Insurer News – Page 104
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Lloyd’s chief of markets adamant that ‘strong’ market conditions present ‘a lot of opportunities’
The marketplace says it expects current conditions to put ‘upward pressure on profitability, not GWP’
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Zurich scheme aims to kickstart insurance interest
The insurer will broaden the size of its scheme to support and attract young people into the industry, it says
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Backchat March 2023
Insurance Times shares the best industry anecdotes from the last month, delving into the world of obscure high net worth art. What has the insurance industry been up to of late? You heard it here first…
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Opportunity for Solvency II reform is ‘significant’ – Amanda Blanc
Aviva plans to ‘invest more into UK infrastructure’, says group chief executive
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Insurance Times reveals findings from IWD 2023 poll
Hybrid working was the most popular response to a question on the best methods for improving equity in the UK insurance industry
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Slow claims payments on subscription-based business must be improved – Lloyd’s claims director
Collecting these payments can become ’convoluted for the broker’, she added
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Aviva’s ‘simple and nimble’ approach helped COR performance
The insurer says it has been ‘working hard on its efficiency’
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Entertainment industry ‘not out of the woods yet’ despite recovery – Allianz
The insurer warned the sector ‘must continue to evolve’
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Aviva UK GI posts small rise in COR as ‘challenging market conditions’ bite
The insurer’s GWP also saw an uptick across last year
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Lloyd’s set to improve COR despite expected investment loss in 2022
The marketplace’s underwriting performance from 2022 is ‘as good as Lloyd’s has reported in recent memory’, its chief executive said.
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Admiral Group posts COR of 101.7% for 2022
The insurer’s group chief executive says she is ’proud of the agility and adaptability that Admiral demonstrated’ in 2022
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Admiral group chair to step down next month
The outgoing chair says she leaves with a ’mix of pride and fondness for this very special company’
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Hiscox looks for positives in profit slump as investments take a hit
‘We delivered the strongest underwriting result in seven years,’ says group chief executive
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Atec appoints new group distribution partnerships director
The new appointee is looking forward to ’fulfilling [the firm’s] vision and achieving its goals for 2023 and beyond’
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Insurance sector breaking down barriers to data science integration
While insurance has been viewed as ‘behind the curve’ on AI adoption, a ‘significant’ amount of effort has been made to upskill, says technical product lead
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‘I was letting the hoodies into the building’ – ex-Lloyd’s chief executive
The former Lloyd’s boss recalled the birth of Lloyd’s Lab and how she tried to break down barriers with dress code
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‘Subdued’ M&A market opens opportunities to transactional risk insurers
The transactional risk insurance market is expected to ‘grow’ in 2023 as firms grasp the oppurtunity to meet international demand
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Autonomous vehicles will allow insurers to become ‘disruptors’
‘This is an amazing opportunity for the insurance industry,’ explained autonomous expert
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Hiscox launches new broker extranet as ‘digital trading a priority’
This launch represents an important step in the insurer’s digital roadmap, said a statement