Financial – Page 11
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NewsAllianz UK reports discounted COR of 94.6% for 2024’s H1
Amid year-on-year operating profit growth of 55%, chief executive promises ‘much more is yet to come’ from the insurer
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NewsAllianz SE expands share buy-back volume to €1.5bn for 2024
So far in 2024, the insurer has bought 3,791,467 shares through share buy-back schemes
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News AnalysisBriefing: A taxing time for the industry as the government looks to funding conundrum
As the new government looks to raise money, could IPT be a target for increased rates?
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NewsHiscox UK grows ICWP in H1 2024
The ’underlying positive business momentum in the UK is broad based’, says insurer
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NewsMotor premiums fall in Q2 2024 after two years of increases – ABI
’After a very challenging period for insurers and customers alike, we’re encouraged to see an easing of increases,’ says director of general insurance policy
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NewsGlobal insurtech funding surges in Q2 2024 – Gallagher Re
’This year’s emphasis on AI will assist businesses in navigating the challenging process of comprehending the fundamentals of AI,’ says global head of insurtech
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NewsWrisk reports 219% year-on-year growth in H1 2024
’Our figures for 2024 are testament to our ethos of continuous improvement,’ says chief executive
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NewsNew product designed to monitor the cyber MGA market launched
’MGAs have been and are a crucial part of the cyber insurance value chain,’ says chief executive
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IT InterviewGeoff Carter: How scale, strategy and a ‘barbell approach’ to underwriting is keeping Sabre so profitable
’We won’t ever be the biggest, but we do want to be the most profitable,’ says chief executive
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News AnalysisBriefing: The rise of alternative capacity providers certainly benefits MGAs, but where does it leave insurers?
As the prominence of MGAs grows, their potential for strong profitability has caught the eye of alternative capacity providers with designs on entering the ever-desirable insurance market
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NewsSabre posts COR of 83.6% for H1 2024
’We are in a strong position at the halfway point of the year, having written good levels of premium at our target margins across all product line,’ says chief executive
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NewsOndo reports revenue increase and continued UK growth
’Our focus in [financial year 2025] remains top line growth, driving towards cash flow break even by the end of the financial year,’ says chief executive
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NewsZurich invests millions in cyber insurance provider
’We will accelerate our efforts to deliver advanced and efficient cyber insurance solutions,’ says chief executive
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NewsInsurance premiums drop for young drivers
’Whilst there’s no guarantee that these premiums are going to continue to fall, it’s certainly a step in the right direction,’ says chief executive
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NewsAllianz launches new motor proposition for personal lines market
’We’ve developed this with our customers in mind,’ says managing director
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NewsSignificant losses estimated after mass IT outage
’This scale of loss could make the event the largest single insured loss event in the history of the affirmative cyber insurance industry over the past 20 years,’ says firm
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NewsFamily run broker secures increased investment
The broker is aiming to achieve the £25m GWP mark by 2028 following the deal
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NewsVan insurance premium rises starting to slow
Q2 2024 saw the lowest increase across the last five quarters
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NewsSpecialist MGA secures new capacity deal
Underwriting director hopes the deal will help address the ’demand and complexity of waste and recycling service providers’
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NewsPPL improves service during half-year renewals
’We can now turn our attention, as we had hoped to do all along, to building out a wider ecosystem of trading tools,’’ says chief operating officer
