All articles by Katie Scott – Page 38
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FeaturesBriefing: Brokers’ purse strings threatened by PI cover costs
The FCA’s test case has contributed to broker PI being ‘in a very, very difficult position’ says network MD, as Covid exclusions also cause costs to escalate
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NewsHowden launches ESG-focused insurer
The new business, which plans to begin underwriting from 1 January 2022, indicates ‘a step towards facilitating long-term industry change’ around resilience
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NewsIntact and Tryg complete cash acquisition of RSA
The transaction ‘has delivered attractive, certain value for our shareholders’ says RSA chairman, as Intact promises to ‘build on the well-recognised RSA brands and scale in home and commercial lines’
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NewsGovernment committee proposes time limited insurance scheme to prevent live event ‘lost summer’
DCMS committee says ‘the government must act now’ as there is ‘no more room for excuses’
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NewsThe FCA’s pricing policy changes could be ‘profound’
Abolishing ‘unethical price walking’ could encourage insurers to find ‘more innovative ways’ to ‘rip off’ customers
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IT InterviewChris Chatterton: Incoming OIC portal is ‘slightly past its sell by date’
Despite describing the motives behind the new portal for whiplash claims as ‘sensible’, handl Group’s chief commercial officer says ‘the vehicle we’ve been given is a bit unfortunate’
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NewsFCA publishes policy statement confirming price walking remedies
Law firm partner says the new rules to tackle price walking give the ‘FCA teeth to enforce the requirements against those companies who have been less willing to change’
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NewsAviva’s Q1 COR in GI improves to 90.8% for 2021
Alongside GI GWP improvements, selling eight non-core businesses outside of the UK, Ireland and Canada will generate cash proceeds of £7.5bn for Aviva, says Blanc
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NewsArdonagh Group to buy insurance operations from tech firm for $500m
The move will bring ‘two of the last remaining independent outfits of scale together to create the largest privately owned specialty broker in London’, says broker chief exec
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NewsAviva’s Colm Holmes to replace Allianz chief Jon Dye
Dye will leave the insurer in November after an 18-year tenure
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NewsFormer Zurich CFO launches turnkey solution business for ‘frustrated change-makers’
Insurance Times cuts the opening ribbon of Daniel Pender’s new venture, which aims to ‘to solve the problem that everyone’s been trying to solve’ in terms of bringing new products to market promptly
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NewsFour-fifths of FOS complaints in 2021’s Q1 relate to general insurance claims – Insurance DataLab
Claims complaints data is a ‘particularly important indicator’ of performance, says service co-founder
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NewsDoncaster-based broker faces £15m ransomware attack
The firm’s IT team responded by shutting off the company’s servers, however the investigation has yet to reveal if any customer data has been impacted by the attack
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NewsPace of broker consolidation is ‘a cause for concern’ – WTW Networks
Consolidators have been using the Covid-19 pandemic ‘as a bit of a lever to push people’ into considering selling up ‘sooner rather than later’, says regions MD
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NewsInsurers must prepare for bank holiday fire damage claims - Aviva
The insurer says that its payouts for domestic fire claims settled in 2020 amounted to £21,000 on average
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NewsThe Ardonagh Group improves group income by 24.8% in 2021’s Q1
Group chief executive says the broker has developed a ‘compelling proposition for individuals and companies that value independence, agility and scale’
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FeaturesBriefing: London market innovation is crucial for combating climate change
Risk prevention is a core component within the insurance sector, making insurers and brokers perfectly placed to steer the work around climate change
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NewsMajority of claimants still set to be represented by law firms or CMCs in new whiplash portal
Chief commercial officer questions ‘whether the hard yards of the last few years are really worth it’ if claimants fail to use the portal as Litigants in Person
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NewsThree-quarters believe insurance customer experience has stood still for five years – FintechOS
Using digital channels is ‘the only way to differentiate in a highly commoditised market’ says tech firm chief executive
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NewsShort-term risk management focus signifies corporate ‘perception gap’ – Marsh
Broker chief executive emphasises that ‘resiliency is a journey that organisations need to prioritise’
