News Analysis – Page 35
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News AnalysisBriefing: Changing climate now stretching industry’s ability to offer cover
The sector must steel itself for the response of insureds it can no longer afford to protect
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News AnalysisBettina Roth: Spearheading innovation on the Isle of Man
The Isle of Man’s Financial Services Authority’s chief executive says she hopes more insurtechs will do ’funky exciting things’ on the island
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News AnalysisCost of living crisis may drive ‘dishonest customers’ to opportunistic fraud – Ifed
Detective chief inspector Tom Hill, head of the City of London Police’s Insurance Fraud Enforcement Department, discusses the impacts of the cost of living crisis on opportunistic fraud
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News AnalysisIn Focus: How will Solvency II reforms affect general insurance?
Industry experts chime in on the advantages and risks of Solvency II
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News AnalysisTechTalk: Silicon Valley Bank collapse could see ‘contraction of capital’ – but for now it’s business as usual
There remains ’a massive amount of nervousness’ for some UK insurtechs, says chief executive
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News AnalysisBriefing: Cost of living crisis warrants consumer cover rethink
The extended warranty sector is seeing a ‘renaissance’ as costs rise sharply
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News AnalysisHardest reinsurance renewal market in years to create knock-on impacts
‘We expect underwriting to remain disciplined in light of strong Lloyd’s market oversight over market’s catastrophe exposure,’ says ratings director
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IT InterviewPhil Bayles: Ardonagh Advisory to use ‘regular drumbeat’ of M&A to add ‘more strings to our bow’
Chief commercial officer reveals that the intermediary organisation is aiming to complete 12 acquisitions in 2023, with plenty of transactions closing in Q1 and Q2
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News AnalysisBriefing: Insurers facing flood dilemma as new models remove all doubt
New research provides greater certainty around potential flood events and their location – but how will these details impact the cover offered by insurers?
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IT InterviewChris Kenning: Taking boxing tactics to the insurtech boardroom – ‘it’s about winning’
The chief executive wants to engage younger consumers with insurance through boxing and social media
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News AnalysisBriefing: Lloyd’s breaks silence on Blueprint Two advancements - but is ‘steady progress’ enough?
Amid the market’s announcement about a new chief operating officer, some industry professionals are questioning the pace of digital transformation at Lloyd’s
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NewsBriefing: Cyber clarity move may encourage underwriters to byte
Although the insurance industry may not have the ‘muscle memory’ to react to a major cyber event, Lloyd’s of London’s attempts to clarify cover around state-backed attacks could present opportunities for brokers
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News Analysis‘All or nothing’ parametric policies can ‘cause problems’ despite benefits
The growth of parametric insurance propositions is undeniable, however there is a risk of legal disputes if policy terms are not crystal clear, says law firm partner
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News AnalysisData holding back industry’s efforts to implement social mobility career strategies
While the insurance sector is aggressively addressing imbalances around gender and ethnicity in the boardroom, its strategy on social mobility is seemingly far less advanced – despite the war for talent
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News AnalysisOpinion: Insurer service ‘disconnect’ for brokers still impacted by post-pandemic work models
Simplification, consistency and delivering on promises must become a priority if insurers are to improve service levels for brokers, writes editor Katie Scott
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IT InterviewLiz Bilney: Brokers ‘begging’ for capacity encourages ex-Somerset Bridge Group boss to create new insurtech
The new business will first focus on providing non-standard motor products before eventually creating its own distribution arm
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News AnalysisOpinion: M&A fuels record aggregate brokerage growth
Last year’s private equity investments and broker consolidation caused hikes in aggregate brokerage across this year’s top 50 brokers – but will this be repeated in 2023?
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News AnalysisBriefing: Can insurance step up and lead the charge to address gender pay gap failings?
New research from PWC says ‘it will take more than 50 years to reach gender pay parity’ – but does this present an opportunity for the insurance sector to use its financial acumen and resources to accelerate this timeline?
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IT InterviewAngela Kelly: Gender diversity in loss adjusting is ‘absolutely getting better’
Sedgwick’s director of client operational delivery feels ’that women can think more strategically in terms of problem solving when it comes to managing a claim’
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News AnalysisBriefing: Interpreting ‘beast’ of regulation is ‘battle’ due to unclear FCA communications
Insurers understand that regulatory compliance can be ‘painful and time consuming’ for brokers, but they believe that greater collaboration can reduce the admin burden
