Allianz Holdings has posted a 65% jump in operating profit in 2023, after 2022’s result was less than half the year before.
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
News Editor’s View: Fraud has long been a scourge of the insurance industry, and with £1.1bn of fraud still going undetected, Scott McGee asks: “Could AI be an avenue to revolutionise fraud and the way the industry approaches it?”
Zurich UK has reported a 9% increase in GWP for its property and casualty business in 2023, while profits jumped by £1m.
The clock is ticking to enter the 2024 British Insurance Awards – all entries must be submitted by the 1 March deadline.
Axa has reported a 7% increase in its global P&C book thanks to “favourable price effects” throughout all geographies and business lines.
John Neal, CEO of Lloyd’s of London, has responded to claims he is chasing more multi-national insurers to join Aviva and enter the marketplace.
Stuart Kilpatrick, managing director of Burns & Wilcox UK, tells Insurance Post about the post-Biba conference pivot the business has undertaken, plans to create a specialist business in the UK, and how it "doesn't matter” where his staff work.
Last year, Lloyd’s commissioned Franklyn Rodgers to create six portraits of diverse role models, and over the coming weeks we will feature them all. Today’s spotlight is on Kirat Kaur Nandra, diversity, equity and inclusion champion and currently credit control manager at Chubb.
With winter sports season in full swing, Aamina Zafar examines how the case against the A-list Hollywood actress highlighted the need for appropriate cover and training for claims handlers receiving calls from those who may have forgotten slope etiquette post-pandemic.
Editor’s View: Emma Ann Hughes argues that if Amazon had been allowed to watch every move consumers make, then the retail giant’s Insurance Store would have obliterated insurers in the same way it emptied the high street.
Frances Stebbing explores what new rules being introduced for flexible working in mid-2024 mean for the way the insurance industry operates.
News Editor’s View: After the British Insurance Brokers' Association asked personal lines insurers to commit to the broking channel, Scott McGee looks at what has got brokers spooked, and what action needs to happen in order for a fruitful future.
Data analysis: Insurers where chief risk officers, supported by artificial intelligence, have a seat at the top table are most likely to succeed over the next decade, according to a report by consultancy LCP.
Data analysis: Francess Stebbing examines whether insurtech start-ups will struggle to find funding in 2024 and be forced to partner-up with traditional providers to achieve scale.
Data analysis: Insurers think ‘everybody is doing better than us’ when it comes to digital transformation, a survey by Davies and Clearwater Analytics has shown.
Data analysis: Insurance firms are leaking billions of pounds in revenue and are clueless about how to prevent it from happening, according to a report from data consultancy Sagacity.
- Aviva to return to Lloyd’s ‘by the end of the year’
- Lloyd’s CEO addresses rumours he is big game hunting
- Covéa and Markel win Covid BI reinsurance disputes
- Diary of an Insurer: Allianz Commercial's Olivia Baker
- Pace of motor insurance inflation starts to slow
- Profits jump £1m as Zurich UK enjoys stable growth in 2023