All Suppliers articles – Page 86
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NewsFCA’s fair value set to impact new business for insurers – GlobalData
Data and analytics firm believes that there is ‘good evidence’ that FCA’s fair value regulations have affected insurers pricing strategies already
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NewsMP John Glen proposes insurance industry overhaul in Solvency II reform
A new Brexit Freedoms Bill will be brought forward too
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AnalysisIn Focus: Are broker schemes the answer to professional indemnity cover challenges?
Industry experts debate whether broker schemes could solve professional indemnity insurance’s (PII) woes after SchemeServe revealed PII schemes netted brokers the most income between 1 April and 31 September 2021
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News‘Real work’ still to do to improve customer communications
However, ‘the industry has some great potential’ around using artificial intelligence to create personalised interactions with consumers, says expert panel
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NewsInsurance demonstrates it is ‘the shock absorber for the world’ in combating new risks
Event panellists also identify cyber risks as ‘the next systemic event that might hit’ commercial customers
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NewsInsured losses from Storms Dudley and Eunice predicted to reach up to €4.5bn
Wind damage arising from Storm Eunice ranks her as the ‘costliest European windstorm of the last 15 years’
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NewsHome and motor premiums experience ‘stark’ uptick following FCA rule change
Market research firm finds that premiums in these lines of business have experienced the biggest one-month jump in eight years as a result of the FCA eliminating price walking
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AnalysisIn Focus: How broker schemes are navigating the FCA’s fair value focus
The regulator’s pricing reform, which includes product governance requirements, raises industry questions about whether broker schemes offer fair value to customers
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NewsUK general insurers’ profits to be battered by back-to-back storms – Fitch Ratings
Credit rating agency expects gross insured losses in the realm of €5bn in UK, Germany and Netherlands combined
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NewsFCA’s GI pricing reform used ‘a sledgehammer to crack a nut’ – Fairer Finance
Plus, ‘very consumer oriented’ regulation is being stretched into ‘the realms of international and corporate business’, which may not add customer value, says Aon UK boss
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NewsTravelers buys Trōv’s technology assets
The insurtech’s founder and chief executive says Travelers is ’the ideal company’ to take its ’technology to the next level’
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AnalysisChanges to the Highway Code set to cause ‘absolute chaos’ for commercial fleet drivers
Brokers will be at the forefront when it comes to educating the public about the changes, while insurers will need to watch out for fraud
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AnalysisBriefing: Ageas UK’s commercial sale comes at right time
Ageas exits commercial lines - the insurance landscape is changing
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AnalysisLloyd’s signals ‘phony innovation war’ is over with 2022 blueprint buzz
Lloyd’s digital transformation could save the marketplace both time and money in the future, but the implementation process could pose challenges. Insurance Times investigates
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NewsBiba launches Flood Insurance Directory in response to Blanc’s Doncaster review
The ‘cross-industry and government collaboration aims to provide a simple solution to a challenge that will help those that need it most’, says trade body’s executive director
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NewsPolaris reports record usage of all its 2021 products
The industry owned organisation remains committed to investing in its products to enable the sector to ‘push the boundaries of digital trading’
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NewsABI partners with behavioural science social enterprise
The partnership aims to improve customer experience, trust and financial resilience by boosting numeracy confidence
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NewsFCA on the hunt for new senior leaders amid threats of staff strikes
The regulator is adopting a ‘campaign style’ approach to recruitment as it seeks to expand its talent footprint, says market executive director
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NewsConsumers want more communications and usage-based policies from insurance firms
The majority of consumers surveyed want to hear more about the status of their claims from insurers
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IT InterviewOla Jacob: ‘Flying the flag’ for diversity and inclusion equals greater innovation
While the recruitment and retention of ethnic minorities has always been an issue for the insurance sector, FloodFlash’s broker success manager hopes to demonstrate that the industry does, in fact, have a place for everyone
