Financial – Page 68
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IT InterviewPrivate equity investment set to bring ‘significant firepower’ to Miller
The firm was ‘not going to be able to blossom in the Willis Towers Watson family’ says broker chief executive
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NewsThe Big Question December 2020: What challenges and opportunities do you expect for 2021?
At the end of a challenging year that included the FCA test case, the switch to remote working and ongoing problems in classes such as professional indemnity, all against the backdrop of the Covid-19 pandemic, Insurance Times asks the industry what obstacles and opportunities they foresee for the year ahead
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Online onlyBriefing: Why there is so much concern around GoCompare’s new owner
GoCo’s new owner, Future Plc, has raised eyebrows with its meteoric rise on the stock market
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FeaturesWhat are the most profitable schemes for brokers amid the pandemic recession?
Although commercial combined schemes have brought brokers the most commission between April and September, residential property owners’ cover is declared the ‘biggest earner’ for this period
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Features‘Gross profit’ terminology confusion creates underinsurance hazard – Sedgwick
Determining insurable gross profit versus an accounting gross profit can be a headache for policyholders, however if calculated incorrectly, the ramifications on business interruption claim payouts could be impactful. Insurance Times explores the issue as well as possible solutions
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News AnalysisPremiums soar for independent financial advisors’ PI as insurers dwindle
As the UK approaches a pandemic induced recession, advice firms are facing higher premiums as insurers that provide professional indemnity for advisors have significantly reduced after a series of regulatory changes, constraints and historical blunders. Insurance Times investigates what this means for insurers and IFAs – and whether brokers ...
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Online onlyBriefing: Why an RSA takeover might actually be very good for brokers
Brokers’ gut reaction may be one of concern at the RSA takeover, but there is likely to be more upside than downside
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News AnalysisBrokers react to consortium’s ‘strong bid for an iconic brand’ in potential RSA purchase
UK brokers believe RSA’s potential new owners should build on the insurer’s firm legacy foundations, while others in the industry say external ownership could prove positive
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NewsBriefing: Claims service could come under the microscope after FCA’s pricing report
Commercial brokers told Insurance Times that a quality claims service is more important than competitive pricing, aligning with the FCA’s refreshed stance around fair value
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Online onlyBriefing: Brokers are upset - which insurers will lose customers over BI claims?
There are going to be winners and losers in broker sentiment following the pandemic claims. How much business is actually lost will be interesting as brokers form their opinions of providers who either supported or rejected their claims. Insurance Times annual star survey will reveal sentiment of brokers in these ...
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NewsNew insurer using traditional values to take a slice of the PI market
Peach Pi aims to capture a piece of the specialist PI market
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News AnalysisBriefing: A bright future, or momentary relief for the motor market?
The impact of the nationwide lockdown earlier in the year is expected to help the UK motor market return to profit once again in 2021, but with underlying problems still dogging the market, this is only anticipated to offer temporary respite for motor insurers By insight editor Matt Scott
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News AnalysisWide area damage principle is ‘question on everybody’s lips’ for quantifying BI claims
Following the High Court’s ruling in September on the FCA’s business interruption test case, Insurance Times explores some of the key areas that could impact on quantifying these coronavirus-related claims
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Online onlyBriefing: Why FCA-hit aggregators will likely squeeze insurers harder
Tensions between insurers and aggregators will likely increase amid the FCA pricing crackdown
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News AnalysisCourt of Appeal ruling could have insurers revisiting their reserving for personal injury claims
Although the court may have rectified a ‘clear injustice for many disabled claimants’, the insurance industry will now have to pick up the price tag for additional accommodation costs in serious personal injury cases
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Online onlyBriefing: £11bn lost revenue … astonishing costs of FCA price reform
It is enough to make the mind boggle. Looking through the FCA’s pricing reform papers, some startling predictions are made by the regulator. The revenue lost to UK General Insurance is huge, putting this regulatory event as possibly the most costly industry event in the recent history of this ...
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NewsBriefing: Hyperion equity deal sets up regional acquisition spree
The A-Plan deal gave the Hyperion group a new presence in the regional broking market. Combining this with a newly expanded M&A war chest could pave the way for some exciting times ahead By insight editor Matt Scott
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Online onlyBriefing: Broker profits are seriously threatened by FCA premium finance crackdown
The FCA’s plans to crackdown on premium finance are causing serious concens for brokers
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News AnalysisA-Plan deal a ‘stepping stone’ to further growth says David Howden
The near £700m deal is expected to create a £1bn broking giant once it completes, and with reinsurance and London specialties joining forces with a large regional presence, the newly formed business will have a number of strengths to bring to market
