News Analysis – Page 48
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AnalysisTech savvy new entrants set to shake-up home insurance sector
Insurance Times explores market movements in home insurance following the FCA’s pricing reform and escalating claims inflation pressures
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IT InterviewWill Edwards: ‘Rate of change is not going to slow down’ despite five star eTrading victory
Zurich’s eTrading journey has evolved from lowest on the leader board in 2018 to being among the high fliers in 2022, based on broker feedback. Insurance Times gets the lowdown on the insurer’s transformation so far…
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AnalysisSimon Bloomfield: Brokers’ referral expectations are not being met by the insurance market
Simon Bloomfield, head of Imarket at digital trading focused software firm Polaris, shares some of the key insights that have emerged from Insurance Times’ Five Star Rating Report: ETrading 2022 and Data Insight Book
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IT InterviewOke Eleazu: Taking the helm as ManyPets’ UK chief executive – the MGA that embodies the ’many’
As Eleazu assumes his new position as ManyPets’ UK chief executive, he speaks to Insurance Times about why the role is so important to him and how he aims to lift others up
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AnalysisBriefing: Staged e-scooter accidents are ‘already happening’ and leading to ‘questionable’ claims
With pandemic-related fraud dwindling, insurance fraud experts believe the next emerging risk will come from the insurtech sector
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Analysis‘Very aggressive segmentation’ set to replace price walking as profit-making tool for insurers
With customers having less incentive to shop around following the FCA eliminating price walking, how can underwriters leverage data to offer discounts to their least risky customers?
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AnalysisBriefing: How the ESG agenda can help insurance be a driver for positive societal change
ESG took centre stage at Biba’s 2022 conference, with an interesting panel on sustainability and even a fully recyclable stand from Allianz - but how can the industry help drive real change in the world?
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AnalysisThe Big Question June 2022: How is the insurance sector progressing in its plans to achieve net zero?
Following a greater regulatory focus on firms’ net zero transition plans, Insurance Times asks the industry how its climate change strategies are progressing
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IT InterviewToby Clegg: Clegg Gifford to tap into ‘distribution heft’ of new parent Markerstudy
The chief executive is also looking to achieve four ‘ambitious milestones’ in 2022, including growing the broker’s retail branch network
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Analysis‘Significant spike’ in tool theft claims poses fraud risk
With ‘the value of these individual claims getting higher’, insurance fraud experts must be alive to cost of living linked inflated claims from end customers and tradespeople
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AnalysisBriefing: Brokers don’t have to be jack of all trades – it’s time to tap into insurtech
Furthermore, brokers can utilise data to disrupt other sections of the regulated financial services market, looking to offer adjacent services to clients, says network’s head of sales
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AnalysisBriefing: Inflation to test industry and clients alike
Brokers must ready themselves for tough conversations if they are to nip potential underinsurance in the bud
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Analysis‘Only a matter of time’ until parametric insurance becomes the norm
Industry experts estimate that cover for IT downtime will be ‘the next stage of growth in parametric insurance’
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AnalysisBriefing: FCA backs Biba on FSCS levy reductions, but admits change ‘will take some time’
Despite some alignment in thinking, Biba’s chair still believes the regulator needs to take ‘a long, hard look at its own responsibilities and approach to our low risk sector’
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AnalysisBriefing: How rising interest rates will impact broker acquisitions
Global M&A activity could be influenced by increasing interest rates and the dip in the dollar’s value
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AnalysisHouse of Lords advocates more proportional regulation for London market
Inquiry calls for ‘broader reassessment of regulatory culture’ as current London market oversight is described as ‘inflexible’ and ‘unnecessarily complex’ by committee chair
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AnalysisOpinion: Hybrid ‘new normal’ yet to be clarified across UKGI
Editor Katie Scott discusses the appetite around industry in-person gatherings ahead of this year’s Biba conference
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AnalysisGap insurance fraud seeing ‘a huge uptick’
As whiplash claims have become less attractive to potential fraudsters thanks to the Civil Liability Act, could gap insurance become a new problem area?
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AnalysisIn Focus: What innovations are software houses releasing for brokers?
Industry commentators discuss what problem solving releases are coming from software houses and platforms in 2022
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AnalysisBriefing: LiPs not ‘disadvantaged’ by OIC process despite industry-wide concerns
Law firm argues that OIC portal process is not a ‘disincentive’ because LiPs are ‘clearly able’ to submit and progress claims
