All articles by Katie Scott – Page 15
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News‘Digestible’ innovation around systemic risks to be discussed at BrokerFest 2022
Systemic risks present a ‘growing credibility gap’ for the insurance sector that must be addressed, says broker leader
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News‘One size doesn’t fit all’ when it comes to broker consolidation – The Clear Group
Consolidation is a ‘natural feature’ of the broking market to ‘allow succession’, says executive chairman
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NewsThe Clear Group buys ‘real prize’ London broker to ‘get greater critical mass’
Broker’s executive chairman speaks exclusively to Insurance Times, detailing the drivers behind its second largest acquisition to date
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NewsLMG identifies six metrics designed to secure London market’s global competitiveness
The trade body outlines ‘six priority initiatives’ through which the insurance industry’s ‘competitiveness agenda can start to be established and measured’
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AnalysisBriefing: Staged e-scooter accidents are ‘already happening’ and leading to ‘questionable’ claims
With pandemic-related fraud dwindling, insurance fraud experts believe the next emerging risk will come from the insurtech sector
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NewsUrban Jungle raises £16.5m in latest series A funding round
The insurtech plans to enter new markets following the funding boost, as well as create 100 new jobs
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IT InterviewToby Clegg: Clegg Gifford to tap into ‘distribution heft’ of new parent Markerstudy
The chief executive is also looking to achieve four ‘ambitious milestones’ in 2022, including growing the broker’s retail branch network
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Analysis‘Significant spike’ in tool theft claims poses fraud risk
With ‘the value of these individual claims getting higher’, insurance fraud experts must be alive to cost of living linked inflated claims from end customers and tradespeople
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NewsBrokers are ‘safe haven’ for M&A capital
Amid record amounts of M&A, independent brokers can showcase their status to build customers, while consolidation potentially makes room for broking startups – if they can pass regulatory muster
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NewsRSA chief operating officer moves to head up personal lines business
A senior leadership reshuffle signals the start of ‘RSA’s next chapter’, says UK and international boss
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AnalysisBriefing: Brokers don’t have to be jack of all trades – it’s time to tap into insurtech
Furthermore, brokers can utilise data to disrupt other sections of the regulated financial services market, looking to offer adjacent services to clients, says network’s head of sales
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NewsAviva reports 5% general insurance GWP uptick for 2022’s first quarter
But the insurer’s UK COR for general insurance has worsened by 7.3 percentage points year-on-year
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IT InterviewNick Hobbs: Allianz plans to ‘reorientate’ itself to ‘make new broker friends’
Building connections with ‘more brokers we don’t trade with’ will help fuel ‘intelligent growth’, says chief distribution and regions officer
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NewsBrokers’ commission must be ‘reflective of the value’ provided to customers, says FCA
The regulator’s executive director of consumers and competition emphasised that brokers must not recommend a product based on their own remuneration, although ‘high prices may sometimes be appropriate’
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AnalysisBriefing: FCA backs Biba on FSCS levy reductions, but admits change ‘will take some time’
Despite some alignment in thinking, Biba’s chair still believes the regulator needs to take ‘a long, hard look at its own responsibilities and approach to our low risk sector’
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NewsSheldon Mills: FCA does not have ‘one-size-fits-all approach to regulation’
Achieving balance between the regulator’s 4,500 staff and the 55,000 firms its regulates is a challenge, notes the executive director
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NewsNatural catastrophe claims knock Q1 P&C operating profit for Allianz Group
Chief executive states that the insurer’s ‘results demonstrate that our business can withstand significant geopolitical and economic pressures’
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NewsBrokers with purpose and consistency will beat ‘mistrust in the establishment’ – Steve White
Broking firms are facing a ‘difficult operating environment’, yet they must strive to ‘breed trust’, says chief executive
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NewsExcitement builds ahead of Biba’s annual conference
After a three-year hiatus due to the Covid-19 pandemic, the trade association is back in Manchester with its annual conference, where Insurance Times will reveal its annual eTrading report results
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AnalysisOpinion: Hybrid ‘new normal’ yet to be clarified across UKGI
Editor Katie Scott discusses the appetite around industry in-person gatherings ahead of this year’s Biba conference
