Top 100 UK Insurers 2020: AM Best Commentary: Material uncertainty
This article was paid for by a contributing third party.
The 100 largest UK-regulated insurers reported a combined underwriting profit in 2019, albeit lower than in 2018. Bond yields fell in 2019, however, investment earnings benefited from the strong performance of equity markets. How will the impact of the challenges from 2020 including Covid-19, climate change and Brexit affect the market going forward?
The operating, financial and economic challenges created by Covid-19 are dominating the 2020 market environment for UK non-life insurers. In the first half of the year, travel, event cancellation and
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Commercial
Like the World Cup, PRA says captives are ‘coming home’
As England fans look forward to the kick-off of the World Cup campaign, the Prudential Regulation Authority has stated its own ambition to bring captives home.
Zurich’s Seach urges industry to tackle AI risk blindspots
As businesses face volatility from artificial intelligence and cyber security, Penny Seach, group chief underwriting officer at Zurich, kicked off the Airmic Conference by telling insurers to identify and overcome “blindspots” to evolving threats.
Curious case of Aon’s co-CEOs as Page and Kielty exit
Content Director’s View: The appointment of co-CEOs at Aon following Jane Kielty and Julie Page stepping down reignited a familiar debate – is joint leadership ever a good idea? Jonathan Swift examines whether the sceptical reaction was justified.
Case for a more connected future for insurance
View from the Top: Jason Richards, CEO for the UK & Ireland at Swiss Re, ponders the exciting future that could be ahead for the industry if it successfully harnesses digital transformation.
Zurich backs Jensten with £300m multi-year capacity agreement
Jensten Underwriting has secured a £300m multi-year capacity agreement with Zurich, under which the insurer will become the primary capacity provider to the Bain Capital-owned MGA.
No own goals: insuring the biggest World Cup yet
As the 2026 Fifa World Cup prepares to kick off across the US, Canada and Mexico, Tom Luckham explores how insurers are underwriting one of the world’s most valuable sporting events.
Fair value rules still fail brokers and consumers alike
Four-and-a-half years after the Financial Conduct Authority’s fair value rules arrived, Branko Bjelobaba, principal of compliance consultancy Branko Ltd, argues inconsistent data and vague metrics still make it difficult for brokers and consumers to compare insurance products properly.
Big Interview: Jon Walker, Axa Insurance UK
Following the merger of Axa’s retail and commercial businesses under one brand, Axa Insurance UK’s CEO Jon Walker runs through the thinking behind the move plus what to expect next from the provider.