Financial – Page 12
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News
QBE raises the curtain on new cyber product
Group chief executive says ‘strategic investments’ in cyber has ‘strengthened’ the firm’s ability to ‘shield’ its clients
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News
Kwik Fit to offer motor insurance through its website
’We have worked to make the process of getting a quote and confirming cover via our website as simple as possible,’ says marketing director
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Motor insurers record major losses in 2023 – but profitability expected to return
’High inflation and rising costs have resulted in an extremely difficult couple of years for the UK motor insurance sector,’ says UK insurance partner
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News
Plea issued to brokers as underinsurance becomes ‘increasing problem’
In the HNW sector, more clients reduced their insurance cover during the past year, figures show
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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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The top MGA in UKGI revealed
’The average rating continues to improve, which is testament to a commitment to efficiency and continued investment in technology,’ says co-founder
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News Analysis
MGA market continues to grow – but which are the best performing firms?
Insurance DataLab reveals which UK-based MGAs are ‘setting themselves up for a bright future’ with robust financial results
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News
DLG to exit or stop investing in range of personal lines sectors
’The strategy and targets set out today signal our ambition and intention to grow our business and deliver strong returns,’ says chief executive
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DLG to launch signature brand on price comparison websites
Chief executive hopes the move will ’shake up the motor insurance market’
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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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Premium increases needed to curb insurers’ crimping returns – BI
Insurers’ battles against inflation, high costs and premium rates will be a key theme in 2024, according to the firm
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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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News
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
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News Analysis
Does premium finance need fixing?
Are premium finance products fighting underinsurance or providing ‘pain’ for ‘customers who are the least financially resilient’? Insurance Times takes a closer look…
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News
Supercede completes $15m funding round to further develop platform
’We are not just building a company – we are shaping the future of reinsurance,’ says chief executive
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UK premium hikes surge past Europe to ‘indicate a crisis’ – Bloomberg Intelligence
’Europe-wide price increases have diverged,’ says senior insurance industry analyst
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Global cyber insurance market predicted to reach £23bn GWP by 2027 – Morningstar DBRS
Credit ratings agency predicts that ‘technological advancements, changes in the regulatory landscape and the advent of innovative insurance products will shape the trajectory of the cyber insurance market’
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News Analysis
In Focus: Industry responds to Labour’s promises on car insurance
As the Labour party vows to tackle ’out of control’ premiums, industry experts respond to politicians’ pledges