Financial / Results – Page 38
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News AnalysisBriefing: London’s Islamic aspirations move closer with MOU
London is looking to Indonesia to help create opportunities around Islamic insurance and diversity
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NewsPet underwriter secures £15m funding boost
The firm’s founders hope that the extra capital will help them develop a ‘one-stop, holistic service’
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NewsTravel, home and pet policyholders ‘forced’ to cancel cover – GlobalData
The ‘squeeze on living standards’ in the UK is causing consumers to change their spending habits, says insurance analyst
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NewsSMEs to raise prices for customers as costs rise – Premium Credit
New research found that around two fifths of respondents did not know how to address rising energy prices
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News AnalysisIn Focus: MGAs are undoubtedly ‘the sexy side of insurance’ - but what is driving their increasing relevance?
The advantages that MGAs can provide to the insurance sector in a rapidly changing world could help the industry stay relevant
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NewsOver one million households plan not to renew buildings and contents cover – Go.Compare
Those aged between 18 and 24 are feeling the pinch of the cost of living crisis most, found the price comparison site’s research
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NewsInsurers may be ‘forced to scale back services’ as BoE hikes interest rates
Warnings of a long recession also sent the pound into a downward spiral, further piling pressure on insurer’s finances
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NewsAxa UK and Ireland’s revenue increases by 5% across first nine months of 2022
The business’ personal non-motor P&C line dropped in total income, however
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News AnalysisBriefing: Not enough female founders and chief executives in insurtech
The insurance industry has a long way to go to improve the lack of females in insurtech c-suite and technology roles
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News AnalysisWill appetite for UK broker schemes dwindle amid ‘stark drop’ in possible commission earnings?
One line of business presents a silver lining, however, reporting a 10% growth in brokers’ commission earnings as a percentage of premium between April and October 2022
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NewsHiscox UK’s latest trading statement reveals 4% growth in GWP
The insurer’s GWP took a hit in US Dollars, however, due to a sharp depreciation of the British Pound
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News AnalysisThe Big Question November 2022: How can brokers navigate cost of living client conversations amid insurers’ inflation hit rates?
Insurers are having to increase rates as a result of inflation, but end customers may struggle to pay these prices due to the cost of living crisis. Insurance Times asks industry leaders how brokers can navigate these conversations
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NewsCover Genius secures £61m in latest funding round
The funding will help the insurtech boost its business growth and expand its XCover distribution platform, it says
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News AnalysisMGA financials under the spotlight
Insurance DataLab reveals the preliminary findings of its 2022 MGA performance report exclusively in Insurance Times, rating the performance of MGAs based on their financial performance
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NewsBroker CEO Forum: ‘Difficult to manage’ economic turmoil will last until 2024 – RSM
However, opportunities exist for the insurance sector during difficult times, says economist
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NewsGallagher reports rise in Q3 2022 net earnings
The firm’s total revenue saw a slight drop, despite increases for its risk management and brokerage segments
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News AnalysisIn Focus: How can MGAs entice insurers to provide capacity amid challenging market conditions?
Three industry experts discuss how MGAs can make themselves as attractive as possible to capacity providers amid hard market indicators
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NewsReliance on credit to buy insurance rises as price pressures squeeze – Premium Credit
Buildings and contents insurance are mainly being dropped by those seeking savings
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News AnalysisBriefing: What do PE firms look for when investing in brokers?
M&A has been an important driver of growth for broking firms, as Broker CEO Forum attendees describe organic growth as ‘the Achilles heel of the industry’
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NewsQ3 2022 most expensive quarter for motor premiums – Confused.com
The increase in premium prices is a result of insurers battling a ‘bitter cocktail of rising cost pressures’
