All articles by Katie Scott – Page 7
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IT InterviewGeorges de Macedo: Chief exec promotes five pillar plan to keep Covéa Insurance in the black
Covéa Group sends Frenchman across the Channel to spearhead British business because ‘the situation in the UK required some action’
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NewsZurich Municipal expands online self-serve quote journey to improve product take up
The insurer is also ‘open to exploring’ more opportunities with broker partners, says head of digital trading and partnerships
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News AnalysisOpinion: Is the new Labour government getting serious about insurance fraud?
Editor Katie Scott questions whether the new administration is making insurance fraud a priority, building on the foundations left behind by the Conservative party
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NewsThe Top 50 Insurers 2024 digital edition is now live
The exclusive ranking of UK regulated general insurers and Lloyd’s syndicates is now available – where has your firm placed this year?
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IT InterviewJon Dye: Hiscox is third of way through ‘strategy for profitable growth’
UK chief executive flags ‘really good energy’ at the specialist insurer as it targets retail growth ‘between 5% and 15% at the right level of profit’ over four-year strategy duration
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IT InterviewMartin Schultheiss: Uinsure actions ‘really high growth strategy’ following PE investment
A ‘suits and trainers’ organisational culture that embraces the ‘right talent’ is the ‘magic sauce’ underpinning insurtech’s comprehensive growth strategy, says group managing director
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NewsZurich evolves net zero plan to better support global economy’s transition journey
The insurer’s four pillar road map includes insurance-related targets that will see the firm engage with heavy emission customers to support net zero transitions
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News AnalysisOpinion: Are the days of generalist UKGI firms numbered?
Editor Katie Scott discusses the overarching structure of the UKGI market, commenting on the continued industry-wide drive to be increasingly ‘more specialist’
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NewsHiscox’s Dye sidesteps takeover talk by emphasising insurer’s ‘brilliant organic growth story’
The specialist insurer was the subject of acquisition speculation in July 2024
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NewsLloyd’s reports ‘best interim result since 2007’ for 2024’s H1 with COR of 83.7%
Chief executive attributes balance sheet growth to ‘disciplined underwriting, smart organic growth and real strength in the Lloyd’s balance sheet’
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NewsHiscox’s London market arm targets ‘underwriting discipline’ to ‘grow profitably’ amid ‘microcycles’
Insurer’s chief underwriting officer expects second half growth for this area of the business after experiencing insurance contract written premium dip in 2024’s H1
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News AnalysisBriefing: Schools, charities and public sector sees ‘more frequent’ cyber attacks in 2024
Cyber criminals seeking personal data phishing and ransomware opportunities are looking at tightly resourced schools, charities and public sector firms as targets
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IT InterviewJason Storah: Insurance must be ‘more deliberate’ in ‘attracting and fostering talent’
Aviva seeks to collaborate with brokers on ‘really valuable’ talent attraction, alongside continuing to invest in measures designed to bolster brokers’ businesses and cement working partnerships
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News Analysis‘Calmer waters’ for reinsurance in 2024 signals innovation opportunity
However, no new startups appear to be taking advantage of ‘gradual softening’ market conditions and some reinsurers are described by primary firms as ‘opportunistic’ in their bid for growth
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NewsAviva will ‘focus on long-term, consistent, stable pricing’ rather than ‘chase short-term blips’
Despite acknowledging that home insurance needs ‘more rate’, insurer’s UKGI boss plans to ‘maintain pricing discipline’ and avoid reacting to ‘short-term choppiness’ in rate movements
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News AnalysisBriefing: Rampant regulation poses threat to D&O claim volume
Brokers must support company directors to ensure they are not ‘left to their own devices’ around incoming regulation, as implementation uncertainty can cause D&O claims
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NewsAviva spies ‘accretive growth opportunities’ through ‘dual stamp authority’ approach with Probitas
UKGI chief executive says the insurer is ‘more excited’ about its latest purchase now than it was when the acquisition was first announced in March 2024
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News AnalysisUptick in fraudulent tinnitus claims is ‘an inherent, major issue’ for motor insurers
With tinnitus injuries attracting anything up to £90,000 in claim payouts, squashing fraud in this area is vitally important in protecting both policyholder and insurer purse strings
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IT InterviewJo Musselle: Hiscox targets ‘new distribution deals’ with brokers as part of ‘omnichannel’ strategy
Market-wide appetite ‘to trade more in a digital way’ sees insurer commit to roll out high net worth proposition on eTrade extranet by year-end, says chief underwriting officer
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NewsAllianz UK reports discounted COR of 94.6% for 2024’s H1
Amid year-on-year operating profit growth of 55%, chief executive promises ‘much more is yet to come’ from the insurer
