All articles by George McDade – Page 14
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NewsBiba 2025: Major AI barrier for smaller brokers is ‘not knowing where to start’
‘The future is general AI, capable of human tasks and human intelligence,’ says head of research and development
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NewsBiba 2025: Reciprocity between brokers, insurers, reinsurers and MGAs key to increasing capacity
‘We sometimes get stuck on our own pathways, and we don’t solve the problem that’s in front of us,’ says chief executive
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NewsSome 94% of brokers expect to see growth in 2025 – but want more support from insurers
‘The data underscores the diverse needs brokers have from insurers to help them achieve their growth ambitions,’ says managing director
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NewsMGA issues cyber warning as businesses ’underestimating’ vulnerabilities
‘The frequency of cyber attacks and subsequent loss and disruption is significantly higher than the occurrence of other perils that firms look to insure against as standard,’ says head of cyber
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IT InterviewRichard Breavington: Exposure, appetite and uptake – the changing strategy of insurers in the cyber market
Cyber specialist and RPC partner talks cyber insurance, ransomware and how insurers are changing their strategies to get the most from the market
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NewsRansomware remains most costly type of cyber attack despite claims stabilising
’Ransomware is already back with a vengeance in 2025,’ says global head
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NewsCyber insurance claims down 20% year-on-year
‘There is clear evidence that increasing cybersecurity maturity is having a positive impact on claims activity,’ says leader
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NewsQuarterly weather-related claims reach record high
‘With climate change driving more frequent and severe weather, there must be a greater focus on prevention measures,’ says leader
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NewsFOS reveals which insurers are seeing largest volume of complaints
‘Behind each case are customers waiting for an answer and we are committed to delivering fair, timely and effective resolutions for consumers and businesses alike,’ says chief executive
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NewsBiba reveals impact of regulation costs on insurance premiums
‘We strongly believe that the burden of regulation can be reduced and we are working closer than ever with the FCA on a number of opportunities to achieve change,’ says chief executive
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News AnalysisIn Focus: Is the Covid linked business interruption claims backlog still an issue for UKGI?
Five years on from the onset of the Covid-19 pandemic, Insurance Times asks insurance experts whether business interruption claims linked to the lockdowns are still causing challenges for insurers and what the scope of the potential backlog is
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NewsWhat do underwriters plan to ask brokers at the Biba Conference 2025?
Ahead of trade body Biba’s annual conference this May, insurer and MGA leaders reveal exactly how they want to pick brokers’ minds
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NewsMarkel promotes for new UK head of technology
‘We are confident that under his leadership, Markel will continue to provide market-leading insurance solutions tailored to the evolving needs of technology businesses,’ says director of underwriting
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NewsAviva reveals drop in percentage of brokers actively recruiting
Aviva says the drop may be due to “stabilisation in the market, suggesting that many brokers have successfully filled their staffing needs”
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NewsCost of extreme weather and natural disasters around £1.55tn in last decade
‘Addressing the escalating costs of extreme weather and natural catastrophes requires collective and immediate action,’ says chief executive
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NewsNearly two thirds of insurers currently modernising core systems
‘The insurance industry is at a pivotal point where modernisation is no longer optional, but essential,’ says chief executive
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NewsUKGI industry to reach £113bn by 2029, forecast says
’The sector anticipates steady growth but must adapt to emerging risks and consumer demands,’ says senior analyst
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News AnalysisBrokers reveal wish lists for insurer relationships
Regional presence, tech innovation and physical branches matter less to brokers, according to exclusive Insurance Times research
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NewsPeriod homes cost over double modern counterparts to insure
‘People living in a period home, or those considering purchasing one, should be aware of the potentially higher insurance premiums that typically come with owning an older property,’ says expert
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NewsGlobal commercial insurance rates fall for third consecutive quarter – Marsh
‘We expect the overall trend to continue and for insurer competition to intensify, barring unforeseen changes in conditions,’ says global placement president
