Personal Lines articles – Page 5
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NewsHome insurance premiums rising at record pace
’This is the largest yearly increase we have seen since our tracking began in 2014,’ says senior insight analyst
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News AnalysisBriefing: The trouble with motor insurance
Discriminatory pricing is evident in motor insurance premiums – the industry needs to come up with new ways to make this product more accessible and affordable
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NewsJM Glendinning expands portfolio with broker buy
’This is a great opportunity for JM Glendinning and will unlock many opportunities,’ says managing director
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NewsThe Green Insurer inks partnership with LV= General Insurance
’Expanding our panel of insurers shortly after launch is a major endorsement for The Green Insurer,’ says chief executive
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NewsHiscox UK posts £630m ICWP for 2023
’The UK broker commercial business continued to enjoy excellent retention, illustrating the underlying quality of the business and loyalty of our customers,’ says group chief executive
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News AnalysisWhat does the FCA’s actions on Gap mean for the future?
We’ve heard that the unofficial threshold for that payout rate may be set at 30%, with business lines falling under that level likely to draw increased scrutiny from the FCA, says co-founder
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NewsFinancial education leaves insurance ’off the table’ – Black Girl Finance
’That insurance conversation gets left behind,’ says founder and chief executive
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News AnalysisIn Focus: How niche schemes are becoming more important to brokers’ growth strategies
Niche schemes have been talked up by experts after brokers were told to focus on size or speciality in the future
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NewsRemaining Gap providers told to pause sales of product by FCA
’We are working closely with Gap insurers to resolve issues as quickly as possible,’ says spokesperson
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NewsCatch up on last week’s ABI Conference 2024
Insurance Times rounds up the biggest stories from last week’s insurer conference
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NewsBspoke Group completes personal lines acquisitions
’Our portfolio of niche businesses is well-placed to build their market presence,’ says chief executive
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NewsMiller expands into parametric insurance market
’The formation of this specialised team underscores Miller’s ongoing commitment to innovation and client-centricity,’ says head of energy and construction
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NewsCollaborative solutions to develop ‘a risk sharing model’ – Fair4AllFinance
’It gives us a real opportunity to make a difference,’ says chief executive
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NewsAuxillis appoints new managing director
’I’m very excited to be taking up the reins of such a successful operation,’ says new appointee
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NewsStorms and inflation drive rise in average cost of building insurance claims
’It comes as no surprise that the widespread property damage during the quarter cost the industry,’ says head of property
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NewsLemonade’s UK arm drives European growth
’Our European business made solid strides in 2023,’ says letter
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News AnalysisWill insurers swipe right on covering dating apps’ unique risks?
Insurance brokers might hesitate to provide coverage for dating apps because understanding the ’unique risks associated with these apps’ often necessitates the ’expertise of a specialist technology broker,’ says head of tech, media and intellectual property
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NewsMotor insurance ‘a door shutting in peoples’ faces’
’Looking at insurance in the [context] of what products serve consumers as a stepping stone is important,’ says chief executive
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NewsPricing of motor premiums ’fundamentally discriminatory’
’If we use occupation, postcode, all those [types of] things, then we are going to discriminate against vulnerable consumers,’ says chief executive
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NewsFraudulent activity surrounding luxury watch claims ‘as high as 50%’
’Common scenarios include fictitious losses or a watch being used to make multiple claims with different insurers,’ says managing director
