All The market articles – Page 6
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News
UK government sets out final reform plan for Solvency II
The chancellor has confirmed that the risk margin for general insurance businesses will be lowered by 30%
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News Analysis
Will 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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News Analysis
The 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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News Analysis
MGA 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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News Analysis
Are UK brokers using data analysis as the ‘main driver’ for personal lines cross-selling?
The cost of living crisis could be a catalyst to spur brokers to tap into data and cross-selling opportunities as end clients carefully consider their finances and insurance providers
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News Analysis
Brokers have ‘key role’ to unlock cyber cover options for SME market
Generalist, High Street and regional brokers must not ‘shy away’ from client conversations around cyber cover if penetration of this type of insurance is to improve
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News
Insurers welcome High Court decision in Stonegate Group Covid-linked BI case
The pub and restaurant business is planning to appeal aspects of the court’s decision, while insurers have called the judgment ‘a positive outcome’
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News Analysis
ValueSpace: The insurtech planning to improve insurers’ combined operating ratios by de-risking dams
The former Lloyd’s Lab participant believes dam failure can be classified as a black swan event
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News Analysis
Neurodivergence – the ‘absolute commercial opportunity’ for insurance firms
Insurance firms can benefit from hiring neurodivergent individuals, but more work needs to be done
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News Analysis
Insurers spooked as Halloween’s ‘mischief night’ approaches
With Halloween fast approaching, many insurers will be on their guard as the night is one the biggest for car theft, vandalism, fires and burglaries – but the need for cover doesn’t end there for some haunted customers
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Analysis
The Big Question October 2022: What is the current state of play in the construction professional indemnity market?
Insurance Times asks industry leaders about the current construction PI market as headwinds hit the sector following the likes of the Grenfell Tower tragedy
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Analysis
Complaints fall post-pandemic, but how is the industry really faring?
Insurance DataLab picks out the choice complaints data to explore where insurers are succeeding and where they can target improvements
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News Analysis
Employee ownership could boost ‘motivation and common purpose’ in insurance sector firms
While employee owned businesses can boost productivity, they are particularly susceptible to the harsh realities of the business world
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News
Collaboration and leadership bolsters anti-fraud response – IFED
Detective chief inspector Tom Hill, head of the City of London Police’s Insurance Fraud Enforcement Department, explains how the force is best suited to tackle fraud in its position as a National Lead Force
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Analysis
Revealed: Who won at the Insurance Times Tech and Innovation Awards 2022?
Insurance Times returned to the glamorous Royal Lancaster Hotel in London for this year’s Tech and Innovation Awards on 22 September 2022.
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IT Interview
Domenico del Re: Insurance industry must support roll out of green technology
The insurance industry must lead on green tech cover to support UK’s transition to net zero, says PWC partner.
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Analysis
Briefing: Is hybrid working diminishing London’s leadership as an insurance market?
Individuals entering the world of work today may not have experienced working alongside their colleagues five days a week – ‘their careers may be marked by the lack of that’, according to broker boss
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Analysis
Will the UK government’s road to net zero strategy drive classic cars to extinction?
Classic cars could provide an alternative to electric vehicles as they are more sustainable then the general public may assume
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Analysis
Professional winter sport athletes left out in the cold by insurance
Brokers must ‘think outside the box’ if they wish to fill the winter sports protection gap
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Analysis
Which firms are leading the way on customer experience?
Insurance DataLab takes a deep dive into the customer experience provided by personal lines insurers and brokers – which organisations have excelled across the analysis’ four service metrics?