Latest Insurance News: Finextra Research

Oliver Wyman buys Celent

US management consulting firm Oliver Wyman has acquired specialist financial services analyst group Celent. Financial terms of the deal were not disclosed.

21 February 2008

News/Insurance

Reed Elsevier to buy US insurance data firm ChoicePoint for $4.1bn

Publisher Reed Elsevier plans to integrate ChoicePoint with its LexisNexis Risk Information and Analytics Group to create a risk management business with $1.5 billion in revenues.

21 February 2008

News/Insurance

Lloyds TSB offers mobile phone number back-up service

UK high street bank Lloyds TSB is adding a mobile phone number back-up service and increased handset insurance cover to its 'Added Value Accounts' package.

20 February 2008

News/Insurance

City IT contractors cash in on crunch

Salaries for IT contractors working in the City have jumped by 11% in the past six months - to the highest level for two years - as banks look to upgrade trading and risk platforms following last year's credit crunch.

14 February 2008

News/Insurance

ChoicePoint acquires insurance analytics firm Optimal Decisions

ChoicePoint is acquiring Australian firm Optimal Decisions Group (ODG), which specialises in advanced analytics and software for the insurance industry. Financial terms of the deal were not disclosed.

06 February 2008

News/Insurance

Watchdog to probe insurance comparison sites

The UK's Financial Services Authority (FSA) is set to review the regulation of insurance comparison sites amid concerns that current rules do not adequately protect customers.

22 January 2008

News/Insurance

Atos Origin inks LV= IT outsourcing deal

UK insurance firm LV=, formally known as Liverpool Victoria, has contracted with Paris-listed IT services firm Atos Origin for the management of its mainframe and mid-range infrastructure.

17 January 2008

News/Insurance

NetEconomy signs Banque AGF France to AML software

Netherlands-based NetEconomy has signed Banque AGF France, a retail banking subsidiary of Allianz Group, to its anti-money laundering package, Compliance Manager.

23 November 2007

News/Insurance

Tesco muscles in on online price comparison market

UK supermarket chain Tesco has entered the crowded online price comparison market with the launch of a motor insurance Web site.

12 September 2007

News/Insurance

Admiral ends Confused sale talks as Tesco eyes price comparison market

UK insurance group Admiral has ended discussions with private equity firms over the sale of a minority stake in its price comparison Web site Confused.com after failing to agree a price.

13 July 2007

News/Insurance

Insurance software vendor SSP buys rival Sirius

UK insurance software provider SSP Holdings has agreed a deal to takeover rival vendor Sirius Financial Solutions in a cash and share transaction worth £43.4 million.

09 May 2007

News/Insurance

More Th>n to encourage green driving via in-car telematics

More Th>n, the direct insurance arm of Royal & Sun Alliance, is to offer motorists a telematics car insurance policy which uses GPS technology to help people drive in a greener way and save money on fuel.

23 April 2007

News/Insurance

Royal & SunAlliance signs two new outsourcing deals

Insurance group Royal & SunAlliance (R&SA) has extended the IT infrastructure services contract it signed with IBM in 2001 by signing a new 10-year deal. It has also inked a five-year, multi-million pound contract with Cable & Wireless for a complete network outsource and a hosted IP infrastructure, covering all aspects of its telecoms and network IT requirements until 2012.

18 April 2007

News/Insurance

Norwich Union Life outsources policy administration to Swiss Re

Norwich Union Life has signed an agreement to outsource the administration of almost three million of its existing life and pension policies to Swiss Re.

07 March 2007

News/Insurance

FSA warms to climate change risk

The Financial Services Authority has issued a stark warning to the financial services sector about the risks and challenges posed by global warming and climate change.

31 January 2007

News/Insurance

Norwich Union brings 150 Indian call centre jobs back to UK

Insurance firm Norwich Union is bringing 150 call centre jobs outsourced to its offshore centres in India back home to Britain.

29 January 2007

News/Insurance

Norwich Union introduces 'pay as you drive' car insurance online

Norwich Union says its 'pay as you drive' insurance scheme, which requires a telematics black box to be fitted to the car, is now available to purchase online.

23 January 2007

News/Insurance

More Th>n introduces personalised customer services

More Th>n, the direct financial services arm of UK insurer Royal & SunAlliance, is introducing a personalised call centre service where each customer will be assigned their own service manager.

22 January 2007

News/Insurance

Norwich Union launches 'pay as you drive' insurance scheme

Norwich Union has launched its 'pay as you drive' insurance scheme, which requires a telematics black box to be fitted to the car, to UK motorists.

05 October 2006

News/Insurance

Norwich Union cuts 4000 jobs: outsources 500 IT roles; offshores 1000

Insurance group Aviva is cutting 4000 jobs at its Norwich Union business in the UK by 2008, of which 500 IT roles will be outsourced to third party suppliers and 1000 jobs will be shifted to offshore centres in India.

14 September 2006