Story of the Day – Page 16
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News AnalysisHow can schemes transform brokers into ‘trusted advisors’ for UK SMEs?
Broker schemes have the potential to change insurance for SMEs from being ‘transactional’ to ‘relationship driven’ – however, chief commercial officer feels many market offerings need tech refresh first
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News AnalysisIn Focus: How can HNW insurance policies help manage risks related to high value or risky hobbies?
High net worth clientele often enjoy an array of hobbies that the average man on the street may not be able to afford – but how can individuals ensure they have appropriate cover to protect against pitfalls of a very particular hobby niche?
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IT InterviewGeorges de Macedo: Chief exec promotes five pillar plan to keep Covéa Insurance in the black
Covéa Group sends Frenchman across the Channel to spearhead British business because ‘the situation in the UK required some action’
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News AnalysisIn Focus: A gap in the HNW market for reputational cover?
As the reputational risks for high profile individuals increase, is the HNW insurance sector missing a trick?
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News AnalysisThe Big Question November 2024: What does UKGI hope will result from Labour’s motor insurance taskforce?
In October 2024, the newly elected Labour government established a motor insurance taskforce to ’crack down on spiralling costs’ – but what does UKGI anticipate will be the key actions arising from this body and will it have the desired impact on motor premiums?
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News AnalysisMGAs take up tech tools in battle for relevancy
‘Without innovation, an MGA offers no differentiation’, says chief executive – but how are these firms tapping into technology to stay ahead of the competition?
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News AnalysisSME underinsurance is far from a small problem
SMEs and sole traders are a ‘significantly untapped market’, according to chief growth officer – however, the insurance sector must be more proactive when it comes to accident and health covers
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IT InterviewNik Ellis: Tech Champion prize celebrates ‘edgy’ firm that is not afraid of failure
Managing director says that to stay at the forefront of technology innovation and implementation, businesses must be ‘prepared to evolve’ and have ‘the nerve’ to try new things
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News AnalysisTechTalk: Market conditions keep insurtech investors cautious – but ‘green shoots’ may be ahead
’There’s a need for more action to be taken to encourage investment in technology and insurtech markets,’ says co-chair
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News AnalysisWhich are the most complained about insurers?
Market intelligence firm emphasises that ‘insurers need to do better to prevent complaints from happening’ as redress payments increase
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News AnalysisThe final frontier: Insuring the rise of space tourism
Although appetite for commercial space tourism is gaining more traction, a lack of historical data and uniform regulation leaves insurers interested in this line of business stalling
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News AnalysisIncubators help MGAs take their first steps
MGA incubator models are growing in popularity, especially as support from these firms can trim nine months from the regulatory approval process for startups
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News AnalysisStarr is the star of 2024’s Underwriting Gold Awards
Insurance DataLab has analysed the underwriting results of insurers and Lloyd’s syndicates across the UK and Gibraltar to find out which firms are the best performers in the market
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News AnalysisIs biggest always best for UK insurers hoping to turn a profit?
Companies rated as a top 50 insurer by GWP are falling behind smaller, more specialised operators when it comes to COR scores
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IT InterviewChris Sawford: ‘One Verisk’ strategy tackled integration challenges following acquisition
The firm had to ’balance large business security and stability with agility’ following acquisition, according to claims managing director
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News AnalysisLooming succession vacuum threatens future sector leadership
Broking businesses are facing a ‘talent crisis’ as progression routes into senior management roles are thin on the ground
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IT InterviewAmrit Santhirasenan: Hyperexponential growing organically amid AI revolution
’Technology has had massive leverage on different parts of society, but insurance is an area where it is still relatively early in modernisation compared to other sectors,’ says chief executive
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IT InterviewIan Summers: Insurance firms should ‘do the simple stuff first’ with data journeys
’Long projects in technology have very bad track records,’ says global business leader
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News AnalysisUnderwriters facing ‘hard time’ due to data increase
The ’ability to assimilate all of that knowledge and make sense of it is a really key challenge for underwriters’, says general insurance leader
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News AnalysisWould I lie to you?
Technology is playing a greater role in insurance operations, with the use of voice analytics gaining traction in claims functions
