All articles by Katie Scott – Page 14
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IT InterviewInsurance sector – especially brokers – must lead ‘stewardship’ of net zero transitions
Although data forms the foundation of driving net zero transitions, brokers have an ‘elevated role’ to play when communicating propositions to clients, according to Accenture’s experts
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NewsBroker consolidation indicates ‘rosy future for the broking market’ – Accenture
Brokers must also move from ‘traditional risk indemnity into risk management mitigation’ to obtain ‘frequent customer engagement’, says senior managing director
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AnalysisOpinion: Insurtechs are new industry ‘Marmite’
Editor Katie Scott rounds up the latest key discussion points surrounding insurtechs
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AnalysisBriefing: Commercial lines digitalisation now ‘accelerating’ after slow start
Easy to digest personal lines data led to this part of the market taking the lead when it came to digital transformation. However, industry commentators tell me that commercial lines is now quickly playing catch up
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News‘Evolving black swan events’ are making ‘the industry incredibly nervous’ – Accenture
Despite five possible black swan events on the horizon, past industry action has demonstrated that insurance companies take these risks ‘very much in their stride’, according to professional services firm
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NewsMotor insurance premiums set to rise 2% this year ahead of 18% uptick in 2023 – EY
Professional services firm predicts that the UK motor sector’s net combined ratio will be loss-making in 2022 and 2023 and that the ‘environment will be tough’
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AnalysisBriefing: Are insurtechs sustainable?
Industry voices are flagging concerns that insurtechs are not working to solve current industry challenges – but what is driving these discussions and can anything be done to change this view?
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News‘Incumbent’ that brokers and insurers work together to combat underinsurance – Allianz
Industry has ‘a huge responsibility’ to mitigate inflation-driven underinsurance and ensure that certain risks do not ‘become uninsurable’, says chief executive
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AnalysisBriefing: Are insurtechs really innovating, or just playing technology catch up?
The pandemic caused ‘a lot of sacred cows’ to be ‘killed’ as digital trumped in-person interactions, but are insurtechs really at the cutting edge of technology, or simply helping insurance catch up to more digitally savvy sectors?
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IT InterviewSteve Gaywood: Cost of living crisis sees insurance customers ‘game the system’ and turn to fraud
Although consumers may be tempted to ‘cut corners’ when it comes to their insurance provision, this will only lead to ‘a false economy’, according to head of counter fraud
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IT InterviewColm Holmes: Allianz wants ‘to be number one’ in eTrading
The insurer’s chief executive wants ‘to be the best’ at digitally trading with brokers, aiming to have ‘80% of risks priced within an hour and digitally delivered to a broker’
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NewsPCWs have ‘moral responsibility to support fair value’, but they must take ‘huge risk’ to stand out
Insurers have also had a slow start in undertaking fair value assessments, which will have a knock-on effect on brokers’ workloads, says compliance expert
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NewsBrokers must look to their business models to combat costs of regulation
Compliance expert explains that ‘a lot of brokers don’t understand the value of their time’
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NewsM&A activity in the MGA market is not fuelled by private equity – MUM
Plus, data is becoming increasingly important as it provides ’some real insight into your numbers’, which insurers want, says chief executive
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NewsStuart Reid takes on third non-exec director role with specialist MGA
Reid believes the firm has ‘huge potential’ and will help brokers ‘to cement their role as clients’ risk advisors’
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AnalysisBriefing: More insurers need to think outside the box to mitigate cost of living crisis
Insurers must step into the breach once more to support consumers – but how many are actually willing to reduce monthly installment plan premium uplifts?
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NewsDigitalisation drives ‘personalised’ and ‘trusted’ industry future, says BrokerFest keynote speaker
Axa Retail boss set to discuss the insurance sector’s digitalisation journey at industry-leading conference
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AnalysisOpinion: Value add support services must be promoted to avoid cover corner cutting
Editor Katie Scott discusses the role of insurance firms and risk management amid current inflationary pressures
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NewsPanellists to urge brokers to examine ESG credentials more closely at BrokerFest 2022
Expert panel prepares to talk through insurance sector’s role in the UK’s route to net zero at industry-leading conference
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AnalysisBriefing: Broker consolidation debate set to heat up at BrokerFest 2022
Panellists prepare to discuss the pros and cons of consolidation on the broker market, exploring whether it is a ‘natural culmination point’ or a survival tool
