All articles by Matt Scott – Page 3
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News AnalysisCovid-19 has polarised consumers on data sharing
Insurers will be challenged with how they respond to the polarising impact of the coronavirus pandemic, and they must not fall into the trap of excluding a large swathe of vulnerable customers from their books of business
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News AnalysisBriefing: How coronavirus has changed the personal lines playbook
Denied business interruption claims has been the big story in insurance over the last few weeks, but personal lines insurers cannot rest on their laurels when it comes to the changes facing the market as a result of Covid-19
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NewsPeter Staddon joins Trilogy MGA as non-exec
Staddon is currently managing director of the MGAA, a role he will retire from in September 2020
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NewsParametric insurance could be the solution to Covid-19 insurance gap
Machine Cover’s new policy will pay out automatically after a very significant downturn in economic activity
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News AnalysisA look back at the career of new Aviva CEO Amanda Blanc
As Amanda Blanc takes over from the departing Maurice Tulloch, Insurance Times takes a look back at an insurance career that spans more than 30 years
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News AnalysisThe Insurance Times top 5 insurer collapses
Following the news that unrated Danish insurer Gefion has gone into liquidation after its licence was revoked, Insurance Times takes a look at five of the biggest insurance disaster stories of the last 20 years
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NewsGRP back on acquisition trail following Searchlight takeover
The deal marks the broking group’s first foray into the health insurance market, with further acquisitions planned for the sector
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NewsCovid-19 lockdown saves motor insurers £1.3bn
New research from Safe found that claims have fallen by 69% during the lockdown period
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NewsPandemic Re risks creating ‘society insurance gap’, says Totus Re
As such, it has urged the insurance industry and government to consider more perils than just pandemic risks as part of the Pandemic Re steering group
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News AnalysisArdonagh downgraded following £2bn refinancing deal
But rating agency Fitch says it expects the broking group to continue to improve its EBITDA margin amidst the potential for increased cost savings as a result of its latest round of acquisitions, as well as a return to ’healthy’ free cash flow
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NewsUK personal lines market set for significant shrinkage following Covid-19
And the GlobalData research predicts it will take until 2022 for the market to recover lost GWP
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NewsBriefing: Is this the beginning the end of the mutual?
Today, mutual insurance companies can be found in nearly every insurance market in the world, but is the future of the mutual insurer under threat?
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Online onlyLloyd’s and RSA apologise for role in the slave trade
Lloyd’s and RSA have apologised for their role in the slave trade after they were named in an academic database revealing companies that had benefitted, either directly or indirectly, from compensation payments upon surrendering rights to slave plantations.
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NewsMore than a third of EMEA insurers face negative ratings action due to Covid-19
The ratings agency reviewed its portfolio as a result of the crisis, resulting in ratings actions being taken against 84 insurance groups , with downgrades accounting for 12% of actions
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NewsMarkel stops writing personal accident and contingency insurance following strategic review
Markel International has announced that its wholesale business will be focusing solely on the entertainment book of business
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NewsCovid-19 uncertainty could have 'significant impact' on some insurers’ capital positions, says PRA
The PRA’s latest stress test of the UK insurance industry has found that some insurers could be exposed to “significant” risks from the uncertainty surrounding the Covid-19 crisis.
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NewsLV= considering sale of remaining business units
The confirmation follows press speculation that the mutual insurer was considering a takeover
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News AnalysisBriefing: Could Covid-19 kickstart a technology revolution for insurance?
The Covid-19 pandemic has changed the world we live in. Loved ones are forced to live apart, shops have been closed and schools have been left empty. Within that new world, insurers and brokers have had to re-evaluate the way they work By data insights editor Matt Scott
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News AnalysisBarton/Reid warn of 'excessive consolidation at inflated prices'
Chief executive Phil Barton and chairman Stuart Reid teamed up to launch Partners& as a new breed of broker, the duo discuss what makes the business different and what they believe is the key to long-term sustainable success
