudsters

    Italian police have arrested alleged Sicilian gangsters who would hurt drug addicts, alcoholics, and others determined for money to defraud insurers out of claims for pretend care accidents. In response to Italian information company ANSA, the suspects would smash iron weights on the limbs of victims, and would subsequently declare the accidents have been from […]

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  • Ghost brokers in dock after Esure and police uncover racket
    Ghost brokers in dock after Esure and police uncover racket

    The fraudsters concerned within the “elaborate” rip-off, which focused minicab drivers, obtained suspended sentences and group service. A group of East London-based fraudsters who arrange a ghost broking operation concentrating on minicab drivers have collectively been sentenced to 57 months suspended following being convicted of conspiracy to commit fraud. A press release from the Insurance […]

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  • GWP and income fall at Ageas UK in H1 2018
    GWP and income fall at Ageas UK in H1 2018

    Supplier additionally posts revenue improve and an improved COR of 99%. Ageas UK has posted a big internet revenue rise for the primary half of 2018 to €31m (£27.8m) from €11m in H1 2017. Nevertheless, income for the supplier, together with Tesco Underwriting, fell to €921m for the six month interval in comparison with €1.1bn […]

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  • AIG names CEO for post-Brexit European division
    AIG names CEO for post-Brexit European division

    AIG names CEO for post-Brexit European division Thomas Lillelund to function CEO of AIG Europe SA Employees on August eight, 2018 Thomas Lillelund has been appointed CEO of AIG Europe SA, the brand new authorized entity established by AIG to offer enterprise continuity for the corporate’s European operations following the UK’s withdrawal from the European […]

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  • Starr Insurance coverage takes on Aspen’s aviation enterprise
    Starr Insurance coverage takes on Aspen’s aviation enterprise

    Starr Insurance coverage has inked an settlement with Aspen Insurance coverage to buy the latter’s renewal rights of its aviation enterprise. The worth of the Aspen aviation e-book is estimated to be in extra of US$50 million (about CA$65.four million) in gross written premiums, Starr stated. Aspen introduced final week it was exiting the aviation […]

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  • Income shoot up at Hastings within the first half of 2018
    Income shoot up at Hastings within the first half of 2018

    CFO Richard Hoskins says focus is on “disciplined progress” and investing in digital initiatives. Hastings Group has revealed a 22% rise in working revenue to £105.1m for the six months ended 30 June 2018 (H1 2017: £86.5m). As well as its gross written premium (GWP) elevated by 5% to £485.6m, in comparison with £462.0m within […]

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  • Insurers who embed clever options might assist industry achieve $26 billion a yr
    Insurers who embed clever options might assist industry achieve $26 billion a yr

    Insurers might increase their collective annual income by US$20 billion (about CA$26 billion) via using clever options like synthetic intelligence (AI), machine studying and knowledge analytics, based on new analysis from international administration consulting agency Accenture. An Accenture report, entitled ‘Reimagining Insurance coverage Processes with Clever Options’ suggests insurers who embed clever options into their […]

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  • LV outcomes hit by climate claims
    LV outcomes hit by climate claims

    Revenue and COR deteriorates for H1 2018 however GWP will increase to £827m amid switch of enterprise with Allianz. LV’s basic insurance coverage enterprise has seen its’ COR deteriorate to 95.7% within the first half of 2018. Final yr noticed a COR of 93.6% for the half yr. Working revenue additionally slipped to £23m (H1 […]

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  • Economical reviews $25.1 million internet loss for second quarter
    Economical reviews $25.1 million internet loss for second quarter

    Economical Insurance coverage generated a internet lack of $25.1 million through the second quarter this yr amid larger disaster losses, in line with its newest monetary outcomes. “Sadly, like many within the business, we have been closely impacted by extreme climate occasions in Ontario and Quebec, referring to wind, ice, and rain in the course […]

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  • White paper examines how insurers can adapt to millennials
    White paper examines how insurers can adapt to millennials

    White paper examines how insurers can adapt to millennials Cake & Arrow surveyed greater than 300 millennials for the report Employees on August 7, 2018 A brand new white paper from Cake & Arrow seems to be at how insurers can higher tackle the wants of millennials. “For too lengthy, millennials have been handled as […]

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