Category Archives: Household Insurance
Westminster should probe comparison sites
By Ralph Savage If yesterday’s hearing at the House of Commons Environment select committee on floods proved anything, it is that they must include comparison web sites and major distributors … Continue reading
ABI repeats flood challenge to UK Government
The Association of British Insurers has released a statement, calling on the Government to commit to a joint solution to ensure long term affordable flood insurance for high-risk households. The … Continue reading
2012 could be red letter year for home insurer profitbility
Data published on the profitability of UK Home insurers’ underwriting has revealed a 10% improvement on the sector’s performance during 2011. The industry’s net combined ratio in 2011 was 89% … Continue reading
Father of the Web warns insurers against data profligacy
Sir Tim Berners-Lee has urged insurers to avoid the temptation of using increasing amounts of publicly available data about consumers on the web to price their products.
The inventor of the World Wide Web made a plea to the industry at the British Insurance Brokers’s Association conference in Manchester yesterday, requesting that information we share about ourselves on line – particularly by young people through social networks – should not be gathered for the purposes of pricing risk.
Update: Marsh UK flood cover has insurer backing
Global broking group Marsh said its affordable flood insurance plan has “critical mass”, despite pessimism from one commentator today.
Marsh and its sister company Guy Carpenter announced ‘Project Noah’ which they claim can secure affordable flood insurance for at risk properties in the UK, only to have the idea chastised following a tweet from an Insurance Edge reader.
Is “Project Noah” the solution to the UK’s flood insurance crisis? businessmediaroundup.com/2012/04/03/mar… via @RalphSavage
3 April 2012 · Leave a Comment
Insurers to lead unwanted elderly customers towards correct aisle
INSURERS UNABLE TO offer cover because of age restrictions will have to direct the applicant towards an appropriate provider, according to new rules announced today. In a speech to the … Continue reading
