Latest News – Page 160
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NewsGlobal cyber insurance market predicted to reach £23bn GWP by 2027 – Morningstar DBRS
Credit ratings agency predicts that ‘technological advancements, changes in the regulatory landscape and the advent of innovative insurance products will shape the trajectory of the cyber insurance market’
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NewsInsurtech UK publishes pre-general election policy roadmap
’As we look ahead to a new government forming as soon as next week, now is the time to show the strength of our dynamic insurtech sector,’ says chief executive
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NewsMore brokers looking to support charities and communities
Brokers seek connections with local charities in order to give back to customers, improve their reputation and support talent attraction and retention, finds insurer research
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NewsAviva detected 39% surge in claim fraud across 2023
Motor injury claims accounted for 35% of all bogus claims, with the number of fraudulent injury claims declined for suspected fraud growing by 19%
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NewsNearly half of cyber professionals do not have the budget for adequate protection – Coalition
’The message coming across loud and clear is that the UK cyber insurance industry has to be better at engaging with clients,’ says UK head of insurance
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NewsInsurer hires ex-Axa XL broker manager for distribution role
’His experience, acumen and understanding of the market, combined with outstanding leadership skills, will help us drive momentum across Sompo’s business,’ says chief executive
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NewsSRG acquires schemes broker in first move following new investment
’Together, we are well-positioned to further support clients across the globe,’ says director
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NewsBroker CFO steps up to chief executive
’In a crowded market, our way of working gives us points of difference against our peers,’ says new chief executive
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NewsLMA strengthens market strategy with new appointments
’The new members bring a wealth of experience and commitment,’ says chief executive
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NewsInsurtech scaleup enters fresh fleet insurance partnership with Admiral Pioneer
’Our combined strengths will lead to safer roads and more efficient fleet operations across the UK,’ says chief executive
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NewsClimate challenge will place unprecedented pressure on insurance sector – Howden
’Insurance is the financial bedrock needed to derisk investments and attract the additional capital necessary to mobilise the climate transition,’ says climate risk chief executive
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News‘Huge’ growth in property fraud is ‘non-stop’ – DWF Law
In particular, ‘cannabis farms are a big issue’ concerning commercial and domestic properties, as well as suspicious escape of water claims
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NewsAI is a colleague, not a replacement – Aviva
’It is about sweating our assets – how can GAI get them to underwrite better and faster,’ says chief operating officer
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NewsEuropean private equity investor acquires Atec Group
’It is a ringing endorsement of the business we have successfully built and our future strategy,’ says chief executive
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NewsDLG appoints Aviva c-suite member as new group chief risk officer
The appointee joins DLG’s chief executive and chief financial officer in having made the switch from Aviva to DLG
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NewsChaucer c-suite changes continue with new group chief operating officer
The appointee’s ‘strong operational background’ will help to ensure the insurer maintains a ‘fully optimised operating model’, says group chief executive
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NewsCII seeking rising stars for talent development programme
This ’is an excellent opportunity for insurance professionals who have ideas and wish to spread their wings and influence the sector,’ says president
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NewsBrokers take aim at lack of capacity for non-standard business in MGA survey
’We hope to see a collective effort from all providers to better support brokers,’ says head of broker development and partnerships
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NewsBrokers promised seamless migration as NIG and FarmWeb policies move to RSA
The integration of 750 new staff following the acquisition has been a ‘huge success’, says distribution development director
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NewsHigh Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
