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News

  

With an expected £200 million in claims to be paid out by the industry due to damage caused during the riots, Insurance is in the limelight. As emotions continue to run high the ABI have stepped in and offered help to the Government and p... Social Media has revolutionised the way in which people and business’s exchange information. As a tool to help prevent fraud insurers have had recent success in prosecuting and refuting claims based on data on Facebook. Graham ... The financial research company, Defaqto, have recently published The Travel Insurance Report, which states that in the last two years the number of travel insurance industry providers has increased 24%. Despite a decline in overseas journeys, t... With regulatory decision-making gradually shifting to Europe, Aifa has warned that there is a danger of IFAs becoming collateral damage. In the UK ‘independent advisers’ is defined as covering the whole of the market, whereas in the... Following a number of natural disasters, the insurance market is expecting incremental rate rises across property, professional indemnity, motor, marine and liability. The rises are anticipated to apply to both insurance and reinsuranc... The BIBA conference took place this year at Manchester Central on 11-12 May. The theme was extremely pertinent this year, as not only brokers but any business will be feeling the effects of the economic climate and signs of adversity are all ar... Following the opening address at this year’s British Insurance Brokers Association (Biba) conference by Chairman Patrick Smith, it has been confirmed that Biba and the Institute of Insurance Brokers (IIB) are in formal discussions regardi... It is a constant source of surprise to me to find that even in today’s tightened market that many insurance and finance professionals are still loathe to maximise the potential income from their general insurances whilst offering the most... In the past couple of weeks homeowners flocked in their millions away on holidays to make the most of the long Easter break and similar numbers were involved in street parties and festivities across the UK in celebration of the royal wedding. R... Under insurance continues to be a headache for both brokers and their clients, with a number of home owners not realising their policy may leave them exposed. Following the dramatic rise in the value of commodities such as gold and p... The 2011 BIBA conference gets underway next week with attendees currently numbering 3400 and numbers expected to exceed last years’  turnout of 4020. Of the attendees 2341 were brokers. There were 170 exhibitors last year all eager t... A large scale survey for Mapfre Assistance showed over three quarters of insurance brokers saying they were confident about their prospects for business growth in the next year. Price comparison sites were cited as the biggest threat to brokers... With an addition of £44 to the average premium a household will pay for its insurance, fraud remains a very real and expensive danger to stable pricing for the General Insurance (GI) market. A recent study by Legal & ... Background to Insurance Fraud Bureau (IFB) The Insurance Fraud Bureau (IFB) launched on July 26th 2006 to provide a tactical solution for the detection and prevention of organised, cross industry fraud, supporting the wider Associa...

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     inet3 2011