Insurance Wiki How

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024. from Insurer - insuranceage.co.uk https://ift.tt/7LMqfcv

Lloyd’s swung back into the black in 2023 with £10.7bn of pre-tax profit reversing a red ink loss of £800m the year before. from Insurer - insuranceage.co.uk https://ift.tt/AYNVt7u

Independent insurance research consultancy Gracechurch has handed Arch and Allianz Commercial accolades as its first UK regional market underwriting service quality marque achievers. from Insurer - insuranceage.co.uk https://ift.tt/JSM9tAr

The Financial Conduct Authority has confirmed finding evidence that suggests motor insurers are offering customers less than the full value of written-off or stolen vehicles and, in some cases, only increasing offers when a customer complains. from Insurer - insuranceage.co.uk https://ift.tt/zHNqusj

A total of 34 law firms closed due to lack of professional indemnity insurance in 2022/23 up to the end of October, the lowest level since 2018/19. from Insurer - insuranceage.co.uk https://ift.tt/jOA6iBI

Talanx Group-owned HDI Global has reported growing insurance revenue by 10% to €9.1bn (£7.8bn) in 2023 as it highlighted expansion in the UK and Ireland. from Insurer - insuranceage.co.uk https://ift.tt/IVsUAKr

Chaucer has revealed plans to enter the weather insurance market, starting with a parametric product to cover non-damage business interruption. from Insurer - insuranceage.co.uk https://ift.tt/8hO5DIm

Axa Commercial has appointed ex-Zurich leader Paul Tombs as director of its SME Intermediary business, starting in the summer. from Insurer - insuranceage.co.uk https://ift.tt/Awl21XO

After being rebuffed twice Ageas has ended its pursuit of Direct Line Group having valued the business at over £3.1bn. from Insurer - insuranceage.co.uk https://ift.tt/NC9gbR2

Ecclesiastical Insurance upped its gross written premium in the UK and Ireland by 15.9% last year to £399.7m, but its combined operating ratio also rose to 92.1% from 87.1% in 2022. from Insurer - insuranceage.co.uk https://ift.tt/NW5g9FO

Hiscox has partnered with punk poet Dr John Cooper Clarke, naming him its first ‘(under)writer in residence’ as part of a new campaign. from Insurer - insuranceage.co.uk https://ift.tt/wn6xkFp

Direct Line Group has revealed a £189.5m loss from ongoing operations as the sale of NIG pushed the insurer into profit for 2023. from Insurer - insuranceage.co.uk https://ift.tt/anm6VcX

Sabre is in discussions with larger motorcycle brokers and confident of adding two new partners towards the end of 2024 and into next year, CEO Geoff Carter told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/0B4HFfd

Motor specialist Sabre grew gross written premiums by 31% to £225.1m last year and improved its combined operating ratio to 86.3% from 93.4%. from Insurer - insuranceage.co.uk https://ift.tt/KDB1Utd

Brokers have raised concerns about the impact on the sector if Ageas snaps up Direct Line but expressed confidence in the potential buyer’s management should a deal come to pass. from Insurer - insuranceage.co.uk https://ift.tt/8oLlcIO

HSB has recruited David Swigciski from Das as managing director of Premier Guarantee succeeding Jacki Goodman who retired at the end of 2023. from Insurer - insuranceage.co.uk https://ift.tt/w0jNcCS

Michelle Taylor, Aviva strategic accounts director, aims to be responsive and visible for brokers and sees opportunities after the insurer signed up to buy Probitas. from Insurer - insuranceage.co.uk https://ift.tt/JYo5cGA

Insurance leaders remain optimistic about growth but trail banking and asset and wealth management bosses who are even more upbeat, according to a survey by KMPG UK. from Insurer - insuranceage.co.uk https://ift.tt/8jrdwmc

With a ‘breath of fresh air’ Latin-inspired name, CEO Gareth Roberts, pictured second right, explains why Ventis’ USPs of rapid service and sector expertise are helping it gain traction in the real estate market. from Insurer - insuranceage.co.uk https://ift.tt/kBSy7QL

Described as a ‘sleeping giant’ of the insurance market, brokers should wise up to the opportunities offered by trade credit. Especially, as Martin Friel discovers, recent geo-political events mean this vital safety for businesses is edging to toward the mainstream. from Insurer - insuranceage.co.uk https://ift.tt/JmrdlL9

The onus on firms to satisfy themselves about fair value under the Consumer Duty is “not a Trojan horse for price regulation”, according to Nikhil Rathi, CEO of the Financial Conduct Authority. from Insurer - insuranceage.co.uk https://ift.tt/B5fMdLS

As Allianz rebrands its digital motor insurance product Flow, Insurance Age caught up with managing director of UK retail Henry Topham to hear about his route into insurance and what benefits brokers get from the provider’s omni-channel approach. from Insurer - insuranceage.co.uk https://ift.tt/LqSfukM

A reinsurance facility aimed at increasing competition in the insurance market for properties affected by dangerous cladding and other fire safety issues has been unveiled ahead of launching on 1 April. from Insurer - insuranceage.co.uk https://ift.tt/28qVFlQ

Direct Line Group has rejected a second takeover proposal from Ageas labelling it uncertain, unattractive and highly opportunistic. from Insurer - insuranceage.co.uk https://ift.tt/5nsXr3N

The Financial Conduct Authority has warned of a clone claiming to be Admiral Insurance. from Insurer - insuranceage.co.uk https://ift.tt/gdil3UX

Commercial Express has launched a courier package product, designed for brokers whose clients are couriers or delivery drivers using vans or cars in the UK. from Insurer - insuranceage.co.uk https://ift.tt/tMQqWU8

Zurich UK faced down £78.5m in fraudulent claims last year, equating to £215,117 a day. from Insurer - insuranceage.co.uk https://ift.tt/I8Oune2

The over-50s and returners are a large talent pool that brokers are missing out on. Rosie Simms looks into how this demographic can help win the war for talent after a specialist partner with significant intermediary support pulls out. from Insurer - insuranceage.co.uk https://ift.tt/osvYA8F

For International Women’s Day, Insurance Age discussed with Geo Underwriting leader Jaime Swindle how women should embrace their different approach to their male colleagues. from Insurer - insuranceage.co.uk https://ift.tt/xgVNvFS

Aspen Insurance has confirmed Sarah Stanford as UK CEO having held the post on an interim basis since 17 January. from Insurer - insuranceage.co.uk https://ift.tt/boCVvYX

For International Women’s Day, Insurance Age spoke with Jacqui Kelly, Zurich’s head of sales and distribution to see what the industry can do to help promote women up into more senior roles. from Insurer - insuranceage.co.uk https://ift.tt/Sl0wKNR

Jason Storah, CEO of UK and Ireland general insurance at Aviva, has hailed the insurer’s “really strong” results and promised brokers will benefit from the Probitas deal in 2024 alongside ongoing commitment and stability across commercial and personal lines. from Insurer - insuranceage.co.uk https://ift.tt/3CtZO9J

Aviva will maintain a “selective and disciplined approach” to mergers and acquisitions, according to group CEO Amanda Blanc as she indicated the insurer is not eyeing-up synergies with a Direct Line bid. from Insurer - insuranceage.co.uk https://ift.tt/Zy4SEc9

Aviva grew premiums in the UK by 16% last year to £6.19bn with rises across both commercial and personal lines. from Insurer - insuranceage.co.uk https://ift.tt/j0TFblX

The average quoted price of home insurance increased by 40.6% in the 12 months to January – the highest annual increase since Consumer Intelligence began tracking prices in 2014. from Insurer - insuranceage.co.uk https://ift.tt/x0rSGzj

Zurich has grown its partnership with digital broker Simply Business to provide commercial combined quotes for businesses with a turnover of £750,000 or more. from Insurer - insuranceage.co.uk https://ift.tt/PWMy1dQ

RSA has launched a group personal accident and business travel cover designed to give organisations and their employees “always-on protection”. from Insurer - insuranceage.co.uk https://ift.tt/EiOoslI

Hiscox grew gross written premiums across its SME and personal lines books in the UK by 2.4%, stripping out the effect of currency exchange, to $793.8m (£625.7m) in 2023. from Insurer - insuranceage.co.uk https://ift.tt/R2z5CBE

Following his appearance on last week’s episode of BBC’s The Apprentice, Insurance Age caught up with Adam Moss from Allianz to talk through the insurer’s role in the latest challenge in which the teams had to launch a Formula E brand - and sell sponsorship. from Insurer - insuranceage.co.uk https://ift.tt/AzdwEpi

Aviva has signed up to buy all of Probitas for £242m, signalling a return to the Lloyd’s market. from Insurer - insuranceage.co.uk https://ift.tt/codgYiE

Motor insurance has remained in the top five most-complained-about products with buildings insurance also joining the list, according to the Financial Ombudsman Service as it released data for October to December last year. from Insurer - insuranceage.co.uk https://ift.tt/UaxrKfM

BSpoke Group has completed the acquisition of the personal lines business of the Police and Forces Mutual businesses, Police Mutual Healthcare and Police Mutual General Insurance, from Royal London. from Insurer - insuranceage.co.uk https://ift.tt/CkXicTI

The British Insurance Brokers’ Association has appointed Iprism Underwriting to provide members with access to a high value home insurance scheme, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/q7xgzeK