Story of the Day – Page 8
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News AnalysisSolvency ratios on the rise as UKGI market continues to face unprecedented pressures
Insurance DataLab co-founder Matt Scott dives into the the market’s latest SFCRs to draw out a number of trends
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News AnalysisLatest broker schemes data hints at ‘slightly improved’ trading period
’While premiums have seen increases across the board, commissions have increased at multiples of this,’ explains chief executive
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IT InterviewNick Line: ‘Better representation’ at senior underwriter level needed
Markel International’s chief underwriting officer talks attracting and retaining underwriting talent
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News AnalysisBroker networks ramp up distribution focus
’The ability to gain distribution benefits is a major driver for brokers joining networks,’ says director of policy and public affairs
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NewsWhat will the Autumn Budget hold for the insurance industry?
Measures announced by Chancellor Rachel Reeves at the end of October will undoubtedly impact on the insurance sector in a number of ways – but what are the biggest things to watch out for?
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IT InterviewRonit Maor: Insurance needs more female CFOs
’The CFO role has historically been perceived as a power role, [meaning] that in order to do it you need to be tough and aggressive,’ says chief financial officer
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IT InterviewMartin Schultheiss: Uinsure actions ‘really high growth strategy’ following PE investment
A ‘suits and trainers’ organisational culture that embraces the ‘right talent’ is the ‘magic sauce’ underpinning insurtech’s comprehensive growth strategy, says group managing director
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News AnalysisRichard Morley: The secret behind cost pressure-busting lower classic car premiums
’We still see a large percentage of our customers paying less than £100 – pretty cheap,’ says broking director
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IT InterviewBen Legg: Open GI homing in on ‘North Star’ of empowering brokers to write better business
’We see our role in the market to empower our brokers to write more and better quality business, as well as improving the lives of anyone using insurance products,’ says chief product officer
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IT InterviewWayne Jefferson: ‘ETrading will ultimately become more complex’
’We don’t want unwieldy question sets that become way too complicated for a customer and put them off eTrading,’ says head of eTrading
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News‘New breed’ of MGAs spearheading sector growth – Xceedance
A hybrid fronting model for MGA capacity is gaining more traction, says head of commercial insurance and distribution
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NewsBroker ‘winners’ are those that embed ‘intelligent automation into workflows’ – Applied Systems
Artificial intelligence can support brokers in being more ‘efficient, effective and responsive’, says chief product officer
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News AnalysisUkraine’s resilience poses questions for insurers for when the war ends
Contributor Jon Guy shares his perspective on how rebuilding Ukraine post-war could impact the UK insurance market, with finances, supply chains and resourcing likely to be in scope
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NewsAI will enhance, not replace, human interactions in Lloyd’s market
’The key message is that digital is not going to replace humans’, says deputy chief underwriting officer, but will ’improve productivity in the market’
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IT InterviewInsurers will need to take the pain if they are to make the most of AI – Esure
Having the right underlying systems in place to support AI functionality is crucial, according to insurer’s chief customer officer
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IT InterviewChris Rolland: ‘Doing the right thing’ as a competitive advantage
’That flight to quality that we’ve seen across the insurance industry in the past few years has become more important, especially in travel insurance,’ says chief executive
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IT InterviewChris Newton: Send Technology is focused on ‘solving real world problems for underwriters’
Chief technology officer believes the commercial insurance sector is ’ripe for disruption’
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News AnalysisIn Focus: Are cyber insurers prepared for BI claims after July’s global outage incident?
Head of claims reports that cyber is an ‘ever-changing’ risk and that there is more variety in how BI claims can now present themselves
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NewsFraud in H1 2024 being driven by casualty and ‘large increase’ in commercial claims – Allianz
’There’s a dire need for us to keep raising awareness, because brokers are almost crying out for support [from insurers],’ says head of counter fraud
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IT InterviewMarkel’s success relies on ‘having the right people’ to pick up broker calls
A business can have the ’best trained staff, but if employees are not willing to pick up the phone, no amount of technology will make a difference,’ says underwriting director
