Latest News – Page 267
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AnalysisInsurers brace for claims as Storm Eunice batters UK
UK insurers put surge plans in place ahead of Storm Eunice hitting last week, but commentators agree that improved infrastructure resilience is the long-term answer as extreme weather events are on the up
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NewsConsumers want more communications and usage-based policies from insurance firms
The majority of consumers surveyed want to hear more about the status of their claims from insurers
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NewsStorm Eunice rips London O2 Arena’s roof off
The landmark’s roof is regularly used by the general public for scaling and abseiling
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NewsAllianz Group’s UK revenue up 2% year-on-year despite Covid-driven peaks and troughs
The financial results show the importance of ‘having a balanced portfolio of business’ across both personal and commercial lines, says UK chief executive
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NewsBroker and MGA Yutree hits £10m GWP in first decade of business
Backing two Biba schemes and boosting its presence in the media and entertainment sector were both key in helping the firm hit this milestone
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NewsMarmalade adds Ageas UK to black box insurer panel
While the current economic climate drives up motor insurance demand, the deal aims to ensure ‘more comprehensive and cost effective policies for young drivers insuring their own car’, says chief executive
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NewsAxa Commercial futureproofs motor fleet offering with EV edits
EV sales increased by 76% between 2020 and 2021, according to the insurer
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NewsInsurtech UK reveals new associate members and partners for 2022
This year, the trade association is aiming to launch its own membership news platform
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NewsFormer Allianz boss Jon Dye to join Hiscox UK as new chief executive
Dye confesses he has ‘admired Hiscox for many years’ and is looking forward to being part of the insurer’s ‘next chapter’
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NewsPartners& supercharges employee benefits proposition with two partnerships
The broker’s chief executive says ’employers need to ensure their employees are happy and healthy in their jobs’
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NewsSynetiq signs green parts contract with personal lines insurer
The ‘significant’ expansion of the firms’ partnership ‘underlines the importance of working together to drive cost savings and reduce emissions’, says chief executive
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NewsDevon-based broker no longer trading after compulsory liquidation
The broker breached the regulator’s Principle 11
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NewsCycle insurer Bikmo launches new bike shop insurance
The product aims to relieve the ‘uphill grind’ experienced by cycle retailers in finding ‘a comfortable insurance fit’, says commercial insurance manager
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NewsComparetheMarket names storms as most common weather damage claim
There is a policyholder knowledge gap about the risk of local flooding, the aggregator reports
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NewsAxa UK and Ireland acquires renewal rights to Ageas UK’s commercial business
The deal aims to ‘further cement’ Axa’s commitment to the SME and schemes market segments, says chief executive
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NewsBrokers are ‘more relevant than ever’ post-pandemic
Self-service platforms are applicable ’at different points of the buying cycle for different types of brokers,’ says software company chief revenue officer
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NewsMGA Atrium Underwriters sees £38m boost in 2021 underwriting profit
The business also saw a big jump in total comprehensive income, despite natural catastrophes ‘making it one of the costliest years on record’, says chief executive
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NewsCurbing etrading referral delays requires brokers to understand insurers’ risk appetite
Live chat facilities and developing new capabilities in broker management systems will also help relieve referral build up
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NewsHigh Court still to determine damages following Marshmallow and Mulsanne judgment
The judge ruled that ’Marshmallow was conscientiously trying to avoid the use of Mulsanne material’ despite insurer’s trade secret theft claim
