Insurer News – Page 81
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Majority of insurance bosses say innovation is key to risk mitigation
’Every advance in technology creates new opportunities to innovate,’ says banking and decisions solutions division executive
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High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories of this week
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Aviva declines to comment as takeover talk surfaces
’The business is forecast to have strong free cash flow and excess capital,’ says investment research director
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UK and Ireland leads way on European M&A deals in H1 2023 as brokers attract investors
’It is thought, however, that deal activity in the region may have peaked due to the scarcity of broker targets,’ says consultancy
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Home and motor insurance premiums surge at ‘unprecedented’ rate
’Significant price drops may not materialise until insurers feel more at ease in the changed environment,’ says director
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Webinar
Watch: AI in Insurance webinar – Revolution or Hype?
In this webinar, expert panellists joined deputy editor Yiannis Kotoulas to discuss the real use cases and proper implementation of AI in the insurance sector
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Partners& boosts revenue by 54% following UK expansion
’We have made impressive progress in our plan to create the leading advisory business in the sector,’ says chief executive
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Is ghost broking being mislabelled?
’I do tend to see a lot of stuff labelled as ghost broking, where it is probably not,’ says director
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Direct Commercial launches first product on Open GI platform
’Brokers value speed of trading and simplicity of service and we continue to meet that need,’ says head of schemes
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Top 50 Insurers 2023 digital edition now live
The final ranking of the UK’s top general insurers has now arrived for 2023 – but where has your firm placed?
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Resilience expands cyber underwriting capacity through RSA deal
’The cyber environment is a complex and changing one,’ says managing director of UK specialty lines
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PFS and CII launch Consumer Duty digital learning suite
’I would encourage all finance professionals to identify and take the steps needed to drive our sector forward,’ says chief executive
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Aventum appoints first chief technology officer
’Aventum has a palpable ambition to do things differently,’ says new appointee
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LMA launches updated Blueprint Two playbook for managing agents
’This playbook builds on what we provided in 2022, fills gaps in knowledge and consolidates understanding,’ says operations director
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Partners& inks new deal to expand in the south east
’The team bring a wealth of experience and a specialism,’ says managing partner
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Insurance industry to face ‘dynamic’ stress tests
’The dynamic nature of the exercise represents a significant change from previous exercises,’ says regulator
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Seventeen Group sees 19% rise in income after acquisition spree
’Further acquisitions are expected to complete in the coming months,’ says chief executive
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QBE snaps up former Allianz distribution manager to expand trading team
’We have gained real traction across all our regional offices,’ says director
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E-scooters ‘may not be around much longer’ amid risk of battery fires and ‘lack of control’
’There is a particular issue with the lithium-ion batteries at the moment,’ says head of fraud and financial
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How AI helped accelerate Axa Commercial’s response to RAAC issue
’Using the AI tool enabled us to react quickly to an urgent issue,’ says director of customer risk management