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Showing posts from May, 2024

Sompo targets mid-market tech with modular offering

Sompo has launched a modular product for mid-market UK clients aimed at technology and telecoms service providers, plus electronic product manufacturers and assemblers. from Insurer - insuranceage.co.uk https://ift.tt/OFb0csd

Marginal improvement but still only one-third of brokers have net zero plan

Only 35% of brokers have a plan to achieve net zero emissions, and/or are already implementing one, according to research by Aviva. from Insurer - insuranceage.co.uk https://ift.tt/VfjJwcQ

Aviva confirms Karen Dayal as commercial lines CUO

Aviva has named Karen Dayal as chief underwriting officer for commercial lines, reporting to UK and Ireland GI CEO, Jason Storah. from Insurer - insuranceage.co.uk https://ift.tt/Gn2VcD7

SRG drives into motorsport with Allianz hire

Specialist Risk Group’s managing general agent, MX, is on the starting grid for the launch of a specialist motorsport underwriting offering, and has added a new leader. from Insurer - insuranceage.co.uk https://ift.tt/fwGNWRY

Only one in ten consumers aware of ‘ghost broking’ threat

Ninety percent of people who have heard of online insurance fraud are unaware of the term ‘ghost broking’, according to the Association of British Insurers. from Insurer - insuranceage.co.uk https://ift.tt/Yvrji8N

Ecclesiastical aims to help brokers with Independent Schools Risk Barometer

Ecclesiastical has launched The Independent Schools Risk Barometer 2024 to help brokers talk to clients in the sector about the biggest risks they face. from Insurer - insuranceage.co.uk https://ift.tt/vq5MxdG

Uncorking the Great British wine market – the insurance of vineyards

David Harrison, viticulture specialist at NFU Mutual, shares his thoughts on meeting the insurance challenges facing the booming winery and vineyards sector. from Insurer - insuranceage.co.uk https://ift.tt/vhwJX7o

Biba 2024: Aviva’s Rebecca Gambrell on evolving the digital future

Aviva is listening to brokers’ feedback on what they want to etrade and responding appropriately, according to SME portfolio director Rebecca Gambrell. from Insurer - insuranceage.co.uk https://ift.tt/RS9Pqbh

Biba 2024: Arag UK leaders promise best in class for brokers as integration rolls forward

Arag and Das have exited the state of limbo and can now power forward with the integration of the two businesses, the bosses have told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/eS4h1Vx

Oxbow Partners forecasts motor market COR of 94% in 2024

Oxbow Partners has predicted the UK motor market will return to profit this year with a combined operating ratio of 94% versus a 102% rate in 2023. from Insurer - insuranceage.co.uk https://ift.tt/GB7btfT

Allianz UK makes key changes to senior leadership

Allianz UK has appointed Hanna Kam as chief risk officer and promoted Jason Howes to the newly created role of chief transformation officer. from Insurer - insuranceage.co.uk https://ift.tt/a9GEImW

Biba 2024: Zurich seeks to take SME service learnings into mid-market space

Zurich’s Harriet Conway, head of retail customer proposition, and Morgan Lyons head of mid-market told Insurance Age the insurer is targeting its teams “heavily” in terms of response times to brokers. from Insurer - insuranceage.co.uk https://ift.tt/mtNC4XF

Biba 2024: Pen’s Nick Wright on staying disciplined and kissing frogs

Pen Underwriting’s chief development officer Nick Wright tackles consolidation in the managing general agents market, the risk of disintermediation for brokers and the opportunities from artificial intelligence. from Insurer - insuranceage.co.uk https://ift.tt/S96RY41

Trish White to leave Hiscox

Strategic accounts director Trish White will be leaving Hiscox in October, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/CZTvoz6

Wallace: QBE reaping benefits of focus on ‘holy grail of service’

QBE’s consistency and lack of upheaval in contrast to some of its peers has helped it become a “viable alternative” for regional brokers. from Insurer - insuranceage.co.uk https://ift.tt/2P0JbV6

Natasha Pettet to lead schemes at Hiscox

Natasha Pettet will be joining Hiscox as head of schemes on 1 July, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/gikNQP0

Biba 2024: FCA to take its time on transparency proposals

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps. from Insurer - insuranceage.co.uk https://ift.tt/Cu8dy2k

Zurich ‘simplifying’ trading with broker team changes

Zurich has consolidated its commercial and retail distribution teams as it aims to make trading with brokers easier. from Insurer - insuranceage.co.uk https://ift.tt/O8HL4ef

Biba 2024: Brokers and insurers have huge role to play in raising awareness of Martyn’s Law

The insurance industry has a huge role to play in raising awareness of the incoming legislation aimed at protecting premises from terrorism attacks, the audience at the British Insurance Brokers’ Association’s 2024 conference has heard. from Insurer - insuranceage.co.uk https://ift.tt/AgTc295

Biba Conference 2024 countdown: Zurich’s Jacqui Kelly

Jacqui Kelly, head of sales and distribution at Zurich, looks forward to the positive buzz, celebrating an important birthday and helping the industry become more inclusive. from Insurer - insuranceage.co.uk https://ift.tt/lJ8HqBL

Ecclesiastical seeks further schemes growth with new broker tool

Ecclesiastical has launched a digital portal, Schemes+, for brokers to help them manage their schemes more effectively, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/hN0jUPa

