All articles by Yiannis Kotoulas – Page 23
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News‘Lots of uncertainty’ remains over OIC portal – Admiral
Some ramifications of the portal are clear, but more time is needed to fully understand others
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NewsCyber insurance cost has more than doubled year-on-year – Howden
Pricing for cyber insurance is approaching the ‘limits of economic viability for some’, says executive director
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NewsQBE appoints chief data officer
The new appointee’s ‘significant experience’ will help the firm develop a new data strategy
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NewsBike theft fell significantly in 2021 – Bikmo
The specialist cycling insurer says the drop in bike theft is part of ‘an emerging pattern’
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NewsWhiplash reforms have ‘dampened a rise in claims’ – MoJ’s David Parkin
Plus, the Official Injury Claim portal has not been ‘swamped by CMCs’ as predicted, says deputy director
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NewsFCA urges insurance intermediaries to address ‘significant risks of potential harm’
The regulator said it has continued to observe ’ineffective governance and control arrangements’ from insurance intermediaries
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Analysis‘Very aggressive segmentation’ set to replace price walking as profit-making tool for insurers
With customers having less incentive to shop around following the FCA eliminating price walking, how can underwriters leverage data to offer discounts to their least risky customers?
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NewsClimate 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
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NewsUK cyber rates increased by more than 30% in 2022’s Q1 – Aon
Underwriting cyber risks remains ‘time consuming and demanding’, according to the broker
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NewsGove welcomes FCA findings on buildings insurance market
The secretary of state is also ‘keen to review’ the insurance industry’s role in contributing to ‘high premiums’ for leaseholders
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NewsAnti-fraud focused OIC portal amendments are vital for the future
The current portal’s set up is a ‘fraudsters’ paradise’, says Carpenters Group director
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NewsThe Ardonagh Group posts 29% adjusted ebitda growth for Q1 2022
The broker also reported a 44% increase in total income for 2022’s first quarter
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NewsTop Premier League clubs to pursue BI claim against major insurers
A ruling in this case could represent a ‘new test case’ for business interruption claims
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NewsRegulation becoming ‘almost inevitable’ as cyber threats increase
The cyber threat environment is ’incredibly volatile’, adds chief executive
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NewsPIB buys Spanish specialist broker
The purchase represents a continuation of the firm’s strategy to turn towards European M&A
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NewsFCA confirms significant delays in M&A process
Firms looking to complete acquisitions could face waits of over two months for regulator approval
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NewsRising inflation is of ‘serious political concern’ to insurance sector – Elisha Walia
The insurance sector should not assume that the economic environment is ‘transitory’
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NewsRegulation in the ‘age of acceleration’ represents a ‘black elephant’ for the sector
Quick-fire technology developments mean the government is at risk of ’regulating the previous innovation, rather than the next’
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NewsFCA considering ‘rules to limit commission’ for multioccupancy buildings insurance
The regulator is collecting data from the insurance industry to help inform ‘potential interventions’, says executive director for consumers and competition
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NewsSpecialist insurer launches bespoke scheme for sports sector via new partnership
The partnership will provide flexibility to cover sector-specific risks, says director
