Insurer News – Page 83
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Aviva to acquire AIG’s UK protection business in £460m deal
’This acquisition brings significant strategic and financial benefits to Aviva,’ says chief executive
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Cyber insurance market a ‘massive opportunity’
’With a low overall cyber insurance penetration rate, millions of companies remain unprotected,’ says head of risk engineering
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Markel reduces quote turnaround time with help of AI
’It underscores what can be achieved when insurers invest in digitising their underwriting workflows,’ says chief 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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Hughes Insurance invests in commercial offering to support SMEs
’It’s crucial the SME sector remains adequately supported and protected,’ says director of operations and customer services
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FCA to clamp down on ‘outliers’ in cyber insurance market
’We are concerned that uncertain cyber policy wordings may result in firms not meeting their customers’ needs,’ says regulator
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Lloyd’s releases new images of refurbished underwriting room
’In this new chapter for the underwriting room, we have not lost sight of our historical roots,’ says chairman
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‘Totally unacceptable’ – reaction after justice committee releases OIC report
’Overall, it has been an inauspicious start to life for the OIC,’ says executive director
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FCA issues fair value warning as it slaps Gap insurance providers with ultimatum
’This is an early signal of the work we’ll be doing under the Consumer Duty,’ says director of insurance
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Lloyd’s chairman highlights three main challenges in insurance sector
He also stresses that the insurance profession needs to ‘up its game’ for customers
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MS Amlin appoints Aviva veteran as new chief financial officer
’Her experience in transformation and delivering client solutions will be enormously valuable,’ says chief executive
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Home insurance payouts surge at faster pace than premium prices in Q2 2023
’Insurers continue doing all they can to offer competitively priced cover,’ says director of general insurance policy
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Online Safety Bill is now set to become law – this is how it will tackle online fraud
Ofcom will be largely responsible for enforcing the bill
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Excessive alcohol consumption fuelling exclusion and harassment in insurance sector
’It’s crucial to create productive spaces for honest discussions around EDI,’ says professor of sociolinguistics
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MPs demand answers amid ‘growing’ backlog in OIC portal and rising premiums
The justice committee has published its findings after calling for evidence on the impact of whiplash reforms
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Poloworks launches new digital division to support digitisation of London market
’We are very much aware that going forward, brokers will need more full-time support,’ says chief executive
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Lloyd’s of London issues statement as underwriting room reopens
’We would like to thank everyone for their support over the Summer refurbishment,’ says marketplace
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CVC expands insurance portfolio with Dale Underwriting partnership
’We are excited to be partnering with CVC to back Dale’s next phase of growth,’ says founder and chief executive
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Markerstudy aims to create dynamic ‘one-stop shop’ PL player after Atlanta deal
’We can operate really dynamically when something comes up,’ says chief executive
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Hubb rebrands as Taveo to ‘accurately reflect mission’
’Our new brand identity is a significant milestone for Taveo,’ says cofounder and chief executive