Personal Lines related articles – Page 35
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News AnalysisHow are insurers preparing for potential cost shocks of upcoming reinsurance renewals?
With 1 January 2023 renewals representing the most difficult cycle in decades, how are reinsurance buyers feeling about the prospect of yet more difficulty in 2024?
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News AnalysisHas inflation been a ‘helpful correction’ for the UK motor sector?
’The only way to get a market correction is when there is something outside of the market’s control,’ says underwriting director
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NewsCompass Insurance warns of increased claims from unpredictable weather events
’Static caravans are particularly susceptible to damage from storms or floods,’ says managing director
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News AnalysisBriefing: Autonomous journey will test insurers’ ability to navigate risks
New research out of Australia has provided yet more evidence of the risks insurers will have to consider when truly autonomous vehicles hit the roads
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IT InterviewSid Mouncey: Bringing Blink back from the brink of Covid decimation
’By the end of 2025, we expect to be a much larger organisation than we are,’ says chief executive
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News AnalysisIn Focus: How are motor insurers addressing popularity of electric vehicles?
Insurance Times asks industry experts if motor insurers are adapting their business strategies
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News AnalysisIn Focus: What makes the motor market hard to compete in – and could there be future exits?
’I can understand some of the reasons why people might see this as the right time to get out,’ says director of insurance pricing
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NewsInsurance sector currently undergoing a ‘period of realism’ – Aviva’s Winslow
Aviva are ‘not seeing any indicators to suggest that customers are looking to buy less insurance or cover less,’ says UK chief executive
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NewsAA Insurance Services’ move to CDL a ‘win-win for brokers and consumers’
The move involved a ’rigorous tender process and discovery phase’, says chief executive
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NewsSabre profits drop in H1 2023 despite rise in GWP
Chief executive says results are ’in line with our expectations and support our full year projection’
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NewsAviva increases GWP by 12% for H1 2023
Aviva grew UK premiums 11% in commercial lines, which it put down to ’strong rate and new business growth in mid-market and specialty lines’
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NewsAdmiral Group posts small COR rise amid ‘persistent high inflation’
However, the group improved its turnover and insurance revenue despite ’a challenging market’, says chief executive
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NewsAllianz ‘very much committed’ to personal lines motor broker channel despite ‘volatility’ – Colm Holmes
Allianz saw ‘inflation running at 11% in personal lines motor’ for the first half of 2023, says chief executive
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News AnalysisIs telematics undergoing a mass market transformation?
’If adopted on a mass market basis, then it can cater to all,’ says chief data officer
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NewsKingfisher Insurance’s classic car brand launches scheme for VW enthusiasts
Partnerships director says scheme will ’best suits their needs and protects these popular cars on our roads for generations to come’
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NewsInsurers have ‘responsibility’ to boost brokers’ cyber cover knowledge
’Cyber is still relatively new for any broker,’ says general manager
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NewsMarco Perestrelo: ‘We have seen first hand how technology creates new experiences for customers’
’Esure has undergone a complete transformation,’ says head of claims technology
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NewsAverage price of motor premiums hit record high as cost of vehicle repairs surge
’These continue to be tough times for many motorists and motor insurers alike,’ says director
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IT InterviewSimon Ritterband: Huge market appetite as ‘genie is out of the bottle’ with drones
There is a “huge appetite” for drones in the Lloyd’s market as the technology is being used more and more in everyday life from surveying to inspection says managing director
