Financial – Page 42
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AnalysisBriefing: Are insurtechs sustainable?
Industry voices are flagging concerns that insurtechs are not working to solve current industry challenges – but what is driving these discussions and can anything be done to change this view?
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AnalysisProperty insurance falls to underwriting loss despite drop in claims
Insurance DataLab takes a deep dive into the UK’s property insurance sector, exploring market trends and pinpointing improving insurers
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NewsThe Clear Group secures new investment
The investment represents a ’real endorsement’ and allows the next phase of the group’s strategy to be put into action, says group chief executive
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News‘Incumbent’ that brokers and insurers work together to combat underinsurance – Allianz
Industry has ‘a huge responsibility’ to mitigate inflation-driven underinsurance and ensure that certain risks do not ‘become uninsurable’, says chief executive
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NewsFCA slams JLT Specialty with multimillion pound fine
Insufficient controls by the firm meant that ‘money flowed into the pockets of corrupt officials’, says the regulator’s director
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NewsBrokers must look to their business models to combat costs of regulation
Compliance expert explains that ‘a lot of brokers don’t understand the value of their time’
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NewsWorldwide delegated underwriting authority groups’ revenue increases by 21.7% – Insuramore
The consultancy predicts global revenues are likely to pass £16.5bn by 2023
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AnalysisBriefing: More insurers need to think outside the box to mitigate cost of living crisis
Insurers must step into the breach once more to support consumers – but how many are actually willing to reduce monthly installment plan premium uplifts?
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NewsConsumers increasingly shop around for insurance as inflation squeezes UK’s finances – CII
Many customers have ‘never seen prices increase at this speed’, says director
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NewsBroker Somerset Bridge selects new premium finance provider
The partners are now eyeing a ‘long-term strategy of mutual growth’, says chief operating officer
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AnalysisInflation-driven underinsurance demands tough talk from brokers
Brokers cannot be the ‘Father Christmas’ of low premiums amid inflation and supply chain squeezes, yet they can be the ‘antidote’ to underinsurance
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AnalysisOpinion: Value add support services must be promoted to avoid cover corner cutting
Editor Katie Scott discusses the role of insurance firms and risk management amid current inflationary pressures
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NewsParametric carbon insurer Kita raises £350k in pre-seed funding round
Its co-founder and chief executive says the ’lack of insurance’ to address risks such as carbon removal is ’holding back development at the rate the world needs’
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AnalysisRevealed: Which firm is the most profitable insurer in UKGI?
Insurance DataLab analyses the latest Solvency and Financial Condition Reports to find out which of the top five largest insurers have the best underwriting performance
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NewsMarsh ranked top broking group for worldwide revenues in 2021 – Insuramore
The broker was also ranked as the leader in commercial property and casualty insurance retail broking
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AnalysisTech savvy new entrants set to shake-up home insurance sector
Insurance Times explores market movements in home insurance following the FCA’s pricing reform and escalating claims inflation pressures
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NewsSMEs struggle as late payment issues increase – Premium Credit
Difficulties securing credit have triggered a change in SME’s insurance buying habits as a result
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NewsSabre’s GWP up by 30% despite inflationary pressures
The motor insurance underwriter is confident that its disciplined underwriting strategy will consolidate its core strengths and allow for sustainable growth
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NewsClimate change will become a ‘persistent drag’ on insurers’ profitability
Projections show that insurers are likely to be able to bear the costs of the transition to net zero, however
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NewsUrban Jungle raises £16.5m in latest series A funding round
The insurtech plans to enter new markets following the funding boost, as well as create 100 new jobs
