Latest News – Page 486
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FeaturesThe Briefing: MGA market – MGAs are a ‘powerful weapon for brokers’
Insurance Times speaks to Manchester Underwriting Management about current trends within the MGA market as well as the all-important broker-MGA relationship
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NewsAIG hires Lloyd’s veteran Jon Hancock in senior role
He also spent 26 years at RSA in an array of senior roles including managing director UK in commercial lines
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NewsInsurance sector begs MIB not to waste LiP portal deadline extension
The industry fears that amendments to the LiP portal are at the cost of consumer detriment
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News AnalysisHastings turns to pricing strategies as it seeks more profitable 2020
Earlier today the group revealed its full year financial results that saw claims inflation impact its loss ratio but customer retention was positive
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NewsSedgwick founder Robert Young dies at 83
Young grew the loss adjuster business from a small local company of 500 staff to 27,000 globally
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FeaturesRSA chief executive: UK and European business needs to ‘pull its weight’
The insurer’s chief executive confirmed that these regions have returned to profit at the end of 2019
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NewsTractable raises $25m with view to expand AI proposition worldwide
This brings the insurtechs funding total to $55m
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NewsHastings profits slump as claims inflation takes its toll
The company also saw its loss ratio deteriorate as it reported its annual results
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NewsInsurtech Aventus secures £2.6m investment round
The seven-month old business plans to expand its people development
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Online onlyDWIC 2020: Are African countries the new frontier for insurance?
With a rapidly expanding population and some of the fastest growing economies in the world, Africa could be a rich seam for insurers who make the right move
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Online onlyDWIC 2020: Industry mulls how to meet the needs of the global insurance consumer
Consumer Intelligence chief executive Ian Hughes opens DWIC 2020 with a look at the consumer of the future, and what is driving change in the insurance industry over the next five years
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NewsArron Banks reportedly among 1,600 hit by FCA data breach
The results of a freedom of information request was exposed
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NewsMGAs in line for Lloyd’s syndicate-in-a-box bids
Higher than expected number of bids to launch syndicates, Lloyd’s chief said
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NewsDirect Line axing 800 jobs amid digital transformation drive
The main losses will be from its Ipswich office which is closing in 2022
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NewsZego triples staff headcount in 12 months amid recruitment drive
It hopes to double its staff number again this year, it follows Nick Pester joining the insurtech
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NewsTwo-fifths would switch to telematics-based motor policy to save 30% on premiums
Data company reveals that uptake of telematics could flourish if premium discounts are evidenced
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NewsCompare the Market owner leads funding round for insurtech Digital Risks
The funding has been raised to develop the insurtech’s technology and drive its expansion
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NewsMarsh hires new global head of aviation
Garrett Hanrahan will succeed Simon Harker, who is retiring after a 44-year career
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FeaturesReal-time data set to inform menuisation-based products, but can this deliver premium savings?
The use of real-time data and the potential menuisation of insurance premiums is on the horizon, however is this an industry asset or a gimmick?
