News Analysis – Page 7
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News AnalysisBriefing: Why MGAs should be brokers’ best friends
MGAs often bring a complementary skill set to the value chain table, enhancing brokers’ service proposition and encouraging innovation
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News AnalysisAs sharks circle, who gets swallowed in insurance consolidation?
‘If you’re an insurer without scale and not a specialist, that middle ground is a difficult place to inhabit. I suspect some of those insurers will get squeezed in a soft market,’ says chief broking officer
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News AnalysisOpinion: Are micro firms buying commercial covers like a personal lines customer?
Market feedback has revealed that micro businesses of less than 10 staff could fall victim to buying commercial covers with a personal lines mindset, risking underinsurance and coverage gaps – how can the sector mitigate this?
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News AnalysisClean energy revolution facing extreme weather challenge
’These are perils that we haven’t really taken seriously in the past, given the emphasis on the US market, and now there are increasingly unmodeled events,’ says underwriter
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AnalysisWhat tempts motor customers to switch in a world without the ‘loyalty penalty’?
GIPP regulations are driving down the number of people switching provider when their motor insurance comes up for renewal, so what factors other than price can insurers use to differentiate their service?
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News AnalysisMGA-specific regulations should address ‘mixed picture’ in claims oversight
’The more an MGA is given responsibility and accountability for claims outcomes, the better the decision making and the customer claims journey,’ says chief operating officer
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News AnalysisTomorrow’s insurance leaders will come from overlooked places
‘To look for new talent, we need to explore avenues we’ve never explored and that includes both ends of the socioeconomic spectrum,’ says chief executive
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IT InterviewBehind the memes: Using social media to advocate education and industry transparency
The industry insider behind ‘The Hard Market’ – the internet’s ‘official unofficial source for insurance industry truths, memes, and mayhem’ – tells Insurance Times about going beyond the laughs to enact real change for the profession
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News AnalysisBriefing: Scaling with purpose – the private equity advantage in insurance
One of the most powerful advantages of private equity support is the ability to scale thoughtfully and invest with intent
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AnalysisBriefing: Winds of change blow in Monaco, but have reinsurers really gone soft?
Will reinsurers move back to assuming broader treaty risks, or will insurers have to place their programmes on a class by class basis?
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News AnalysisShould a bespoke regulatory framework be introduced for MGAs?
‘This isn’t about reducing oversight – it’s about right-sizing it to ensure that regulation supports, rather than hinders, the MGA model,’ says chief executive
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News AnalysisOzempic confusion putting travel insurance at risk for thousands
‘This confusion isn’t academic, it has real consequences for millions of Britons purchasing travel and health insurance,’ says chief executive
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IT InterviewMandy Hunt: The leader steering Clear Group’s MGA ambitions from ‘outside my comfort zone’
The broker and insurer alumnus is now firmly in the MGA market, with big plans around post-acquisition rebranding and new business incubation set to be delivered in the next 12 months
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NewsTariff-linked supply chain disruptions ‘worse than Covid’, complicating business interruption
’The problems that these businesses are now having to solve are ones of financial and economic assessment that interfere with the supply and demand curve, rather than ones of physical production and distribution capacity,’ says head
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News AnalysisBriefing: Navigating a soft market – what’s next for UK brokers?
Insurers, keen to fight for market share, are more likely to support brokers who can adjust to these market conditions
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News AnalysisIn Focus: Why so many say ‘I fell into’ insurance – and why that’s changing
‘We’re a global leader. We contribute 2% to the UK’s GDP. We employ 60,000 people and nobody’s bothered to tell anybody that this thing exists,’ says chief executive officer
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NewsLiberty Specialty Markets appoints new head of client and broker distribution
‘His experience in client and broker distribution will be instrumental in evolving and harmonising our approach,’ says president
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News AnalysisBriefing: Sector has long road ahead to ensure inclusivity of vulnerability
Adam Harper, the Chartered Insurance Institute’s executive director of strategy, advocacy and professional standards, discusses the importance of identifying and addressing vulnerability
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AnalysisIn Focus: The impending ‘peril’ of underinvesting in reinsurance talent
‘The real issue isn’t that reinsurance is too niche – it’s that we’ve failed to communicate its relevance and impact,’ says chief commercial officer
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News AnalysisMotor insurance switching reaches historic low – are GIPP rules finally making an impact?
Over three years on from the introduction of the FCA’s GIPP rules, their impact may seem underwhelming, but is the scrapping of the “loyalty penalty” finally starting to have an effect on consumer behaviour?
