Members of the Association of British Insurers have agreed to follow five principles to manage the amount customers pay when they pay their premiums monthly rather than annually.
The premium finance principles underline what the ABI says fair practice should look like, and revolves around five elements: transparency, affordability, fair value, proportionality and
Canary Riverside appeal leads to reduction in freeholder payout
An Upper Tribunal has reduced the sum repayable to leaseholders of the Canary Riverside complex in east London, ruling that just 65% of the total should not have been paid.
Copart confirms delays to Luton Airport salvage operation
Speaking to Insurance Post, Copart UK chief executive Jane Pocock has confirmed that the Luton Airport salvage operation should be completed in “four weeks.”
Allianz increases fraud prevention as it partners with Clearspeed
After a 29% increase in fraud prevention in 2023, Allianz’s personal lines business has partnered with voice analytics tool Clearspeed to enhance its fraud detection capabilities moving forward.
Big Interview: Jason Storah, Aviva
In his first full profile interview since taking over as UK and Ireland General Insurance CEO at Aviva, Jason Storah sits down with Scott McGee to talk about the insurer’s re-entry into Lloyd’s, where else Aviva could yet expand, and the differences between the UK and Canadian insurance markets.
FCA to work with Big Tech on sharing data with insurers
The Financial Conduct Authority intends to examine how Big Tech firms’ datasets could unlock better insurance products, more competitive prices, and wider choice for customers.
Biba’s EV scheme; Cytora and DynaRisk partner; WTW’s global head of claims
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Invoice insurtech Nimbla enters voluntary liquidation
Invoice insurtech startup Nimbla has appointed two voluntary liquidators from Leonard Curtis.
Aviva’s Storah has ‘big ambitions’ for HNW
Jason Storah, Aviva’s UK & Ireland general insurance CEO, has revealed his “big ambitions” for the high-net-worth business, and teased a potential entry into pet insurance, as the insurer is “always looking” at expansion opportunities in personal lines.
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