All articles by Katie Scott – Page 23
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IT Interview
Brokers ‘play a massive part’ in HNW as clients ‘cannot get advice and knowledge with technology’
Ecclesiastical’s art and private client business director says underinsurance is still ‘prevalent’, so empowering broker partners to have informed conversations with clients is paramount
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News
Cyclist alleges Aviva is dawdling with claims payment – despite driver admitting liability
The insurer has promised to ‘conclude this matter as quickly as possible’ as claimant reveals exhaustion at lengthy delays and frustration that ‘no one in this process seems to give a toss’
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Lloyd’s sets target for a third of the market’s new hires to come from ethnic minority backgrounds
The market plans to mandate the collection of ethnicity data and promises to publish its ethnicity pay gap annually
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Jensten Group completes Tasker buy
Group chief executive believes the broking business is ‘an attractive alternative for high quality community brokers looking to find new investors’
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Features
Briefing: ‘Radical fresh thinking’ is required to tackle ‘connected’ risks and protection gaps
The industry is facing ‘a battle to stay relevant in the face of systemic risks that look to be beyond the scope of traditional insurance solutions’, says law firm report
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Axa UK appoints new distribution and trading director for commercial arm
The new hire is ‘looking forward to working with key broker partners to understand how we can deliver value for them and our mutual customers’
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Metro Bank partners with Churchill Expert to target SMEs with new insurance products
The SME products mark the bank’s ‘first stepping stone’ into insurance as it plans to launch pet and travel covers later this year
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PIB Group buys Nottingham-based broker to expand northern footprint
The acquisition will form part of PIB Group’s specialty division
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Features
Briefing: Will ADS safety rating put brakes on government’s automated driving push?
Industry commentators still have questions around the safety of technology such as ALKS, however the UK government is eager to have automated driving on Britain’s roads this year
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News
Lloyd’s bounces back from 2020 loss with £1.4bn profit before tax for H1 2021
Chief executive Neal notes that the market has produced a ‘strong set of financial results’ despite paying out nearly £10bn in claims – including for Covid-hit customers
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Data-driven insurtech launches to put transparency and fairness at heart of UK motor market
Insurance Times gets the exclusive first interview with Adiona founder Paul Harvey, who aims ‘to create a consumer brand in insurance that people love’
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Former Brightside chief exec McCafferty takes on non-exec role at NPA Insurance
McCafferty feels NPAI ‘has genuine potential for growth in what is currently a difficult market for brokers’
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Axa sells insurance operations in Gulf region
The cash consideration for the deal with Gulf Insurance Group amounts to $264m
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IT Interview
‘There are definitely issues’ with getting claimants to use the OIC portal – Axa
The fluctuating coronavirus landscape has created an ‘artificial environment’, making long-term motor claims trends difficult to pinpoint, says UK retail boss
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Pen Underwriting appoints newly created head of technology role from Hiscox
The hire of the ‘established insurance heavyweight’ aims to help the MGA branch into a new market niche
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Zurich Insurance UK signs three-year green parts deal with vehicle recycling company
The partnership aligns with Zurich’s ambition to ‘embed sustainability across our business’
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Ethos Broking appoints commercial director from Marsh
Chief executive believes the new hire ‘is a perfect match for the business’ who will ‘make an impact quickly’
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PIB Group improves adjusted EBITDA by 41% for 2020
After completing a host of acquisitions last year, the broker has its sights set on further international growth and plans for ‘new territories to add to the group’
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Features
Opinion: Bottom lines boosted in 2021’s H1, but what does H2 have in store?
Many insurers have bounced back financially from the Covid-19 pandemic in the first six months of 2021, yet uncertainty around upcoming claims trends means bottom lines are not out of the woods yet
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News
Beazley launches affirmative cyber cover for luxury yachts
With an £18m aggregate policy limit, the insurance product aims to combat cyber threats to superyachts using ‘preventative mitigation services, traditional asset indemnity and immediate response services to incidents’