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Use of comparison sites to buy auto, home insurance developing, but trailing in Canada and the U.S.: Finaccord

October 6, 2016 by Canadian Underwriter

The use of comparison sites to buy auto and home insurance is developing rapidly, but continues to trail in Canada and the United States relative to the United Kingdom and continental Europe, according to new consumer research from Finaccord. On

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Two-thirds of U.K. polled firms not assessing financial impact of a cyber attack: Marsh

September 19, 2016 by Canadian Underwriter

Almost two-thirds of surveyed large and medium-sized organizations in the United Kingdom do not conduct or estimate the financial impact of a cyber attack, notes a new report issued Monday by Marsh. Despite a 56% rise in boardroom ownership of

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Adaptation key for insurance industry to remain relevant in a driverless world: LexisNexis

August 30, 2016 by Canadian Underwriter

The insurance industry will face some real challenges as driverless cars further develop, with just 26% of polled individuals in the United Kingdom expecting to be served by the industry as it stands today if they owned a driverless car.

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Only about 4% of Lloyd’s total business considered at risk from Brexit: Aon Benfield

August 18, 2016 by Canadian Underwriter

Only about 4% of Lloyd’s total business is considered to be at risk from the potential loss of membership of the single European market, following the United Kingdom’s decision to leave the European Union (EU) in June, according to Aon

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Insurers should offer lower premiums to motorists who don’t use mobile phones while driving, U.K. survey finds

July 20, 2016 by Canadian Underwriter

Six in ten motor insurance policyholders in the United Kingdom say that avoiding any type of mobile phone use should be a top factor used by insurers in offering lower premiums, according to a new survey. The survey of 1,314

News InsuranceMergers and Aqcuisitions

Car insurance premiums in the U.K. up 19% year-over-year, new study finds

July 11, 2016 by Canadian Underwriter

Motorists in the United Kingdom are facing the biggest annual price hikes in car insurance premiums in five years, with prices rising by £115 over the last 12 months, according to the latest Confused.com Car Insurance Price Index, powered by

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Latest estimate of insured losses from Eva-Frank flooding £538 million: PERILS AG

June 27, 2016 by Canadian Underwriter

PERILS AG Friday issued an estimate of £538 million for insured property market loss from flooding damage in the United Kingdom as a result of storms in late December and early January. Storms Eva and Frank hit the U.K. in

News Earnings / RatingsInsuranceMarkets / Coverages

London insurance market “well-positioned” to respond to Brexit, but decision could be “moderately credit negative”

June 24, 2016 by Canadian Underwriter

The London insurance market is resilient and well-positioned to respond to the United Kingdom’s decision to leave the European Union (EU), the International Underwriting Association of London (IUA) said on Friday. In a referendum held on Thursday, about 52% voted

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Floods in U.K. expected to produce repair bill of £1.3 billion, good progress on repairs to date

May 26, 2016 by Canadian Underwriter

The average cost of a domestic claim for the floods caused by Storms Desmond, Eva and Frank – which hit the United Kingdom in December and early January – is higher than usual, with the Association of British Insurers (ABI)