All The market articles
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News Analysis
The Big Question November 2024: What does UKGI hope will result from Labour’s motor insurance taskforce?
In October 2024, the newly elected Labour government established a motor insurance taskforce to ’crack down on spiralling costs’ – but what does UKGI anticipate will be the key actions arising from this body and will it have the desired impact on motor premiums?
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News Analysis
Which are the most complained about insurers?
Market intelligence firm emphasises that ‘insurers need to do better to prevent complaints from happening’ as redress payments increase
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News Analysis
The final frontier: Insuring the rise of space tourism
Although appetite for commercial space tourism is gaining more traction, a lack of historical data and uniform regulation leaves insurers interested in this line of business stalling
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News Analysis
Incubators help MGAs take their first steps
MGA incubator models are growing in popularity, especially as support from these firms can trim nine months from the regulatory approval process for startups
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News Analysis
The rising prominence of moped crash for cash fraud
‘This is the physical manifestation of that type of modern fraud that anybody can become a victim of,’ says detective inspector
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News Analysis
The Big Question: How can brokers support directors to navigate new regulations and mitigate the risk of D&O claims?
Experts discuss how brokers can guide company directors through evolving regulations, offering strategies to mitigate the growing risks of directors and officers (D&O) claims
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News Analysis
Solvency ratios on the rise as UKGI market continues to face unprecedented pressures
Insurance DataLab co-founder Matt Scott dives into the the market’s latest SFCRs to draw out a number of trends
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News Analysis
Latest broker schemes data hints at ‘slightly improved’ trading period
’While premiums have seen increases across the board, commissions have increased at multiples of this,’ explains chief executive
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News Analysis
Broker networks ramp up distribution focus
’The ability to gain distribution benefits is a major driver for brokers joining networks,’ says director of policy and public affairs
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News
Revealed: Which firms won at the Tech and Innovation Awards 2024?
Double wins and debut successes at the 2024 Tech and Innovation Awards – was your firm among the winners?
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News Analysis
The Big Question: Where can the FCA streamline its rulebook in line with Consumer Duty linked review?
Insurance Times asks industry experts about where the FCA can simplify its rules to avoid duplication with Consumer Duty regulation
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News Analysis
What are the best performing business lines in UKGI?
Insurance DataLab reveals exclusive analysis of the five largest business lines in UK general insurance, detailing which products are currently the most profitable
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News Analysis
‘Calmer waters’ for reinsurance in 2024 signals innovation opportunity
However, no new startups appear to be taking advantage of ‘gradual softening’ market conditions and some reinsurers are described by primary firms as ‘opportunistic’ in their bid for growth
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News Analysis
MGA market continues to grow – but which are the best performing firms?
Insurance DataLab reveals which UK-based MGAs are ‘setting themselves up for a bright future’ with robust financial results
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News Analysis
Does premium finance need fixing?
Are premium finance products fighting underinsurance or providing ‘pain’ for ‘customers who are the least financially resilient’? Insurance Times takes a closer look…
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News Analysis
The Big Question: How would you describe Blueprint Two’s progress so far and is it on track to support the market efficiently?
Insurance Times asks experts about the progress of Blueprint Two and whether the digital transformation programme will be effective
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News Analysis
New research shows flexibility in working practices is vital in insurance sector’s war for talent
A full third of surveyed companies in the insurance sector did not mandate any days in the office according to the results of the UK Insurance Working Policy Report
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News Analysis
Consolidation leads to capacity squeeze in HNW market
M&A of high net worth focused businesses has created ‘one of the hardest markets’ for placing these specialist risks, says broker managing director
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News Analysis
The Big Question: What was the most important lesson learnt at the Biba Conference 2024?
Industry leaders reflect on the most significant lessons they learned at this year’s conference, or the key takeaways they took back to their businesses
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News
Industry must move on from identifying fraud via ‘particular profiles’ of fraudster
’Until we start hurting people in their pockets, they’re not going to stop doing this,’ says counter fraud expert