All articles by Katie Scott – Page 12
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News AnalysisBriefing: Legislation sorely needed to help mitigate ‘six-figure’ e-scooter claims
However, with the onset of legislation, the potential for first and third party fraud could rise
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News AnalysisOpinion: Industry will need to continue to knuckle down in 2023
Editor Katie Scott summarises some of the year’s key challenges and what the industry may expect come 2023
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NewsInsurance sector ‘perfectly positioned’ for carbon removal action – Swiss Re
Senior risk manager advises underwriters to not be “scared” of providing cover for carbon removal because many of today’s insurance products are fit for purpose for these processes
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NewsSMEs potentially priced out of cyber cover due to ‘ongoing issue’ of rising premiums
How insurers quantify cyber risks has to change in order to effect more stable pricing in the long term, says commercial director
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NewsJensten Group buys Kent-based motor trade and fleet broker
The organisation plans on using its new purchase to expand its areas of specialism
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News AnalysisBriefing: Drone cover moving from ‘niche’ to ‘vanilla’ risk for insurance sector
As more businesses look to deploy in-house drone capabilities, corporate cover requirements need to change to accommodate this risk
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News AnalysisBriefing: Senior leadership swaps at Aviva continue to cause broker conversations
Insurance is a people-centric industry – sector-wide chatter around leadership changes at Aviva proves how important broker and insurer relationships are
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NewsGRP buys Kent-based commercial broker
Broker leader sold up because the ‘firepower that GRP and Brown and Brown can provide for growth oriented businesses is second to none’
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NewsHome insurance premiums drop 7.9% in last six months – Consumer Intelligence
But London remains the most expensive region to buy home cover, with premiums still increasing compared to price drops across the rest of the UK
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NewsTysers Insurance Brokers appoints ex-Lloyd’s of London non-exec as chair
Set to replace Peter Haynes ahead of retirement, the new hire is a ‘highly regarded leader’, according to AUB Group boss
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NewsJMG Group buys Wokingham-based commercial broker in 14th deal since 2020
The transaction sees the intermediary business break the £200m gross written premium threshold
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News AnalysisThe Big Question December 2022: What are the challenges and opportunities for insurance firms in 2023?
With the new year on the horizon, Insurance Times quizzes industry experts on what the insurance sector should watch out for in 2023
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NewsLiberty Mutual Insurance appoints chief underwriting officer for specialty markets arm
The focus of the new hire will be to ‘drive results through underwriting excellence’
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NewsCapacity for MGAs is ‘challenging’ as traditional avenues are ‘being more selective’
Trade association boss says capacity ‘crunch’ descriptor is ‘over the top’ - but ‘challenging’ is a more accurate way to explain the current lay of the land
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News AnalysisBriefing: ‘Inflation is not fundamentally bad for the industry’ despite uptick to 11.1%
But factoring claims inflation into premiums could impact insurers’ profitability in the short term, says head of market intelligence
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News AnalysisBriefing: Are insurtech MGAs disrupting the market as much as they think?
The marriage of insurtech and MGAs could bring ‘fresh energy’ to the insurance sector, but do these businesses have the know-how to attract customers?
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NewsBackchat November 2022
Editorial’s croquet skills, a passion for ballroom dancing and dressing up for charity. What has the insurance industry been up to of late? You heard it here first…
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News AnalysisOpinion: Insurers prepare for claims following winter hour rollback
Insurance firms grit their teeth as the darker winter weather heralds a likely increase in claims
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News AnalysisWill appetite for UK broker schemes dwindle amid ‘stark drop’ in possible commission earnings?
One line of business presents a silver lining, however, reporting a 10% growth in brokers’ commission earnings as a percentage of premium between April and October 2022
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News AnalysisBriefing: Provision of cyber insurance can help industry position itself as a ‘problem solver’
However, for the cyber insurance market to become truly sustainable, an influx of capacity is sorely needed
