Thank God for Bank holidays!
Apart from no nasty letters through the door, getting down to my beach and not having to go to work in the City are a small retreat from the hectic world of UK Insurance. Last week was no exception with the attempted takeover of the AVIVA General Insurance Division by the much smaller RSA (those of More >han Fame) for a paltry £5 billion!
According to the UK Insurance News this week the rationale behind this move was that there is a general feeling amongst the Insurance Illuminati that Composite Insurance companies are a thing of the past and Insurance companies should be broken up into specialist areas.
In politics they call this decentralisation. In IT it’s called distributed processing.
Whenever we get a Government in the UK that swings to the right you will get calls for decentralised power and this time it appears the doom mongerers are spreading their ill informed zeitgeist amongst the Insurance movers and shakers!
Fortunately the predominantly life insurance company AVIVA managed to laugh this takeover attempt off this time!
But those who work for AVIVA should well remember that their company only came into being after a much smaller fish Norwich Union managed to lynch control from the much larger CGU (Commercial Union & General Accident)!
Insurance blogger did have one good day last week! The young lads in the office thought it would be funny if an old codger like me got given the latest assignment - an article on Mobile Phone Insurance! More specifically to report on how easy it is to buy Car Insurance on the Internet….On a mobile phone!!
Ha Ha! They knew I don’t even own one! Still I got the last laugh because I went on-line and managed to get the new Nokia 6700 Silver Slide – the 3G social networking one that’s been on the telly a lot recently- for FREE from Vodafone. So I’m now the envy of all the techno geeks in our office! Ha Ha!
As for buying car insurance on your mobile phone……I don’t want to spoil the report which goes out soon, but I’ll tell you this………It’s very easy when you type the numbers in and speak to someone!
Source: www.insuranceblog.co.uk
