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Showing posts from November, 2022

Ghost broking still a major problem as Aviva’s application fraud rises 16%

Aviva’s application fraud is on the rise, with ghost broking making up 15% of all policy fraud. from Insurer - insuranceage.co.uk https://ift.tt/OtYLaoZ

Allianz Commercial launches new programme in bid to support independent brokers

Allianz Commercial has launched an Accelerator programme to support independent brokers and has revealed plans to recruit 30 underwriters. from Insurer - insuranceage.co.uk https://ift.tt/ayZS0Nk

People Moves: 21-25 November 2022

Keep up to date with the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/qKQNMS6

EY: UK motor and home insurers to report largest losses in a decade

According to a report by EY, UK motor and home insurers are expected to make the biggest annual loss in over a decade this year, with further losses forecast for 2023. from Insurer - insuranceage.co.uk https://ift.tt/GiZOHmJ

Sheldon Mills insists that ‘we must not lose sight’ on diversity and inclusion

The Financial Conduct Authority’s Sheldon Mills has urged the industry to do more on ensuring diverse representation and inclusive cultures. from Insurer - insuranceage.co.uk https://ift.tt/17W8nYH

Broker insurance fraud cheat given suspended prison sentence

Lois Cartridge from Bournemouth, an insurance account handler at a broker, has been given given a custodial sentence of 16 weeks, suspended for 12 months, and ordered to pay costs of over £20,000 after exaggerating the severity of her whiplash claim. from Insurer - insuranceage.co.uk https://ift.tt/tobKeDE

Airmic CEO warns industry of challenging times ahead

Julia Graham, CEO at Airmic, has stressed the harsh market has given insurers and brokers new challenges and that difficult times are ahead. from Insurer - insuranceage.co.uk https://ift.tt/h8mUtXF

ABI publishes new Blueprint to help improve diversity and inclusion

The Association of British Insurers has published a new Blueprint which sets out a multi-year strategy and plan to improve diversity, equity and inclusion across the insurance and long-term savings industry. from Insurer - insuranceage.co.uk https://ift.tt/jwimlFW

Brokers should harness IT to ‘keep doors open’ for new capacity providers

CEO of Insly, Risto Rossar, has insisted that schemes brokers and managing general agents should not rely too heavily on their capacity provider's IT systems and keep their doors open to new partners. from Insurer - insuranceage.co.uk https://ift.tt/MVqxP1Z

Industry gears up for 2022 Insurance Day of Giving

Insurance United Against Dementia is preparing for the latest Insurance Day of Giving with several firms already committed to raising money for the Alzheimer’s Society. from Insurer - insuranceage.co.uk https://ift.tt/JxWH1q3

Aviva forecasts £25bn UK investment power boost from Solvency II reforms

The Association of British Insurers has backed the government’s Solvency II reform package which Chancellor Jeremy Hunt said will “unlock tens of billions of pounds of investment for our growth-enhancing industries”. from Insurer - insuranceage.co.uk https://ift.tt/3XQ6WOe

Biba and ABI welcome IPT freeze

The British Insurance Brokers’ Association and the Association of British Insurers have both welcomed the decision by Chancellor Jeremy Hunt not to raise the level of insurance premium tax. from Insurer - insuranceage.co.uk https://ift.tt/BfgOSGz

Q&A: Joanne Marriott – president of Nottingham Insurance Institute

Joanne Marriott has been part of the Nottingham Insurance Institute for 20 years. Elected president in 2021 Marriott was re-elected for a further year in 2022. In an exclusive Q&A with Insurance Age she tackles insurer service, attracting talent to the industry, the local market, her plans for 2023 and more. from Insurer - insuranceage.co.uk https://ift.tt/2C4HwWK

US insurtech Vouch invests in broking start-up Capsule

San Francisco-based Vouch has invested in the UK insurance broker Capsule. from Insurer - insuranceage.co.uk https://ift.tt/ZiTVJln

Iprism buys Metier Underwriting

Managing general agent Iprism has struck its first deal buying specialist underwriting agency Metier Underwriting for an undisclosed sum, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/MxYgEp2

News analysis: RSA's big challenge - turning around broker service

RSA is investing in its broker service as it aims to reverse years of decline. Having published its strategic roadmap for 2025, Saxon East discovers that although there is plenty of goodwill, it faces a battle to convince brokers it can achieve its goals from Insurer - insuranceage.co.uk https://ift.tt/aS7154m

FCA ramps up intervention on rogue financial promotions

The Financial Conduct Authority has revealed that it intervened to amend or withdraw 4,151 financial promotions between July and September. from Insurer - insuranceage.co.uk https://ift.tt/3GROXVh

Commercial Express launches residential property owners scheme

Commercial Express has launched a residential property owners product, Let Secure, underwritten by Covéa. from Insurer - insuranceage.co.uk https://ift.tt/qDOZpvT

Biba issues series of commitments after FCA flat insurance report

The British Insurance Brokers’ Association has set out a series of commitments to the Financial Conduct Authority and the government to help achieve better outcomes for leaseholders, especially those living in high rise residential buildings that require remediation work, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/o4ULhH9

People Moves: 31 October - 4 November 2022

Keep up to date with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/FMErxLm

‘Ridiculous’ – FCA fair value broker paperwork hours revealed

Calculations by the British Insurance Brokers' Association have shown brokers are working thousands of hours to complete fair value assessments. from Insurer - insuranceage.co.uk https://ift.tt/rPhUVYG

Premier League clubs continue battle against insurers in BI court case

Premier League clubs are continuing their battle against insurers Allianz, Aviva, CNA, Liberty Mutual, MS Amlin and Zurich in a dispute over business interruption payments. from Insurer - insuranceage.co.uk https://ift.tt/szL83mW