News Analysis – Page 41
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News AnalysisThe Big Question November 2022: How can brokers navigate cost of living client conversations amid insurers’ inflation hit rates?
Insurers are having to increase rates as a result of inflation, but end customers may struggle to pay these prices due to the cost of living crisis. Insurance Times asks industry leaders how brokers can navigate these conversations
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News AnalysisMGA financials under the spotlight
Insurance DataLab reveals the preliminary findings of its 2022 MGA performance report exclusively in Insurance Times, rating the performance of MGAs based on their financial performance
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News AnalysisAre UK brokers using data analysis as the ‘main driver’ for personal lines cross-selling?
The cost of living crisis could be a catalyst to spur brokers to tap into data and cross-selling opportunities as end clients carefully consider their finances and insurance providers
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News AnalysisIn Focus: How can MGAs entice insurers to provide capacity amid challenging market conditions?
Three industry experts discuss how MGAs can make themselves as attractive as possible to capacity providers amid hard market indicators
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News AnalysisBriefing: ‘Casualties’ could arise in insurtech sector due to ‘funding shortfalls’
Broker CEO Forum delegates debate how the current macroeconomic climate is impacting insurtechs and what solutions these firms are looking at deploying
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IT InterviewRobin Hoekstra: Outworx plans to double in size by 2025 by continuing to serve UK brokers
Although already expanding in its native South Africa, chief executive confirms that the outsourcing firm has plans to arrive in the UK next year to better support broker customers
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News AnalysisBriefing: Brokers face data challenge as clients are told to assume more risk
The industry must learn to share its data with risk managers as corporate clients consider what risks to insure
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News AnalysisBrokers have ‘key role’ to unlock cyber cover options for SME market
Generalist, High Street and regional brokers must not ‘shy away’ from client conversations around cyber cover if penetration of this type of insurance is to improve
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IT InterviewNeil McCarthy: MPR Underwriting achieves five star success thanks to ‘the quality of our staff’
Describing employees as the firm’s ‘biggest asset’, MGA managing director confirms he is not a believer in the value of eTrading for certain financial lines business
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AnalysisBrokers embrace cloud technologies to ‘maintain competitive edge’
As more brokers look to use the cloud, there is the risk of a skills gap emerging, however
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News AnalysisValueSpace: The insurtech planning to improve insurers’ combined operating ratios by de-risking dams
The former Lloyd’s Lab participant believes dam failure can be classified as a black swan event
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News AnalysisBriefing: What do PE firms look for when investing in brokers?
M&A has been an important driver of growth for broking firms, as Broker CEO Forum attendees describe organic growth as ‘the Achilles heel of the industry’
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IT InterviewMatthew Puttick: Brokers continue to drive KGM Underwriting Services’ ambitions
Chief executive explains that the MGA is striving ‘to be the best that we can be’ in the UK motor insurance market because ‘if you stand still, you fail’
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News AnalysisBriefing: Uncertainty - The new insurance buzzword
Being proactive around market trends and data insight is the only way to stay ahead in today’s insurance industry
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IT InterviewDouglas Brown: Providing value for brokers is vital for Renovation Underwriting
The managing director attributes the MGA’s success to investment ‘in our people, our proposition and technology’.
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News AnalysisIsabelle Santenac: Insurance sector must throw its weight behind the green energy transition
However, the industry cannot abdicate its responsibility to protect the world’s current energy supply, says global insurance leader
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AnalysisBriefing: Brokers believe PE firms should reject historic ‘disjointed’ view of MGA investments
Attendees at this year’s Broker CEO Forum discuss the drivers behind the current MGA capacity crunch
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IT InterviewLike father, like son: Tim and Ben Smyth compare career trajectories as insurance bosses
Two key lessons that Ben Smyth learnt from his chief executive father include entrepreneurialism and resilience
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AnalysisBriefing: Insurers face winter of discontent as sterling adds to claims woes
The ups and downs of the British pound gives insurers more to think about when it comes to claims costs
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IT InterviewPaul Mang: Addressing big, evolving insurance risks is ‘meaningful work’
Guidewire’s chief innovation officer explains how technology and the risk landscape have changed following business models shifting post-pandemic
