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The 2024 Insurance Times Awards took place on the evening of Wednesday 4th December in the iconic Great Room of London’s Grosvenor House.. Hosted by TV and radio presenter Claudia Winkleman, 37 Gold, 18 Silver and 12 Bronze awards were handed out across an amazing 37 categories recognising brilliance and innovation across the breadth of UKGI.. Massive congratulations to all the worthy ...
Is it the end of the line for property insurance commissions on ...
Feb 3, 2023 · However, following Gove’s announcement a week after the manifesto launch, the broker body noted that the government’s intention to ban managing agents, landlords and freeholders from receiving commission when dealing with insurance for multioccupancy buildings went “further than the FCA question in its report regarding payments to unauthorised property managing agents”.
Briefing: Has Lloyd’s really banned underwriters from insuring …
Jun 2, 2023 · However, it is somewhat of a misnomer to refer to the exclusion policy as one covering state-backed cyber attacks as such. In its bulletin, Lloyd’s specified that cyber insurers operating in its market must exclude losses “arising from state-backed cyber attacks that either significantly impair the ability of a state to function or that significantly impair the security capabilities of a ...
Catch up on the latest M&A deals in the UKGI market - Insurance …
Mergers and acquisitions (M&A) continue in the UKGI market at pace, especially broker consolidation. Keep abreast with the latest deals at Insurance Times.
UK general insurance Latest News
3 days ago · Backchat: December 2024. 2024-12-23T13:00:00+00:00 By Clare Ruel. Insurance Times delivers a bumper Backchat segment in time for Christmas, including a parade full of traditional British pageantry, editor Katie Scott offering public speaking advice, an underwriter sharing a philosophy podcast and a cyber risk management firm celebrating a …
Brokers on the up despite challenging market - Insurance Times
May 29, 2024 · Brokers, for example, have felt the weight of increased demand on compliance teams due to new regulations from the FCA – such as July 2023’s Consumer Duty – while fair value assessments have faced broker criticism due to the sheer amount of work involved when dealing with a large panel of insurers across a number of business lines.. Economic and political uncertainty has contributed to ...
Would I lie to you? | Insurance Times
Oct 17, 2024 · Like every technology, the lie detector has come on leaps and bounds over the years. No longer is there a need for the subject to be strapped to a machine and asked a series of baseline questions to build a foundation before the real quiz starts.
Solvency ratios on the rise as UKGI market continues to face ...
Sep 30, 2024 · Indeed, the average gross claims incurred by UK and Gibraltarian insurers have climbed in each of the last four years. UK-regulated insurers reported average claims totalling £390m for 2023/24, up from £317m the previous year – an increase of 23% – while average claims incurred by Gibraltarian insurers rose by almost 24% to more than £245m.
Delegated authority agreements: What are the red flags and long …
Sep 11, 2020 · Delegated authority (DA) agreements, such as binding authority arrangements, lineslips or consortium agreements, boomed during yesteryear’s soft market as insurers – particularly within the London Market – grappled with how to boost their premium income opportunities and move into more voluminous lines of business to improve topline figures. ...
Starr is the star of 2024’s Underwriting Gold Awards
Oct 28, 2024 · This is why Insurance Times is delighted to exclusively reveal the winners of the Insurance DataLab Underwriting Gold Awards for 2024 within its Top 50 Insurers report – published in October 2024 – with this year’s cohort of winners once again demonstrating resilience and underwriting excellence in a highly challenging market.. The winners of these awards – which include general ...