Insurance Wiki How

As the professional indemnity market continues to be beset by ever more challenges Nic Brown, of Markel UK, explains why the successful placement or renewal of cover now, more than ever, relies on strong partnerships between insurer, broker and insured. from Insurer - insuranceage.co.uk https://ift.tt/4Bp2Qhu

Stay informed of the top personnel changes in insurance. from Insurer - insuranceage.co.uk https://ift.tt/aTf3FBv

The British Insurance Brokers’ Association has welcomed the decision to give firms a 12-month window to implement the requirements for the new Consumer Duty. from Insurer - insuranceage.co.uk https://ift.tt/je41hoQ

Spring Insure has launched a commercial cyber offering tailored for small and medium sized enterprises. from Insurer - insuranceage.co.uk https://ift.tt/YAREh7G

The Insurance Fraud Bureau has warned that more than 5,000 people were added to the Insurance Fraud Register in the past 12 months. from Insurer - insuranceage.co.uk https://ift.tt/BjTCYg6

UK General’s latest filing at Companies House has revealed the personal lines specialist, which lost £9.13m in nine months up to 30 March 2021, is up for sale. from Insurer - insuranceage.co.uk https://ift.tt/hbyzsJB

GI businesses in the UK reported just 662 staff, including three senior managers, to the regulator for conduct breaches in 2021 according to a Freedom of Information request by Sicsic Advisory. from Insurer - insuranceage.co.uk https://ift.tt/M4IhgvO

Beazley has reported an improved combined operating ratio of 87% for the first half of 2022, from 94% delivered in the same period last year. from Insurer - insuranceage.co.uk https://ift.tt/kXF9syE

Stay informed of the top personnel changes in insurance. from Insurer - insuranceage.co.uk https://ift.tt/1EpdmUi

The cost of comprehensive car insurance rose by £32 in the last 12 months, according to research by Confused and WTW. from Insurer - insuranceage.co.uk https://ift.tt/ihdVwFB

The current Chancellor of the Exchequer, Nadim Zahawi, has pledged that laws will be changed under the newly-published Financial Services and Markets Bill. from Insurer - insuranceage.co.uk https://ift.tt/DAMRwgp

Allianz Holdings has appointed Ashish Patel as chief operating officer after Stephanie Smith left at the end of 2021. from Insurer - insuranceage.co.uk https://ift.tt/orZpl2D

Small firms are encountering widespread problems in their dealings with the insurance market and rising premium costs, a new report has found. from Insurer - insuranceage.co.uk https://ift.tt/9sanDHk

The Financial Ombudsman Service has highlighted a 33.4% fall in complaints about insurance pricing in 2021/22. from Insurer - insuranceage.co.uk https://ift.tt/BLEyajc

HSB UK and Ireland, part of Munch Re, has bought together its business development, customer trading and claims areas under a newly created commercial division. from Insurer - insuranceage.co.uk https://ift.tt/iWwPjTE

The Jensten Group has acquired Leeds-based broker Ravenhall Risk Solutions for an undisclosed sum. from Insurer - insuranceage.co.uk https://ift.tt/CwFvL7a

RSA has delivered a new domestic abuse policy to support employees who may be suffering as victims of domestic abuse. from Insurer - insuranceage.co.uk https://ift.tt/rp1hKOq

Specialists have highlighted the benefits to brokers of delivering parametric insurance to their clients and warned they will lose out if they do not engage with the fast-expanding offering that is becoming more mainstream. from Insurer - insuranceage.co.uk https://ift.tt/Yx9EKsu

Allianz’s Kay Bagley analyses the opportunities for brokers in working closely with claims relationship managers looking at how to build partnerships that add value and deliver excellent customer outcomes. from Insurer - insuranceage.co.uk https://ift.tt/IwfS1dt

Does the insurtech sector offer brokers a land of opportunity or is it more about style over substance? Rachel Gordon reports. from Insurer - insuranceage.co.uk https://ift.tt/E4eVGvZ

Arch Insurance has joined the British Insurance Brokers’ Association as a partner following in the footsteps of recent additions Covéa Insurance and Travelers Europe. from Insurer - insuranceage.co.uk https://ift.tt/dvpwr4x

Ripe Thinking has reported a 24% rise in turnover to £23.27m for 2021. from Insurer - insuranceage.co.uk https://ift.tt/NIQ3e14

