Financial – Page 61
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Features
What are the most profitable schemes and growth opportunities for brokers?
Although not tipped as the best performing scheme year-on-year, contractors all risks cover represents a ‘market opportunity for brokers’ as the UK exits lockdown
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News
ABI reveals launch of inaugural flexible working campaign
Exactly 27 firms have signed up to the new charter, designed to ‘tackle’ gender inequality as well as retain and attract new talent
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Features
Aon-WTW merger comes down to divestment deals
Smaller brokers may be able to pick up bargains as Aon and WTW look to dispose operations to get merger green light
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News Analysis
D&O market is ‘absolutely brutal’ and ‘in a world of pain’ as a result of hard market
However, insurers are looking to grow and are selecting some ‘quite aggressive targets’, says expert panel
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Features
In Focus: Biba’s Steve White commends broking industry for its resilience
Biba’s chief executive discusses upcoming challenges for brokers ahead of the trade body’s annual conference
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IT Interview
Charles Manchester: MGAs face ‘challenging time squared’ due to pandemic
The chief executive discusses why brokers and MGAs must be more organised now than ever before
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IT Interview
Mike Bruce: Successful M&A ‘comes down to the quality of the businesses and why you are buying them’
Acquisition strategies need ‘a much more thoughtful model’ than ‘let’s buy everything that moves’ says chief executive
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News
FCA pricing reform timetable is still ‘too short to be achievable’
Under two-thirds of insurers believe more time is needed to implement pricing changes
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News
Insurdata’s UK entity enters voluntary liquidation
The chief executive says the liquidation is a matter of reorganisation
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IT Interview
Stephen Catlin: There’s ‘more pain to be suffered’ as market remains in Covid-driven ‘turmoil’
The direct market is assuming control from reinsurers to steer pricing corrections, while the ‘far-reaching financial consequences’ of the pandemic are yet to be fully understood by the industry, says (re)insurance chief executive
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IT Interview
Greg Brown: Insurers ‘nascent’ over cryptocurrency cover
Despite cryptocurrency market volatility, there is demand for insurance – particularly against theft – says consultancy partner
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News Analysis
Insurance2025: Personal Lines Keynotes, 2021
Firms’ differing interpretations and pace of change ahead of the FCA’s pricing reform deadlines could pose problems as the industry seeks to eliminate price walking
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IT Interview
Ian Hughes: ‘Brutal’ changes set to hit insurance sector as FCA uses its teeth
The FCA’s pricing reform will initiate ‘a fundamental shift of culture’ – it’s imperative that brokers and insurers ‘lean in’, says chief executive
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News
FCA’s pricing reforms are ‘right step’ – Covéa’s James Reader
The chief executive believes that pricing changes are not something that could be achieved with ‘small tweaks’
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News
UK car insurance premiums fell by 14% in last year – WTW
Premiums are now at their cheapest since 2015, reflecting the impact of lockdown on claims
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News
Close Brothers Premium Finance urges brokers to ‘change gear’
Brokers ’need to change gear and do their bit to bring about a full recovery in 2021’, says financial services organisation
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IT Interview
Andy Yeoman: Data-led approach is ‘entirely non-optional’
Insurtech boss says brokers are ‘gearing up strongly’ around data and analytics to maintain ‘competitive advantage’
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Features
Briefing: Intangible asset underinsurance offers post-pandemic opportunity
The Covid-19 spotlight has illuminated the protection gap around intangible assets – this is a wake-up call the sector can’t ignore
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News
Insurers have paid £600m in interim and final BI claims payments
Around 13,670 BI policyholders out of the 35,438 who have had claims accepted have received at least an interim payment
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News
Saga seeks transformation with strategic turnaround plan
Group chief executive believes the plan will boost growth for the business, while driving sustainable returns for its investors