Insurtech
Insurtech ARMD expands into the broker tradespeople market
ARMD, an insurtech, has formed a managing general agent to target brokers interested in the £6.5bn UK tradespeople insurance market.
Review of the Year 2023: Ageas’s Middle, Beckett, Clarke and Linklater
The Ageas UK management team ponder the plethora of personal lines exits and why a reduction in IPT could be a 2024 election vote winner.
Abacai to pull out of broker business with CCG book transfer
Abacai is to pull out of brokered business in 2024 transferring the panel book of subsidiary Complete Cover Group to UDrive, Insurance Age can reveal.
The Green Insurer launches on CDL’s Strata
The Green Insurer has opened for business claiming to be the UK’s first truly green car insurance broker.
Policy Expert eyes accelerated growth after ADIA takes majority stake
Steve Hardy, CEO at Policy Expert, is confident that new majority backer ADIA understands the business and is well placed to support it going forward.
Video Q&A: FullCircl CEO and co-founder Andrew Yates
Following its partnership with Acturis to integrate its SmartBroker solution, FullCircl CEO and co-founder Andrew Yates explains the benefits for brokers and future plans for the business.
Wakam hires execs from Accelerant and Great Lakes after PRA authorisation
Wakam has filled out its UK leadership team after being granted full branch authorisation by the Prudential Regulation Authority.
Flock to push on broker relationships with NIG fleet partnership
Insurtech Flock has partnered with NIG on fleet insurance in a move that will also involve opening up more broker relationships, according to Ed Leon Klinger, CEO of the managing general agent.
Polaris updates imarket with £1.5m investment
Polaris has updated its flagship digital trading platform imarket following a £1.5m investment.
Fear of AI often comes from fear of change, says Ignite MD MacLachlan
Having surged forward in the past two years, Ignite plans to continue growing by strengthening partnerships with insurers, expanding with brokers, via its Ignition programme and through the integration of its artificial intelligence-powered chatbot.
Broker Insights snaps up James Hallam as latest client
Broker Insights, the data analytics specialist, has signed James Hallam, part of the Seventeen Group.
Applied Systems investigated over alleged anti-competitive conduct
The Canadian Competition Bureau has gained a court order to progress a civil investigation into alleged anti-competitive conduct by Applied Systems and its affiliates.
What does it take to be a broker NED?
Broker non-executive directors need to have excellent communication skills, bucket loads of experience, and be mindful of conflicts of interest, experts tell Ida Axling.
Primary sells Policy Expert to Abu Dhabi Investment Authority
The Abu Dhabi Investment Authority has acquired a majority stake in insurtech Policy Expert from Primary Group, Insurance Age can reveal.
Insly secures £1.5m venture debt funding
Software provider Insly has secured £1.5m in venture debt funding from Hambro Perks.
Ex-Hastings boss Utley on Percayso investment and the state of UK motor market
Neil Utley’s investment in data intelligence provider Percayso Inform was spurred on by an understanding that the insurtech would have made his job a lot easier had it existed when he was chair of Hastings Direct.
What can MGAs learn from the latest turbulence among capacity providers?
The problems at Accredited and Vesttoo highlight the need for managing general agencies to have good risk management in place on their capacity arrangements.
Broker Expo 2023: Brokers need not fear getting ‘rinsed’ exploring AI adoption
Brokers need not go for a ‘big bang’ transformation programme when it comes to introducing artificial intelligence into their business; but gain confidence incrementally by experimenting and trying things.
Market Moves: October 2023
All the latest key personnel moves across the insurance market.
Acturis unveils API integration with insurtech
Acturis has partnered with insurtech FullCircl to integrate its SmartBroker solution into the platform.
Broker Expo 2023: Data “armistice” to lead to greater info sharing and better decisions
Sharing data across the industry will help insurers and brokers make more informed decisions for their customers, according to panellists at Broker Expo yesterday.
Could regulators stymie the growth of the fronter market in the UK?
The failure of Vesttoo in the US has only increased scrutiny on fronters in the UK. But as Saxon East discovers the emergence of Bridgehaven and continued growth of the MGAs, mean that they still have a potentially bright future.
Complete Cover trims losses as turnover and headcount more than halve in 2022
Complete Cover Group has confirmed cutting its headcount to 91 last year, down from 281 in 2021.
My Perfect Broker Week: IRL’s Ed Gaze
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Innovative Risk Labs CEO Ed Gaze shares his thoughts.