Commercial
Convex’s Brand urges rivals to stop moaning about brokers’ profits
Paul Brand, CEO of Convex, has told carriers to focus on harnessing technology to drive down their own operational expenses rather than wishing brokers would charge less.
Diary of an Insurer: NBS Underwriting’s Paul Bennett
The working week of Paul Bennett, underwriting director of NBS Underwriting, combines strategic meetings, underwriting decisions, and broker interactions with adding Hadron to his organisation's panel of insurers.
Pace of general insurers’ race to net zero revealed
As the 2024 United Nations Climate Change Conference, known as Cop 29, begins in Baku, Azerbaijan, Insurance Post’s Emma Ann Hughes analyses the pace of providers racing to become net zero heroes.
RSA fraud chief spotlights growing commercial fraud threat
Adele Sumner, head of counter fraud and financial crime at RSA, has called for increased awareness on the growing threat of commercial insurance fraud.
Crawford looks to TPA business and AI to drive growth
Crawford is looking to capitalise on a wave of interest in third-party administration services in order to grow and diversify its revenue streams, its CEO of international operations Andrew Bart has said.
Upcoming webinar: How is the delegated authority business changing in the digital age?
With The Lloyd’s Market Association crunching the findings of its market-wide consultation on the new Computable Binding Authority Agreement (CBAA) model, bordereaux management is entering a new era.
Large corporates facing ‘ambiguous and challenging’ risk landscape
A confluence of global risk trends means large corporate clients are finding it harder to manage international insurance programmes and are increasingly looking to alternative solutions, Swiss Re Corporate Solutions’ Adrian Hall has said.
Is carbon insurance the biggest opportunity in decades?
With carbon insurance tipped to become a billion-dollar market by 2030 as demand for risk transfer in the carbon credit supply chain grows, Harry Curtis looks at the risks involved and the first movers in the nascent market.
FCA re-opens commercial lines rules consultation
The Financial Conduct Authority has “partially re-opened” its consultation about overhauling rules for commercial lines and bespoke insurance, in a bid to get more data from providers and brokers.
Big Interview: Paul Brand, Convex
Paul Brand, group CEO of Convex, sits down with Harry Curtis to discuss the insurer and reinsurer’s plans to hit and surpass $5bn GWP, the difficulties of technology adoption, and why he thinks current market conditions are “brittle”.
Antares launches UK insurer to tap into MGA market
Antares has launched a UK-based insurer, which will form part of a new retail division focused on business written primarily through established managing general agents.
Portion of buildings underinsured falls to six-year low
The percentage of UK buildings that are underinsured has fallen to its lowest level for at least six years, but remains “unacceptably high”, according to data from valuations provider Rebuild Cost Assessment.
Diary of an Insurer: Aviva’s Twinkle Popat
Twinkle Popat, qualified actuary and pricing manager at Aviva, works on the integration of Probitas into the business, helps run the 'Ministry of Fun' and makes sure diversity, equity and inclusion remain on the provider's agenda.
CrowdStrike event focuses minds on cyber ‘grey rhinos’
July’s CrowdStrike outage has trained the attention of companies buying cyber insurance and the industry itself on the spectre of systemic, high-impact events with potentially catastrophic consequences.
Seven takeaways for the insurance industry from Labour’s Budget
Chancellor of the Exchequer Rachel Reeves delivered the hotly anticipated first Budget of the new Labour government on Wednesday afternoon. Insurance Post picks out the most eye-catching points for the insurance industry.
How insurers are helping the life science sector
Personalised medicines, weight loss injections, plus people bypassing doctors to access the latest miracle drug online are examined in the latest Insurance Post Podcast.
Allianz sees off theatre group's appeal in BI dispute
The Ambassador Theatre Group has lost its appeal against its insurer Allianz over Covid-related business interruption cover.
Ferma vice-president reports lack of ‘concrete action’ to aid net zero transition
Two years on from the Federation of European Risk Management Associations calling out insurers for not doing enough to support clients transitioning to net zero, the body’s vice president has said there has been a lack of concrete improvement.
Diary of an Insurer: Allianz Trade’s Vikshay Vijai
Vikshay Vijai, fraud insurance manager for UK & Ireland at Allianz Trade, has a busy pipeline, leads a broker workshop and can’t believe we’re mentioning Christmas already.
LMA calls for underwriter training to address ‘silent’ transition
The Lloyd’s Market Association has recommended that underwriters go through transition training to understand client’s transition pathways and avoid “silent” transition risks.
Axa XL extends cyber cover to internal GenAI risks
Axa XL has extended its cyber insurance coverage to emerging generative artificial intelligence risks, but risks associated with popular GenAI chatbots such as ChatGPT and Microsoft Copilot remain out of scope.
Ecclesiastical’s Coleman on why great insurer service starts with culture
View from the Top: Richard Coleman, managing director of Ecclesiastical UK, explains why insurers should be putting more focus on service as part of their business strategy.
Big Interview: Georges de Macedo, Covéa
Georges de Macedo, CEO of Covéa Insurance, reveals how he is pushing the UK arm of French mutual insurance giant back to profitability and why the provider won’t work with MGAs again.
Q&A: Belinda Steedman, Aviva
Belinda Steedman, director of multinational at Aviva, shares plans to support more businesses around the world, plus launch a refreshed Captives proposition later this year.