Story of the Day – Page 7
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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
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IT InterviewRobin Gilthorpe: Earnix continuing to grow organically as it deepens footprint
’Our goal is to make our customers’ businesses run better. Helping insurers to underwrite the right risks for the right prices and the right offers,’ says chief executive
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News AnalysisCould Labour’s 1.5 million homes plan spike construction insurance claims?
’We’ll get shovels in the ground, cranes in the sky and build the next generation of Labour new towns,’ says prime minister
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News AnalysisThe rising prominence of moped crash for cash fraud
‘This is the physical manifestation of that type of modern fraud that anybody can become a victim of,’ says detective inspector
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News AnalysisD&O cover complexities testing market as it seeks stability
’Insolvencies are rising, geopolitical uncertainty is considerable, cyber risk is elevated and ESG claims are here to stay,’ says head of global financial lines
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News AnalysisIn Focus: Are software houses the future of eTrading?
RSA director notes there is a ’clear market demand for the job software houses do’
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News AnalysisPaul Anscombe: Seventeen Group’s independence means culture is the ‘number one priority’
After a healthy dose of M&A this year, the broker chief executive is keen to slow down purchases and showcase an organic growth focus alongside making larger, fewer buys
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IT InterviewJon Dye: Hiscox is third of way through ‘strategy for profitable growth’
UK chief executive flags ‘really good energy’ at the specialist insurer as it targets retail growth ‘between 5% and 15% at the right level of profit’ over four-year strategy duration
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News AnalysisTechTalk: Uptick in chief artificial intelligence officers joining insurance c-suites
AI ’doesn’t fit squarely in technology [roles] because data is involved’, therefore more firms have begun hiring chief artificial intelligence officers, says chief executive
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News AnalysisWhat to do about homeowners shunning home insurance?
PCW confirms that home premiums grew 13% last year, leading consumers to search for savings shortcuts – but the insurance industry must still strive to combat underinsurance in this line of business
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News AnalysisThe Big Question: How can brokers support directors to navigate new regulations and mitigate the risk of D&O claims?
Experts discuss how brokers can guide company directors through evolving regulations, offering strategies to mitigate the growing risks of directors and officers (D&O) claims
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News AnalysisIn Focus: How can firms prevent their software from becoming legacy technology?
We asked: With rapid technological evolution, how can firms prevent their software platforms from becoming legacy tech in the medium-term while keeping pace with advancements?
