News Analysis – Page 136
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NewsBriefing: Charting the changes in the Top 50 Brokers
The most comprehensive and insightful analysis of the UK general insurance broking industry, the Insurance Times Top 50 Brokers 2016, highlights the standout performances of the past year
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NewsWhat's going on in the world of insurance
Insurance stories from around the globe. Insurance payouts for April’s earthquakes in southern Japan have so far reached ¥123bn, making it the second-largest earthquake loss after the ¥1.27trln paid out for the 2011 tsunami, the General Insurance Association of Japan said. The total is expected ...
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NewsAnalysis: New law to reveal insurance's gender pay gap
The UK Gender Pay Reporting Regulations will force insurers to publish pay information by gender, making public any disparities in pay and confirming a lack of women in senior roles, our sister publication StrategicRISK reports
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NewsEU passporting - a Brexit guide
Passporting rights allow financial services firms like insurance companies to operate across borders in the European Economic Area – that includes the European Union and non-EU countries that agree to comply with key elements of the EU Single Market, like free movement of labour. Depending on ...
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NewsQ&A: All people can be innovative, says TMK's Tom Hoad
Tokio Marine Kiln head of innovation Tom Hoad on creativity in insurance
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NewsAnalysis: Insurance Act could be boon for brokers
Brokers not fully prepared for today’s introduction of the Insurance Act
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Online onlyHow JLT took on Marsh and Aon in Australia
The story of how JLT made a foray into the corporate space in Australia and won clients from Aon and Marsh
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NewsAnalysis: Consumers blind to insurance brands
Lack of brand awareness means consumers are blind to brands
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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: Probing FCA's Project Innovate
The FCA launched Project Innovate to help new technology and new products navigate the byways of regulation. We look at how it works, how effective it is and what’s new. What is it? Project Innovate was launched in November 2014 to foster competition and growth in ...
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NewsAnalysis: Licence to stand still - why the FCA is taking so long to approve broking bosses
The regulator is asking more questions of individuals and firms. New appointments kept waiting for months for the green light
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NewsAnalysis: Value for insurers will boost broker commissions
Retaining staff and clients will improve profits for insurers and help brokers negotiate for more commission and fees. At the most recent Insurance Times Broker 50 held in London, broking bosses thrashed out the key ways in which they could grow their businesses. Chief executives from ...
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NewsBrexit, economic turmoil could deter insurance buying
Firms may have to scale back growth projections as capital gets harder to find. Only a fifth of brokers think their businesses will grow post Brexit
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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: Insurers brace for Brexit upheaval
Companies consider moving business, people and headquarters. Some firms aren’t prepared to wait and see before taking action.
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Online onlyBriefing: AR scandal - a dark day that will change UK insurance forever
Briefing by editor Saxon East
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NewsBriefing: The AR probe shows there's no easy money in insurance
The FCA’s appointed representatives (AR) probe has uncovered some striking examples of ignorance about how the rules worked and how much effort is involved in managing ARs. The regulator’s damning verdict on brokers’ poor oversight of their ARs should serve as a wake-up call for those ...
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NewsExpert view: Technology - Make the change, bite the bullet
Michael Lawrence, personal lines director LV= broker, looks at using technology for growth.
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NewsInside the world of insurance
Insurance stories from around the globe Moving or cancelling the Rio Olympics because of the Zika virus could cost insurers $1bn in potential claims, according to Munich Re. Most of that coverage is being provided by several large reinsurers including Munich Re, Swiss Re, and Hannover ...
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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 ...
