News Analysis – Page 11
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News AnalysisBriefing: As Aviva completes DLG takeover, is more personal lines market consolidation on the cards?
The personal lines market is hotting up, with big players looking at acquisitions in this area
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News AnalysisScheme brokers see double digit year-on-year commission growth – but momentum slows
Commission growth may be up year-on-year for major scheme classes, but this momentum has slowed and even reversed for some lines
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News AnalysisThe talent shortage is a ‘vicious cycle’ for loss adjusters
Loss adjusting talent crunch can have direct repercussions on claims processes – but what are the key challenges and how is the market looking to address them?
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News AnalysisWhat 30 years of DVLA data reveals about the changing face of UK roads
Ever busier roads, electric and hybrid vehicles, self-driving technology and ageing vehicle fleets have all played a part in changing the composition of UK roads – and insurers must pay careful attention in order to remain in control of a dynamic market
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News AnalysisIn Focus: Underwriting is the lifeblood of MGAs, but claims service must not be ignored
’Most MGAs aren’t huge and haven’t really got the infrastructure to manage claims. They’re focused on underwriting, so partnering with TPAs is critical to not having to worry about managing claims,’ says underwriting development manager
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News AnalysisBriefing: Is the AI hype cycle now approaching its ‘slope of enlightenment’?
A focus on the practical upside of AI technology from UK insurance firms seems to indicate that the level of maturity around the technology has increased
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News AnalysisThe risks and rewards of hyper-personalised insurance models
High quality data enrichment and AI supported risk assessments are leading to the hyper-personalisation of insurance, bringing a suite of pros and cons for industry professionals to navigate
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AnalysisRevealed – the best and worst gender pay gaps at UK brokers
Insurance Times reveals the gender pay gaps at the biggest brokers listed within its annual Top 50 Brokers report
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News AnalysisBriefing: Data without direction is just noise
Data collection must be driven by a purpose, to solve a set problem – otherwise, unintended consequences could cause issues for insurers
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News AnalysisDigital transformation – small steps, big strides
Brokers don’t need a big bang to begin their digital transformation. By focusing on incremental progress and avoiding common pitfalls, they can start delivering meaningful change today
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AnalysisIn Focus: Are brokers relying too heavily on MGAs to place niche risks and is this impacting market competitiveness?
The rise of MGAs has transformed the broker landscape over the past decade, with a Prestige Underwriting survey revealing that 42% of brokers turn to MGAs as their first port of call for placing non-standard risks. But what are the implications of a potential shift into overreliance on MGAs and ...
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NewsThree UK insurers earn spot on prestigious best workplaces list
Firms on the list were rated by their employees as supportive of personal and professional growth
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News AnalysisBriefing: Underinsurance and the holes in our customers' safety net
Brokers and insurers must take note of the times and keep clients informed about the dangers of not being fully covered
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IT InterviewTrey Norman: Love Islander returns to insurance with a bombshell on the talent gap
’I don’t think we’ve got that flagship person doing the real hard yards – going into schools, doing forums and Q&As,’ says commercial executive
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News AnalysisBriefing: What does Applied Epic’s UK exit mean for competition?
Applied Systems announced last week that it would withdraw Epic from the UK after conducting a strategic review
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News AnalysisInsurers gearing up for changing motor trends
Increasing demand for motor insurance policies that cater towards flexible driving is fomenting market adaptation – but is this just a flash in the pan, or a longer-term trend?
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News AnalysisTechTalk: When AI acts alone, who is to blame? Insurers confront the unthinkable
‘AI is beginning to have motivation of its own – that’s a different kind of risk,’ said senior law firm partner
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News AnalysisThe Big Question: What steps should UKGI take to inspire young people to embrace a career in insurance?
Senior leaders across the sector argue that insurance must be reimagined and rebranded for young people – not as a monolithic industry of admin and jargon, but as a dynamic, meaningful and diverse career landscape
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News AnalysisYoung people are ‘looking for a commitment’ to a diversified insurance industry
‘We need to tell our stories better. Too many young women don’t see themselves in this industry because they don’t see people like them in leadership roles,’ says director
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News AnalysisSector must take counter fraud messaging and education ‘to another level’
Much more work is needed to truly educate the public on the dangers of insurance fraud – and Fraud Charter attendees agreed that this had to be collaborative
