Story of the Day – Page 14
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News AnalysisThe double-edged sword of data science
Although data science has been a huge help to the insurance industry, it brings its own risks too and insurers must ‘understand the risks rather than go in blindly’, according to data science lead
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News AnalysisTackling opportunistic fraud requires ‘a measured approach’
Experts at March’s Fraud Charter event discussed the appropriate response to the shifting profiles of those carrying out fraud
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News AnalysisInsurance M&A continues to rise – but has it reached its peak?
Broking M&A is focusing on the extremities of the UKGI marketplace, with smaller firms being eyed up and the ‘consolidation of the consolidators’ potentially on the cards too, says co-founder
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News AnalysisIs travel insurance next on the FCA’s radar?
The regulator’s approach to Gap insurance has signalled its enforcement style for 2024 – but could travel policies ‘riddled with caveats’ be the next product under the fair value spotlight?
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News AnalysisIn Focus: How MGAs stop brokers being left ‘high and dry’ as capacity fears continue
’If we can’t service the broker quick enough, we’d lose the sale, they lose the sale, conversion drops and ultimately it hurts all of us,’ says head of broker development
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News AnalysisTechTalk: Impact of simplified R&D scheme for insurtechs and startup brokers is ‘yet to be seen’
Brokers and MGAs investing in software that is new, improving a process or addressing an uncertainty could benefit from R&D tax relief
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IT InterviewTim Bailey: ‘Attracting and retaining talent’ vital to Zurich’s success
Since taking the helm, nurturing a pipeline of diverse talent has been one of the main priorities for Zurich’s chief executive
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IT InterviewOwen Morris: Aviva’s personal lines growth is centred on being consistent, not ‘flashy’
Personal lines managing director is ‘fairly ambitious’ for 2024 and will be vigilant for ‘exciting opportunities’ around new products
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News AnalysisThe Big Question: How does the increasing integration of data analytics in insurance impact the war for talent?
AI and advanced data analytics are already making waves in the insurance sector. Insurance Times interviews five industry experts to delve into their perspectives on the significance of this technological transformation for the industry.
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News AnalysisUK has ‘right approach’ to AI versus EU’s legislation
’The real risks are with the use of AI, not with the technology itself,’ says chief executive
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News AnalysisIn Focus: Are MGAs replacing traditional insurers and how are they differentiating themselves to grow market share?
Insurance Times asks industry experts how MGAs are standing out to supersede insurers and increase their market share
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IT InterviewJason Storah: Brokers are ‘fundamentally important’ to Aviva
Although new UKGI boss didn’t expect to move away from his Canadian business leadership, he swiftly recognised the ‘really big opportunities’ present in the UK market
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IT InterviewJason Storah: Aviva’s Probitas buy marks ‘win-win’ to accelerate ‘organic ambitions’
The purchase gives the insurer instant ‘scale’ in the Lloyd’s market, says UKGI chief executive
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IT InterviewBill Bradshaw: FM Global able to take ‘a really long-term view of risk’ where climate is concerned
’What is important is that we have the data that allows us to make really good decisions and look for innovative solutions,’ says operations manager
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IT InterviewJodi Cartwright: The startup world is ‘where my heart is’
In January 2024, after six months of trading, Tint had facilitated a global flow of goods valued at £15m
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IT InterviewRob Munden: Euna’s Five Star service hinges on ‘not becoming complacent’
This year’s top rated MGA speaks to Insurance Times about what the firm has been up to
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IT Interview‘Scalability and growth is a massive thing for us’ – GoShorty
’That was the first barrier that was broken down – the idea that software houses only wanted to deal with big blue-chip companies and well-established brokers,’ says founder and managing director
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News AnalysisBrokers reveal concerns about capacity for ‘under pressure’ MGAs
One broker highlights fears that MGAs may be looking ’to all sorts of weird and awful sources of capacity’
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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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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
