Financial / Results – Page 13
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News AnalysisTechTalk: Crypto stock market crash could burst AI bubble for insurtechs
’The downturn in the crypto markets signals a period of heightened caution and strategic reassessment’, says chief operating officer
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NewsMGA announces new multiyear capacity agreement
’Securing additional capacity like this gives us the headroom and certainty we need to expand further into new lines,’ says chief executive
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NewsAviva will ‘focus on long-term, consistent, stable pricing’ rather than ‘chase short-term blips’
Despite acknowledging that home insurance needs ‘more rate’, insurer’s UKGI boss plans to ‘maintain pricing discipline’ and avoid reacting to ‘short-term choppiness’ in rate movements
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NewsStock market crash creates ‘ripple effect’ for insurtechs
’This market turbulence can be particularly challenging for fintech and insurtechs,’ says chief operating officer
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NewsThousands of Admiral employees to get shares as profit and revenue soars
Chief executive says the insurer was more competitive in H1 2024 due to its ’earlier pricing response to inflation in previous years’
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NewsAviva’s UK&I GI business boosts operating profit as GWP rises
’This is an excellent set of results, with continued double digit growth across both personal and commercial lines,’ says chief executive
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NewsAllianz UK ‘widening distribution footprint’ for smaller brokers
’We are making a lot of investment in the front end of our business,’ says chief executive
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NewsCatch up on insurers’ 2024 half-year financial results
UKGI insurers are releasing their trading updates with details on their half-year financial results for 2024. Here’s Insurance Times’ roundup of all the stories you need to keep abreast of the latest figures…
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NewsLloyd’s financial strength rating upgraded
’Our financial strength and solid capital platform enable us to deliver on our strategic growth ambitions,’ says chief financial officer
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IT InterviewJo Musselle: Hiscox targets ‘new distribution deals’ with brokers as part of ‘omnichannel’ strategy
Market-wide appetite ‘to trade more in a digital way’ sees insurer commit to roll out high net worth proposition on eTrade extranet by year-end, says chief underwriting officer
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NewsAllianz UK reports discounted COR of 94.6% for 2024’s H1
Amid year-on-year operating profit growth of 55%, chief executive promises ‘much more is yet to come’ from the insurer
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NewsAllianz SE expands share buy-back volume to €1.5bn for 2024
So far in 2024, the insurer has bought 3,791,467 shares through share buy-back schemes
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News AnalysisBriefing: A taxing time for the industry as the government looks to funding conundrum
As the new government looks to raise money, could IPT be a target for increased rates?
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NewsHiscox UK grows ICWP in H1 2024
The ’underlying positive business momentum in the UK is broad based’, says insurer
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NewsMotor premiums fall in Q2 2024 after two years of increases – ABI
’After a very challenging period for insurers and customers alike, we’re encouraged to see an easing of increases,’ says director of general insurance policy
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NewsGlobal insurtech funding surges in Q2 2024 – Gallagher Re
’This year’s emphasis on AI will assist businesses in navigating the challenging process of comprehending the fundamentals of AI,’ says global head of insurtech
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NewsWrisk reports 219% year-on-year growth in H1 2024
’Our figures for 2024 are testament to our ethos of continuous improvement,’ says chief executive
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NewsNew product designed to monitor the cyber MGA market launched
’MGAs have been and are a crucial part of the cyber insurance value chain,’ says chief executive
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IT InterviewGeoff Carter: How scale, strategy and a ‘barbell approach’ to underwriting is keeping Sabre so profitable
’We won’t ever be the biggest, but we do want to be the most profitable,’ says chief executive
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News AnalysisBriefing: The rise of alternative capacity providers certainly benefits MGAs, but where does it leave insurers?
As the prominence of MGAs grows, their potential for strong profitability has caught the eye of alternative capacity providers with designs on entering the ever-desirable insurance market
