All articles by Katie Scott – Page 49
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NewsAverage motor claim cost in Ireland rose 4% between 2018 and 2019
Compensation for litigated settlements in Ireland averaged €46,214 between 2015 and 2019, with legal fees coming to €23,409 for these cases
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NewsCoventry-based broker closed by FCA
The regulator ordered the firm to cease carrying out regulated activities under a client money order
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NewsBrokers define hard market and struggling economy as their biggest concerns
Research by Aviva also signposts Brexit as the potential cause of an economic decline
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News‘Data-driven world of mobility’ can be ‘real power for good’ says MIB’s Clayden
Speaking at the ABI’s virtual motor conference, the MIB boss explained that insurers need to be ‘absolutely alive’ to the opportunities presented by data
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NewsBrightside sees EBITDA improvements in broking business
Placing IQED into run-off has impacted 2019’s financial figures, but the business’s broking activity is showing positive growth
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NewsFCA outlines key drivers of harm for Lloyd’s and London Market in new ‘Dear CEO’ letter
The letter, which is targeted at Lloyd’s and the London Market intermediaries and MGAs, provides an overview of the areas of focus within the regulator’s supervision strategy
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NewsBriefing: Claims service could come under the microscope after FCA’s pricing report
Commercial brokers told Insurance Times that a quality claims service is more important than competitive pricing, aligning with the FCA’s refreshed stance around fair value
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NewsMGAs need to adopt ‘ecosystem mindset’ to deliver value to customers
In the latest MGAA webinar, attendees learn how an ecosystem approach can help to drive internal efficiencies and produce greater value for customers
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NewsAXA reports €38bn revenue for P&C in last nine months
Both commercial and personal line results fluctuated due to the ongoing Covid-19 pandemic
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NewsBiba confirms digital conference and exhibition for 2021
The trade body’s annual spring event will move to a digital platform for next year, after 2020’s conference and exhibition was cancelled due to the coronavirus pandemic
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IT Interview‘Mediocrity cannot be tolerated’ in impending LiP portal says Minster Law boss
Although the Litigants in Person portal is pencilled in for an April 2021 launch date, Shirley Woolham warns that unless it is ‘absolutely workable’, then further delays should be recommended
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NewsAgeas confirms new UK chief distribution officer
The new hire was formerly Aviva’s propositions director
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NewsGeo Underwriting buys marine and leisure book from wholesale MGA
The deal will see a team of 11 join the business
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FeaturesTech could hold the key as Covid-19 causes BI to become a ‘surge event’
Keoghs partner explains how technology needs to be utilised in order to handle the vast uptick in business interruption claims as this typically low frequency incident becomes a ‘surge event’ following the onset of coronavirus
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NewsPIB Group buys Leicester-based commercial broker in flurry of acquisition activity
The purchase will boost the broker’s headcount by 90 staff
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NewsBury-based claims management company fined £250,000 for nuisance calls
The Information Commissioner’s Office said the firm had broken electronic marketing law
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NewsMS Amlin Underwriting confirms new chief executive
Tom Clementi is to step down after four years in the top spot
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NewsHiscox appoints new UK chief operating officer
The candidate has been promoted from an interim role to a permanent position
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NewsWindow cleaner confesses to fundamental dishonesty over personal injury claim
Insurer Admiral teamed up with law firm DAC Beachcroft to investigate suspicious circumstances following a road traffic accident
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NewsPIB Group buys real estate broker in 32nd acquisition to date
Chief executive describes purchase as an ‘attractive investment opportunity’
