All articles by Katie Scott – Page 46
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IT InterviewHard market is ‘biggest opportunity we have’ – McGill and Partners
The broker’s head of structured solutions admits that he lives ‘on tension and strain in the market’ in order to drive product innovation
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News AnalysisHowden Group puts ‘a new clank in that whole model’ by backing Dual with capital
Chief executive David Howden says Dual ‘as a business is absolutely of the moment’ and is now ‘in quite a unique position’ following internal capacity investment
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NewsIrish High Court rules against insurer FBD in Covid-linked BI claims case
The ruling could impact claims made by around 1,000 Irish pubs and restaurants
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NewsMPs to launch inquiry into LV= potential takeover
The All-Party Parliamentary Group for Mutuals are ‘concerned’ about how the proposed sale could affect ‘LV= members, the insurance industry and competition and choice in financial services’
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NewsMotor injury claims fall by 23% year-on-year due to Covid-19
Overall, claims fell by 47% last year across motor, employers’ liability, public liability and clinical negligence claims
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IT InterviewInsurance industry’s resilience has made it ‘attractive to capital’ and open to ‘more consolidation’
Howden Group’s chief executive describes the lay of the land when it comes to M&A activity and highlights his business’s approach to acquisitions
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FeaturesBriefing: Risk registers need a revamp to be ready for a working world post-Covid-19
Insurance needs to play a bigger role in responding to risk flexibly moving forward
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NewsHome insurers will benefit from pandemic claims trends in 2021 – Fitch Ratings
However, credit rating agency director believes ‘the pricing environment in the household sector’ will ‘remain weak’
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NewsInsurance sector is in ‘a digital arms race’ – Salesforce
The industry needs to get better at using data for cross-selling and upselling opportunities, according to expert panel
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NewsApollo Syndicate Management appoints new group chief operating officer
The new hire has served tenures at both Lloyd’s and HSBC
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FeaturesGreater data analytics gives FCA ‘finger on the pulse’ of GI market
Insurance Times explores what the FCA’s increased use of data analytics could mean for brokers and insurers as the regulator learns more about the firms it supervises
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IT InterviewA-Plan deal enables Howden Group to be a ‘real UK broking powerhouse’
Chief executive David Howden tells Insurance Times how the broking firm plans to become ‘the preeminent UK retail business’ following the successful completion of the acquisition, expected this month
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NewsMotor claims costs predicted to rise due to complex repairs – Fitch Ratings
The ‘one-off benefit’ from reduced claims frequency in 2020 may continue for the first half of this year too, however it won’t be as large as last year
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NewsCovid recession could lead to direct claims against insurers under Third Parties Act
Law firm solicitor emphasises that ‘there is potential for increased claims’ against insurers if their policyholders become insolvent
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News2021 set to be ‘less profitable’ year for insurers – Fitch Ratings
Credit ratings agency identifies the key factors that are contributing to market outlooks in the UK
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NewsIrish regulator fines commercial retail broker €41,385 for overcharging customers
The broker’s fine also covers the fact that it issued unclear communications regarding fees
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NewsGovernment launches consultation to amend Flood Re scheme
Under the proposals, claims payouts will include additional funds to help policyholders ‘build back better’ following flood damage
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FeaturesLondon Market is ‘less competitive than it should be’ – Founder Shield
New York-based broker says the London Market ‘is showing a lack of agility’ and that ‘fewer opportunities will come’ to the capital unless it starts ‘taking more bets with slightly longer odds’
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NewsFCA fair pricing report will ‘reduce profitability’ for insurers – Fitch Ratings
Furthermore, the home insurance market will be more affected than motor insurance as around ‘80% of premiums comes from renewal business’
