All articles by Katie Scott – Page 34
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IT InterviewBrokers are the ‘absolute cornerstone’ of Aviva’s distribution strategy
UKGI boss emphasises that brokers are ‘hugely important’ to the insurer as it records 16% year-on-year commercial lines growth and ‘highest gross written premium sales in the last decade’ during 2021’s H1
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NewsInsurers have paid £968m in interim and final BI claims payments so far
The FCA calculates that 26,238 policyholders out of 41,666 who have had BI claims linked to the test case action accepted have received at least an interim payment so far
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IT InterviewTim Bailey: ‘Consistent investment’ in efficiency and service has driven Zurich’s H1 success
UK chief executive adds that broker partnerships ‘have been working exceptionally well for the first half of the year’
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NewsAxa to sell Singapore business to HSBC
The financial services business will spend €487m on the acquisition
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NewsAviva’s share buyback is a ‘real positive’ says UKGI boss
Financial information business confirms that the insurer’s ‘future capital adequacy and the overall financial health of the group won’t be dented’ by its plans
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NewsZurich believes it has been ‘been at the forefront’ of tackling BI claims backlog
UK chief exec adds that the insurer has yet to see the ‘benefits’ of the OIC portal coming through following its launch in May
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FeaturesBriefing: Commercial brokers ‘severely’ affected by FCA pricing reform, yet they are ‘not engaging’
Commercial lines brokers cannot afford to have their heads in the sand thinking the incoming FCA general insurance pricing reform will only impact personal lines brokers
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NewsAllianz Holdings’ 2021 half year results still showcasing Covid ‘ups and downs’
Chief exec compares fleet and pet insurance revenue figures to demonstrate pandemic impact
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NewsAdmiral improves UK insurance book turnover by £123.6m for H1 2021
Excluding discontinued operations, the insurer’s group-wide profit before tax grew by 76% between 2020 and 2021
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FeaturesBrokers embrace consolidation talent fallout
Opportunities are afoot for independent brokers to secure the cream of the crop in broking talent as consolidation tsunami leaves talent ‘deeply disenfranchised’ with new ownership
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NewsEsure, Pikl and Sheilas’ Wheels sign distribution deal
The insurtech describes the deal as a ‘prestigious partnership’, while esure believes the move is a ‘game-changer’ for the industry
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NewsAllianz shows ‘continued determination’ to find ‘ways to trade successfully with brokers’
LV=GI boss adds that the ‘opportunities’ to work with brokers are ‘great’ as its intermediary channel grows by 150% in 2021’s H1
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FeaturesDriver education needed to reduce motor claims frequency and severity post-Freedom Day
Industry commentators debate how changing commuting patterns could impact motor claims
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NewsIrish insurer expects Covid BI claim payments to hit €183m
The High Court in Ireland ruled against FBD in February
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NewsLV=GI boss has ‘never seen anything' as 'substantial' as FCA pricing reform
Preparing for the incoming regulation changes comes alongside “teething problems” with the Official Injury Claim portal, chief exec adds
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NewsMCE brings in QBE’s global head of claims performance as new claims director
Chief executive is ‘excited by the impact’ the new hire will have on the business as it seeks to transform into an insurtech
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NewsAllianz Holdings GWP dips across all business areas in 2021’s H1
The insurer says it is still grappling with the ramifications of the Covid-19 pandemic – for example, it has made payments on 87% of its accepted business interruption claims
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IT InterviewBronek Masojada: ‘Getting the basics right’ is how industry will boost reputation post-BI test case
Paying outstanding BI claims remains one of the chief exec’s ‘personal priorities’ this year, however chairman adds that ‘appropriate pandemic exclusion terms’ are now in place for Hiscox’s BI book
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NewsRSA reports loss for first half of 2021
The insurer admits it is in a transitional period following Intact and Tryg takeover
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FeaturesBriefing: Will anyone admit to price walking?
Transparency around remedying price walking practices could provide a reputational boost, but will any businesses ‘fess up and make their strategy changes public?
