Insurer News – Page 144
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NewsAdmiral and Direct Line face double-whammy margin hit in 2022 – Bloomberg Intelligence
Regulation implementation and inflation pushing up claims’ costs are among the causes
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NewsProposed Leasehold Reform bill a ‘red flag’ for industry over property insurance commission disclosures
‘Millions of people’ could be insured ‘for a lot less’, says financial compliance firm principal
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NewsInsurance Data Lab reveals highest ranked insurers for customer experience
Six insurers have been recognised with a ‘gold award’ for ‘doing their utmost to help their customers’
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NewsFCA publishes final rules for Consumer Duty regulation
The regulator has extended its implementation timeline for its ‘step change’ Consumer Duty principle by three months, but company boards must agree their implementation strategies by October 2022
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NewsTravel insurers must address ‘misunderstanding’ over coverage – Consumer Intelligence
A lack of consumer trust in the travel insurance sector should be addressed with greater clarity over policy exclusions, says senior insight analyst
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NewsInflation is surmountable with proper provision – Beazley
The specialist insurer has ensured it has sufficient amounts of reserve capital in place, to help it weather economic storms such as inflation
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NewsDOA Underwriting strikes capacity deal for travel policies with Axa Partners UK and Ireland
The insurer says the agreement forms ‘a key part in our travel strategy’
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NewsClaims mitigation strategies offer opportunity for the ‘ultimate’ customer service
Insurers can provide advantages to policyholders by helping them avoid making claims in the first place
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NewsBeazley posts 2022 half-year COR of 87%
The insurer is actively managing ’inflation and recession’, says chief executive
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NewsUK government publishes Financial Services and Markets Bill
The tabled bill represents ‘the beginning of the development of a new UK regulatory regime’, paves the way for Solvency II reform and furnishes the FCA with new regulatory powers
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NewsCost of living pressures push uptick in fraudulent property claims – Zurich UK
Fraudsters submitting bogus claims ‘drives up the cost of premiums for everyone’, says detective chief inspector
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NewsAllianz Holdings scoops new chief operating officer
The new appointee had a long career in the banking before entering the insurance sector
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NewsAllianz Partners names new UK and Ireland chief executive ahead of Tozer departure
The search for a new chief sales officer has also commenced
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NewsInsurers brace for ‘inevitable’ claims following forest fires
Greater cross-sector collaboration is needed to ’more accurately assess, map and manage the risks’ as wildfires are ’no longer just an issue for faraway countries’, says property loss expert
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NewsPercayso Inform teams up with Ageas UK
The insurtech hopes to provide brokers with confidence as more accurate risks are being presented
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NewsLack of affordable cover a ‘significant barrier’ to growth of small businesses – FSB
The cost of insurance should not be excluded from the price of doing business, says board director
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NewsDirect Line Group predicts inflation-driven profit hit
The insurer’s second tranche of its £100m share buyback programme has been cancelled as a result
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NewsSabre posts COR of 98.9% as UK inflation reaches ‘historic highs’
The insurer also recorded a £13.6m increase in GWP year-on-year
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NewsWho will be crowned Technology Champion of the Year 2022?
Six technology trailblazers have been shortlisted by the Insurance Times editorial team, but who will get your vote?
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NewsInflation contributing to an increased number of aircraft being written off
Repairable vehicles are increasingly being scrapped as the cost of repairs approaches their total value, says aviation portfolio manager
