All articles by Katie Scott – Page 27
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NewsZurich Insurance Group hires group chief data officer from PWC
The new appointment aligns with the insurer’s ambition to build ‘trust in how global companies use data and technology for good’
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NewsGRP appoints ex-Marsh UK head of placement and networks as retail CEO
The new hire is expected to ‘make a big and positive difference’ to GRP’s retail portfolio, says group chief executive
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NewsAxa has paid £75m for Covid-linked BI claims to date
UK retail boss adds that the business is ‘in a very robust position to move forward and evolve’
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IT InterviewAxa’s UK retail business unveils refreshed digitisation-driven strategy
Axa appointed a new chief executive for its UK retail business at the end of last year – Insurance Times catches up with the new hire to find out her plans for the portfolio and why brokers are core to her strategy
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NewsFCA’s pricing reform ‘timeline is very aggressive’ – Axa
The insurer is ‘going helter skelter’ to meet the year-end deadline for pricing changes in the motor and home insurance markets says UK retail boss
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NewsIrish competition authority secures commitment from six insurers to combat price signalling
Despite the end of the CCPC’s formal investigation, the authority ‘is in no way giving the industry a clean bill of health’ when it comes to organisations’ culture around compliance
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NewsFCA updates GI pricing rules following stakeholder feedback
Changes include reporting requirements around commission-rebating and the definition of renewal business
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FeaturesBriefing: Highway Code changes could create claims cost uptick from ‘presumed liability’
Pedestrian and cyclist rule changes could also impact claims volumes – motor insurers will have a lot to juggle if they don’t prioritise customer education now
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NewsThe Ardonagh Group reports 2021 H1 loss of £41.3m
The firm has also secured additional ‘combined funding’ of £900m to help continue its ‘M&A and investment strategy at pace’
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NewsAviva is ‘very confident’ ahead of FCA pricing reform implementation
The insurer is ‘committed to being ready’ for the upcoming regulatory deadlines, despite the amount of work that needs to be done by the end of the year, says UKGI boss
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IT InterviewBrokers are the ‘absolute cornerstone’ of Aviva’s distribution strategy
UKGI boss emphasises that brokers are ‘hugely important’ to the insurer as it records 16% year-on-year commercial lines growth and ‘highest gross written premium sales in the last decade’ during 2021’s H1
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NewsInsurers have paid £968m in interim and final BI claims payments so far
The FCA calculates that 26,238 policyholders out of 41,666 who have had BI claims linked to the test case action accepted have received at least an interim payment so far
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IT InterviewTim Bailey: ‘Consistent investment’ in efficiency and service has driven Zurich’s H1 success
UK chief executive adds that broker partnerships ‘have been working exceptionally well for the first half of the year’
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NewsAxa to sell Singapore business to HSBC
The financial services business will spend €487m on the acquisition
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NewsZurich believes it has been ‘been at the forefront’ of tackling BI claims backlog
UK chief exec adds that the insurer has yet to see the ‘benefits’ of the OIC portal coming through following its launch in May
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NewsAviva’s share buyback is a ‘real positive’ says UKGI boss
Financial information business confirms that the insurer’s ‘future capital adequacy and the overall financial health of the group won’t be dented’ by its plans
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FeaturesBriefing: Commercial brokers ‘severely’ affected by FCA pricing reform, yet they are ‘not engaging’
Commercial lines brokers cannot afford to have their heads in the sand thinking the incoming FCA general insurance pricing reform will only impact personal lines brokers
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NewsAllianz Holdings’ 2021 half year results still showcasing Covid ‘ups and downs’
Chief exec compares fleet and pet insurance revenue figures to demonstrate pandemic impact
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NewsAdmiral improves UK insurance book turnover by £123.6m for H1 2021
Excluding discontinued operations, the insurer’s group-wide profit before tax grew by 76% between 2020 and 2021
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FeaturesBrokers embrace consolidation talent fallout
Opportunities are afoot for independent brokers to secure the cream of the crop in broking talent as consolidation tsunami leaves talent ‘deeply disenfranchised’ with new ownership
