Insurer
ABI: We were 'devoting too much time' to legacy issues
The Association of British Insurers (ABI) has announced plans for a fresh approach to the savings and life insurance markets after declaring it was "devoting too much of its time" to historic issues.
Aegon: ABI exit is 'amicable'
Aegon has said it will leave life company trade body the Association of British Insurers (ABI) at the end of the year, and instead lobby the government and regulators directly.
Aegon to delist from LSE
Aegon is to delist from the London Stock Exchange (LSE) next month as the benefit does not justify the cost, the insurer has announced.
Shaughnessy exits Fidelity for CEO role at Zurich
Gary Shaughnessy, head of Fidelity's retail business, is leaving the firm to become chief executive of Zurich's UK life business.
Resolution readies 'self-managed' exit from Friends in 2014
Resolution is preparing a "self-managed" exit from Friends Life in 2014 that would see the company split between a fit for purpose life company and a closed life fund consolidator.
Things clients say #4
ODD CASE
Bupa: Only 2% of complaints reach FOS
Bupa has become the second insurer to give further clarity about its complaints levels, suggesting providers may want further details to be published by the Ombudsman to put figures into a wider context.
‘Bullish' PruProtect plans more new products
PruProtect has said it is "bullish" about the future for the protection market and that it is aiming to be a major player in the UK market.
PMI market leaders see rise in FOS complaints
The private medical insurance (PMI) market's two biggest players have seen a rise in the number of complaints escalated to the Financial Ombudsman Service (FOS).
Prudential move 'unlikely' to impact PruHealth or PruProtect
Any move abroad by Prudential is "unlikely" to affect either PruProtect or PruHealth, COVER understands.
PruProtect continues market growth
PruProtect has announced a significant rise in new business premiums and the number of lives it now covers.
Insurers still uncertain about Gender Discrimination rules
With less than a year before the ECJ ruling on gender discrimination comes into effect, there is still confusion as to how insurers should respond, according to specialists.
PPI redress tips £2bn in 2011
The strain of the payment protection insurance (PPI) mis-selling scandal shows no sign of slowing as figures from the FSA show redress payments surged to a new monthly high in December.
Confused consumers shy away from complicated insurance
British consumers feel the insurance industry lags behind others in how it addresses their needs and have given their strongest hint that greater simplicity would be welcomed.
Ageas halves pre-tax loss
Ageas continued its protection market growth and halved its pre-tax loss in 2011.
Blog: The complexity of simple products
Phil Jeynes warns that removing components from simple products may mean weaker cover for clients.
Holloway Friendly increases IP claims paid
Holloway Friendly Society paid 96.2% of its income protection claims in 2011, up from the previous twelve months 95.5%.
Protection chiefs called to stagnant IP pow wow
The Income Protection Task Force (IPTF) is holding a heads of state meeting for CEOs of the major income protection providers.
Gender ruling may worsen protection ownership differences
Ageas has questioned whether the impending move to gender neutral pricing will result in women falling further behind men in their willingness to protect themselves.
Fraud register to launch in July
The Insurance Fraud Register will go live in July after the Association of British Insurers and the Insurance Fraud Bureau signed contracts on the creation of the database.
Free protection to credit union members
Cuna Mutual is offering three months free accident wage protection to credit union members.
Developing simple protection products will be 'quite challenging'
The protection industry may have to change the way it works if it is to maximise the potential of the simple products initiative, the project's leader has said.
Scottish Widows eyes protection market return
Scottish Widows has revealed it is examining the possibility of re-entering the IFA protection market.
Doctors demand investigation into PMI fee schedules
The British Medical Association (BMA) has called for the Office of Fair Trading (OFT) to extend its private healthcare market review to include insurers' fee schedules.
