Financial / Results – Page 40
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NewsBeazley posts GWP of £3.4bn for first nine months of 2022
The specialist insurer’s cyber line also saw GWP growth of 66%
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NewsDirect Line delivers strong growth in commercial lines despite home and motor slump
Penny James, the insurer’s chief exec says inflation is ‘developing in line with expectations’
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NewsDirect Line to launch basic car insurance policy as premiums dip 8.9%
The new product will be launched in Q4
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News AnalysisBriefing: London’s Islamic aspirations move closer with MOU
London is looking to Indonesia to help create opportunities around Islamic insurance and diversity
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NewsPet underwriter secures £15m funding boost
The firm’s founders hope that the extra capital will help them develop a ‘one-stop, holistic service’
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NewsTravel, home and pet policyholders ‘forced’ to cancel cover – GlobalData
The ‘squeeze on living standards’ in the UK is causing consumers to change their spending habits, says insurance analyst
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NewsSMEs to raise prices for customers as costs rise – Premium Credit
New research found that around two fifths of respondents did not know how to address rising energy prices
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News AnalysisIn Focus: MGAs are undoubtedly ‘the sexy side of insurance’ - but what is driving their increasing relevance?
The advantages that MGAs can provide to the insurance sector in a rapidly changing world could help the industry stay relevant
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NewsOver one million households plan not to renew buildings and contents cover – Go.Compare
Those aged between 18 and 24 are feeling the pinch of the cost of living crisis most, found the price comparison site’s research
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NewsInsurers may be ‘forced to scale back services’ as BoE hikes interest rates
Warnings of a long recession also sent the pound into a downward spiral, further piling pressure on insurer’s finances
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NewsAxa UK and Ireland’s revenue increases by 5% across first nine months of 2022
The business’ personal non-motor P&C line dropped in total income, however
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News AnalysisBriefing: Not enough female founders and chief executives in insurtech
The insurance industry has a long way to go to improve the lack of females in insurtech c-suite and technology roles
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News AnalysisWill appetite for UK broker schemes dwindle amid ‘stark drop’ in possible commission earnings?
One line of business presents a silver lining, however, reporting a 10% growth in brokers’ commission earnings as a percentage of premium between April and October 2022
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NewsHiscox UK’s latest trading statement reveals 4% growth in GWP
The insurer’s GWP took a hit in US Dollars, however, due to a sharp depreciation of the British Pound
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News AnalysisThe Big Question November 2022: How can brokers navigate cost of living client conversations amid insurers’ inflation hit rates?
Insurers are having to increase rates as a result of inflation, but end customers may struggle to pay these prices due to the cost of living crisis. Insurance Times asks industry leaders how brokers can navigate these conversations
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NewsCover Genius secures £61m in latest funding round
The funding will help the insurtech boost its business growth and expand its XCover distribution platform, it says
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News AnalysisMGA financials under the spotlight
Insurance DataLab reveals the preliminary findings of its 2022 MGA performance report exclusively in Insurance Times, rating the performance of MGAs based on their financial performance
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NewsBroker CEO Forum: ‘Difficult to manage’ economic turmoil will last until 2024 – RSM
However, opportunities exist for the insurance sector during difficult times, says economist
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NewsGallagher reports rise in Q3 2022 net earnings
The firm’s total revenue saw a slight drop, despite increases for its risk management and brokerage segments
