Financial – Page 33
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NewsLloyd’s set to improve COR despite expected investment loss in 2022
The marketplace’s underwriting performance from 2022 is ‘as good as Lloyd’s has reported in recent memory’, its chief executive said.
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NewsAdmiral Group posts COR of 101.7% for 2022
The insurer’s group chief executive says she is ’proud of the agility and adaptability that Admiral demonstrated’ in 2022
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NewsHiscox looks for positives in profit slump as investments take a hit
‘We delivered the strongest underwriting result in seven years,’ says group chief executive
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News AnalysisMGAs have a bright future in UKGI
Insurance DataLab pulls apart findings from Insurance Times’ Five Star Rating Report: MGA market 2022/23 and its own MGA performance report to uncover why MGAs are seeing so much success with brokers
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NewsBrokerFest 2023: The peaks and troughs of insurtech investment
Quarterly insurtech funding fell to a record low in Q4 2022. The landscape for startups, however, is not so dull
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NewsBrokerFest 2023: Clarity and focus key to navigating economic headwinds
Those firms without a clear purpose will find the market ‘a harder place’, says partner
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NewsBrokerFest 2023: Cost of living crisis boosts premium finance popularity
Brokers must provide clients with ‘every available option’ to pay for premiums, says senior account manager
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NewsAxa reports 4% hike in earnings
Gross revenues also rose by 7% across the group, said a statement
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News AnalysisTrillion wide trade finance gap causes ‘challenging environment’ for insurers and SMEs
To address this, trade finance firms and trade credit insurers will need to act together
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NewsABI urges industry to seize opportunities from current challenges in new strategy
The trade association believes the insurance ‘sector has a huge opportunity to work together to drive change’
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NewsInsurance salaries struggling to keep up with inflation
Insurance risk manager salaries were up in London, while claims managers’ average salaries fell
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NewsTiming of car insurance renewal alters premium costs ‘significantly’ – Forbes Advisor
Changes in costs can be due to issues of timing or risk, says motor insurance spokesperson
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NewsBrokerFest 2023: The Clear Group, KPMG and Consumer Intelligence to discuss navigating macroeconomic trends at one-day event
Expert panel will talk through the implications on the insurance sector of the cost of living crisis, inflation, Consumer Duty and building resilience in closing keynote
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NewsAllianz Holdings posts UK COR of 99.2% for 2022
Combined revenue for the insurer’s UK businesses reached £5.6bn in 2022, its financial results showed
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NewsBrokers boost small business lending to £45bn in 2022 – NACFB
The insurance cohort has ‘firmly stepped’ into the role of a ‘modern day bank manager’, says association chair
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NewsUK underinsurance crisis evident in 2022 - BCH
Buildings insurance valuation services company finds that for 75% of the instructions it received last year, the property in question was underinsured
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News AnalysisBriefing: Is Ardonagh planning divestment following internal restructure?
The intermediary has stoked the industry’s gossip mill with its recent MGA restructure and noise about what the changes mean is now deafening
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NewsMovo accomplishes 70% GWP growth in 2022
The broker network has set eyes on increasing its books by an additional 30% this year
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NewsZurich UK’s P&C business posts COR of 95.5% for 2022
This figure represents a ‘robust performance given market conditions’, says the insurer
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News AnalysisBriefing: Insurers debating ‘if they want to play’ in cyber market despite ‘huge protection gap’
With cyber cover premiums ‘up almost 200%’ in aggregate, cyber insurance could be a profitable area for insurers willing to dip their toes into constantly choppy and changing waters
