Financial – Page 35
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NewsCost of living crisis causes 43% of insurance customers to cancel policies when seeking to cut cover costs
Head of consumer strategy queries whether the industry is doing enough ‘to be the safety net that newly financially vulnerable customers really need’
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News AnalysisIn Focus: Is high net worth cover ‘too generous’ for clients?
Broker leader reveals potential ‘recipe for disaster’ from having ‘underpriced’ premiums and ‘too good’ cover in the HNW market
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News AnalysisBriefing: Emerging risk must be the responsibility of all
Insurance sector must ‘stay curious and think ahead’ to cope with emerging risks, rather than simply passing the buck to other industries
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NewsOpportunity for legacy firms to ‘up their game’ as consumers seek stability – Solaris
Embedded insurance is one way to meet this demand, although it comes with challenges
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NewsStephen Kennedy: Firms ‘won’t be bored in 2023’ with general insurance pricing
Pearson Ham’s director of insurance pricing states that a ‘fine balance needs to be struck between inflation, competition, demand and growth’
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NewsDirect Line navigating further motor claims inflation
The insurer noted that claims inflation remains a feature of the market
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NewsDirect Line predicts home and commercial lines claims of £90m
The insurer has scrapped its final dividend for 2022 but has assured shareholders of its intention to restore balance sheet resilience
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NewsFCA proposes updated guidance to support insurance customers in financial difficulty
The regulator is aiming to solidify its stated support for consumers struggling with the cost of living crisis, says executive director for consumers and competition
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News AnalysisCost of fraud set to ‘snowball’ in 2023
Counter fraud experts say that the continuing cost of living crisis and economic turmoil in the UK will increase the danger of opportunistic fraud
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News AnalysisBriefing: Risk landscape reveals that industry still faces new year uncertainty
This month is pivotal for the insurance sector, however many questions remain
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News AnalysisBriefing: Looming recession spells further bad news for insurers
A swirling storm of tough economic issues promise to create a difficult start to the year
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News AnalysisBriefing: No new year joy for insurers as reinsurance renewals deliver little comfort
Predictions of a decline in the market’s reinsurance capability seem to have been well founded, says broker chief executive
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NewsCompass partners with premium finance provider
Network boss believes brokers must ‘be prepared against the unexpected’, with one possible solution being the provision of ‘more flexible payment options’ for clients
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NewsInflation tops concerns for insurance sector in 2023 – GlobalData
Over a third of insurance industry respondents to firm’s poll cited inflation as the standout challenge ahead of other issues such as digitalisation, climate change, regulation, Covid-19, cybercrime and geopolitics
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News AnalysisOpinion: Industry will need to continue to knuckle down in 2023
Editor Katie Scott summarises some of the year’s key challenges and what the industry may expect come 2023
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NewsMore than 40% of SMEs saw insurance premiums rise in last year – Premium Credit
Rising insurance premiums also influenced 9% of respondents to reduce the level of cover on their policy
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News AnalysisBriefing: Underinsured or underinformed?
Increasing numbers of business owners are underinsured for their commercial property – but is this an active decision, or has the insurance industry failed to properly communicate the risks of underinsurance?
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NewsAtec Group boosts revenue income by 28% in year to September 2022
The firm’s chief executive said that ‘this upward trend is set to continue, with solid plans in place to more than double the business again through organic growth over the next five years’
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NewsSMEs potentially priced out of cyber cover due to ‘ongoing issue’ of rising premiums
How insurers quantify cyber risks has to change in order to effect more stable pricing in the long term, says commercial director
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NewsRomero Group ebitda grows 38% for 2022
The independent broker also posted turnover growth of 24% for the year
