Commercial Lines
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SMEs spending thousands on outsourced cyber security costs
’The biggest problem that brokers face when it comes to selling cyber insurance is price,’ says head
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Allianz updates wordings and limits of motor trade products
’These changes demonstrate our commitment to providing tailored and relevant protection,’ says head
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Watch: Navigating Excellence – A deep dive into the 2024 eTrading Report results
In the discussion, the expert panel examined what makes for excellent eTrading performance – what works best, how to create eTrading excellence, the things brokers are looking for and more.
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UK insurer tops global cyber GWP rankings
’The trend towards fragmentation is likely to continue in 2024 as cyber business expands more rapidly outside of the US,’ says market analysis firm
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Recorder aims to give brokers ‘competitive edge’ with AI platform
Brokers should not restrict themselves to collaborating with just one tech provider – insurtech chief commercial officer says its ability to ‘play nicely’ with other software firms can benefit brokers
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Class action lawsuit launched over ‘national scandal’ of hidden insurance commissions for leasehold buildings
’The plight of leaseholders and their unconscionable and unlawful treatment by some freeholders is nothing short of a national scandal,’ says leading solicitor
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Pancentric Digital initiative to boost MGA digital transformation
’It’s not about eliminating spreadsheets but rather working with familiar tools to facilitate ease of use,’ says founder and director
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Renewable Risk Advisers announces client and broking director appointment
’She will be an enormous asset to us with the ever-growing pipeline of insurance business we have lined up,’ says founding director
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Aviva enhances broker service as exposure management capabilities expanded
’The use of new technology has transformed our exposure management capabilities,’ says chief underwriting officer
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Broker and underwriter footfall at Lloyd’s rises after underwriting room revamp
’What underpins the recent transformation of the underwriting room [is] a thoughtful integration of old and new to blend digital transactions with human interactions,’ says Lloyd’s
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Insurance Times wins Story of the Year at Biba’s Journalist and Media Awards: Read it here
The story covered the UK government’s indication that it would to ban managing agents and freeholders from taking commissions when arranging buildings insurance
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New broker launches in UK
It aims to serve the local business community and clients across the UK
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Backchat: July/August 2024
A 30th anniversary, a new podcast and a policy that covers pints during Euro 2024. What has the insurance industry been up to of late? You heard it here first…
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MGA launches commercial product with Axa backing
’We’re thankful to Axa for demonstrating their confidence in our algorithmic framework,’ says co-founder
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Insurer trust gap widens amid brokers doing more to build consumer loyalty
’Consumers rated brokers’ performance as better than any other for buying insurance,’ says group policy and public affairs director
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Generative AI not a ‘black box’ solution – First Central
’It can do something as simple as algorithmic [underwriting], but it doesn’t reduce that complexity of risks,’ says data analytics lead
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Construction sector borrows most to fund insurance
’Insurance is vital for business operations across a wide range of sectors,’ says chief commercial officer
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Broker network launches trade credit practice
’Our latest dedicated knowledge hub will share the immense wealth of specialist knowledge we have across our broking community,’ says chairman
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SRG makes acquisition as it continues build out of MGA
’Joining SRG marks a significant milestone,’ says managing director
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Gallagher inks deal to provide more insurance services to SMEs
’This partnership will mean that SMEs have direct access to the products that appropriately suit their individual circumstances,’ says head