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"Groupama Insurances recorded a 6% rise in revenues for 2008, to £432.6 million.
The company reported that the rating environment across personal lines had hardened during the year, with personal motor accounts rising consistently.
The insurer also saw strong results from its home insurance and niche accounts so that altogether, personal lines revenues rose to £225.2 million, [...]" (2009-2-20)
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"Home insurance underwriting agency, Plum Underwriting, has launched Plum Elite, a new product for the mid net worth (MNW) home insurance market.
The move has been accompanied by a re-launch of the firm’s non-standard household product, Plum Flex.
Both Elite and Flex are underwritten at Lloyd’s by Beazley Group and are available to new and existing [...]" (2009-2-19)
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"Car insurance premiums fell during the last six months of 2008, according to research by Sainsbury’s Financial Services.
The insurer calculates that the average premium for December stood at £498.22 a drop of 3.1% on June of last year, when motorists paid an average £514.16.
However, Sainsbury’s warns that premiums could soon be on the rise [...]" (2009-2-19)
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"A new company has been formed to provide a subscription service on European catastrophe insurance data.
Perils AG is a Zurich-based business that will aggregate industry-wide data from European-based insurers and catalogue it by risk type and CRESTA zones (the defined European geographical zones for natural catastrophe insurance).
Founding shareholders include: Allianz, AXA, Groupama, Guy Carpenter, Munich [...]" (2009-2-18)
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"Even as the economy weakened, customer satisfaction with the property/casualty insurance industry remained high in the fourth quarter of 2008, improving over 2007 levels. The latest University of Michigan American Customer Satisfaction Index reveals that the p/c sector saw a 1.3 percent gain to record a score of 81 in Q4 2008. In the aggregate, [...]" (2009-2-17)
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"Insurance Services Office (ISO) has launched a Personal Injury Claims Assessment Service (PICAS), which has the capacity to entirely digitise the personal injury claims process.
According to the risk data provider, benefits of the new system include speedier contacts between lawyers and insurers and fairer settlements.
Parties can then process claims using an integrated system that allows [...]" (2009-2-17)
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"Lloyd’s has appointed Bin Yang as chief representative in its Beijing representative office.
Ms Yang has over 15 years experience in insurance and reinsurance, most recently as vice president of client markets at Swiss Re’s Beijing office. She has extensive contacts in the Chinese insurance market.
Jose Ribeiro, Lloyd’s director of international markets, said: “I am [...]" (2009-2-17)
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