Financial – Page 27
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NewsSabre profits drop in H1 2023 despite rise in GWP
Chief executive says results are ’in line with our expectations and support our full year projection’
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NewsAviva increases GWP by 12% for H1 2023
Aviva grew UK premiums 11% in commercial lines, which it put down to ’strong rate and new business growth in mid-market and specialty lines’
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NewsAdmiral Group posts small COR rise amid ‘persistent high inflation’
However, the group improved its turnover and insurance revenue despite ’a challenging market’, says chief executive
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IT InterviewSteve Cowman Q&A: ‘Market competition a significant challenge’
’With the insurance landscape evolving rapidly, MGAs must differentiate themselves,’ says managing director
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NewsAllianz ‘very much committed’ to personal lines motor broker channel despite ‘volatility’ – Colm Holmes
Allianz saw ‘inflation running at 11% in personal lines motor’ for the first half of 2023, says chief executive
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NewsKingfisher Insurance’s classic car brand launches scheme for VW enthusiasts
Partnerships director says scheme will ’best suits their needs and protects these popular cars on our roads for generations to come’
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News AnalysisLight at the end of the tunnel despite ‘muted’ insurtech series A funding for Q2
The insurtech sector is going through a ‘correction process,’ says Gallagher Re’s global head of insurtech
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NewsQBE International improves COR and grows GWP by 18%
However, the QBE Insurance Group as a whole saw its COR increase by nearly four percentage points
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NewsUK insurance sector bleeds more than £200bn yearly due to lost billable hours
’The lack of sufficient time recording, management and billing of hours worked by staff in insurance firms is having a large impact,’ says vice president
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NewsAverage price of motor premiums hit record high as cost of vehicle repairs surge
’These continue to be tough times for many motorists and motor insurers alike,’ says director
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NewsZurich’s EMEA P&C business reports profit slump during H1 2023
Zurich says it will continue ’to maintain a cautious approach to reserving to minimise volatility’
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NewsAllianz Holdings reports UK revenue growth despite slight COR rise
’We’ve continued to see stubbornly high inflation,’ says chief executive
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NewsCopart UK announces expansion to meet insurer demands
’We’re very excited to announce our plans to develop a new operation centre,’ says chief executive
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NewsHiscox grows UK business as COR improves across London market and retail divisions
’I am pleased with the progress we have made this year in maximising the strength of our portfolio of businesses,’ says chief executive
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NewsHowden launches blended insurance product amid rising cyber attacks
’The product will help clients navigate this difficult environment,’ says managing director
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NewsSMEs cancelling at least one policy as more than half rely on credit to fund cover
‘Insurance is vital for business operations,’ says chief sales officer
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IT InterviewJaime Swindle Q&A: ‘Service has become an industry wide challenge’
’Our understanding is that MGAs have fared better with service, but we cannot become complacent,’ says chief executive
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NewsRSA reports £9m loss in H1 2023
It came after RSA announced its exit from the UK personal lines motor insurance market
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NewsBuberl responds to Axa XL Re sale speculation
’We have certainly reduced our exposure to natural catastrophes,’ says chief executive
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NewsInsurtech funding falls for Q2 2023 – Gallagher Re
’Insurtech now in a secondary phase’ focusing on the ’how’ rather than the ’what’ says reinsurance broker’s global head of insurtech
