The personal lines market is hotting up, with big players looking at acquisitions in this area
Ever busier roads, electric and hybrid vehicles, self-driving technology and ageing vehicle fleets have all played a part in changing the composition of UK roads – and insurers must pay careful attention in order to remain in control of a dynamic market
’Most MGAs aren’t huge and haven’t really got the infrastructure to manage claims. They’re focused on underwriting, so partnering with TPAs is critical to not having to worry about managing claims,’ says underwriting development manager
A focus on the practical upside of AI technology from UK insurance firms seems to indicate that the level of maturity around the technology has increased
Data collection must be driven by a purpose, to solve a set problem – otherwise, unintended consequences could cause issues for insurers
Firms on the list were rated by their employees as supportive of personal and professional growth
Increasing demand for motor insurance policies that cater towards flexible driving is fomenting market adaptation – but is this just a flash in the pan, or a longer-term trend?
‘AI is beginning to have motivation of its own – that’s a different kind of risk,’ said senior law firm partner
‘We need to tell our stories better. Too many young women don’t see themselves in this industry because they don’t see people like them in leadership roles,’ says director
Much more work is needed to truly educate the public on the dangers of insurance fraud – and Fraud Charter attendees agreed that this had to be collaborative
Expanding the insurer’s exclusive regional broker proposition and tackling the relationship ripple effect of broker consolidation are both key focus areas for the broker distribution director
With THC infused beverages growing in popularity in the US, Insurance Times explores the evolving risks, regulatory hurdles and insurance gaps in this budding sector