Stay informed of the top personnel changes in insurance. from Insurer - insuranceage.co.uk https://ift.tt/102GNKH

Consumer trust in insurance has fallen over the past 12 months, but experts can see a route to a brighter future. Emmanuel Kenning reports. from Insurer - insuranceage.co.uk https://ift.tt/IkDbNfZ

WTW has warned UK motor claims inflation is expected to accelerate in 2022 after pandemic disruption caused a slowdown in the average time taken to settle claims which acted as a temporary break on rises. from Insurer - insuranceage.co.uk https://ift.tt/KmJGFoU

Gross written premium in Sabre’s motor book has dropped around 10.6% compared to the same period in 2021, the insurer has revealed in its half year results. from Insurer - insuranceage.co.uk https://ift.tt/MeA6Duv

The electric vehicle and hybrid market is set to grow exponentially in the next decade as UK motorists are encouraged to transition from internal combustion engines. Our expert panel and sponsor AX learn more. from Insurer - insuranceage.co.uk https://ift.tt/u6VCSwX

Property specialist Avantia has reported revenue of £26.58m in 2021 with a reinvestment by ECI Partners. from Insurer - insuranceage.co.uk https://ift.tt/3jQZuFR

Insurance Age rounds up the key stories from the insurance sector’s environmental and social governance agenda, featuring Aviva, Brit Insurance, Romero Group and Partners&. from Insurer - insuranceage.co.uk https://ift.tt/gZ4XxkS

Just Travel Cover, a leisure travel insurance specialist and insurance product and service provider, has bought the travel insurance and scheme specialist business Alpha Underwriting from CPP Secure. from Insurer - insuranceage.co.uk https://ift.tt/pOvEF6y

Flood Re has reported covering 256,634 policies in the year ended 31 March 2022, up 17.7% on the previous 12 months. from Insurer - insuranceage.co.uk https://ift.tt/BZeJO3N

The Financial Services Compensation Scheme has revealed that the broker levy pot paid out £7m in compensation in 2021/22, less than half the £15m total in 2020/21. from Insurer - insuranceage.co.uk https://ift.tt/ALclwIQ

Rodney Bruce Van der Puye has been sentenced to 21 months imprisonment suspended for two years and ordered to complete 180 hours of unpaid work for acting as an illegal insurance intermediary. from Insurer - insuranceage.co.uk https://ift.tt/3P9UQKW

The British Insurance Brokers’ Association has added Covéa Insurance to its roster of partners taking the total to 20. from Insurer - insuranceage.co.uk https://ift.tt/zGotry7

AM Best has upgraded the financial strength rating of Aviva Insurance to A+ (Superior) from A (Excellent). from Insurer - insuranceage.co.uk https://ift.tt/ixYCLO7

CDL has reported a rise in profit after tax to £11.2m in 2021, up from £9.8m the year before. from Insurer - insuranceage.co.uk https://ift.tt/5RvQBOH

Few Inns has launched court proceedings against Towergate over a Gable policy which failed to pay out following a fire at one of its pubs in 2015. from Insurer - insuranceage.co.uk https://ift.tt/EDMqar5

Lorega will go to the “next level” under Ardonagh’s ownership, former leader and current CEO of Vizion Insurance Brokers John Sims has predicted. from Insurer - insuranceage.co.uk https://ift.tt/DnaxOZB

Rock Insurance has developed its relationship with Axa Partners with a multi-million pound deal which will see the insurer underwrite a range of travel products. from Insurer - insuranceage.co.uk https://ift.tt/FrzxlyV

Michael Sicsic addresses the key points in the regulator’s latest data missive flagging “there really are going to be very few places for bad operators left to hide”. from Insurer - insuranceage.co.uk https://ift.tt/iJFv1C6

Ardonagh’s managing general agent segment Geo Underwriting has bought loss recovery insurance MGA and assistance specialist Lorega, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/P09wDoA

Acturis grew revenues by 6.7% in 2021 to £111.9m, its 20th consecutive year of revenue growth. from Insurer - insuranceage.co.uk https://ift.tt/q2eND7P

UK motor insurers achieved a profit in 2021 but will slip back into the red this year and next, EY has forecast. from Insurer - insuranceage.co.uk https://ift.tt/ZIRE7eA