News Analysis – Page 32
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News AnalysisIs travel insurance next on the FCA’s radar?
The regulator’s approach to Gap insurance has signalled its enforcement style for 2024 – but could travel policies ‘riddled with caveats’ be the next product under the fair value spotlight?
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News AnalysisIn Focus: How MGAs stop brokers being left ‘high and dry’ as capacity fears continue
’If we can’t service the broker quick enough, we’d lose the sale, they lose the sale, conversion drops and ultimately it hurts all of us,’ says head of broker development
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News AnalysisBriefing: Where has all the capacity gone?
The capacity conundrum is causing insurers to exit lines of business – leaving the door wide open for MGAs to get cosy with brokers to better serve end clients
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News AnalysisTechTalk: Impact of simplified R&D scheme for insurtechs and startup brokers is ‘yet to be seen’
Brokers and MGAs investing in software that is new, improving a process or addressing an uncertainty could benefit from R&D tax relief
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News AnalysisBriefing: Commercial brokers are ‘very naïve’ about insurance fraud
Counter fraud experts question how commercial brokers are being trained to spot insurance fraud
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IT InterviewTim Bailey: ‘Attracting and retaining talent’ vital to Zurich’s success
Since taking the helm, nurturing a pipeline of diverse talent has been one of the main priorities for Zurich’s chief executive
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News AnalysisThe Big Question: How does the increasing integration of data analytics in insurance impact the war for talent?
AI and advanced data analytics are already making waves in the insurance sector. Insurance Times interviews five industry experts to delve into their perspectives on the significance of this technological transformation for the industry.
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News AnalysisUK has ‘right approach’ to AI versus EU’s legislation
’The real risks are with the use of AI, not with the technology itself,’ says chief executive
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News AnalysisBriefing: AI must be used intelligently to augment people-based insurance sector
It is imperative to embrace the opportunities AI can offer in terms of back office functionality, but insurance professionals shouldn’t fear for their jobs just yet
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News AnalysisBriefing: Insurtech is still a man’s game – but it’s changing
Historically, insurtech has been considered a male domain – but how are emerging technologies opening up opportunities for women to progress their careers?
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News AnalysisIn Focus: Are MGAs replacing traditional insurers and how are they differentiating themselves to grow market share?
Insurance Times asks industry experts how MGAs are standing out to supersede insurers and increase their market share
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IT InterviewBill Bradshaw: FM Global able to take ‘a really long-term view of risk’ where climate is concerned
’What is important is that we have the data that allows us to make really good decisions and look for innovative solutions,’ says operations manager
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News AnalysisBriefing: UK can grab opportunity to support Islamic insurance
The London market has an expceptional opportunity to cement its place as one of the world’s Sharia-compliant insurance hubs
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News AnalysisOpinion: Has EU left UK behind on AI regulation?
Editor Katie Scott compares strides made by the European Union and UK when it comes to regulation around the use of artificial intelligence – has Brexit held the UK back?
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News AnalysisFCA battling ‘snitches get stitches’ mindset when it comes to non-financial misconduct
’We can sit here and say ‘oh, it is a terrible culture,’ but what are we going to do about it?’ asks member of parliament
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News AnalysisBriefing: Are regulations on affordability pulling in opposite directions?
The associated costs of new regulation mean that insurance providers may soon have to consider whether affordability is affordable
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IT Interview‘Scalability and growth is a massive thing for us’ – GoShorty
’That was the first barrier that was broken down – the idea that software houses only wanted to deal with big blue-chip companies and well-established brokers,’ says founder and managing director
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News AnalysisBrokers reveal concerns about capacity for ‘under pressure’ MGAs
One broker highlights fears that MGAs may be looking ’to all sorts of weird and awful sources of capacity’
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News AnalysisBriefing: The trouble with motor insurance
Discriminatory pricing is evident in motor insurance premiums – the industry needs to come up with new ways to make this product more accessible and affordable
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News AnalysisWhat does the FCA’s actions on Gap mean for the future?
We’ve heard that the unofficial threshold for that payout rate may be set at 30%, with business lines falling under that level likely to draw increased scrutiny from the FCA, says co-founder
