Daily Insurance Industry News
Daily Insurance Industry News
Monday 15th of October 2018
June 29, 2007

Intermediaries Offer Best Motor Premiums

by Gill Montia

Story link: Intermediaries Offer Best Motor Premiums

Experian, the global support services company, has developed a Motor Insurance Benchmark, which measures motor insurance premium movements in the UK. The model has revealed that in the past 12 months comprehensive motor insurance premiums in the direct market have increased to overtake premiums in the intermediary market. Premiums in the intermediary market have historically […]

ACE Expands into Life Assurance

by Gill Montia

Story link: ACE Expands into Life Assurance

ACE, the direct marketing insurance group, has secured the approval of the FSA to establish a new life assurance company that will be based in London. ACE Life, which was registered in November 2006 as a subsidiary of ACE Tempest Life Re Bermuda, will be launched in 10 European countries during 2007 and 2008. It […]

June 28, 2007

Aon Advises Flooded Businesses

by Gill Montia

Story link: Aon Advises Flooded Businesses

Aon is advising businesses affected by the recent floods to check their policies to see if they provide interim payments for repairs and loss of revenue. Some claimants may have to wait months before their insurance claims are settled and this can be a major frustration for businesses, particularly where loss of revenue is involved. […]

June 27, 2007

FSA Reviews IFA Selling

by Gill Montia

Story link: FSA Reviews IFA Selling

The Financial Services Authority (FSA) has plans to review the investment advice sector and take a look at its level of remuneration. The Authority is keen to improve the advice offered to consumers, particularly with regard to life and pensions products, and is considering rating advisers according to their qualifications and the level of advice […]

Claims Rise with Floodwaters

by Gill Montia

Story link: Claims Rise with Floodwaters

Abbey Home Insurance has gathered data showing that up to 8,600 claims were made on 25th June, as a result of the flooding and adverse weather conditions that affected much of the UK. Of these 3,200 claims were made for flood damage, 5,100 for damage caused by storms and 210 for damage caused by lightning. […]

June 26, 2007

FSA to Regulate Travel Insurance

by Gill Montia

Story link: FSA to Regulate Travel Insurance

New Government plans will give the Financial Services Authority (FSA) responsibility for regulating the sale of travel insurance that is purchased alongside a holiday. Currently the FSA only regulates travel insurance not sold as part of a holiday package and the move will give consumers the statutory protection afforded by FSA regulation. Once the authority […]