Latest News – Page 318
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NewsConsumers increasingly seeking out usage-based motor insurance – BrokerFest 2022
Both the pandemic and cost-of-living crisis have triggered a shift in consumers’ needs for car cover, say expert panel
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NewsCII names top technological trends in claims
Small claims are likely to be automated but this could impact customer satisfaction scores
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NewsTravel insurance signposting review delayed by FCA
The regulator said that the impact of the Covid-19 pandemic would ‘undermine’ its ability to draw firm conclusions
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NewsZurich Municipal and Previsico ink deal to boost UK public sector flood resilience
Surface flood water makes up nearly 60% of UK flood risk, but is not currently covered by Environment Agency warnings
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NewsThe Clear Group announces ProAktive acquisition
The purchase will ’enhance’ the independent’s proposition, says executive chairman
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NewsCyber insurance cost rises represent a correction towards ‘more sustainable premiums’ – BrokerFest 2022
The importance of cyber essentials and protecting your supply chain has never been more apparent, say expert panel
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NewsProliferation of electric vehicles is impacting claims costs – BrokerFest 2022
Pinched supply chains and disruption have caused significant increases in the cost of complex motor claims
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NewsPreventative measures key in facing Russia-Ukraine cyber threats – BrokerFest2022
An expert panel at BrokerFest2022 last week discussed why prevention is key in uncertain times
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NewsSolar storms could cause BI and data loss claims
The burgeoning space sector could present additional risks for insurers, says Swiss Re
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NewsPCWs have ‘moral responsibility to support fair value’, but they must take ‘huge risk’ to stand out
Insurers have also had a slow start in undertaking fair value assessments, which will have a knock-on effect on brokers’ workloads, says compliance expert
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NewsInstanda raises $45m in funding to expand geographical reach
The UK-based technology platform hopes to expand into territories such as Europe, the US and Japan
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NewsTara Foley: Reimagining the future of insurance to be ‘personalised’
Axa Retail chief executive discusses the opportunities around data and the direction of future insurance policies
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NewsAgeas appoints head of standard motor from Aviva
The new hire’s ‘wealth of insight’ means he is the ‘the perfect fit’ for the insurer, says its director of personal lines underwriting and pricing
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News‘Fundamental gaps’ exist in insurance for systemic risks – BrokerFest 2022
Segmenting and compartmentalising cover could present a solution, however
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NewsAre brokers prepared for the push to net zero? – BrokerFest 2022
A change in insurers’ risk acceptance factors should make brokers rethink their clients in high emissions sectors, says chief underwriting officer
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NewsBrokers must look to their business models to combat costs of regulation
Compliance expert explains that ‘a lot of brokers don’t understand the value of their time’
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NewsAxa Retail boss relays future success strategy – BrokerFest2022
There is much to be learned from big tech players like Google and Amazon, she says
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NewsM&A activity in the MGA market is not fuelled by private equity – MUM
Plus, data is becoming increasingly important as it provides ’some real insight into your numbers’, which insurers want, says chief executive
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NewsPIB Group boosts European footprint with commercial broker buy
The new team brings ‘decades of experience in the construction and transport sectors’ to the group, says chief executive
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NewsBruce Carnegie-Brown named Lloyd’s of London chairman for another term
’There remains a great deal’ to do across the market, he says
