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Monthly Archives: January 2018

Leadway Insurance Resolves to Drive Insurance Growth

Underwriting firm, Leadway AssuranceLimited, has expressed its determination topromote insurance awareness byincreasing industry visibility in nationalgrowth. The Head, Compliance and Enterprise RiskManagement, Temilolu Aduloju, said thisyesterday during a courtesy visit to theRutam House of The Guardian in Lagos. Aduloju explained that the move is borneout of the conviction that greater …

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Kelliher Insurance Group In Dire Need of Regional Brookers

Kelliher Insurance Group hopes to broaden their horizon and they are in search of regional brookers they can work with. Kelliher Insurance Group has big plans for the year – from brokernetwork expansion to client base diversification – as the marketreaches what group chief executive Imogen Coggan described as“an interesting …

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Kerry London MD, Speaks on Consolidation and Regional Brookers

Kelliher Insurance Group had revealed days back that it wouldbe pushing to diversify its client base in 2018, by extendingbeyond the City and the South East to regional brokers. Following the group setting out its strategy for the year,Insurance Business spoke to Kerry London – Kelliher’s wholesalebroking arm – about …

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FCA Hugely Fines One Call Insurance and Chief Executive Officer

TheFinancial Conduct Authority (FCA) has today revealed that it willfine an insurance intermediary £684,000 and its chief executive£468,600, following what it called a “failure to arrange adequateprotection” and “inadvertent spending” of client money. One Call Insurance Services Limited, also known as One Call, willalso be restricted from charging renewal fees …

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Telematic Box Saves Admiral From Insurance Fraud

Admiral has used telematics data to successfully defendfraudulent claims worth over £10,000. In a statement the insurer said its policyholder had collided therear of a private ambulance at low speed. Private AmbulanceServices Limited submitted a claim for repairs, hire costs andrecovery charges amounting to almost £8,000. The ambulance driver, Chantelle …

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Accident Risk For Young Drivers Increases by 12% In Winter Months

Accident alerts as part of policies enable telematics providerInsurethebox to alert the emergency services to a severe crash atthe point of collision, but it has issued a warning that youngdrivers need to tread carefully in winter months as bad crashesincrease. The chance of accident increases by 12% in the Winter …

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ANDIE to Relocate to New London Offices

Aioi Nissay Dowa Insurance Europe (ANDIE) is moving to newoffices in Leadenhall this week.ANDIE, which is part of the MS&AD insurance group, will now bebased at the Hallmark building at 52-56 Leadenhall Street. Mike Swanborough, chief executive officer of Aioi Nissay DowaInsurance Company of Europe Limited, commented: “ANDIE’snew office marks …

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Budget 2018 Must Raise HRA Limit, Reduce GST On Insurance Products

The budget should revise the tax-free limit for medical expenses upwards to Rs. 50,000, says Anil Rego, CEO, Right Horizons. There is a need to add more cities to the metropolitan umbrella under HRA, says Mr. Rego. Anil Rego, CEO, Right Horizons, shares his expectations from Budget 2018: Increasing HRA limitIn 2016, …

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Auto, Health Insurance To Cost More As Regulator Okays Raise For Agents

The change in premium after April 1 will be limited to around 5 percent of the existing rates. Car, motorcycle and health insurance will cost more from April 1 with regulator Insurance Regulatory and Development Authority (IRDAI) giving go-ahead to insurers for revision in commission for agents. The change in …

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Delay In Filing Insurance Claim No Reason To Reject It, Says Supreme Court

The decision of the insurer to reject the claim has to be based on valid grounds, the apex court said. New Delhi: Insurance claims cannot be rejected if the reason for a delay in filing it is satisfactorily explained, the Supreme Court has said while granting relief to a man who …

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