News Analysis – Page 48
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News AnalysisFOS complaint volumes surge as Consumer Duty deadline looms
With the implementation deadline for the new Consumer Duty regulations fast approaching, Insurance DataLab analyses the latest ombudsman complaints figures to see how the industry is performing
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IT InterviewLee Mooney: ‘Fear of failure’ inhibited RSA
The insurer is now working to improve by listening and acting on broker feedback, says commercial lines managing director
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News AnalysisIn Focus: Consumer Duty presents ‘huge opportunity’, but implementation has not been smooth
With the 31 July 2023 deadline fast approaching, can the general insurance sector properly grasp the opportunities new regulation offers?
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News AnalysisBriefing: The Silicon Valley Bank collapse – a case for an insurtech backstop?
With the insurtech sector struggling in the current economic climate, are the twin blows of Tech Nation and the Silicon Valley Bank too much?
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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 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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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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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
