Matt Scott
Matt Scott is the cofounder of Insurance DataLab, a market intelligence platform launched to solve the increasingly difficult challenge of finding credible, comparable and digestible information on the performance of insurance companies.
He is also an award-winning journalist who started his career as an actuarial associate consultant, at Aon where he studied towards the professional exams of the Institute and Faculty of Actuaries and completed an MSc in actuarial finance at Imperial College Business School.
As insight editor of Insurance Times, Matt reported widely on the UK general insurance market, focusing particularly on the financial and regulatory landscape. He has authored many well-respected research publications including the annual Insurance Times Top 50 Insurers and Top 50 Brokers reports and spoken at a number of industry events on topics, including motor insurance, regulation, cyber insurance, customer service and financial performance.
Matt is a keen martial artist and football fan and when not in the office he can often be found enjoying the countryside of Dartmoor near his native Plymouth.
News AnalysisBriefing: If claims is the shop window, I’m not buying
Industry must improve its communication with customers to mitigate flood of FOS complaints
News AnalysisComplaints handling not up to scratch as complaints volumes soar
Consumer Duty has placed a greater spotlight on complaints data, however findings for UKGI show that ‘more than a third of cases’ are being overturned by the ombudsman
News AnalysisIs carbon credit cover the next cyber market?
The carbon credit insurance market presents a ‘really exciting’ opportunity – especially as it could be worth up to £24bn by 2050
News AnalysisInsurance M&A continues to rise – but has it reached its peak?
Broking M&A is focusing on the extremities of the UKGI marketplace, with smaller firms being eyed up and the ‘consolidation of the consolidators’ potentially on the cards too, says co-founder
News AnalysisIs travel insurance next on the FCA’s radar?
The regulator’s approach to Gap insurance has signalled its enforcement style for 2024 – but could travel policies ‘riddled with caveats’ be the next product under the fair value spotlight?
News AnalysisBriefing: The trouble with motor insurance
Discriminatory pricing is evident in motor insurance premiums – the industry needs to come up with new ways to make this product more accessible and affordable
News AnalysisWhat does the FCA’s actions on Gap mean for the future?
We’ve heard that the unofficial threshold for that payout rate may be set at 30%, with business lines falling under that level likely to draw increased scrutiny from the FCA, says co-founder
News AnalysisBriefing: What next after Gap?
The FCA’s latest target could be the start of more to come
News AnalysisHow is the industry faring six months on from Consumer Duty implementation?
Half a year on from the landmark regulation coming into force, Insurance DataLab takes a look at its impacts on the sector
News AnalysisBriefing: Is 2024 the year the FCA gets tough on insurers?
All the signs point towards further regulatory activity this year
News AnalysisBriefing: UKGI optimism is high, but some of the usual problems persist
While 2024 will undoubtedly continue to set fresh challenges alongside the usual suspects, there is certainly space for optimism
News AnalysisBriefing: Insurers on red alert as FCA looks set to bare teeth over Consumer Duty
At a recent webinar, a compliance expert claimed the regulator had ’20 enforcement notices sat on their desk ready to go to insurers over the next quarter’
News AnalysisWhy Aviva, Arch and Ageas were named insurers of the year
After being crowned as market-leading insurers at this year’s Insurance Times Awards, Insurance DataLab explores the figures behind the trio’s successes in 2023
News AnalysisBriefing: Is the motor market ready to turn a corner?
The motor sector’s COR has deteriorated due to headwinds such a rampant claims inflation, but could inflation be about to ease?
News AnalysisBriefing: Tough times for brokers, but future remains bright
Matt Scott takes a view on the broker market’s prospects following the publication of this year’s Top 50 Brokers report
News AnalysisThe most complained about products in UKGI
Insurance DataLab analyses the latest ombudsman complaints data to find out which product lines – and which insurers – are receiving the most complaints from consumers
News AnalysisBriefing: Are apprenticeships the secret weapon in the war for talent?
Companies can benefit from hiring apprentices in multiple ways
News AnalysisBriefing: Where next for personal lines?
It remains to be seen how long it will take for the sun to rise on personal lines insurers once again
News AnalysisGibraltarian insurers still reporting lower solvency positions than UK
With the Insurance Times Top 50 Insurers report out this month, data provider Insurance DataLab takes a look at the solvency positions of insurers across the UK and Gibraltarian insurance markets.
News AnalysisBriefing: Insurance might not be Hollywood, but it still offers exciting career prospects
Actuary: The Movie might not have as much appeal as The Wolf of Wall Street or The Social Network when it comes to box office hits, but a career in insurance can certainly still be exciting
