Insurer News – Page 5
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Neal issues Blueprint Two update after phase one delayed
’[We] will continue working alongside the market associations to ensure we can safely deliver phase one,’ says chief executive
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ABI releases guide to help industry improve support for autistic customers
’Understanding autism and how to better support autistic customers is essential,’ says executive sponsor
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Home insurance premiums surge after bad weather strikes in Q1 2024
’The anticipated timing for lowering of home insurance premiums remains uncertain,’ says director
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Consumer trust declines following surge in insurance premiums
’The sharp rise in insurance prices is inevitably taking its toll on levels of customer trust in the sector,’ says managing director
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Zurich to evolve propositions to boost growth in 2024
’We are looking to make sure that we continue to grow,’ says chief executive
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High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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Lloyd’s reports 2023 profit surge and ‘strongest’ COR since 2007
’The results we’re reporting today are our best in recent history,’ says chief executive
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New MGA launches with goal of addressing broker anger in PI space
’There has been a mounting level of frustration in the market at poor outcomes and unwillingness to actively underwrite in the PI space,’ says chief executive
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Cyber insurance is ‘inaccessible’ for SMEs
Asking SMEs to buy cyber insurance is ’like asking them to voluntarily buy a culture change’, says cyber chief executive
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FCA identifies ‘areas for improvement’ in insurers’ valuation of vehicles
The findings of the regulator’s multi-firm review have identified some failings in motor total loss claims
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ABI ‘disappointed’ by Supreme Court ruling and warns of increased cost pressures
’The outcome risks undermining the intention of the whiplash reforms,’ says association
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Chaucer enters weather insurance market with new parametric product
The (re)insurer has also put together a new specialist team to help with its entry into the market
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Lloyd’s Lab unveils America-focused cohort 12
’The lab’s recent success with region specific themes further validates the work of the lab,’ says senior manager
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Revealed: Insurance Times Claims Excellence Awards finalists 2024
The awards are designed to recognise the best and brightest in the UK insurance claims sector
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Supreme Court unanimously rejects insurers’ mixed injury appeal
People with mixed injury claims can claim full common law compensation for their non-whiplash injuries at the same time as the statutory tariff payment for whiplash, the court has ruled
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Claimant’s solicitors ordered to pay costs over dishonest injury claim
’Claimants’ solicitors are not immune from cost penalties,’ says partner
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Apollo forms new partnerships for Lloyd’s Marine Builders’ Risk Consortium
’This new consortium offers Lloyd’s brokers a genuine alternative,’ says leader
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Axa Commercial appoints new director of SME intermediary
’His expertise will be crucial in helping us to create a seamless digital customer experience,’ says director
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Bikmo enhances proposition with new partnership
’We’re looking forward to working with dealers to support their business by adding insurance to the mix of services they offer their customers,’ says global head of partnerships
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UK&I leads way in European insurance M&A deals as transactions increase
’A number of landmark transactions continued to shape the evolution of the European broking landscape,’ firm says