View more on these topics

Firm bids to build in full online security

The founders of Webline have set up a new business aiming to develop a secure email system for online transactions.

Mailock, established by Webline chairman Paul Holland and the firm’s directors, has the full backing of Webline parent Capita. The software is designed to enable secure, straight-through processing.

Holland says: “We have been looking at various options to build a secure email to replace the post. Despite so much focus on trying to push for electronic business, when it comes to the point at which they receive their new business transaction, it is all done through paper.”

The software is set to be tested in a pilot scheme with several insurance companies.

Holland says: “We have got to find a way of dealing with encryption and authentication of individuals on services. Such a system ensures you target the end-user. Most ID passwords are machine-focused not individual-focused. This is key in cases where other people might end up using your system. There is so much data that needs to be protected.”

Financial Technology Research Centre director Ian McKenna says: “If someone came up with a genuinely secure email system for this industry it would be a godsend.”


Canada Life reduces policy fee

Canada Life Group Insurance has announced its policy fee for business written through the eQuotes module of Class will reduce to £100.Canada Life says following the extension of eQuotes in April 2007, to allow intermediaries to complete the ‘on risk’ process online, this 66 per cent reduction in the policy fee reflects a sharing in […]

Insurers’ flood costs set to reach £2.5bn insurers

Aviva and Zurich look set to be the insurers worst hit by this summer’s floods.After a torrent of claims, Aviva says it is expecting flood claims to cost £340m, split £175m for the June floods and £165m for July.Zurich estimates the June floods cost it £200m and it has not yet issued a forecast for […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm