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Showing posts from May, 2023

Applied approaching 100 Epic milestone

Applied Systems has 72 brokers live on Epic in the UK and is onboarding another 30 customers that have already been won which will take the total over 100 by the end of the year, Europe CEO Tom Needs confirmed to Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/W2sUZPr

Qlaims inks multi-year deal with Prestige Underwriting

Qlaims has signed a multiyear contract to include its cover in the Prestige Underwriting Coverall household policy, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/UMisoq6

NFU Mutual, Gallagher, Markel and Skyline Partners team up on pioneering product for dairy farmers

A quartet of specialists have joined forces to create the UK’s first parametric heat-stress insurance for dairy farmers. from Insurer - insuranceage.co.uk https://ift.tt/Ld5rq9b

Amazon adds Policy Expert to insurance store

Personal lines specialist Policy Expert has joined the Amazon Insurance Store, taking the number of providers up to four. from Insurer - insuranceage.co.uk https://ift.tt/5Fu2i34

Zurich partners with brokers on digital risk management system

Zurich UK launches a digital risk management system to give firms real-time visibility of the risks they face, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/FdAfCen

People Moves: 15 – 19 May 2023

Keep up-to-date with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/cLqmI6t

Brokers raise concerns about FCA’s regulatory and compliance burden

In roundtables hosted by Zurich and the APPG for Insurance and Financial Services, brokers flagged their concerns about the regulatory and compliance burden created by the Financial Conduct Authority and claimed it is affecting the financial resilience of the sector. from Insurer - insuranceage.co.uk https://ift.tt/4Gl0EfJ

Funds transfer fraud replaces ransomware as leading cyber claims type, says Coalition

Ransomware claims frequency dropped 54% between 2021 and 2022, according to a report by cyber specialist insurer Coalition. from Insurer - insuranceage.co.uk https://ift.tt/kU5q3Ae

FCA survey data tracks 13% of consumers cut insurance due to cost-of-living crisis

Over six million people cut or cancelled insurance cover in the six months to January 2023 to save money in the cost-of-living crisis, the Financial Conduct Authority has calculated. from Insurer - insuranceage.co.uk https://ift.tt/C7sb4TM

Aviva boss David Martin on empowering branches for brokers and delivering growth

Aviva delivered 200 authority and licence changes for underwriters dealing with brokers in just the first quarter of 2023, as it pushed ahead on empowering branches, managing director of UKGI distribution & SME David Martin has told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/mSTlb8z

Konsileo appoints 100th broker

Fast-growing commercial brokerage Konsileo has appointed its 100th broker as its run rate gross written premium tops £40m. from Insurer - insuranceage.co.uk https://ift.tt/SMePmpV

RSA survey pinpoints broker challenge of clients amending or cancelling insurance in light of economic uncertainty

More than three quarters of brokers have seen clients change policies in the past six months as they prepare for further economic uncertainty, according to research by RSA. from Insurer - insuranceage.co.uk https://ift.tt/jq38LX0

RSA looks to add 200 more brokers in a year

RSA set a target of adding 200 more brokers to its portfolio within the next 12 months according to sales and distribution director, Alex Hardy. from Insurer - insuranceage.co.uk https://ift.tt/ljuAohF

People Moves: 9 - 12 May 2023

Stay in the loop with insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/saKUked

National Cyber Security Centre urges businesses not to pay ransomware demands

The CEO of the National Cyber Security Centre, Lindy Cameron, has urged businesses not to pay cyber criminals’ ransom and to instead set up reliable defence systems. from Insurer - insuranceage.co.uk https://ift.tt/MUPV4id

People Moves: 2 – 5 May 2023

Keep up-to-date with personnel moves within the insurance industry. from Insurer - insuranceage.co.uk https://ift.tt/3oDjVTF

SRG adds to MGA offering with medical professional liability specialist

Specialist Risk Group has bought London and Gibraltar-based The Medical Professional Liability Company. from Insurer - insuranceage.co.uk https://ift.tt/YtgpNd9

Howden Group posts M&A cash spend

Documents show how much the broking group spent in cash on UK deals, including Aston Lark and A-Plan. from Insurer - insuranceage.co.uk https://ift.tt/BP5wjo7

Allianz to close Home & Legacy

Allianz is to put mid and high net worth specialist Home & Legacy into run-off, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/4pmeUBt

Allianz to help brokers with underinsurance concerns

Brokers are requesting additional insurer support on valuations of businesses including SMEs according to director of digital trading at Allianz UK, Helen Bryant. from Insurer - insuranceage.co.uk https://ift.tt/rn6sK1P