All The market articles – Page 4
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News
Revealed: Claims Excellence Awards 2023 – winners and reaction
There were some lucky double winners and some firms picked up their very first Insurance Times Claims Excellence Award at our hottest awards so far – was it you?
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News Analysis
Majority of consumers still lack awareness over ‘persistent threat’ of ghost brokers
Some ’99% of customers wouldn’t understand what a ghost broker is,’ says counter-fraud expert
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News Analysis
Brokers seem to be weathering economic headwinds via growth and productivity
Insurance DataLab analyses how brokers have performed over the last year in the face of significant economic difficulties
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News Analysis
The Big Question May 2023: What emerging risks should insurance firms watch out for in 2023?
With emerging risks comes opportunity. Six industry leaders share their thoughts on emerging risks with Insurance Times
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News Analysis
Unpacking the controversial issue of an ‘ethnicity penalty’ in car insurance premiums
Insurance Times speaks to industry experts following Citizens Advice revealing that POC are paying more for car insurance than their white counterparts
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News Analysis
Industry pushing companies to recognise ESG impact on D&O risks
’Directors have a duty of care around a business’ impact on the community and environment and there is also the duty to maintain a high level of business conduct,’ says partner
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News Analysis
Strong dollar provides no shortage of US M&A interest in UK insurance firms
Acquisitive brokers were asked if a strengthening dollar would see more US firms snap up companies in the UK
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News Analysis
Ghost broking poses ‘massive’ reputational risk to insurance sector
‘Doing more of the same’ isn’t working to tackle the issue, says head of counter fraud
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News Analysis
FOS complaint volumes surge as Consumer Duty deadline looms
With the implementation deadline for the new Consumer Duty regulations fast approaching, Insurance DataLab analyses the latest ombudsman complaints figures to see how the industry is performing
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News Analysis
The Big Question April 2023: How can the insurance industry help improve current motor repair network models?
Repairers are key to the success of settling motor claims, but the sector continues to face significant challenges. Insurance Times asks industry leaders where firms can help
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News Analysis
Cost of living crisis may drive ‘dishonest customers’ to opportunistic fraud – Ifed
Detective chief inspector Tom Hill, head of the City of London Police’s Insurance Fraud Enforcement Department, discusses the impacts of the cost of living crisis on opportunistic fraud
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News Analysis
‘All or nothing’ parametric policies can ‘cause problems’ despite benefits
The growth of parametric insurance propositions is undeniable, however there is a risk of legal disputes if policy terms are not crystal clear, says law firm partner
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News Analysis
MGAs have a bright future in UKGI
Insurance DataLab pulls apart findings from Insurance Times’ Five Star Rating Report: MGA market 2022/23 and its own MGA performance report to uncover why MGAs are seeing so much success with brokers
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News Analysis
‘Cyber and technology risks’ pose ‘key challenges’ for aviation sector
Airlines must ensure that ‘hull and liability insurance dovetails’ with cyber cover to ensure well rounded risk protection from cyber attacks, says broker
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News Analysis
The Big Question March 2023: What will the cyber insurance market look like this year?
Cyber cover is a big topic on the UK insurance industry’s lips - from changes in policy wordings to emerging threats. Insurance Times asks five leading professionals about what the market can expect in 2023
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News Analysis
Insurers urged to take a fresh approach to solicitors’ PI amid growing coverage concerns
Conveyancing remains a claims risk area amid today’s recessionary environment, however insurers’ appetite to provide solicitors’ PI cover is growing for firms that present a good risk
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News Analysis
Is it the end of the line for property insurance commissions on multioccupancy buildings?
The UK government has indicated its intention to ban managing agents and freeholders from taking commissions when arranging buildings insurance
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News Analysis
‘Insurers will have to rely on brokers’ if post-Brexit tax changes come to fruition
Brokers could see changes to their admin workload and trading operations as a result of Brexit
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News Analysis
The Big Question January/February 2023: How can insurance firms help SMEs amid increased business insolvencies?
As UK business insolvencies spike due to tighter financial pressures, Insurance Times asks industry leaders about what firms can do to mitigate the risk
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News Analysis
How is the industry faring ahead of the FCA’s Consumer Duty implementation?
Insurance DataLab provides exclusive analysis of the Financial Ombudsman Service’s most recent complaints data to see how prepared the industry is for the FCA’s Consumer Duty this July