Financial / Results – Page 28
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News AnalysisLight at the end of the tunnel despite ‘muted’ insurtech series A funding for Q2
The insurtech sector is going through a ‘correction process,’ says Gallagher Re’s global head of insurtech
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NewsQBE International improves COR and grows GWP by 18%
However, the QBE Insurance Group as a whole saw its COR increase by nearly four percentage points
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NewsUK insurance sector bleeds more than £200bn yearly due to lost billable hours
’The lack of sufficient time recording, management and billing of hours worked by staff in insurance firms is having a large impact,’ says vice president
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NewsAverage price of motor premiums hit record high as cost of vehicle repairs surge
’These continue to be tough times for many motorists and motor insurers alike,’ says director
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News AnalysisBriefing: ‘Above average’ natural catastrophe losses for reinsurers should be a call to action for insurers
A trend of higher than average natural catastrophe losses has continued for the first half of 2023, according to global reinsurers
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NewsZurich’s EMEA P&C business reports profit slump during H1 2023
Zurich says it will continue ’to maintain a cautious approach to reserving to minimise volatility’
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NewsAllianz Holdings reports UK revenue growth despite slight COR rise
’We’ve continued to see stubbornly high inflation,’ says chief executive
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NewsCopart UK announces expansion to meet insurer demands
’We’re very excited to announce our plans to develop a new operation centre,’ says chief executive
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NewsHiscox grows UK business as COR improves across London market and retail divisions
’I am pleased with the progress we have made this year in maximising the strength of our portfolio of businesses,’ says chief executive
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NewsHowden launches blended insurance product amid rising cyber attacks
’The product will help clients navigate this difficult environment,’ says managing director
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NewsSMEs cancelling at least one policy as more than half rely on credit to fund cover
‘Insurance is vital for business operations,’ says chief sales officer
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NewsLloyd’s of London improves underwriting profit despite jump in claims
’It is great to see the Lloyd’s market continuing to improve its underwriting profitability,’ says co-founder
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IT InterviewJaime Swindle Q&A: ‘Service has become an industry wide challenge’
’Our understanding is that MGAs have fared better with service, but we cannot become complacent,’ says chief executive
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NewsRSA reports £9m loss in H1 2023
It came after RSA announced its exit from the UK personal lines motor insurance market
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NewsBuberl responds to Axa XL Re sale speculation
’We have certainly reduced our exposure to natural catastrophes,’ says chief executive
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NewsInsurtech funding falls for Q2 2023 – Gallagher Re
’Insurtech now in a secondary phase’ focusing on the ’how’ rather than the ’what’ says reinsurance broker’s global head of insurtech
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NewsThe Clear Group boosts revenue and ebitda in 2022 after acquisition spree
’2022 marked an exceptional year for the Clear Group,’ says chief executive
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NewsFormer Hastings chairman leads £2.7m fundraise for Percayso Inform
’We believe that Percayso Inform will play a key role in helping insurance providers of all shapes and sizes,’ says managing director
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NewsBeazley boosts H1 2023 GWP following growth in cyber and property
’The excellent conditions in the property market persisted into the second quarter,’ says chief executive
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News AnalysisBriefing: Dominoes tottering as falling motor market margins cause exits
With a slew of recent reassessments of involvement in the motor insurance market, what can we expect going forward?
