News Analysis
Brokers still pessimistic over commercial market
London Market KPMG survey predicts consolidation and rate hardening
Brokers split over network independence
Loss of independence cited as major reason for shunning networks, brokers explain
Motor drives combined operating ratios down but it’s not all one way traffic
Rate rises in motor boost half year results but commercial market hardening remains elusive
Farewell to the pool
The Assigned Risk Pool will eventually close in 2013, but entrants to the solicitors’ PI market are already trying to exploit this
Is the FSA ready to trash TCF?
FSA assures brokers its focus on TCF remains despite cancellation of workshop road shows
After the riots
Rioting in August took the country by surprise, but the insurance industry responded well, experts say
E-broking 2011: the rise of online trading
Get ready for increased e-trading, panel tells brokers at inaugural Insurance Age E-broking event
Brokers call for clear risk transfer policy
Biba 2011 delegates demand FSA and ABI devise rules governing brokers’ handling of client money.
Is this the end of insurer love affair with MGAs?
Market flux fuels speculation over managing general agents sector
Clarification needed on credit write-backs
Insurer inconsistency over payment of credit write-backs is frustrating brokers
Dual pricing must end, demands broker
Broker claims three cases cost his firm £35,000
Brokers divided over trade body union
Small independent brokers fear their voice will be lost in the crowd if Biba and IIB merger comes off.
RSA buys into calm waters of marine
Insurer snaps up pleasure craft specialist despite softening marine sector
Law change leaves brokers unsure of role
Brokers fear increased burden if Consumer Insurance Bill passes into law.
E-broking: keep your business in touch
The event that will demonstrate how to get the most out of e-broking
Brokers unconvinved by signs of market hardening
Lone suggestion that the commercial market could be on the cusp of changing is dismissed by rest of market.
FSCS pledges to target insurers in the wake of High Court PPI ruling
The Financial Services Compensation Scheme’s (FSCS) confirmation that it will pursue recoveries from insurers involved in the mis-selling of payment protection insurance (PPI) has triggered debate over where the responsibility for the whole debacle…
FSA fines set to treble, brokers warned
Two new regulators formed from splitting the FSA could compete to set the highest fines
Blanc sheet for new Axa appointments
After several high-profile departures at Axa Commercial, what do two new hires mean for the insurer?
Rocketing motor premiums put telematics back on the agenda
Brokers could regain market-share, as reports reveal 40% price increase
EL faces year without online processing
“If insurers make this mandatory, this could effectively stop e-trading [in this sector] altogether” – Simon Ronaldson, Acturis
Trade credit insurance changes may leave brokers open to attack
Measures to widen cover available to UK businesses exporting to non-OECD countries could give brokers familiar with the changes a chance to poach clients
Ruling forces rethink over ash cloud payouts
Ombudsman rules that insurers remain liable for payouts to passengers left stranded by ash cloud
Line blurred between mid corporate and SME
Lack of clear distinction between SMEs and mid corporates has led to an overcrowded sector