Latest Insurance News: Finextra Research

Origo to pilot secure e-mail service for life assurance industry

Origo, the technology standards body for the UK life assurance industry, is partnering with IFA portal Sesame, Norwich Union and Skandia to pilot a secure e-mail service for the exchange of confidential business documentation.

12 November 2008

News/Insurance

Swift to develop insurance industry platform

Interbank co-operative Swift has signed an agreement with major insurance industry players to develop a central platform for dematerialisation of paper transactions and electronic transmission between insurers, brokers and reinsurers.

17 September 2008

News/Insurance

Consumer group warns on comparison sites

Financial comparison Web sites are misleading customers and often fail to provide the cheapest product available, according to UK consumer association Which? Money.

20 August 2008

News/Insurance

Norwich Union set to cut 500 operations jobs

UK insurer Norwich Union is set to axe up to 500 operations jobs at its York offices and transfer the work to third party suppliers.

31 July 2008

News/Insurance

Tesco to take on UK's retail banks

UK supermarket giant Tesco is set to ramp up its retail banking services after agreeing a £950 million deal to buy out the personal finance joint venture it established with Royal Bank of Scotland (RBS).

28 July 2008

News/Insurance

Aviva sells BPO unit to WNS

Insurance group Aviva has sold its offshoring operations to Indian business process outsourcing (BPO) firm WNS in a £115 million cash deal.

11 July 2008

News/Insurance

SunGard buys Ireland's Delphi Technologies

Fintech powerhouse SunGard has acquired Delphi Technologies, an Ireland-based provider of IT consulting and professional services to banks, insurers and telcos. Financial terms of the deal were not disclosed.

02 July 2008

News/Insurance

Admiral creates 450 jobs in UK

UK insurance group Admiral is creating 450 jobs over the next three years - of which half will be call centre roles - at a new facility in Newport, Wales.

25 June 2008

News/Insurance

South Africa's Santam introduces SMS fraud tip-off system

South African insurer Santam is implementing mobile phone messaging technology from US-based Clickatell to launch a text-based fraud reporting system.

23 June 2008

News/Insurance

Online insurer swiftcover.com launches mobile car quote service

UK Internet-only insurance firm swiftcover.com is launching a service that enables potential customers to receive motor insurance quotes online via their mobile phones.

20 June 2008

News/Insurance

Aviva axes 1800 Norwich Union jobs

Insurance group Aviva is cutting up to 1800 operations roles at its UK-based Norwich Union business over the next two years.

06 June 2008

News/Insurance

Citi partners Prudential and mPay on Thai mobile payments scheme

US banking giant Citi has teamed with insurance firm Prudential and telco mPay to enable customers in Thailand to make insurance payments using their mobile phones.

27 May 2008

News/Insurance

Oracle buys insurance software firm AdminServer

Oracle has acquired AdminServer, a Pennsylvania-based provider of insurance policy administration software. Financial terms of the deal were not disclosed.

15 May 2008

News/Insurance

Bank of Ireland laptop stolen in 2001

Less than a month after reporting the thefts of four laptops containing unencrypted customer data, Bank of Ireland (BoI) says it is investigating claims that another computer containing confidential information was stolen back in 2001.

13 May 2008

News/Insurance

FSA warns on 'misleading' insurance comparison sites

The UK's Financial Services Authority (FSA) has warned that some insurance comparison Web sites could be misleading customers by failing to provide clear and accurate information.

08 May 2008

News/Insurance

RBS looking to sell off Tesco JV stake - report

Royal Bank of Scotland (RBS) is in talks to sell off its 50% stake in Tesco Personal Finance to the UK supermarket in a deal that could be worth up to £1 billion, according to press reports.

29 April 2008

News/Insurance

Bank of Ireland reports customer data theft

Bank of Ireland (BoI) has admitted that four laptops containing the unencrypted personal details of 10,000 customers have been stolen.

22 April 2008

News/Insurance

HSBC customer data lost in transit

HSBC says a computer disc containing the confidential personal details of around 370,000 UK life assurance customers has gone missing.

07 April 2008

News/Insurance

Bank IT spending to slow

Spending on technology by banks and securities trading firms is slowing down as the effects of the credit crunch start to take hold, according to the latest survey from the Confederation of British Industry (CBI) and PricewaterhouseCoopers (PwC).

31 March 2008

News/Insurance

Lloyds TSB enters online comparison market

UK high street bank Lloyds TSB has become the latest firm to enter the crowded online price comparison market by launching a motor insurance aggregator Web site.

07 March 2008