News Analysis – Page 12
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News AnalysisBriefing: Industry has taken its eye off the travel insurance ball
Consumers assume a high level of understanding around travel insurance, however FOS data suggests that brokers still have vital work to do to bridge the knowledge gap and ensure clients are covered for all holiday eventualities
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News AnalysisWhat are the best performing business lines in UKGI?
Insurance DataLab reveals exclusive analysis of the five largest business lines in UK general insurance, detailing which products are currently the most profitable
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IT InterviewMike Keating: MGAs must ‘maintain rating discipline and not chase market share in a softening rate environment’
Insurance Times quizzes Managing General Agents’ Association chief executive Mike Keating on the trade body’s latest conference, deepening broker and MGA partnerships and predictions for the MGA market this year
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News AnalysisBriefing: Insurers looking for clarity in a regulatory climate of change
The ‘onslaught of climate regulations’ could lead ‘to less disclosure and more green hushing’, says risk management association
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News Analysis‘Calmer waters’ for reinsurance in 2024 signals innovation opportunity
However, no new startups appear to be taking advantage of ‘gradual softening’ market conditions and some reinsurers are described by primary firms as ‘opportunistic’ in their bid for growth
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News AnalysisTechTalk: Crypto stock market crash could burst AI bubble for insurtechs
’The downturn in the crypto markets signals a period of heightened caution and strategic reassessment’, says chief operating officer
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IT InterviewMark Lomas: ‘Broader’ perspectives needed to address ‘complex’ risk landscape
Lloyd’s head of culture talks about the importance of inclusion in an effective insurance market ahead of this year’s Dive In festival
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IT InterviewJames Slaughter: Apollo’s CUO on the importance of vision and a ‘gin and tonic document’
’This sector is a fabulous industry, but fraught with unsolved problems,’ says chief underwriting officer
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News AnalysisIn Focus: How can cyber insurance adapt to address risks across other lines of business?
With the rise of sophisticated cyber threats infiltrating a myriad of insurance classes, how can cyber insurance adapt to effectively address risks across various lines of business?
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News AnalysisBriefing: Rampant regulation poses threat to D&O claim volume
Brokers must support company directors to ensure they are not ‘left to their own devices’ around incoming regulation, as implementation uncertainty can cause D&O claims
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News AnalysisBriefing: Why the Crowdstrike IT outage is a ‘wake up call’ for the insurance industry
’The losses we saw for Crowdstrike are not even close to the losses for a cloud outage,’ says chief executive
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News AnalysisRise in litigation funding puts insurers on high alert
Litigation funding has the potential to ‘drive bad claims further than they should go’, warns law firm partner
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News AnalysisUptick in fraudulent tinnitus claims is ‘an inherent, major issue’ for motor insurers
With tinnitus injuries attracting anything up to £90,000 in claim payouts, squashing fraud in this area is vitally important in protecting both policyholder and insurer purse strings
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IT InterviewRob Corner: Dual targets organic and acquisitional growth in upcoming 12 months
Chief distribution officer at Dual UK, Rob Corner, explains what brokers can expect from the MGA in the coming year, as well as outlines key trends impacting the MGA market
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IT InterviewJo Musselle: Hiscox targets ‘new distribution deals’ with brokers as part of ‘omnichannel’ strategy
Market-wide appetite ‘to trade more in a digital way’ sees insurer commit to roll out high net worth proposition on eTrade extranet by year-end, says chief underwriting officer
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News AnalysisBriefing: A taxing time for the industry as the government looks to funding conundrum
As the new government looks to raise money, could IPT be a target for increased rates?
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IT InterviewRamesh Singh: ‘Watch this space’ as Aviva bolsters financial lines with new talent
The industry should ‘watch this space’ for developments in financial lines, says underwriting director
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News AnalysisBriefing: Discount rate may be first true indicator of insurers’ relationship with new government
Personal injury discount rate review could be telling for market participants amid Labour’s ambitions to reduce premium costs
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IT InterviewChris Hall: QuestGates’ new investment will accelerate growth plans
’With this new investment, we can be just a little bit more ambitious and a little bit quicker, while still being conservative,’ says chief executive
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News AnalysisIndustry grapples with ‘scalability challenge’ around generative AI
While many insurers and brokers are dipping their toes into the waters of generative artificial intelligence, the line between experimentation and successfully scaled use cases is blurred
