Household – Page 12
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NewsCompany market outlook for 2023 becoming progressively worse – Fitch Ratings
The firm highlighted that one path to gaining capital is turning to higher investment returns
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NewsVulnerable customers less likely to shop around for home and motor cover – Consumer Intelligence
Almost half (42%) of home insurance customers were revealed to be potentially vulnerable
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News AnalysisHow is the industry faring ahead of the FCA’s Consumer Duty implementation?
Insurance DataLab provides exclusive analysis of the Financial Ombudsman Service’s most recent complaints data to see how prepared the industry is for the FCA’s Consumer Duty this July
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News AnalysisBriefing: Cost of living crisis causing spike in accidental damage claims
The propensity for homeowners to submit accidental damage claims has increased as household budgets have been squeezed – but the industry must be alive to opportunistic fraud risks
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NewsCost of living crisis causes 43% of insurance customers to cancel policies when seeking to cut cover costs
Head of consumer strategy queries whether the industry is doing enough ‘to be the safety net that newly financially vulnerable customers really need’
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NewsInsurers’ capital outlook darkened by increasing climate risk – GlobalData
Extreme weather events have already caused UK insurers to lose around £1.5bn, says senior insurance analyst
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NewsStephen Kennedy: Firms ‘won’t be bored in 2023’ with general insurance pricing
Pearson Ham’s director of insurance pricing states that a ‘fine balance needs to be struck between inflation, competition, demand and growth’
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NewsDirect Line predicts home and commercial lines claims of £90m
The insurer has scrapped its final dividend for 2022 but has assured shareholders of its intention to restore balance sheet resilience
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News AnalysisQuick thaw delivered major claims impact from UK cold snap
Freezing temperatures in December 2022 have led to a flood of claims submissions and enquiries as insurers brace for burst pipe bad news from policyholders
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IT InterviewPeter Thompson: ‘Challenge anything’ mindset behind BGLI’s 30th anniversary success
Broker chief executive says that being acquired by Markerstudy Group has created a ‘formidable’ player in the personal lines market that does not have ‘any bounds in terms of ambitions’
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Sponsored ContentPearson Ham: What is the general insurance pricing outlook for 2023?
Stephen Kennedy, director of insurance pricing at Pearson Ham, provides his estimations as to the direction of travel for general insurance pricing next year
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IT InterviewQ&A: ‘Granular claims data with cross-search functionality has been a big blind spot for the market’ - LexisNexis Risk Solutions
Insurance Times speaks with Carla McDonald, director of insurance claims product management at LexisNexis Risk Solutions, about how claims data can be better utilised to support brokers
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News AnalysisBriefing: Charity report warnings put insurance at heart of flood risk solution
But questions remain around funding for flood education
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IT Awards 2022Insurance Times Awards 2022: Arma Karma ‘pushed the boundaries’ in marketing insurance to younger customers
Chris Frogner, chief financial officer at Arma Karma, explains why the MGA deserves to win first place in the Marketing Campaign of the Year – B2C category at this year’s Insurance Times Awards
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News AnalysisTechTalk: Lemonade – from darling disruptor to progressive collaborator
The insurtech is seeking to transform the way the British public buy insurance
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News AnalysisBriefing: When life gives you lemons – Lemonade does generative AI
Lemonade was ’established as AI doing insurance’ – and now the insurtech is ready to make its mark in the UK
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NewsHome insurance premiums drop 7.9% in last six months – Consumer Intelligence
But London remains the most expensive region to buy home cover, with premiums still increasing compared to price drops across the rest of the UK
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NewsZurich urges government to introduce single accreditation scheme as solar panel fires rage
’The government and industry should monitor whether the trend in fires grows,’ says major loss manager
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NewsFormer Policy Shop boss joins Got You Covered as managing director
It is an ’pivotal time’ for the broker as it moves into a ’dynamic expansion period on all fronts’ says incoming managing director
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NewsConsumer Intelligence launches daily insurance price benchmarking for home and motor
The new platform will provide real time metrics on price movements and competitiveness, says the market intelligence firm
