Product
What’s the Big Idea?
In May this year, Insurance Age teamed up with Axa Personal Lines to launch the Big Idea at Biba 2011. Broker entrants from across the UK submitted 100 words detailing what their Big Idea was and those that held the most promise have been asked to submit…
Products: Cover from when the hammer falls
The high net worth antique and auction market has seen a recent focus on product development for both a broker and an insurer.
Products: Lexelle fuels market with expanded range
Wholesale broker Lexelle has launched a range of new products to help brokers meet customer demand.
Products roundup: Blanc divorces simple from complex at Axa
Amanda Blanc’s long-awaited strategy for Axa Commercial is unveiled this month and she is confident that it is what brokers want and need from an insurer. The division of simple and complex risks certainly seems to make sense and brokers may welcome the…
Products: Young drivers benefit from telematics
Insurers have been busy building on their telematics systems in an attempt to bring down the rising cost of motor premiums for young drivers.
Products: Victor Millwell takes on Aviva’s motorhome book
Aviva has defended its decision to pass on its direct motorhome business to Victor Milwell, saying that it would consider entering into other direct schemes with brokers.
Review: The wheels on the minibus…
QBE Minibus Plus. This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
Products: Axa to simplify product lines
As part of Axa Commercial chief executive Amanda Blanc’s new strategy, she has unveiled plans to launch a double pronged attack with a portfolio of simple and complex products.
Products: UK first as Arag develops new ‘divorce insurance’
Heralded as the first of its kind in the UK, Arag has developed a divorce product with two law firms.
Review: Extra cover for motor
Pro-Motor Rescue. This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
QBE launches first UK product via social media
QBE has launched a new travel insurance product in partnership with YearAbroadInsurance.com.
Insurers must simplify product info, says Unum
Income protection provider Unum has called on the insurance industry to simplify its customer product information.
Pet insurance study reveals £2.5bn of premium potential
Defaqto has estimated that with 48% of dogs and 69% of cats uninsured in the UK, the pet insurance sector offers providers a potential £2.5bn in untapped premiums.
Blanc sets record GWP target
Amanda Blanc has vowed to surpass Axa Commercial's gross written premium (GWP)record by writing £1.2bn worth of business by 2015.
New Sterling cover for the antique Connoisseur
Sterling Insurance has entered into a partnership with Connoisseur Policies to provide specialist cover for antique dealers, art dealers and auctioneers.
PMI industry must change tack to avoid further consolidation, says Pruhealth
Pruhealth has slammed the unsustainable economics of the SME private medical insurance (PMI) market.
Insurer claims industry first with mobile payment cover
Insurance2go.co.uk has said its policy covering mobile phone payment technology fraud is the first of its kind.
Power hour: In the grand scheme of things
The industry may not always agree on what constitutes a scheme, but they could hold the secret of future success for brokers, reports Liz McMahon
Products: Groupama claims a first with fully online commercial combined product
Groupama has labelled its new product, Optima Business Plus, the market’s first fully online, multi-section commercial combined product.
Products: Aviva returns to telematics with motor fleet product
Aviva has announced its partial re-entry into the telematics arena with a new motor fleet offering.
Products: CBG brews up scheme for drinks makers
CBG has launched an insurance scheme to meet the specialist needs of the commercial brewery industry.
Products: Insurers ready for Olympic opportunity
As London 2012 fast approaches, insurers are looking towards how they can capitalise on the influx of tourists flooding London for the Olympics.
Products: Allianz and Axa launch commercial motor add-ons
Both Allianz and Axa have launched motor add on offerings in an attempt to court broker favour in the commercial motor arena.
How to… Present a scheme
In a nutshell ▶ Brokers must demonstrate they understand the sector and the opportunities it presents ▶ Provide solid evidence of their capabilities for marketing and administration and ideally evidence of other schemes’ successes ▶ Explain how the…