SME
Ten ways to combat underinsurance
Brokers play a key role in helping businesses get the right amount of cover and in times of inflation, more than ever, this role becomes absolutely crucial in avoiding underinsurance, argues Nick Hobbs, chief distribution and regions officer at Allianz…
Broker Expo 2022: Insurers urged to ‘get rid’ of volume barriers on new broker agencies
Insurers have been urged to get rid of broker minimum premium commitment levels which ‘stymie consumer choice’.
In Depth extra: Not a fleeting thought - how the insurance market is catching up on EV
Although the fleet market is still lagging behind the private car space when it comes to the adoption of electric vehicles, Lauren Ingram discovers change is inevitable.
Market Moves - November 2022
The latest recruitment news from around the industry.
Products: November 2022
Product launches including cover for smaller contractors, SME excess of loss, community enterprises and embedded scheme business
Editor's letter: Is RSA finally ready to cross the road to improvement?
This month Insurance Age gauged broker views on RSA as it appears once again to be at the crossroads
Newbie News: Capsule
CEO Thomas Wynne tells Insurance Age how he went from being managing director at Kingsbridge to starting an insurance partner for high growth start-ups, Capsule
News analysis: RSA's big challenge - turning around broker service
RSA is investing in its broker service as it aims to reverse years of decline. Having published its strategic roadmap for 2025, Saxon East discovers that although there is plenty of goodwill, it faces a battle to convince brokers it can achieve its goals
Aviva calls on UK government to act on being climate-ready
Aviva has released a new report which lays out how the UK government and financial institutions can become more climate-ready and that SMEs need support to take climate action.
Gallagher highlights ‘excellent’ UK amid booming organic growth
The UK has been one of the strong performers in Aon and Gallagher results, as clients battle the economic slowdown.
People Moves: 24-28 October 2022
Keep up to date with the latest personnel changes within insurance.
Sutton Winson snapped up by acquisitive broking group
Sutton Winson and Sutton Specialist Risks have been acquired by Acrisure.
GI firms need to step back and consider what to do differently under Consumer Duty, says FCA
The insurance sector is well placed ahead of the implementation of new Consumer Duty rules but “there will be changes needed”, according to Daniel Hurl, head of market analysis and policy, insurance, at the Financial Conduct Authority.
Zurich to open offices in Bristol and Southampton
Zurich is set to open an office in Bristol this year and aims to open in Southampton next year, Insurance Age can reveal.
Zurich retail head Dave Martin quits
Zurich head of retail Dave Martin has resigned, Insurance Age can reveal.
UK Broker Awards 2022: Schemes Broker of the year
Marsh Commercial’s schemes business hit double-digit growth last year after a huge effort to put becoming a trusted adviser at the heart of its culture. The company set out to relentlessly focus on clients and continuously develop its team and technology…
News analysis: Post FCA Covid-19 test case how are brokers finding the BI market?
Business interruption was put in the spotlight during Covid-19, as insurers insisted that the pandemic was not covered in policies, Insurance Age looks at how BI has changed since then.
Stubben Edge buys finance platform Finpoint
UK-based insurtech Stubben Edge has acquired credit broker Finpoint for an undisclosed sum.
Aviva to open up HNW distribution to regional brokers in 2023
Aviva will be targeting additional high net worth underwriting capacity next year at regional independent brokers who “tend to have a handful of cases”, Gareth Hemming, managing director of UKGI distribution & SME has told Insurance Age.
FCA warns insurers to support customers’ wellbeing during cost of living crisis
The Financial Conduct Authority has expressed concerns, in a new 'Dear CEO' letter, that customers may cut-back on the insurance they need as pressure mounts on household budgets.
BGL Insurance prioritises talent and digital following Markerstudy deal
Managing director of distribution at BGL Insurance, Laura Mullaney highlights the brokers’ main focuses after its takeover by Markerstudy.
Acrisure continues UK expansion with CRK Commercial Insurance Services buy
US-based Acrisure has made its second UK broker purchase with CRK Commercial Insurance Services, following the acquisition of Russell Scanlan.
Complete Cover report details outsourcing to South Africa and job cuts
Complete Cover Group introduced a restructuring programme in the fourth quarter of 2021 to significantly reduce the UK workforce with much of the customer facing activities outsourced to South Africa, a Companies House filing has revealed.
The stats: Q2 2022 - Pricey premiums pile on the commercial pressure
There have been rises across all classes, except fleet, as recent figures from the Acturis Commercial Lines Index reveal, putting pressure on companies. Rachel Gordon reports