All articles by Katie Scott – Page 9
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IT InterviewAdam Winslow: Retail business and HNW will form ‘the key axis of growth’ for Aviva’s personal lines arm in 2023
UKGI chief executive outlines where Aviva is aiming to expand this year across both personal and commercial lines – although eTrading ‘remains a big area of focus’
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NewsManifesto 2023: Insurance sector needs time to prepare for ‘significant impact’ of Martyn’s Law - Biba
The broker trade body may compile a scheme to help its members action the new duty’s requirements
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NewsBiba launches 2023 manifesto with focus on risk management and stability
Executive director confirms that ‘stability is a key message’ that the trade association wants to bring ‘forward this year’, with focuses on regulation, financial resilience and enabling economic growth
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News AnalysisBriefing: Cost of living crisis causing spike in accidental damage claims
The propensity for homeowners to submit accidental damage claims has increased as household budgets have been squeezed – but the industry must be alive to opportunistic fraud risks
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NewsCost of living crisis causes 43% of insurance customers to cancel policies when seeking to cut cover costs
Head of consumer strategy queries whether the industry is doing enough ‘to be the safety net that newly financially vulnerable customers really need’
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News AnalysisIn Focus: Is high net worth cover ‘too generous’ for clients?
Broker leader reveals potential ‘recipe for disaster’ from having ‘underpriced’ premiums and ‘too good’ cover in the HNW market
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NewsIndustry chatter around lack of UK-based M&A targets is ‘nonsense’ – Phil Bayles
Ardonagh Advisory’s chief commercial officer gives Insurance Times his opinion on the current lay of the land around broker consolidation
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News AnalysisBriefing: M&A ‘hyperactivity’ could signal future consolidation play
Brokers investing in a quantity of M&A deals could be looking to up their value ahead of consolidation conversations
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IT InterviewRyan Birbeck: Cyber cover set to be ‘significant focus’ for Aviva in next three years
Distribution director for regional brokers believes the insurer is currently ‘underweight’ when it comes to cyber insurance provision
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IT InterviewWarren Downey: Specialist Risk Group is ‘quite romantic about M&A’
Alongside acquiring businesses in adjacent markets and building on existing specialties, SRG also has plans to become ‘more noticeably international’ in 2023, says group chief executive
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News AnalysisDebate: The pros and cons of embedded insurance
Two industry leaders share their views on embedded insurance and what this model could mean for different players in the insurance market
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IT InterviewBroker consolidation is ‘a long way off becoming a real fundamental problem’
Group chief executive identifies ‘little moment in time’ around multiples which means more broker leaders may be tempted to tap into consolidators ahead of schedule
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NewsMS Amlin’s head of reinsurance adopts additional interim chief underwriting officer role
The changes follow Andrew Carrier’s promotion to chief executive
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NewsCompass partners with premium finance provider
Network boss believes brokers must ‘be prepared against the unexpected’, with one possible solution being the provision of ‘more flexible payment options’ for clients
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IT InterviewPeter Thompson: ‘Challenge anything’ mindset behind BGLI’s 30th anniversary success
Broker chief executive says that being acquired by Markerstudy Group has created a ‘formidable’ player in the personal lines market that does not have ‘any bounds in terms of ambitions’
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News AnalysisBriefing: Legislation sorely needed to help mitigate ‘six-figure’ e-scooter claims
However, with the onset of legislation, the potential for first and third party fraud could rise
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News AnalysisOpinion: Industry will need to continue to knuckle down in 2023
Editor Katie Scott summarises some of the year’s key challenges and what the industry may expect come 2023
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NewsInsurance sector ‘perfectly positioned’ for carbon removal action – Swiss Re
Senior risk manager advises underwriters to not be “scared” of providing cover for carbon removal because many of today’s insurance products are fit for purpose for these processes
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NewsSMEs potentially priced out of cyber cover due to ‘ongoing issue’ of rising premiums
How insurers quantify cyber risks has to change in order to effect more stable pricing in the long term, says commercial director
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NewsJensten Group buys Kent-based motor trade and fleet broker
The organisation plans on using its new purchase to expand its areas of specialism
