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  • Viva Aviva - Norwich Union brand disappears for good

    Norwich Union has today been replaced by its parent company, Aviva. The change follows an extensive, high-profile advertising campaign by Aviva raising awareness of the transition.

    The plan to drop the Norwich Union name, which first appeared in 1797, developed as the Aviva group looked to create a common global identity. Aviva has released a statement outlining its motivations for the change:

    “For Norwich Union customers, becoming Aviva is not just about a name change, it is also about being part of a company which is transforming itself to meet the needs of its customers.

    “As part of a global company, Aviva customers in the UK will benefit from the group's experience and expertise around the world, bringing improved products and services in the future."

    The switch to Aviva has seen amendments made to 10,000 legal documents, letters and leaflets. The company website has also had a makeover, and branded office signs, stationery, and many other items have been modified. Aviva Chief Executive, Andrew Moss, commented on the move:

    “Aviva's trusted brand is one of our most valuable assets, particularly in the current economic environment when customers are looking for solid financial companies to save and invest with. 

    “Now is the right time to invest in our brand so that it adequately reflects the improvements we’re making in the service we give to our customer.”

    01/06/2009 11:59:00 Category

  • New Online Insurance Product – xbroker Hauliers Insurance

    Xbroker is pleased to announce the addition of the new improved, comprehensive Hauliers Insurance policy which is now available for quotation online. 

    Underwritten by AXA, xbroker Hauliers Insurance is a competitive policy that we hope will prove highly beneficial to your business.
     

    Key Features of xbroker Hauliers Insurance include:

    • Up to £250,000 CMR Cover
    • Goods In Transit sums insured available up to £75,000
    • Optional Public Liability and Employers Liability cover
    • Legal Costs cover included as standard
    • In-house policy issue
    28/04/2009 14:11:00 Category

  • Groupama invest in new software to counter insurance fraud

    Insurance giant Groupama have revealed details of a new software called ‘Hunter’, which they hope will assist them in combating fraudulent activity in the future.

    It is reported that Groupama will use the new software for all of their motor and fleet insurance applications, before eventually making the product available to household and commercial insurance firms. 

    Hunter will operate as a kind of database, relying on data submitted by other insurers and financial institutions to maintain an up-to-date record of suspicious behaviour. The software could be of major benefit to many UK businesses, as it flags such information instantly and allows the company to reject policy arrangements before any fraud has been committed.

    Stephen Teeling, counter-fraud manager for Groupama, has stated his belief that the software brings with it other benefits as well, saying:

    “The ‘front end’ solution offered by Hunter is key to reducing incidences of fraud and managing the costs associated with combating fraudulent activity. It also ensures the claims service we provide to genuine policyholders is as expedient as possible. The principle of data sharing to help fight the battle against fraud is one Groupama supports wholeheartedly.”

    10/03/2009 15:52:00 Category

  • The Equality Bill could mean higher premiums and lower choice for consumers, warns the ABI

    The Association of British Insurers (ABI) has released a report examining the implications of the soon-to-be-introduced Equality Bill. They have underlined their belief that the Bill, designed to ensure that age discrimination does not take place in the supply of goods and services, could result in a sharp rise in insurance premiums for millions of consumers.

    If the insurance industry is included in the Bill, it could prevent companies from factoring in age when calculating their customers’ policies. Speaking to the Independent, Malcolm Tarling, spokesman for the ABI, stated his belief that age remains a reasonable part of risk calculation: 

    "The simple truth is that age is an important factor. Take travel insurance for instance - the cost of a claim made by someone over 65 is three and half times more than one made by a younger person. As for motor insurance, claims made by 80-year-olds are nearly 50 per cent more expensive than those made by someone aged 60. It is only fair that premiums reflect this extra risk.”

    Tarling has also explained the possible consequences of the Government placing such a restriction on the insurance industry. “The danger is if we can't use age as a rating factor, insurers will have to raise premiums across the board for all age ranges,” he said. "We are not against equality legislation, but the Government has to think carefully about how it plays this. This is well intentioned legislation which could have unintentional consequences."

    02/03/2009 11:47:00 Category

  • Changes to Employers Liability Regulations

    New regulations which became effective from 1 October 2008, waive the requirement for employers to retain an Employer’s Liability certificate of insurance for 40 years. 

    However, bearing in mind the importance of being able to identify the insurer for your statutory liabilities for each period of insurance, it is strongly recommended that you continue to retain adequate records to evidence that insurance is in place as long as potential liability exists. 

    In addition, the new regulations now allow the certificate to be displayed in electronic format, for example on the intranet, subject to this providing reasonable access for all employees.
    16/02/2009 14:29:45 Category
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