All articles by Clare Ruel – Page 56
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NewsAM Best takes negative rating action amid Russia-Ukraine tensions
The ratings will stay under review until the agency evaluates the severity of the situation
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NewsHiscox UK sees 9.9% GWP rise in 2021 despite ongoing Covid impact
The outlook for Hiscox UK remains ‘positive’ as the insurer expects to accelerate its digital acquisition channel
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AnalysisBrokers have a ‘key role’ following latest Scottish fire safety legislation
Five years on from the Grenfell Tower incident, and fire safety legislation is still being rolled out, the latest measure from the Scottish government, however, places brokers at the forefront of customer education
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NewsAvid Insurance gunning for ‘strong growth’ post-Covid
Prices are hardening because of Covid according to Avid’s head of personal lines
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NewsLloyd’s of London could face ‘sizeable’ hit from Russia-Ukraine war
Exposure to eastern Europe is likely to be ‘modest’ but classes such as energy could take a beating
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NewsSRG buys Hertfordshire-based commercial and motor trade broker
This first acquisition of 2022 further underlines SRG’s commitment to ’become the natural home for specialists’
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NewsMP John Glen proposes insurance industry overhaul in Solvency II reform
A new Brexit Freedoms Bill will be brought forward too
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NewsPeach Pi boosts business for parent company
However, the niche insurer’s managing director says the message conveyed is ’resonating with the type of people’ it wants to do business with
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AnalysisIn Focus: Are broker schemes the answer to professional indemnity cover challenges?
Industry experts debate whether broker schemes could solve professional indemnity insurance’s (PII) woes after SchemeServe revealed PII schemes netted brokers the most income between 1 April and 31 September 2021
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AnalysisIn Focus: How broker schemes are navigating the FCA’s fair value focus
The regulator’s pricing reform, which includes product governance requirements, raises industry questions about whether broker schemes offer fair value to customers
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NewsUK general insurers’ profits to be battered by back-to-back storms – Fitch Ratings
Credit rating agency expects gross insured losses in the realm of €5bn in UK, Germany and Netherlands combined
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NewsTravelers buys Trōv’s technology assets
The insurtech’s founder and chief executive says Travelers is ’the ideal company’ to take its ’technology to the next level’
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NewsAston Lark Ireland buys Dublin-based financial broker
Aston Lark Ireland has an ambition to become the leading independent insurance broker
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AnalysisLloyd’s signals ‘phony innovation war’ is over with 2022 blueprint buzz
Lloyd’s digital transformation could save the marketplace both time and money in the future, but the implementation process could pose challenges. Insurance Times investigates
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NewsPolaris reports record usage of all its 2021 products
The industry owned organisation remains committed to investing in its products to enable the sector to ‘push the boundaries of digital trading’
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AnalysisInsurers brace for claims as Storm Eunice batters UK
UK insurers put surge plans in place ahead of Storm Eunice hitting last week, but commentators agree that improved infrastructure resilience is the long-term answer as extreme weather events are on the up
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NewsStorm Eunice rips London O2 Arena’s roof off
The landmark’s roof is regularly used by the general public for scaling and abseiling
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IT InterviewOla Jacob: ‘Flying the flag’ for diversity and inclusion equals greater innovation
While the recruitment and retention of ethnic minorities has always been an issue for the insurance sector, FloodFlash’s broker success manager hopes to demonstrate that the industry does, in fact, have a place for everyone
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NewsAxa Commercial futureproofs motor fleet offering with EV edits
EV sales increased by 76% between 2020 and 2021, according to the insurer
