General Insurance news alert

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Updated 18 May 2012

08 May 2012
ABI Quarterly consumer survey Q1 2012
The ABI Quarterly Consumer Survey looks at consumer behaviour, mainly in relation to life and general insurance products, as well as attitudes towards savings and financial resilience. (ABI)
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08 May 2012
Mobile phone insurance fraud soars
From opportunistic small-time scammers to organised crime gangs, mobile phones have become one of the hottest products for insurance fraudsters to target. (FT.com insurance)
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03 May 2012
L&G reports 17% increase in GI premiums
Legal & General has reported a 17% increase in general insurance premiums for Q1 2012, and a 9% increase in protection sales. (Mortgage Strategy)
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02 May 2012
Whiplash claims driving up insurance costs
Whiplash injury claims cost insurers more than £2 billion last year - adding around £90 to the cost of a typical car insurance policy, the AA has revealed. (Telegraph)
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30 April 2012
Airline insurance sector soars to first profit in five years
Profitability returned to the aviation and airline manufacturing insurance markets in 2011 following one of the lowest years for losses and passenger fatalities on record, according to Willis’ Aerospace. (Insurance Age)
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22 April 2012
European Insurers May See ‘Golden Year’ as Disasters Push Prices
Europe’s biggest insurers and reinsurers, including Allianz SE and Zurich Insurance Group AG, are using last year’s losses from natural catastrophes and auto underwriting to increase policy prices. (Bloomberg)
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20 April 2012
FSA warns insurers over ‘weak’ documentation and policies
Companies relying too heavily on expert judgement rather than decisions based on documentary evidence. (FT Adviser)
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17 April 2012
GWP of global non-life insurance to reach $2,500bn by 2017
The global non-life insurance industry saw moderate growth during 2006-2011 and the growth momentum is expected to continue, reaching an estimated $2,500bn in 2017 with a CAGR of 4.2% over the next five years, according to Lucintel. (Insurance Insight)
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05 April 2012
Car insurance: satellite boxes 'make young drivers safer'
In-car devices have cut crashes by 20% and could bring big drop in premiums, says insurer. (Guardian)
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05 April 2012
Ministers promote insurance as legal aid alternative
Ministers are pushing for people to take out insurance cover for catastrophic events as a replacement for legal aid. (The Guardian)
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02 April 2012
Older drivers 'no worse' than youngsters - study
A new report suggests that the mortality rate of older drivers in road accidents is higher simply because their chances of surviving serious injuries are less than younger motorists - not because they are bad drivers. (Age UK)

Disclaimer:
These news stories do not represent the Profession's views. They are collected using general website search techniques.