Insurance fraud in the pandemic
Allianz's fraud manager, James Burge, discusses how the Covid-19 pandemic could lead to an uptick in insurance fraud.
Allianz's Neil Clutterbuck responds to the sprinkler review for high rise homes and the Worcester Park fire
Our CUO responds to the Government's recent announcement and the Worcester Park fire
A Q&A with Lottie, George, Beth and Chelsea - Allianz 2019 Summer Interns
Why did you apply for a summer internship?
George: As I entered my second year of university, I realised I would need to start thinking about what I wanted to be doing after graduating. A summer internship seemed like a fantastic opportunity to gain some working experience and get a better understanding of what kind of career I want to go into.
Chelsea: I originally applied for the summer
The New Discount Rate – Bad News All Round
In March, 2017 when the Lord Chancellor, Liz Truss, announced the Ogden Discount Rate used to calculate personal injury claims was to reduce from 2.5% to -0.75%, Allianz joined others within the insurance industry to criticise the move because of its detrimental impact on customers and the NHS.
Celebrating International Women in Engineering Day!
In support of International Women in Engineering Day this Sunday (23 June), Allianz's area technical operations manager, Engineering, Construction & Power, Zoe Martin has shared her account of why she wanted to get into engineering.
Zoe has worked at Allianz for 20 years and is very proud to be in the Engineering team.
"At 18, Engineering wasn’t the obvious area of insurance to go into
Always Leading - BIBA 2019
Allianz's Nick Hobbs discusses the BIBA 2019 theme and the ways in which good brokers are always leading.
Changing landscape of ID theft
Valid motor insurance is proving to be as valuable a disguise for today’s criminals as stockings over the head or a mask. Using a stolen identity to take out cover, their vehicle details are added to the Motor Insurance Database, allowing them to drive around without attracting police attention.
Stealing an individual’s ID and taking out motor insurance in their name used to be the preferred m
BIBA 2018 - plenty of opportunities
We all know that the insurance industry runs on the quality of its relationships and there is no better place to see this in action than a BIBA conference.
SMEs are a key part of the UK's economic landscape, racking up an annual turnover of £1.8 trillion in 2016 (1) and set to contribute more than £217bn to the economy by 2020 (2). But, while an element of risk-taking is essential for some of these small businesses, many are taking chances with their insurance that could prove catastrophic.
The FCA's Thematic Review into the handling of insurance
How do we tackle application fraud?
With fraud adding an estimated £50 to every UK policyholder's insurance bill, preventing it is a key responsibility for insurers. But while the industry has successfully clamped down on many practices, fraudsters are adept at finding new ways to play the system.
The Discount Rate: What next?
On the 27th February, the then Lord Chancellor and Justice Secretary, Elizabeth Truss announced an unexpected change that caused a major shock. With little warning, the Discount Rate used to calculate serious personal injury compensation payments was reduced from 2.5% to minus 0.75%.
Future of broking
Brokers are facing a number of challenges, with everything from regulation and technology disruption through to the unavoidable issue of “demographics” putting the sector’s future at risk.
Given all the challenges, brokers need to build on their existing skills. The hallmarks of successful brokers are about being entrepreneurial, specialist and progressive and putting themselves and their clie