All articles by Katie Scott – Page 43
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NewsEx-Aviva boss’s insurtech primed for first acquisition
The business aims to disrupt the motor insurance market
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NewsDirect Line Group sees dip in year-end financials for 2020
The firm’s chief executive adds that DLG has ambitions to be ‘a tech and data driven insurance company’
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NewsPIB Group buys Staffordshire-based broker
The new addition plans to make use of the ‘extra leverage and product base that being part of PIB will provide’
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NewsPaying cyber ransom threats is to ensure customer survival says expert panel
Although a ‘contentious area’, industry leaders said cyber insurers that pay customers’ ransom payments are simply aiming to make ‘sure our customers survive after a particularly unpleasant incident’
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NewsZurich promotes new commercial insurance chief executive
The insurer’s former chief executive of commercial insurance is leaving the business to pursue other opportunities
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NewsAston Lark confirms third acquisition this week with Bristol broker purchase
Group chief executive says he is ‘excited about further expanding our presence in the South West’
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FeaturesBriefing: Will cyber insurance be the casualty of the next ‘black swan’ event?
The issues surrounding business interruption cover linked to pandemic-caused claims hit insurers and hit them hard. It’s only natural, therefore, to want to look ahead to other products that may follow the same trajectory if another black swan event arises - and cyber insurance has “certain parallels” according to the ...
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News AnalysisAdmiral Group expects to be ‘less impacted’ by FCA’s fair pricing reform
The company’s chief financial officer further identified price comparison websites (PCWs) as an ‘important distribution channel for us’, while new group chief executive Milena Mondini de Focatiis celebrated the insurer’s premium refund initiative, describing it as ‘a bit unique in the market’
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NewsAdmiral Group improves profit before tax by 20% in 2020
The past year acted as a ‘litmus test’ for the business, said group chief executive, allowing the insurer to demonstrate ‘strong operational resilience and agility’
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FeaturesIn Focus: What challenges will insurtechs face in 2021?
Last year rocked the insurtech industry, as it did the whole insurance sector, due to the Covid-19 pandemic. But what does 2021 hold for this part of the market and what challenges will need to be addressed? Industry experts share their perspectives…
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NewsHiscox records loss before tax of $268.5m in 2020 due to Covid impact
The insurer has reserved a total $475m to cover the costs of the pandemic as profits plummet – chief executive labels last year’s performance as ‘not satisfactory’
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NewsCII flags four areas of reputation risk for brokers
The trade body’s Society of Insurance Broking says that ‘improving the reputation of the insurance sector is a key priority’ if professionals want to boost customer trust in the sector
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News AnalysisBI test case was ‘a difficult moment during the year for RSA’ says UK boss
The insurer’s chief executive for UK and international business admitted that ‘there’s work to be done in 2021’ around business interruption coverage and reputational repair
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NewsAston Lark buys independent Scottish broker
The deal marks Aston Lark’s expansion ambitions in Scotland
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News AnalysisReform ban on pre-medical offers could lead to arrangements that aren’t ‘in the spirit of the rules’
As the government confirms that pre-medical offers will not be allowed for whiplash injuries after 31 May, Insurance Times explores how insurers may seek to circumvent this
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News AnalysisRSA’s UK&I business ‘is absolutely on track’ despite being ‘heavily impacted by Covid’
Chief executive Scott Egan says he is ‘really excited’ by RSA’s acquisition and that broker partnerships are ‘key to our success’
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NewsAviva aims to have net zero carbon emissions by 2040
Industry commentators say the insurer has gone ‘above and beyond its peers’ to tackle the climate crisis as it commits to stop underwriting companies that make part of its revenue from coal
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News‘Doing nothing is not an option’ following BI test case says ABI’s Huw Evans
The director general admitted that communications to company owners regarding their business interruption coverage was ‘too harsh and too insensitive’ early on in the Covid-19 pandemic, and that cyber insurance is the next coverage insurers and brokers need to keep an eye on
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NewsWhiplash reform regulation to come into force from 31 May
However, some industry commentators believe ‘we’re still only half-way there on whiplash’ and that ‘none of this actually helps anyone to work out how to set up and process a whiplash claim’
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NewsRSA reports £166m hit from Covid-19 for 2020
The insurer paid out £259m in group-wide claims costs pertaining to the coronavirus pandemic
