Insurer News – Page 124
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Lloyd’s returns to profit with £2.3bn in full-year 2021 results
£2.9bn was paid to customers impacted by Covid-19
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Saga’s retail broking arm reports 3% GWP dip for 2021
Chief executive says Saga’s insurance business delivered a ‘robust performance’ in the last year
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Sabre records small GWP decrease for 2021 amid ‘high levels of claims inflation’
The insurer’s COR also saw a slight raise last year, albeit within its targeted range
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Zurich appoints new head of SME
The insurer hopes the new hire will drive continued growth in its retail business
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Industry at digitalisation crossroads post-pandemic – Allianz’s Sirma Boshnakova
Insurance firms must build ’technology with a heart’ and maintain ‘a human touch’ to avoid ’alienating’ consumers, says insurer board member
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Ecclesiastical reports pre-tax profit despite slight COR increase
Despite the UK ’still living with Covid-19’, the insurer believes it has had ’an outstanding year’ in 2021
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Swiss Re debuts ‘enhanced’ oil and gas policy
The reinsurer has sent a ‘strong message’ to fossil fuel companies and governments with its new commitments
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Parametric ‘ugly duckling’ could become sector’s ‘future’
Industry’s data may transform parametric insurance from ‘science fiction’ to broad, multi-line reality
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Lloyd’s slaps Atrium with ‘largest fine ever imposed’
The managing agent has accepted charges related partially to ‘inappropriate conduct’ at a ’boys’ night’
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RSA updates trans-inclusive policy for UK employees
The policy has been crafted in collaboration with a recently transitioned member of staff
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Co-op Insurance and aggregator partner on pet cover
High premiums for pet insurance are putting pet lovers off adopting a furry friend, but Co-op Insurance’s discounted new policy could help
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Axa UK snaps up new retail claims director from NFU Mutual
The insurer hopes the new hire will spearhead innovation and transform its claims processes
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Around 800 UK accidental damage claims per year are dog-related – Aviva
Home insurance policies usually have exclusions for pet-related damage, including chewing, scratching and fouling
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Industry backs Online Safety Bill’s new fraudulent advertising duty
Ofcom will be setting out further details for platforms
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Axa UK scoops ex-Aviva veteran as new director of retail direct
He has worked for Aviva for 17 years, and played a pivotal role in the conception of Quotemehappy
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Specialist cycling insurer reports 8% rise in claims
Over half of payouts were for bikes or kit worth under £500
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Three decades to achieve gender parity at senior level warns Aviva boss Blanc
The Women in Finance Charter has made a series of recommendations to tackle the lack of senior roles filled by women in insurance and promote gender parity
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Direct Line Group recovers from 2020 dip with improved year-end financials
The group’s GWP remained broadly stable, despite its motor book seeing a tumble in turnover
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Aviva and Zego ink multiyear fleet insurance deal
The insurtech believes that usage-based insurance is the future
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Revealed: Two insurers awarded five stars in Insurance Times’ 2022 commercial lines report
The results from Insurance Times’ Five Star Rating Report: Commercial Lines 2022 are in and two insurers have achieved a five star rating