Insurance

269 articles tagged with this keyword

/Insurance

Ribbit Capital raises $100m for financial innovation fund

Ribbit Capital, a new Silicon Valley-based venture capital fund focused purely on investing in innovative, tech-led financial services firms, has launched after closing its own $100 million fund.

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RBS confirms Direct Line IPO

The Royal Bank of Scotland has confirmed plans to offload its Direct Line insurance business in an initial public offering that analysts suggest could be worth £3 billion.

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Google launches UK car insurance price comparison service

Google has introduced a UK price comparison service for car insurance, adding to the search giant's credit card and bank account offerings.

/Insurance

Credit Suisse shifts back office jobs from Singapore to India and Poland

Credit Suisse is shifting dozens of back office jobs from Singapore to India and Poland in a bid to cut costs, according to the Financial Times.

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Aviva to trial 'pay-how-you-drive' smartphone insurance app

Aviva is inviting motorists to trial a new smartphone app which will be used to calculate tailored 'pay-how-you-drive' motor insurance premiums.

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Cognizant wins $330m ING US contract

ING US has inked a seven year, $330 million, insurance business process services contract with Cognizant that sees 1000 employees transfer to the vendor.

/Insurance

Aviva accidentally fires all 1300 staff at investment arm

Aviva Investors accidentally fired all 1300 of its global staff by e-mail on Friday, before realising its error and retracting the dismissals.

/Insurance

SIX Swiss Exchange glitch delays trading

SIX Swiss Exchange has been forced to delay the start of trading by three hours because of a "technical problem".

/Insurance

Aviva risk staff ditch pen and paper for Blackberry PlayBooks

Insurance giant Aviva is handing its UK risk assessment staff Blackberry PlayBook tablets with a bespoke application.

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Aviva to cut 950 Irish jobs

Insurance giant Aviva is set to axe around 950 jobs in Ireland, merging its operations in the country with the UK business.

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Tesco Bank adds price comparison engine to insurance quotes

UK supermarket bank Tesco is to offer customers the option of using its own brand price comparison service to rate home and insurance quotes served up by the retailer's online banking portal against competitor offerings.

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HSBC Insurance taps IBM for Solvency II compliance

HSBC's UK insurance business has selected IBM to help it develop and roll out a business analytics system ahead of upcoming European Solvency II legislation.

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Anonymous posts leaked Bank of America e-mails

A member of the online collective Anonymous has published e-mails it was handed by someone claiming to be a former Bank of America employee that purport to show the suspect removal of mortgage insurance information from databases.

/Insurance

Standard Life to acquire Focus Solutions

Standard Life has made a recommended £42 million bid for UK AIM-listed financial technology supplier Focus Solutions.

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Insurer warns social media users of burglary risks

Churchill Home Insurance has warned customers not to advertise their whereabouts on social media sites for fear of driving a big increase in house burglaries.

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RBS to axe 400 Direct Line jobs - BBC

The Royal Bank of Scotland's Direct Line insurance unit will today tell around 400 staff at its Glasgow offices that their jobs are being axed, according to the BBC.

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FSA fines Zurich £2.275m over customer data loss

Zurich Insurance's UK arm has been hit with a record £2.275 million fine from the Financial Services Authority (FSA) over the loss of a backup data tape containing the details of 46,000 customers.

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Lloyds axes another 650 jobs

Lloyds Banking Group is cutting 650 permanent, full time jobs and axing more contractors and temporary staff as part of its latest shake-up.

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Swift insurance industry project 'dead in the water'

Interbank co-operative Swift's bid to break into the insurance business has been put on ice, after reinsurers proved unwilling to invest in the creation of a new electronic trading platform.

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Risk management weaknesses at finance firms persist - EIU survey

Many of the flaws in risk management at banks and insurers that precipitated the global financial crisis remain unaddressed even as new dangers have emerged, according to research from the Economist Intelligence Unit.