Story of the Day – Page 19
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News AnalysisTechTalk: Crypto stock market crash could burst AI bubble for insurtechs
’The downturn in the crypto markets signals a period of heightened caution and strategic reassessment’, says chief operating officer
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IT InterviewJames Slaughter: Apollo’s CUO on the importance of vision and a ‘gin and tonic document’
’This sector is a fabulous industry, but fraught with unsolved problems,’ says chief underwriting officer
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News AnalysisIn Focus: How can cyber insurance adapt to address risks across other lines of business?
With the rise of sophisticated cyber threats infiltrating a myriad of insurance classes, how can cyber insurance adapt to effectively address risks across various lines of business?
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NewsAviva spies ‘accretive growth opportunities’ through ‘dual stamp authority’ approach with Probitas
UKGI chief executive says the insurer is ‘more excited’ about its latest purchase now than it was when the acquisition was first announced in March 2024
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News AnalysisRise in litigation funding puts insurers on high alert
Litigation funding has the potential to ‘drive bad claims further than they should go’, warns law firm partner
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News AnalysisInsurers see ‘wide variety’ of claims reaching ‘hundreds of thousands of pounds’ linked to UK riots
However, insured losses should prove ’manageable for British insurance companies’ thanks to the Riot Compensation Act 2016, says managing director
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News AnalysisUptick in fraudulent tinnitus claims is ‘an inherent, major issue’ for motor insurers
With tinnitus injuries attracting anything up to £90,000 in claim payouts, squashing fraud in this area is vitally important in protecting both policyholder and insurer purse strings
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IT InterviewJo Musselle: Hiscox targets ‘new distribution deals’ with brokers as part of ‘omnichannel’ strategy
Market-wide appetite ‘to trade more in a digital way’ sees insurer commit to roll out high net worth proposition on eTrade extranet by year-end, says chief underwriting officer
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IT InterviewRamesh Singh: ‘Watch this space’ as Aviva bolsters financial lines with new talent
The industry should ‘watch this space’ for developments in financial lines, says underwriting director
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IT InterviewChris Hall: QuestGates’ new investment will accelerate growth plans
’With this new investment, we can be just a little bit more ambitious and a little bit quicker, while still being conservative,’ says chief executive
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News AnalysisIndustry grapples with ‘scalability challenge’ around generative AI
While many insurers and brokers are dipping their toes into the waters of generative artificial intelligence, the line between experimentation and successfully scaled use cases is blurred
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NewsDifferences in how FOS and insurers treat coverage disputes causing industry ‘irritation’
The compensation service prefers to review cases through a non-disclosure lens, rather than consider average clauses, says law firm partner
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IT InterviewPaul Howley: From account executive to startup broker
’I have a family to look after as well, therefore it was difficult to just start from scratch,’ says managing director
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IT InterviewGeoff Carter: How scale, strategy and a ‘barbell approach’ to underwriting is keeping Sabre so profitable
’We won’t ever be the biggest, but we do want to be the most profitable,’ says chief executive
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IT InterviewSarah Willoughby: Ecclesiastical ‘on track’ to achieve art and private client growth target
An important driver in delivering consistent year-on-year gross written premium growth is providing quality service and education opportunities for brokers, says art and private client business director
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News AnalysisWill the lithium-ion battery boom trigger an insurance bust?
The rising use of lithium-ion batteries is increasing fire risks, prompting potential policy wording changes. How will the industry respond to this new challenge?
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NewsMore brokers favouring live chat over phone calls for eTrade queries
’We are definitely seeing the shift in terms of brokers enjoying the live chat experience,’ says head of SME trading
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IT InterviewSerge Raffard: Allianz Personal sees ‘huge opportunity’ in broker relationships
The ‘Frenchie’ leading Allianz’s personal lines business is excited by the ‘competitiveness’ of the UK market and the ability to action change quickly
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NewsBlueprint Two’s ‘continual slippage’ in delivery raises market concerns
’The delayed progress is down to an underestimation of the scale of the project by market participants themselves,’ says chief executive
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News AnalysisThe impact on insurance after faulty update causes global IT outage
’This is the most widespread global IT outage we have seen in 20 years of underwriting cyber risk,’ says department head
