All Online only articles – Page 49
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IT Awards: No ‘higher accolade’ than Broker CEOs' CEO Award, says David Ross
Previous Broker CEOs’ CEO winner tells Insurance Times what it takes to be a good chief executive and the value of winning an award
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IT Awards: David Newman on why being a specialist is key to growth
Previous Personal Lines Broker of the Year and IT Pack Member of the Year tells Insurance Times why it is ‘humbling’ to win two awards
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IT Awards: Past winner Stevie Jeffrey on why passion is vital
Previous IT Pack Member of the Year winner tells Insurance Times why she won and why others should enter
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Briefing: As another CEO departs, what Zurich needs right now is consistency
They’re dropping like flies at Zurich right now. What are we on now? The third UK chief executive in 18 months following Friday’s news of Conor Brennan taking over from Vibhu Sharma. The revolving doors have been spinning even faster one management layer down at Zurich ...
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Self-driving car claims first road death
The driver of an electric Tesla car has been killed while the vehicle was on autopilot. It is understood to be the first road death involving a self-driving car, with American news outlets naming the driver as Joshua Brown from Ohio. “What we know is ...
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Gable crisis deepens amid stock market suspension request
The crisis swirling around unrated insurer Gable deepened today as it requested suspension from the AIM stock market. The Liechtenstein-based insurer requested a suspension of its share trading on AIM until the publication of its audited annual report and accounts for the year ended 31 December ...
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Aviva pressure eases after post-Brexit turmoil
Aviva’s share price revovered some of its recent short falls, rising 6.5% in Tuesday’s trading to 368pence. The insurers’ shares had fallen 22% since Thursday’s Brexit vote to close yesterday at 347pence. Aviva, who was one of the biggest victims of the voters’ decision to withdraw ...
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inet3 unveils non-standard property Flood Re solution
Inet 3, a specialist property managing general agent (MGA), has launched its Flood Re solution for non-standard home risks. The launch was supported by a new broker learning hub designed to assist brokers with product knowledge and competency through an online, tailored training programme. Inet3 brokers ...
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Deloitte appoints new regulatory partner
A former Bank of England regulation director has joined consultants Deloitte. Andrew Bulley, who played a key role in the PRA’s roll-out of Solvency II to the life insurance industry, has been appointed as a partner in the Deloitte’s EMEA centre for regulatory strategy. “Now is ...
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UK homeowners throw £37m a year into auto-renewal black hole
UK homeowners are “tricked” into collectively wasting £37m annually by allowing their home insurance provider to automatically renew their policy, according to MoneySuperMarket research. The analysis says one-quarter (26%) of homeowners with buildings and/or contents cover automatically renewed their policy with their existing provider and almost ...
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Customers should push industry to reinvent itself – KPMG
Customers should be the “inspiration” for insurers to reinvent themselves, after KMPG research found insurers focus more on complying with new regulations instead. The report says insurers are failing to adapt to changing customer needs and technology, with 57% of executives admitting that efforts to transform ...
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FSB presses government to contribute more in cyber crime fight
The Federation of Small Businesses (FSB) is urging the government to make cyber insurance compulsory for small businesses. The FSB said that the government must consider making cyber insurance compulsory for businesses above a certain size or in high-risk sectors after internal research found only 6% ...
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DAC Beachcroft launches hub to boost insurance innovation
DAC Beachcroft has set up Innovations Lab to promote technology processes and products to a reluctant insurance industry. Speaking at the launch event, DAC Beachcroft Claims Solutions Group chief executive Craig Dickson (pictured) said that there are daily calls for the insurance industry to be more ...
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ABI warns on transparency of broker commissions
It is “only a matter of time” before regulators force greater transparency of broker commission, according to the ABI. Speaking at the Birmingham Insurance Institute on Wednesday, ABI director general insurance policy James Dalton questioned if it was fair that commercial customers had to ask brokers ...