Latest News – Page 276
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NewsDigital M&A marketplace insurtech launches in the UK
The insurtech aims to serve underserved and uninsured SMEs, which its co-founder says are ’the lifeblood of the UK economy’
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NewsJustice Committee requests evidence on impact of whiplash reform
The parliamentary committee wants to investigate the impact of governmental reforms
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NewsNew motor trade broker to launch
The Redditch-based firm wants to achieve between £1.2m and £1.5m gross written premium in its first year of operation
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NewsTelematics allows consumers to take an ‘active part’ in their risk profile – Redtail Telematics
The positive environmental impact of the technology can also help sell the concept to consumers, says chief executive
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NewsIsle of Man Financial Services Authority set to launch new innovation hub
The regulator thought the hub would be a ’nice way to formalise the relationship’ with insurtechs on the Isle of Man
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NewsRisk managers note concerns over sensitive data stored by cyber insurers
Cyber underwriter CFC is adamant that it protects client data to a sufficient degree, however
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NewsPRA to consult on new rules to support struggling insurers
The regulator’s aim is to clarify the support available to insurers when they hit financial difficulty
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NewsReinsurers’ retreat leaves marine underwriters to sail alone in a sea of rising risks
Marine insurance trade association confirms the sector ‘has much work ahead’ if it wants to keep pace with ongoing challenges
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NewsFirms must brace for cyber threats as working from home compounds risk – Aon
A global shortage of cyber security skills is projected to continue in the next three years, according to the broker
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NewsArdonagh Advisory aims to create ‘revolution’ in network model with data and tech-enabled tool
The firm wants to ‘level the playing field’ for small and medium-sized brokers by providing greater access to different insurance markets and ‘getting service out of insurers’
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NewsNew deputy chair revealed at Council of Lloyd’s
The new appointee has set his sights on developing the marketplace’s strategic priorities
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NewsAston Lark swoops to bolster London market growth
The appeal of the acquisition was the broker’s personal service focus and loyal customers, says group chief executive
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NewsZurich UK’s P&C business posts COR of 95.5% for 2022
This figure represents a ‘robust performance given market conditions’, says the insurer
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NewsConsumers with mental health conditions penalised when seeking insurance
Money and Mental Health Policy Institute has called on the FCA to stop firms from making pricing decisions ‘behind locked doors’
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NewsTractable and Verisk partner to reduce property damage claim settlement times
The duo hopes to support insurers in the face of ‘ever changing climate woes’
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NewsClose Brothers Premium Finance appoints top boss for UK and Ireland
The firm has also hired a new managing director to succeed Kemple, who has ‘market savviness and deep understanding of the broking environment’, says chief executive
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NewsProperty and cyber markets must get on same page to prevent cover ‘gap’ for cyber-related physical losses
Confusion around cyber exclusions may have stemmed from Lloyd’s clampdown on clearly defining physical and intangible risks
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NewsTicker launches driving convictions insurance product
Drivers with convictions often have problems securing cover and this product aims to plug the gap
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NewsAxa XL reveals three-year sustainability strategy
The insurer hopes to improve ESG resilience among its customers with increased awareness of biodiversity risks
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NewsInsurance Times reveals headline results from 2023’s Five Star Rating Report: Commercial and Personal Lines
The results from Insurance Times’ Five Star Rating Report: Commercial and Personal Lines 2023 are now available - how have UKGI brokers rated commercial and personal lines insurers this year?
