All articles by Yiannis Kotoulas – Page 21
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NewsLatest OIC performance data show claims volumes remain low
Low percentages of claims originating from unrepresented claimants now ‘part of an established pattern’, says executive director
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NewsLloyd’s of London resets systems following potential cyber attack
The international insurance marketplace detected ‘unusual activity’ on its network last night, it told Insurance Times
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News AnalysisIn Focus: Have commercial lines brokers been slow to pursue digital transformation and what progress has been made in 2022?
Three industry experts discuss the progress of digital transformation in the commercial lines broking space
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NewsNew environmentally friendly motor insurer launched
Zixty will provide carbon footprint offsetting to its short term motor customers as part of its cover
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News AnalysisIn Focus: Commercial lines brokers have ‘key role’ to play in supporting struggling hospitality clients through turbulent times
Pubs and restaurants are in a ’precarious position’ and face ’significant headwinds’ from a range of economic factors that brokers must try to mitigate as much as possible
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NewsEcclesiastical posts improved COR of 88.8% for H1 2022
The specialist insurer also saw its GWP rise to £261.9m
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NewsTelematics broker to tackle impacts of menopause in the workplace
Talking about the menopause ‘open’ is essential to breaking the ‘social taboo’, says chief executive
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NewsFCA sets out potential reforms to multi-occupancy buildings insurance market
Biba has welcomed the findings of the report and said it appreciated the regulator’s engagement with its members while gathering information
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NewsLloyd’s syndicates returned to profit in 2021 – Insurance DataLab
Controlling claims costs and operating expenses will soon become a “key battleground” for the market, says co-founder
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AnalysisMGAA targeting ‘every MGA in the UK and Ireland’ for membership
The trade body’s ‘clear objective’ is to provide ‘relevant’ support and content for both its current and future members
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NewsChanged government should not impact counter fraud elements of Online Safety Bill – Ofcom
The new prime minister has confirmed that her government would proceed with the passage of the bill
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NewsLloyd’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
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NewsLloyd’s of London reports COR of 91.4% for H1 2022
The market also achieved an underwriting profit of £1.2bn for the period
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NewsNew chancellor summons insurance leaders to Treasury
Kwarteng said his attention would immediately focus on minimising the impact of the cost of living crisis
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AnalysisCost of living crisis drives greater fraud volume and frequency from non-traditional sources
Counter fraud experts explained that difficult economic conditions are leading to increased levels of fraud from non-traditional perpetrators, necessitating a rethink of existing anti-fraud models
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NewsSchools want more crime and risk guidance from brokers – Ecclesiastical
The results of the insurer’s survey highlight an opportunity for brokers to engage with education clients
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NewsMotor manufacturer data could be the ‘Holy Grail’ for improving telematics insurance
Partnering with motor manufacturers to leverage this data could also create new partnerships for the insurance sector, says chief executive
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NewsIUA tackles high-rise fire safety risks with new model insurance clause
The representative body hopes that its new clause will provide underwriters with ‘greater confidence to offer effective insurance solutions’ to firms that are working to remove dangerous cladding from high-rise buildings
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NewsMarkerstudy Group appoints new head of counter fraud
The new hire has over 20 years’ experience in fighting fraud within the insurance sector
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NewsD&O insurance pricing down – Aon
Despite branding market conditions for the line as moderate, the broker noted that pricing fell, capacity was abundant and underwriting was more flexible
