All The market articles – Page 5
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News Analysis
Cannabis: A growing insurance problem
Tenants using residential rental properties ‘for the harvest of drug crops’ are ‘the biggest threat to private landlords’ – brokers and insurers must have this risk on their radar to combat rising claims
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News Analysis
IFED is working to eliminate ‘blight’ of ghost brokers
Detective chief inspector Tom Hill, head of the City of London Police’s Insurance Fraud Enforcement Department, discusses how the unit has sought to tackle ghost broking
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News Analysis
Cost of fraud set to ‘snowball’ in 2023
Counter fraud experts say that the continuing cost of living crisis and economic turmoil in the UK will increase the danger of opportunistic fraud
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News Analysis
Why Aviva, Covéa Insurance and Zurich were named insurers of the year
After being crowned as market-leading insurers at this year’s Insurance Times Awards, Insurance DataLab explores the figures behind the trio’s successes in 2022
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News Analysis
Lloyd’s Blueprint Two is ‘not about delivering tech’ - it’s changing how the market does business
Confirmed delays to Blueprint Two’s roll out have been described as a ’blessing in disguise’, however
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News Analysis
Revealed: Who won at the Insurance Times Awards 2022?
With gold, silver and bronze awards across 36 categories, the winners from last night’s Insurance Times Awards have now been revealed
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News Analysis
Loss adjusters must use ‘skill’ to ensure sums insured are correct amid inflationary pressures
Inflation has driven up the cost of building materials, impacting the claims sector – but loss adjusters have a key communications role to play to mitigate underinsurance
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News Analysis
AI presents opportunity to show customers that insurance ‘values’ their data
Business operation leads should ensure that the implementation of artificial intelligence and machine learning tools is effective and targeted
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News Analysis
The Big Question December 2022: What are the challenges and opportunities for insurance firms in 2023?
With the new year on the horizon, Insurance Times quizzes industry experts on what the insurance sector should watch out for in 2023
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News Analysis
What will new regulations for appointed representatives mean for the industry?
The new AR regime is essentially ‘devolved regulation’, says managing director
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News
UK government sets out final reform plan for Solvency II
The chancellor has confirmed that the risk margin for general insurance businesses will be lowered by 30%
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News Analysis
Will appetite for UK broker schemes dwindle amid ‘stark drop’ in possible commission earnings?
One line of business presents a silver lining, however, reporting a 10% growth in brokers’ commission earnings as a percentage of premium between April and October 2022
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News Analysis
The Big Question November 2022: How can brokers navigate cost of living client conversations amid insurers’ inflation hit rates?
Insurers are having to increase rates as a result of inflation, but end customers may struggle to pay these prices due to the cost of living crisis. Insurance Times asks industry leaders how brokers can navigate these conversations
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News Analysis
MGA financials under the spotlight
Insurance DataLab reveals the preliminary findings of its 2022 MGA performance report exclusively in Insurance Times, rating the performance of MGAs based on their financial performance
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News Analysis
Are UK brokers using data analysis as the ‘main driver’ for personal lines cross-selling?
The cost of living crisis could be a catalyst to spur brokers to tap into data and cross-selling opportunities as end clients carefully consider their finances and insurance providers
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News Analysis
Brokers have ‘key role’ to unlock cyber cover options for SME market
Generalist, High Street and regional brokers must not ‘shy away’ from client conversations around cyber cover if penetration of this type of insurance is to improve
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News
Insurers welcome High Court decision in Stonegate Group Covid-linked BI case
The pub and restaurant business is planning to appeal aspects of the court’s decision, while insurers have called the judgment ‘a positive outcome’
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News Analysis
ValueSpace: The insurtech planning to improve insurers’ combined operating ratios by de-risking dams
The former Lloyd’s Lab participant believes dam failure can be classified as a black swan event
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News Analysis
Neurodivergence – the ‘absolute commercial opportunity’ for insurance firms
Insurance firms can benefit from hiring neurodivergent individuals, but more work needs to be done
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News Analysis
Insurers spooked as Halloween’s ‘mischief night’ approaches
With Halloween fast approaching, many insurers will be on their guard as the night is one the biggest for car theft, vandalism, fires and burglaries – but the need for cover doesn’t end there for some haunted customers