Biba 2022
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News‘Incumbent’ that brokers and insurers work together to combat underinsurance – Allianz
Industry has ‘a huge responsibility’ to mitigate inflation-driven underinsurance and ensure that certain risks do not ‘become uninsurable’, says chief executive
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IT InterviewColm Holmes: Allianz wants ‘to be number one’ in eTrading
The insurer’s chief executive wants ‘to be the best’ at digitally trading with brokers, aiming to have ‘80% of risks priced within an hour and digitally delivered to a broker’
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NewsSimon McGinn: Succeeding in ESG means more than ‘just insuring the vegan cafes in log cabins’
Helping brokers to implement their own sustainable business practices would empower them to advise their clients effectively, said the chief executive
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NewsBrokers set for starring role in future of personal lines
An expert panel at Biba’s 2022 conference discussed the future of personal lines insurance and how brokers can play an important part
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NewsAndrew Marr: ‘Levelling up is not happening’ and risks remain
The broadcaster predicts that the UK government’s levelling up strategy will be the biggest item on its agenda this year
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NewsRegulation becoming ‘almost inevitable’ as cyber threats increase
The cyber threat environment is ’incredibly volatile’, adds chief executive
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NewsAndy Burnham: ‘Managing risk is an ongoing reality for all of us’
The mayor of Greater Manchester believes ’challenging some of the norms in the way that we work’ will help manage risks moving forward
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IT InterviewNick Hobbs: Allianz plans to ‘reorientate’ itself to ‘make new broker friends’
Building connections with ‘more brokers we don’t trade with’ will help fuel ‘intelligent growth’, says chief distribution and regions officer
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NewsAdam Winslow: Managing inflation means separating commercial lines from personal lines
Despite the challenges of inflation, there is an opportunity for both insurers and brokers to do ‘really well’ through better understanding insurer risk appetite, says UKGI boss
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NewsInflationary impacts keeping brokers ‘on their toes’
The ’massive issue’ of underinsurance will also be exacerbated
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NewsRising inflation is of ‘serious political concern’ to insurance sector – Elisha Walia
The insurance sector should not assume that the economic environment is ‘transitory’
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NewsBrokers’ commission must be ‘reflective of the value’ provided to customers, says FCA
The regulator’s executive director of consumers and competition emphasised that brokers must not recommend a product based on their own remuneration, although ‘high prices may sometimes be appropriate’
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AnalysisBriefing: FCA backs Biba on FSCS levy reductions, but admits change ‘will take some time’
Despite some alignment in thinking, Biba’s chair still believes the regulator needs to take ‘a long, hard look at its own responsibilities and approach to our low risk sector’
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NewsSheldon Mills: FCA does not have ‘one-size-fits-all approach to regulation’
Achieving balance between the regulator’s 4,500 staff and the 55,000 firms its regulates is a challenge, notes the executive director
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NewsRegulation in the ‘age of acceleration’ represents a ‘black elephant’ for the sector
Quick-fire technology developments mean the government is at risk of ’regulating the previous innovation, rather than the next’
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NewsIncreased digitalisation is resulting in a damaging ‘digital divide’
Over 23 million customers could be left behind by increased digitalisation, explained a report
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NewsBrokers with purpose and consistency will beat ‘mistrust in the establishment’ – Steve White
Broking firms are facing a ‘difficult operating environment’, yet they must strive to ‘breed trust’, says chief executive
