In another shock anti-discrimination move the EU rule that from 11th June 2013 it will no longer be legal to discriminate based on postal area / postcode. The move was inspired by a recent executive lunch in Brussels in which one diner observed that insurers are using postcode to rate some premiums cheaper for specific…
Last week we started to examine the metrics you’ll want to use to measure the success of your social media campaigns. We began with “interaction” which is often used as part of a bigger umbrella; “engagement”. All social media metrics of value have something to do with the engagement of your followers with your brand….
A recent review by the European Commission is likely to have serious implications for insurance brokers across the EU including the UK. The new rules are likely to be signed into effect during 2013 and with the exception of life products (which have a 5 year grace period in the directive) all insurance products are…
Brokers operating in the home insurance sector should be thinking about university this month. No, not going to university themselves but all those students who are heading off to higher learning. While their minds may be on the partying and the excitement of physics or history, there’s a gloomier side to university life that offers…
If you’re a broker dealing with commercial lines then you’ll be only too aware of the endless softening of rates recently. The recession and serious competition are eating into margins voraciously. Carriers are pushing hard to exploit both professional indemnity and the directors and officers space too. The latter (D & O) has seen softening…
There’s no doubt that global warming is real. There’s a bit of doubt as to how severe the effects will be or what they will be, but not that much. Insurance brokers probably aren’t to blame for global warming though. That’s the joy of working in a non-polluting industry, you simply can’t take the fall…
Recent research from the Insurer ACE suggests that 36% of UK Commercial organisations do not have cover in place in respect of losses resulting from acts of Terrorism. In addition and perhaps of more concern is that 13% believe that Terrorism and Political Violence are covered under their normal policies. This has lead me to…
A couple of weeks ago I wrote an article regarding Flood Insurance in the UK and the issues surrounding the Statement of Principles which will expire in June 2013 – see flood insurance. There is an growing concern that homes at risk from flooding will become uninsurable. This agreement between Insurers and the Government guarantees…
