United Kingdom (UK)
Insurance Age: 2021 Products Edition
This special edition is brought to you by Insurance Age in association with NMU, HSB and Novidea and explores how technological innovation has, and will continue to be, a catalyst for change within the broker market.
Advertising feature: Re-personalising property and package underwriting
Duncan Scott, head of underwriting operations for Q Underwriting's newly formed property and package division explains how its latest product can support brokers with larger complex and ‘hard to etrade’ risk.
Advertising feature: An open letter from Bernard Mageean, CEO of Q Underwriting
Bernard Mageean, CEO of Q Underwriting pens an open letter on the need for MGAs to adapt in an ever-changing market and what the future holds for the business.
PIB sets sights on long term investment deal
The recently re-financed business is aiming to find a longer-term backer in 2021.
Arch Capital buys Barbican
The deal is the latest in a long line of acquisitions by the group.
Australia’s PCS Insurance buys Paragon outright for £42m
Co-CEO and founder Tara Falk will join the PSC board upon the deal’s completion.
Covéa launches commercial combined product
The offering, targeted at SMEs, is the first in a planned series of fresh products.
Government revives further regulation of aggregators
The government referenced a 2017 study into digital comparison tools by the CMA.
Motor market records best year since 1985 ahead of troubled future, says EY
FCA pricing investigation and Civil Liability Act are expected to depress profitability in future years.
InsurTech Futures: Insurance heavyweights strengthen backing of InsurTech Inzura
Phil Bunker, Michael Blaney, Julian Edwards, and Paul Cosh helped to raise an additional £1m of investment.
SEP Insurance chooses Applied Systems
The software package will give customers 24/7 access to policies and claims.
Brokers sceptical of Aviva’s new direction
The insurer is separating its life and general insurance businesses, as well as targeting 1,800 redundancies.
Worries raised about broker knowledge of construction
Research from HSB Engineering Insurance shows majority of brokers are in the dark when it comes to developments in technology in the construction sector.
Zurich UK names Robert Kuchinski as head of commercial insurance
Kuchinski has worked in insurance for over 30 years.
Call for new Aviva leader to have greater "broker focus"
Experts agreed that Mark Wilson left Aviva in a “pretty good shape” but want a leader who can provide the UK broker market with long-term support following Wilson stepping down from the CEO role.
In Person: Konsileo CEO and co-founder John Warburton
Having secured £2.7m Series A funding from Committed Capital, Konsileo co-founder and CEO John Warburton tells Jonathan Swift how taking offence at consolidation and a digital role in Munich led him to start-up his own InsurTech broker
Insurtech start-up Konsileo secures £2.7m in funding
John Warburton's InsurTech start-up Konsileo is targeting 25 brokers after receiving funding.
Tokio Marine Group picks Luxembourg as post-Brexit base
According to the firm its aim is to have the new insurance company incorporated and capitalised within the first half of 2018.
Regional review: Southampton and Portsmouth
Insurance Age discovers if the Southampton and Portsmouth market is shipshape and asks if the area faces any stormy seas
Chubb enhances package policy for technology companies
Insurer highlights improved cyber cover in new offering.
Which broker will win the Best Employer award 2017?
Insurance Age has teamed up with Best Companies Group to find out who the best broker employer is for the UK Broker Awards.
Lloyd’s pre-tax profit flat at £2.1bn in 2016
Market’s COR deteriorates to 97.9% as GWP rises.
Lloyd’s announces Brussels Brexit move
The business will open a subsidiary in Belgium which will be its EU base.