All articles by George McDade – Page 12
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NewsClaims handlers welcoming automation despite job security fears
‘Successful automation will empower claims handlers, not replace them,’ says deputy chief executive
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News AnalysisWhat 30 years of DVLA data reveals about the changing face of UK roads
Ever busier roads, electric and hybrid vehicles, self-driving technology and ageing vehicle fleets have all played a part in changing the composition of UK roads – and insurers must pay careful attention in order to remain in control of a dynamic market
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NewsUK skills shortage blocking AI adoption – Allianz Trade
‘Bridging this skills gap will support the drive for innovation, productivity and long-term growth in today’s competitive landscape,’ says chief executive
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NewsInsurers urged to back nuclear fusion as commercial viability nears
‘Within the insurance market, there’s only a few massive opportunities that come through in any one single career to this size and scale,’ says underwriter
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NewsFinance and insurance sector sees £10m boost in government investment
‘If you miss out on securing external funding, you could risk losing your competitive edge,’ says expert
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News AnalysisThe risks and rewards of hyper-personalised insurance models
High quality data enrichment and AI supported risk assessments are leading to the hyper-personalisation of insurance, bringing a suite of pros and cons for industry professionals to navigate
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NewsPolicy Expert's profit before tax grows by over 500% in latest results
‘The combination of strong performance and customer satisfaction puts us in a fantastic position to realise our goal of doubling the size of the business within the next three to five years,’ says chief executive
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AnalysisRevealed – the best and worst gender pay gaps at UK brokers
Insurance Times reveals the gender pay gaps at the biggest brokers listed within its annual Top 50 Brokers report
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NewsCost of M&S and Co-op cyber attacks up to £440m – CMC
Lost sales, supplier disruption, legal and IT costs all contributed to the figure
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NewsMore brokers drawn to MGAs with emerging talent and innovation commitment
‘As the war for talent intensifies, MGAs with strong cultures will stand out,’ says managing director
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NewsEducation key to lessen impact of climate disasters on those uninsured – RSA’s Ken Norgrove
Chief executive says communication is key to reducing losses
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NewsThree UK insurers earn spot on prestigious best workplaces list
Firms on the list were rated by their employees as supportive of personal and professional growth
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NewsMore UK insurance customers warming to AI use in industry
Comfort with insurers’ usage of AI is growing, especially among regular AI users
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NewsCar insurance premiums continue ‘retreat’ from all-time high in 2023
’The current trend of market consolidation and fear of losing scale to a handful of mega-insurers may be a contributor as insurers continue to drop rates to remain competitive,’ says head
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NewsAllianzGI appoints former Citi executive as chief economist
‘He joins us with a rare ability to be able to marry a deep understanding of both European and global long-term economic forecasting with short-term data interpretation,’ says leader
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NewsStrategic clarity needed to guide increasing AI uptake – Hyperexponential
‘The insurers who succeed will be those who treat it as a company-wide objective, not just a department-led experiment,’ says chief executive
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NewsNearly half of brokers turn to MGAs first for non-standard risk
‘The feedback from brokers underscores the crucial role MGAs play in the non-standard insurance sector,’ says director
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NewsSteady decline in UK brokers seen over last decade
‘There’s always a place for proper advice selling well-constructed and priced products that have been carefully thought through,’ says director
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NewsWidespread underinsurance a concern for majority of UK brokers – Aviva
‘Conversations about cover and premiums can be tough, especially when cost is front of mind for so many businesses,’ says director
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NewsAddept Insurance appoints new operations director as firm expands
‘Our successful legal expenses launch and the continued growth in new schemes across our wider portfolio has facilitated the expansion of our operational and claims infrastructure,’ says managing director