Brokers upbeat on 2024 growth – Aviva

Brokers are more optimistic about growth in the coming year than they have been since before 2020, according to Aviva, with 83% expecting their business to grow compared to 76% last year. from Insurer - insuranceage.co.uk https://ift.tt/npHXrz5

Transparency, team and targets – Zurich boss David Nichols ready to meet and greet brokers at Biba

One year on from his first British Insurance Brokers’ Association conference in the Zurich hotseat, UK head of retail David Nichols shares his key messages for brokers ahead of the upcoming event in Manchester. from Insurer - insuranceage.co.uk https://ift.tt/LHqKbmk

Aurora launches policy in partnership with Axa

Managing general agent (MGM) Aurora has launched its second specialist offering, a management liability policy in partnership with Axa. from Insurer - insuranceage.co.uk https://ift.tt/0sBe1Vj

Broker Insights launches AI-enabled Propensity Lens

Broker Insights has unveiled a product designed to improve efficiency for insurers by helping to predict the possibility they will win business. from Insurer - insuranceage.co.uk https://ift.tt/lkV0Cr6

FCA chair admits surprise at “stern reaction” to name-and-shame proposals

The chair of the Financial Conduct Authority has admitted that it was not expecting such a “stern reaction” to its consultation on its “name-and-shame” proposals. from Insurer - insuranceage.co.uk https://ift.tt/behYmGd

EY predicts three years of slowing premium income growth for insurers

EY has forecast UK non-life insurance premium income growth will slow to 7% in 2024, from 8.7% in 2023, dropping again to 5.1% in 2025 and 3.8% in 2026. from Insurer - insuranceage.co.uk https://ift.tt/zLIOBMi

ABI records 3% home premiums rise in Q1

Average home insurance premiums for buildings and contents cover rose by 3% to £375 in the first quarter of this year, pushing the year-on-year rise up to 19%, according to the Association of British Insurers. from Insurer - insuranceage.co.uk https://ift.tt/loaCYFp

Flood Re raises levy and liability and loss limits

Flood Re has increased the annual insurance industry levy by £25m to £160m from next April, in a string of changes it said were designed to keep flood insurance available and affordable. from Insurer - insuranceage.co.uk https://ift.tt/i0eDPcv

Biba Conference 2024 countdown: RSA’s Steve Scott

Steve Scott, regional director at RSA Insurance, explains why he’ll be moving between two stands, the irony of listening to James’ ‘Sit Down’ and the importance of partnerships in tackling the challenges ahead. from Insurer - insuranceage.co.uk https://ift.tt/P67kBD8

Casper adds Chaucer and TMK as capacity backers

Casualty-focused managing general agent Casper Specialty UK has secured capacity from Chaucer and TMK as it enters its second year of trading. from Insurer - insuranceage.co.uk https://ift.tt/WKPX9zm

MIB appoints Angus Eaton as CEO

The Motor Insurers’ Bureau has named Angus Eaton from Hastings Group as its new CEO, taking over from Dominic Clayden in July. from Insurer - insuranceage.co.uk https://ift.tt/2wdGXJn

Biba weighs in with “grave concerns” on FCA ‘name and shame’ proposals

The British Insurance Brokers’ Association has called on the Financial Conduct Authority to consider the risk of the damaging impact its proposal to name firms at the start of an investigation could have and flagged the danger of serious injustice for innocent businesses. from Insurer - insuranceage.co.uk https://ift.tt/TExWaqH

Meet the MGA: Aurora

Jan-Vincent Finn, co-founder and CEO of Aurora, explains how the MGA, named after the Northern Lights, plans to become the one-stop shop of all SME commercial lines using algorithmic insights. from Insurer - insuranceage.co.uk https://ift.tt/nh4LyOY

Biba Conference 2024 countdown: Allianz’s Serge Raffard and Nadia Côté

Serge Raffard, MD of Allianz Personal, and Nadia Côté, MD of Allianz Commercial, reflect on what it’s like being one big family following the LV rebrand, rebuilding the Eiffel Tower sustainably on their stand and taking stock when the dust settles. from Insurer - insuranceage.co.uk https://ift.tt/fFKmhUE

Bspoke launches new division with fee protection product

Bspoke Group has rolled out a fee protection insurance product for the UK accountancy industry as it launched a new division, Bspoke Fee Protection, with Kevin Igoe recruited as managing director. from Insurer - insuranceage.co.uk https://ift.tt/FpAIK4H

Arag posts 60% profit leap in run-up to Das UK integration

Legal expenses insurer Arag grew profit and turnover in 2023 as it readied itself for the takeover of Das UK. from Insurer - insuranceage.co.uk https://ift.tt/l9Zq4rH

Rebrand of LV Broker to Allianz goes live

Allianz has completed the rebrand of personal lines insurer LV Broker and revealed the appointment of Carolyn Rich to the newly created post of director of brand. from Insurer - insuranceage.co.uk https://ift.tt/n3efmM6

Brokers push for more from RSA/NIG

Brokers have given a mixed report on communication levels around the RSA and NIG deal but with the process kicking forwards today have expressed the hope the takeover will make more products available. from Insurer - insuranceage.co.uk https://ift.tt/bwRHXeW

Motor still in spotlight as FOS confirms half-year GI complaints rise

The Financial Ombudsman Service has again flagged car and motorcycle insurance complaints as it calculated an 18% rise in general insurance cases. from Insurer - insuranceage.co.uk https://ift.tt/0fIKphy