Latest Insurance News: Finextra Research

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

News/Insurance

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