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AI usage in insurance is an ‘evolution, not revolution’ – Hiscox
Briefing: Ifed showcases suite of enforcement tools and partnerships in fight against fraud
Nearly half of brokers consider the regulatory environment in the UK insurance market ‘too restrictive’
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Solvency
News Analysis
Solvency 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
News
Financial reforms ‘only effective’ if taken advantage of by insurance sector – Secretary to the Treasury
Insurance ’is one of the industries that can make the biggest difference in terms of investment to grow our economy,’ says City minister
News Analysis
Briefing: Upcoming industry ‘stress test’ should pose no problems for UK insurers
The general insurance industry should pass the regulator’s test with flying colours, says acting editor
News Analysis
Gibraltarian insurers still reporting lower solvency positions than UK
With the Insurance Times Top 50 Insurers report out this month, data provider Insurance DataLab takes a look at the solvency positions of insurers across the UK and Gibraltarian insurance markets.
News Analysis
In Focus: How will Solvency II reforms affect general insurance?
Industry experts chime in on the advantages and risks of Solvency II
News
Opportunity for Solvency II reform is ‘significant’ – Amanda Blanc
Aviva plans to ‘invest more into UK infrastructure’, says group chief executive
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
News
Current solvency capital requirements not limiting investment from general insurers – GlobalData
The UK government will need to ‘encourage’ or ‘incentivise’ firms to invest more capital if it decides to relax regulations, says senior insurance analyst
News Analysis
Briefing: ‘Casualties’ could arise in insurtech sector due to ‘funding shortfalls’
Broker CEO Forum delegates debate how the current macroeconomic climate is impacting insurtechs and what solutions these firms are looking at deploying
News
Recession hits construction firms hard
To avoid insolvencies, the insurance industry has a responsibility to provide clarity and understanding for clients
News
Lloyd’s of London’s reserving for Ukraine crisis is a 'sensible reserve position’
Lloyd’s had arrived at its reserving figure for Ukraine-related claims via a ’probability weighted exposure reserving method’, says chief financial officer
News
Lloyd’s receives regulatory approval to establish second PCC
London Bridge PCC will expand the marketplace’s capabilities in line with its strategy
Analysis
Inflation-driven underinsurance demands tough talk from brokers
Brokers cannot be the ‘Father Christmas’ of low premiums amid inflation and supply chain squeezes, yet they can be the ‘antidote’ to underinsurance
Analysis
Opinion: Value add support services must be promoted to avoid cover corner cutting
Editor Katie Scott discusses the role of insurance firms and risk management amid current inflationary pressures
News
Climate change will become a ‘persistent drag’ on insurers’ profitability
Projections show that insurers are likely to be able to bear the costs of the transition to net zero, however
News
Devon-based broker no longer trading after compulsory liquidation
The broker breached the regulator’s Principle 11
News
Insurers must prepare to pay interim material costs for cashflow concerned builders
Insurers ‘can expect a much wider range of project costs than normal’, predicts senior surveyor
News
Broker warns many classes still challenging as industry prepares for 2022
However, the professional indemnity market is ‘starting to plateau’
Analysis
Briefing: Has Solvency II impacted Gibraltar’s attractiveness?
Solvency II has changed Gibraltar. Can it continue to attract insurance firms?
News
FCA launches consultation to crack down on appointed representative model
Amid fears of mis-selling, the regulator reveals that ‘the level of harm we are currently seeing is too high’
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