Financial – Page 23
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IT Awards 2022Insurance Times Awards 2022: Premium Credit wants to create ‘opportunities through convenient payments’
Owen Thomas, chief sales officer at Premium Credit, tells Insurance Times why the firm deserves to win the Business Partner of the Year category at the 2022 Insurance Times Awards
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News AnalysisBriefing: Autumn Statement is not all good news for insurers
Insurers with international operations or that work from the London market may face an uphill struggle when it comes to implementing the government’s new Solvency II requirements
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NewsInsurance M&A hits record but inflation will impact future appetite – FTI Consulting
Year-on-year transaction volumes fell during Q3 this year, says new report
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NewsUK government sets out final reform plan for Solvency II
The chancellor has confirmed that the risk margin for general insurance businesses will be lowered by 30%
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NewsCapacity for MGAs is ‘challenging’ as traditional avenues are ‘being more selective’
Trade association boss says capacity ‘crunch’ descriptor is ‘over the top’ - but ‘challenging’ is a more accurate way to explain the current lay of the land
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News AnalysisBriefing: ‘Inflation is not fundamentally bad for the industry’ despite uptick to 11.1%
But factoring claims inflation into premiums could impact insurers’ profitability in the short term, says head of market intelligence
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NewsNew capital ‘lining up’ to support MGAs – Conning
Private equity investment also continues to be strong, says director of insurance research
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NewsOndo revenue hits £1m for H1 2022
The first set of results for the insurtech as a public company after it filed an IPO earlier in March this year.
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NewsSend closes Series A funding round after £9m raised
The firm intends to accelerate its growth in the UK and US, it said a statement
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NewsBeazley posts GWP of £3.4bn for first nine months of 2022
The specialist insurer’s cyber line also saw GWP growth of 66%
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NewsDirect Line delivers strong growth in commercial lines despite home and motor slump
Penny James, the insurer’s chief exec says inflation is ‘developing in line with expectations’
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NewsDirect Line to launch basic car insurance policy as premiums dip 8.9%
The new product will be launched in Q4
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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
