News archive

  • Future of broking

    Brokers are facing a number of challenges, with everything from regulation and technology disruption through to the unavoidable issue of “demographics” putting the sector’s future at risk.
    Given all the challenges, brokers need to build on their existing skills. The hallmarks of successful brokers are about being entrepreneurial, specialist and progressive and putting themselves and their clie

  • ALLIANZ PARTNERS WITH YOUTH SPORT TRUST FOR ‘DARE TO BELIEVE’ FESTIVALS

    National series of school festivals aim to tackle inclusion Allianz has formed a partnership with Youth Sport Trust (YST), a national charity, to deliver 20 ‘Dare to Believe’ Festivals with more than 100 primary schools and over 2000 young people, to tackle attitudes and perceptions to special needs and disability among young people.

  • The future of claims

    It's claims Jim, but not as we know it!
    Ok, my Star Trek analogy might not be the best, but imagine the scene. Your car's involved in a collision and needs to be repaired. Rather than call your insurer to make a claim, the vehicle communicates directly with your insurer's claims department, the garage and your digital personal assistant to validate the claim and arrange a convenient time for th

  • UNDERLYING PERFORMANCE AT ALLIANZ IS STRONG AND THE OUTLOOK IS POSITIVE

    Allianz UK (Local) Financial ResultsQ1 2017Q1 2016Gross Written Premium£545.0m£547.3mOperating Profit£37.5m£ 47.4mCombined Operating Ratio96.7%95.9%
    The change to the Discount Rate had a £58.3m impact on the company’s existing reserves which resulted in a restatement of the 2016 financial results on a local basis. The effect of the change was to reduce the 2016 profit number

  • Steering a route through change

    The Association of British Insurers’ announcement that motor insurance premiums hit their highest recorded levels at the end of last year is another reminder that change is long overdue in the personal motor market. That’s coming but will it be enough? First up is the Prisons and Courts Bill, which seeks to bring premiums down by around £40 a year by tackling the whiplash epidemic. This will see a

  • Discount rate cut raises liability issues

    Much of the Ogden discount rate commentary has focused on the impact on motor insurance claims but the reduction has equally serious implications for other lines of liability business. There is little doubt that payments relating to significant injury claims will rise, and that rates may need to rise in order to fund this increased exposure.

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