All articles by Katie Scott – Page 53
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NewsAgeas records £52m operational free capital generation in UK for third quarter
The insurer said that product lines which are exposed to the fallout of the coronavirus pandemic are ‘limited’
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NewsOrient Express Supreme Court judges to hear FCA test case appeal
Legal experts state the choice of Supreme Court judges is ‘relevant’ and ‘interesting’
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NewsWillis Towers Watson buys climate change advisory business
The purchase will align with WTW’s focus on physical climate risks and resilience via its Climate and Resilience Hub
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FeaturesBriefing: Collaboration needs to continue post-pandemic for ‘adversarial’ personal injury sector
Despite insurance being fundamentally built on partnerships, the personal injury sphere has long been described as ‘adversarial’ – why has it been so hard to work together?
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News AnalysisBrokers react to consortium’s ‘strong bid for an iconic brand’ in potential RSA purchase
UK brokers believe RSA’s potential new owners should build on the insurer’s firm legacy foundations, while others in the industry say external ownership could prove positive
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NewsGallagher named as PI broker for public services supplier
The move aims to cement Gallagher’s desired position as the ‘broker of choice’ in the infrastructure sector
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News AnalysisFOS receives 68,735 new complaints between July and September
Payment protection insurance (PPI) remains the most complained about financial services product with 12,742 new complaints this quarter
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NewsPrivate equity firm and Singapore wealth fund to buy WTW’s Miller
The deal marks the first step in Cinven’s new financial services-focused strategy
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NewsFCA’s focus on fair value marks industry ‘step-change’
Industry experts say that the ‘status quo has to change’ and that the concept of fair value now needs to be embedded within organisational culture and business models
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NewsConnected car data can transform insurers into ‘guardian angels’
However, the sector still needs to forge affordable partnerships with vehicle manufacturers in order to use connected car data to improve the FNOL and claims experience
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IT InterviewMinster Law unveils digital claims portal to tackle customer apathy
Law firm boss emphasises that the legal sector needs to ‘come to the table with solutions’ to combat the personal injury market’s challenges
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NewsDelivering mobility as a service will require investment from insurers – QBE
QBE’s director of underwriting believes insurers are engaged with the mobility as a service journey in order to stay relevant and to influence road safety
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NewsMotor insurers should escape Covid-caused industry reputational damage - ABI
Industry experts debate why motor insurers should not be tarred with the same brush when it comes to consumer mistrust in the insurance sector as a result of unpaid Covid-related business interruption claims
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NewsPersonal injury sector 'laying down arms' amid Covid crisis - LV=
The insurer’s GI claims director explained that collaboration has trumped the traditional adversity that typically reigns within the personal injury sector
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NewsAverage motor claim cost in Ireland rose 4% between 2018 and 2019
Compensation for litigated settlements in Ireland averaged €46,214 between 2015 and 2019, with legal fees coming to €23,409 for these cases
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NewsCoventry-based broker closed by FCA
The regulator ordered the firm to cease carrying out regulated activities under a client money order
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NewsBrokers define hard market and struggling economy as their biggest concerns
Research by Aviva also signposts Brexit as the potential cause of an economic decline
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News‘Data-driven world of mobility’ can be ‘real power for good’ says MIB’s Clayden
Speaking at the ABI’s virtual motor conference, the MIB boss explained that insurers need to be ‘absolutely alive’ to the opportunities presented by data
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NewsBrightside sees EBITDA improvements in broking business
Placing IQED into run-off has impacted 2019’s financial figures, but the business’s broking activity is showing positive growth
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NewsFCA outlines key drivers of harm for Lloyd’s and London Market in new ‘Dear CEO’ letter
The letter, which is targeted at Lloyd’s and the London Market intermediaries and MGAs, provides an overview of the areas of focus within the regulator’s supervision strategy
