Financial / Results – Page 78
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Online onlyFCA warns on premium financing in pricing crackdown proposals
Regulator is concerned that customers may not be treated fairly on premium financing and warns providers could be in breach of law
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NewsInsurance firms will be forced to end price walking as FCA reveals rip-off remedies
Firms have until January to feedback on the FCA’s final proposals for ending ‘opaque’ pricing practices
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NewsData subject insurance claims are ‘sting in the tail’ for corporate cyber breach victims
Law firm partner describes data subject claims as ‘effectively becoming the new PPI’ as practice reports activity uptick
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NewsNew funding for Brit’s digital syndicate Ki adds ‘firepower’ to expansion plans
Ki plans to ‘rapidly scale the business’ as it gears up to launch later this year
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News AnalysisBriefing: Lloyd’s results revealed a big Covid-19 hit, but under the surface things may be looking healthier for the market
The Covid-19 pandemic forced Lloyd’s half-year COR up to a highly unprofitable 110.4%, but underneath, a disciplined approach to underwriting could be setting them up for a return to profit in 2021 By insight editor Matt Scott
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Online onlyTroubled Saga fights to turn the tide
Saga has a mountain of debt. It’s cruise and travel revenue has been choked off by Covid. Then it rejected a bid led by ex-Aviva boss Mark Wilson, instead opting for a share placing raise led by former chairman Roger De Haan. Will it be enough to steer the firm ...
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FeaturesDelegated authority agreements: What are the red flags and long-term fixes?
Delegated authority agreements have become a staple for many insurers. Insurance Times takes a look at the pitfalls to be wary of, the questions insurers should be asking and how to ensure these arrangements are successful
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NewsLloyd’s of London expecting to pay out £5bn in claims, despite reporting stronger solvency position
Lloyd’s of London announces its half year results for 2020, but says its in a ’strong solvency position’ despite Covid-19 claims and ongoing pandemic
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News AnalysisVulnerable customers on the rise post-Covid-19, but insurers and brokers can help with better credit options
New research from Consumer Intelligence, published exclusively by Insurance Times, reveals how vulnerable customers are being affected by the pandemic, as well as why this represents an opportunity for brokers and insurers to boost their brand’s reputation and their underlying business performance by offering better credit options for paying by ...
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NewsCarrot Insurance urges government to incentivise young drivers’ telematics usage by removing IPT
Responding to the House of Commons’ Transport Select Committee’s inquiry into the reasons why young drivers are at a higher risk of being involved in road traffic collisions, the black box insurer believes all 17 to 22-year-olds should have a telematics policy for a year after they pass their driving ...
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NewsTechnology & Innovation Awards finalist 2020 Q&A: Avantia tool delivers 40% rate of interest return
There is just ten days to go until the winners for Insurance Times’s Tech & Innovation Awards 2020 will be revealed at a virtual ceremony on 17 September
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News Analysis‘Keen to make acquisitions’ – Gallagher chiefs discuss M&A strategy
Gallagher has a strong balance sheet and a track record of buying UK brokers. Gallagher UK underwriting and broking boss, and M&A head Olly Homer, discuss acquisitions. The duo insist a strong cultural fit is paramount in making a deal.
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NewsArron Banks hunting down Noel Edmonds over alleged £1.3m insurance debt
Banks has hired private investigators to track down the former Deal or No Deal host as he apparently owes Banks £1.3m
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NewsCoronavirus lockdown causes 0.3% decline in home insurance premiums
However, average premiums for this line of business has increased by 3% over the last 12 months
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NewsMunich Re-backed insurtech raises extra £1.6m for growth in new markets
With its second fund raise this year, Urban Jungle is not showing any signs of slowing down, even though the Covid-19 pandemic is a financial obstacle for most of the sector
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NewsInsurance broker accused of ‘forgery’ to win commission
Although an official figure for the commission is unknown it has been estimated at £1.5m
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Online onlyEx-Aviva boss and major reinsurer in dramatic Saga takeover
Ex-Aviva boss put together a 33p-a-share offer for the troubled firm
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News AnalysisBriefing: Why insurance is key to economic recovery post-Covid-19
Businesses have been hit hard by the pandemic, but support from insurance could help drive innovation and ignite economic growth By Matt Scott, insight editor at Insurance Times
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FeaturesHow data is transforming home insurance for a Covid-19 world
New data sources and data enrichment is helping the home insurance market become fit for purpose amid a Covid-19 landscape, where the home is so much more than a place to lay your head
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News AnalysisAon and Willis Towers Watson merger seals shareholder approval
Shareholders have voted in favour of the merger between Aon and Willis Towers Watson
