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Insurer

Insurer

UK floods tipped to cost industry close to £500m

PWC has estimated weather-related damage in December 2013 and January this year could cost the insurance industry up to £500m.

clock 10 February 2014 •

Insurer

One in seven paid claims arise from deliberate non-disclosure

Munich Re estimates one in seven claims are paid in respect of someone deliberately failing to disclose relevant medical or lifestyle facts on application, mostly so significant that the application should have been rejected.

clock 03 February 2014 •

Regulation

Lloyds Banking group PPI bill rises by another £1.8bn

Lloyds Banking Group says it is increasing its provision for the mis-selling of payment protection insurance (PPI) by another £1.8bn, bringing the total to nearly £10bn.

clock 03 February 2014 •

Insurer

Friends Life launches master trust

Friends Life is planning to launch a master trust following increased focus on good scheme governance from The Pensions Regulator (TPR) and other industry bodies.

clock 31 January 2014 •

Insurer

Legal & General overhauls underwriting processes

Legal & General has today announced it has improved its financial underwriting criteria for customers taking out life insurance and critical illness cover.

clock 23 January 2014 •

Marketing

Canada life launches YouTube channel

Canada Life Group Insurance has launched a YouTube channel hosting in-depth webcasts for both advisers and clients.

clock 15 January 2014 •

Insurer

Aviva named as potential buyer for RSA

RSA's geographical footprint would be complementary to Aviva's, claims Berenberg analyst.

clock 08 January 2014 •

Insurer

Aviva pledges £500 million for UK infrastructure

Life insurer Aviva has announced that it has allocated £500 million for investment in UK infrastructure.

clock 19 December 2013 •

Insurer

'Big data' to drive competition between insurers

The majority (91%) of insurance industry executives have said big data/analytics will be a main source of competitive differentiation for insurers, according to a poll.

clock 04 December 2013 •

Insurer

Aviva and L&G join four life insurers in £25bn infrastructure pledge

Aviva and Legal and General are among the six insurers that have agreed to collectively invest £25bn in UK infrastructure over the next five years.

clock 04 December 2013 •
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