All articles by Matt Scott – Page 2
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NewsAnalysis: Price is king but data holds the key
Data holds the key to setting the right price, and price is the key to getting customers
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NewsAnalysis: Most recommended insurer rankings revealed
Premium content: The most recommended insurer rankings show traditional insurers being supplanted by new players
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NewsAnalysis: Biba urges CMA probe into aggregator conflicts
Premium content: Biba urges CMA probe into potential insurer-owned aggregator conflicts of interest
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NewsAnalysis: Whiplash claims costs continue to rise
Whiplash claims costs continue to rise even as the volume of personal injury claims through the Ministry of Justice portal declines
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Online onlyBriefing: The discount rate change has gone too far
Insurers have been aware of the discount rate change for years, but today’s announcement has shocked and perplexed the industry with its severity, says Matt Scott
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NewsHow brokers can combat the direct SME threat
Premium content: The SME market provides enormous opportunities for brokers who innovate and offer greater customer focus
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NewsTop 50 Insurers: Reserve releases at all time high
Insurers continue to benefit from big prior-year releases despite fears of a decline but underlying profitability is deteriorating
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NewsTop 50 Insurers: Two lines in profit - but for how long?
Commercial liability joins property in underwriting profit territory but property worsens and motor remains troublesome
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NewsTop 50 Insurers 2016: Signs of trouble ahead
Industry reports profitable COR for second year running, but pre-tax profit falls and investment income takes a tumble
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NewsAnalysis: Hastings tops league of fastest growing motor insurers
Hastings is the fastest growing motor insurance brand, according to the latest research from Consumer Intelligence, growing its market share at renewal by 0.8 percentage points over the last six months. This means that Hastings now has a post-renewal market share of 6.3%, compared to just ...
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NewsAnalysis: The death of the brand in motor insurance
Motor insurers are becoming increasingly likely to shop at around at renewal, according to the latest data from Consumer Intelligence, with 83.1% of consumers seeking alternative quotes when their policy came up for renewal between December 2015 and February 2016. This is 3.4 percentage points higher ...
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NewsAnalysis: Cost cutting hits motor claims satisfaction scores
Cost cutting is taking its toll on claims satisfaction as motor insurers fight to stay afloat in a highly competitive market. That’s the latest findings of research from Consumer Intelligence, published exclusively by Insurance Times, that revealed the industry’s claims satisfaction score has fallen to 8.1 ...
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Online onlyNew entrants put pressure on cost of home cover
The price of home insurance has fallen as competition grows in the market, while over 50s’ growing confidence in buying on comparison websites is also having an effect
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FeaturesInsurers looking to be van man’s best friend
With the price of van insurance soaring nearly 10% in the past year, some insurers see an opportunity for telematics and cross-selling in this neglected market
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AgendaPRA Returns: Personal lines remain healthy for insurers – for now
Seven insurers analysed reported an average combined operating ratio of 99.7% for 2015
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AgendaPRA Returns: Aviva top household performer
Aviva reported the best performance of the seven insurers analysed in 2015 for household insurance, with a 93% overall COR. This is despite reserve strengthening adding one percentage point to its current year COR of 92.1%. RSA and Direct Line Group were the only other two ...
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Online onlyPRA Returns: DLG best performer in personal motor
Motor was once again the worst performing personal business line, with all but two of the insurers falling to an underwriting loss in 2015. On aggregate, the seven insurers studied reported an overall COR of 102.4%, despite reserve releases improving the current year COR by 14 ...
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Online onlyAgeas was top commercial liability insurer in 2015
Ageas reported a highly profitable COR of 79.2% for its liability book in 2015, after reserve releases added 17.1 points. Direct Line Group was the only other insurer analysed to report a 2015 underwriting profit for its commercial liability book with significant reserve releases knocking 46.6 ...
