Claims – Page 113
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NewsCould Hastings’ long-term battle plan see fortunes turned this year?
Short-term pain for the insurer could end up in long-term gain if its strategies pay off
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FeaturesThe Briefing – MGA markets: Should MGAs carry their own risks?
Are boundaries blurring as increasing numbers of MGAs seek to hold their own risk? Insurance Times asks the experts whether MGAs are stepping on insurers’ toes…
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NewsKennedys launches tool aimed at allowing insurance clients to self-serve claims
The new platform could save insurers and brokers time and money when getting legal advice as well as recovering written-off costs and helping underwrite future risk
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NewsLexisNexis Risk Solutions launches test phase of new Vehicle Build data set
The product supports underwriting by informing insurers on vehicles’ in-car safety features
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NewsERS offers safe haven for brokers amid MGA exits
The specialist motor insurer aims to capitalise on market withdrawals by some of its competitors
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FeaturesThe Briefing: MGA market – MGAs are a ‘powerful weapon for brokers’
Insurance Times speaks to Manchester Underwriting Management about current trends within the MGA market as well as the all-important broker-MGA relationship
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NewsOpen Insurance – the initiative that could change the market
In an industry with so many players, open insurance could make data sharing slicker and improve customer retention by increasing trust, but some fear it could be a direct threat to brokers
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NewsInsurance sector begs MIB not to waste LiP portal deadline extension
The industry fears that amendments to the LiP portal are at the cost of consumer detriment
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News AnalysisHastings turns to pricing strategies as it seeks more profitable 2020
Earlier today the group revealed its full year financial results that saw claims inflation impact its loss ratio but customer retention was positive
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FeaturesRSA chief executive: UK and European business needs to ‘pull its weight’
The insurer’s chief executive confirmed that these regions have returned to profit at the end of 2019
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NewsTractable raises $25m with view to expand AI proposition worldwide
This brings the insurtechs funding total to $55m
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NewsInsurtech Aventus secures £2.6m investment round
The seven-month old business plans to expand its people development
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NewsArron Banks reportedly among 1,600 hit by FCA data breach
The results of a freedom of information request was exposed
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NewsMGAs in line for Lloyd’s syndicate-in-a-box bids
Higher than expected number of bids to launch syndicates, Lloyd’s chief said
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NewsDirect Line axing 800 jobs amid digital transformation drive
The main losses will be from its Ipswich office which is closing in 2022
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NewsZego triples staff headcount in 12 months amid recruitment drive
It hopes to double its staff number again this year, it follows Nick Pester joining the insurtech
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NewsTwo-fifths would switch to telematics-based motor policy to save 30% on premiums
Data company reveals that uptake of telematics could flourish if premium discounts are evidenced
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NewsCompare the Market owner leads funding round for insurtech Digital Risks
The funding has been raised to develop the insurtech’s technology and drive its expansion
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FeaturesReal-time data set to inform menuisation-based products, but can this deliver premium savings?
The use of real-time data and the potential menuisation of insurance premiums is on the horizon, however is this an industry asset or a gimmick?
