Latest News – Page 356
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NewsShift in claim trends creates demand for new talent in property insurance
Utilising educational institution career fairs and in-house development are key ways to attract new, younger talent to the sector
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NewsAxa’s P&C total revenue grows 5% in first nine months of 2021
The insurer’s quarter three financial update reveals commercial lines revenue growth of 7% in the nine months to 30 September 2021
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NewsAvid Insurance Services launches its first GAP insurance product
The product will ‘give retailers and customers much more confidence in GAP’ following years of unrated underwriting, says head of ancillary motor
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NewsAxa to launch €1.7bn share buyback programme
The insurer plans to cancel all repurchased shares
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NewsQBE signs three-year deal with rehabilitation services provider
The ‘market tender exercise is a great way for QBE to assess the rehabilitation providers in the market’, says the insurer’s rehabilitation manager
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NewsHome and motor insurance markets predicted to be loss-making in 2022 – EY
The professional services firm also believes insurers will need to increasingly focus on environmental, social and governance factors
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FeaturesRevealed: Who won at Insurance Times’ Technology and Innovation Awards 2021?
Find out who won at last night’s awards
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NewsMarkel boosts underwriting profits despite hurricane and flood hits
The biggest financial impacts for the insurer were natural catastrophes and the covid-19 pandemic
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NewsGranite Group agrees to buy Crewe-based telematics insurer
The deal aims ’to cater to increasing demand for motor usage-based insurance’ post-pandemic
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NewsAround 69% of customers use credit to pay for insurance – Premium Credit
Some who have used credit to pay for cover have not been able to claim on their insurance policy in the past five years
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NewsHastings Group reports £103m profit before tax in 2021’s Q3
Chief executive says the insurer is ‘well positioned to take advantage of upcoming market changes’ as it seeks to fulfil ambition of becoming ‘UK’s best and biggest digital insurance provider’
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NewsAxa’s new oil and gas policy has ‘derailed’ its net zero ambitions – Reclaim Finance
Despite introducing exclusions, the insurer has left a cover loophole, enabling it to continue insuring oil and gas expansions, says NGO
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NewsHSB signs acquisition deal with specialist construction group
The deal will ‘expand our core insurance offerings into the structural warranty arena’, says insurer managing director
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NewsGuidewire reveals analytics app suite to help insurers make better decisions
The suite of apps will help insurers make better decisions and address new and evolving market risks
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NewsGRP eyes further M&A amid soaring premium growth
During challenging times for the industry, ‘2021 has been a sea change for GRP’, says chief executive
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NewsHiscox has paid out 5,153 BI claims in first nine months of 2021
In his last quarterly trading statement as chief executive, Masojada describes the insurer as being in ‘good shape’
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NewsDaulby Read Insurance buys third Bravo Networks broker in 12 months
The deal is a ‘great tactical move’ to push the business forward in the agricultural market, says broker boss
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NewsAxa extends oil and gas exclusions in fight against climate change
The transformation needed to become a low carbon economy ‘can only happen by enabling companies from the energy sector to implement ambitious transition plans’, says insurer chief executive
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NewsFloodFlash expands relationship with reinsurer to strike capacity deal
Insurtech boss says the partnership will ‘set the standard for how underwriters and insurtechs can work together to address industry issues’
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NewsAllianz appoints new approved repairer network to focus on green parts and EVs
The insurer aims to achieve ‘a market-leading repair proposition and high customer satisfaction’ with its new bodyshop partners
