All Insurance Times articles in On-Line Archive – Page 2311
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FeaturesBriefing: FCA could be setting sector up to fail with four-month pricing implementation period
The FCA took its time crafting the foundations of its general insurance pricing review, however it expects insurance businesses to turn around rule changes on the double – surely it’s in nobody’s interest to rush such a pivotal market change?
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NewsDavies Group attracts majority stake private equity investment
Chief executive says the transaction marks the ‘next phase of international growth and technology investment’ for Davies Group
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NewsInsurance group launches new global risk service
Zurich plans to take its ‘risk advisory and prevention services to the next level’ to ‘equip customers with the knowledge to tackle challenges before they develop’
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NewsFraudsters cause spike in motor insurance claims during 2020
Product manager warns that insurance firms need to be ‘alive’ to changes in fraud and ‘understand what lessons can be learned’ moving forward
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NewsEcclesiastical blames Covid-19 for recorded £15.7m loss before tax in 2020
The insurer also paid out £18.7m for coronavirus-related claims ‘where there is confirmed cover’
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NewsSpecialist Risk Group recruits new broker team
The move aligns with the group’s plans to expand its international expertise
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NewsInsurance industry will drive green future – Fitch Ratings
Insurers have been told they have a key role to play in supporting the transition to a more sustainable economy
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NewsPRA chief executive says regulator not interested in adding to its responsibilities
Sam Woods denies ‘the caricature of a rampant regulator intent on crushing the industry under a slow motion avalanche of new capital requirements’, but acknowledges that ‘a changing world requires a tough but flexible regulatory regime’
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IT InterviewQ&A: Applying data strategies from motor insurance to home – LexisNexis Risk Solutions
Nick Wilmot, senior manager at LexisNexis Risk Solutions tells Insurance Times about the key challenges in the home insurance market and how strategies used in the motor market can be applied to address them
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NewsMcLarens appoints new management in Ireland
The former Sedgwick Ireland staffer has more than 30 years of industry experience
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NewsBlanc succeeds Gadhia as new Women in Finance Champion
Economic secretary warns that financial services firms ’must not take their foot off the gas’ when it comes to improving gender diversity
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NewsJohn Lewis unveils flexible home insurance via Munich Re partnership
The offering is designed to reflect changes to customers’ lifestyles since the Covid-19 pandemic
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NewsAston Lark launches broker portal for renovation insurance scheme
The launch follows a successful pilot conducted last November and is ‘just the start of what is to come’, according to scheme manager
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News‘Bad behaviours’ have crept back into credit hire sector – Kirsty McKno
With part two of the whiplash reforms coming back into focus, the former CHO chair says the credit hire industry has ‘gone backwards’ and that ‘Covid has exacerbated’ the sector’s problems
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NewsPIB Group reveals first European MGA buy
The transaction sees the continuation of PIB Group’s international ambitions
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NewsLMG appoints interim chief executive
The interim boss will lead the trade body on a part-time basis until the end of the year
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NewsPet insurance insurtech aims to transform dog industry via partnership
The two firms share the same business values
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NewsInsurers paid out £472m in interim and final BI claim payouts following test case – FCA
The regulator calculated that 10,207 BI policyholders out of the 21,140 who have had claims accepted have received at least an interim payment
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NewsFCA extends pricing remedy implementation until end of 2021
The regulator has confirmed the amended timetable to ensure firms can ‘plan their change programmes effectively’, however the CII believes ‘this may not be enough time for firms to get all practices in place’
