Insurer News – Page 151
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NewsAviva increases general insurance GWP by 6% to reach ‘highest sales in over a decade’
The insurer’s UK commercial lines business grew by 15% last year
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NewsLloyd’s of London could face ‘sizeable’ hit from Russia-Ukraine war
Exposure to eastern Europe is likely to be ‘modest’ but classes such as energy could take a beating
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NewsPeach Pi boosts business for parent company
However, the niche insurer’s managing director says the message conveyed is ’resonating with the type of people’ it wants to do business with
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News‘Real work’ still to do to improve customer communications
However, ‘the industry has some great potential’ around using artificial intelligence to create personalised interactions with consumers, says expert panel
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NewsInsurance demonstrates it is ‘the shock absorber for the world’ in combating new risks
Event panellists also identify cyber risks as ‘the next systemic event that might hit’ commercial customers
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NewsHospitality group Corbin and King wins £4.4m in High Court BI case against Axa
Insurers need to have a ‘radical rethink’ as more business interruption battles are expected to come to the forefront in 2022, says law firm partner
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NewsAxa UK and Ireland reports 3% rise in gross revenue for 2021
The wider group, however, steams ahead with a 131% boost in net income
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NewsFCA’s GI pricing reform used ‘a sledgehammer to crack a nut’ – Fairer Finance
Plus, ‘very consumer oriented’ regulation is being stretched into ‘the realms of international and corporate business’, which may not add customer value, says Aon UK boss
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NewsTravelers buys Trōv’s technology assets
The insurtech’s founder and chief executive says Travelers is ’the ideal company’ to take its ’technology to the next level’
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NewsInsurance Times unveils brand new Broker Hub tool
The platform enables brokers to easily find and compare information and content relating to insurers that have been rated by Insurance Times’ exclusive Five Star Rating Reports
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NewsAgeas UK’s 2021 net result rises by 14.6% as new strategy bears fruit
Profit improved in 2021, despite the insurer’s motor book suffering a financial dip
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NewsIndustry veteran James Eaton confirms retirement
Eaton will remain in charge of the insurer’s specialty lines throughout 2022, but a succession plan will be announced later this year
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NewsRSA pledges more than £750k to support SME talent attraction in 2022
Apprentices will ‘play a crucial role in developing and creating talent pipelines’, says professional development consultant
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AnalysisInsurers brace for claims as Storm Eunice batters UK
UK insurers put surge plans in place ahead of Storm Eunice hitting last week, but commentators agree that improved infrastructure resilience is the long-term answer as extreme weather events are on the up
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NewsAllianz Group’s UK revenue up 2% year-on-year despite Covid-driven peaks and troughs
The financial results show the importance of ‘having a balanced portfolio of business’ across both personal and commercial lines, says UK chief executive
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NewsMarmalade adds Ageas UK to black box insurer panel
While the current economic climate drives up motor insurance demand, the deal aims to ensure ‘more comprehensive and cost effective policies for young drivers insuring their own car’, says chief executive
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NewsAxa Commercial futureproofs motor fleet offering with EV edits
EV sales increased by 76% between 2020 and 2021, according to the insurer
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NewsFormer Allianz boss Jon Dye to join Hiscox UK as new chief executive
Dye confesses he has ‘admired Hiscox for many years’ and is looking forward to being part of the insurer’s ‘next chapter’
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NewsSynetiq signs green parts contract with personal lines insurer
The ‘significant’ expansion of the firms’ partnership ‘underlines the importance of working together to drive cost savings and reduce emissions’, says chief executive
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NewsCycle insurer Bikmo launches new bike shop insurance
The product aims to relieve the ‘uphill grind’ experienced by cycle retailers in finding ‘a comfortable insurance fit’, says commercial insurance manager
