All articles by Katie Scott – Page 19
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NewsRSA chief operating officer moves to head up personal lines business
A senior leadership reshuffle signals the start of ‘RSA’s next chapter’, says UK and international boss
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AnalysisBriefing: Brokers don’t have to be jack of all trades – it’s time to tap into insurtech
Furthermore, brokers can utilise data to disrupt other sections of the regulated financial services market, looking to offer adjacent services to clients, says network’s head of sales
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NewsAviva reports 5% general insurance GWP uptick for 2022’s first quarter
But the insurer’s UK COR for general insurance has worsened by 7.3 percentage points year-on-year
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IT InterviewNick Hobbs: Allianz plans to ‘reorientate’ itself to ‘make new broker friends’
Building connections with ‘more brokers we don’t trade with’ will help fuel ‘intelligent growth’, says chief distribution and regions officer
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NewsBrokers’ commission must be ‘reflective of the value’ provided to customers, says FCA
The regulator’s executive director of consumers and competition emphasised that brokers must not recommend a product based on their own remuneration, although ‘high prices may sometimes be appropriate’
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AnalysisBriefing: FCA backs Biba on FSCS levy reductions, but admits change ‘will take some time’
Despite some alignment in thinking, Biba’s chair still believes the regulator needs to take ‘a long, hard look at its own responsibilities and approach to our low risk sector’
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NewsSheldon Mills: FCA does not have ‘one-size-fits-all approach to regulation’
Achieving balance between the regulator’s 4,500 staff and the 55,000 firms its regulates is a challenge, notes the executive director
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NewsNatural catastrophe claims knock Q1 P&C operating profit for Allianz Group
Chief executive states that the insurer’s ‘results demonstrate that our business can withstand significant geopolitical and economic pressures’
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NewsBrokers with purpose and consistency will beat ‘mistrust in the establishment’ – Steve White
Broking firms are facing a ‘difficult operating environment’, yet they must strive to ‘breed trust’, says chief executive
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NewsExcitement builds ahead of Biba’s annual conference
After a three-year hiatus due to the Covid-19 pandemic, the trade association is back in Manchester with its annual conference, where Insurance Times will reveal its annual eTrading report results
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AnalysisOpinion: Hybrid ‘new normal’ yet to be clarified across UKGI
Editor Katie Scott discusses the appetite around industry in-person gatherings ahead of this year’s Biba conference
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NewsAustralian insurance firm buys Tysers for £500m
Broker chief executive describes new owner as ‘perfect partner’ to ‘support our growth ambitions’
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AnalysisBriefing: LiPs not ‘disadvantaged’ by OIC process despite industry-wide concerns
Law firm argues that OIC portal process is not a ‘disincentive’ because LiPs are ‘clearly able’ to submit and progress claims
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AnalysisWhat broker schemes are proved to be most profitable in 2022?
Although one line of business is head and shoulders above the rest in terms of boosting brokers’ schemes-based commission, the Covid-19 pandemic is still having an adverse effect on some schemes’ popularity and uptake
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NewsRSA understands its ‘products to the nth degree’ following BI test case
Commercial lines managing director says the insurance sector is now ‘better’ as a result of the FCA’s test case action
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AnalysisBriefing: Can insurance fraud prevention be measured?
Insurance fraud has the potential to be a ‘source of income’ amid rising living costs, so finding ways to measure fraud prevention is an increasing priority for the sector
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NewsFCA finalises ‘comply or explain’ diversity rules
Listed firms will need to adhere to the new rules for financial accounting periods from 1 April 2022
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IT InterviewLee Mooney: RSA’s commercial lines business is ‘nothing without our broker partners’
RSA’s commercial lines managing director explains how the insurer’s three-pronged approach aims to improve broker service and encourage ‘growth mode’
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IT InterviewStewart McCulloch: Online ADR is ‘saving the day’ following pandemic-induced court backlogs
There is no ‘place in the future for having a complex, disproportionate process which just complicates things unnecessarily’, says managing director
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NewsCar insurance insurtech raises £1.8m in seed funding
The investment means that the business is ‘well on the way’ regarding its mission ‘to challenge the status quo’ and ‘turn insurance on its head’, says chief executive
