SME
Axa aims to challenge mid-market status quo with sector-specific proposition
Axa has signalled its intent to secure a much larger share of mid-market risks in 10 key trade sectors with the introduction of a tailored broker proposition.
Blog: SME insurers need to simplify and accelerate claims handling
Small and medium-sized businesses play a vital role in the UK economy. Figures from the Department for Business, Innovation and Skills show that more than 99% of private sector businesses are SMEs.
Less than 6% of SMEs have cyber insurance, says ABI Research
Global research firm ABI Research has found that less than 20% of large companies and less than 6% of SMEs have cyber insurance within the global insurance market.
SME Hubs: Let's get together
With so much economic focus on London, SME directors are championing the idea of a business hub away from the capital. But how would it work?
Trade Voice: Anyone for a game of pinball?
Going to work in an insurance brokerage can sometimes feel like a trip to the amusement arcades.
Axa completes SME broker offering revamp with leadership team hires
Axa has appointed seven people to lead its online SME trading hub for brokers.
D&O: 3 in 4 SMEs uncovered
It was once said that Stephen Hawking's 1988 book, ‘A Brief History of Time', was one of the most widely owned but least read works in print - something people wanted to show off on their bookshelf but could not face the effort required to digest the…
Willis recruits from AIA and JLT in Asia
Willis has appointed David Chan as Asia head of affinity and SMEs, and Cedric Luah as Asia head of human capital and benefits.
Acturis grows by over 20% for third consecutive year
Acturis posted a 25% increase in revenues to £36.9m for the year to September 2014.
Biba research finds SMEs not outsourcing insurance tasks to brokers
Research carried out for the British Insurance Brokers' Association has revealed that a significant number of leaders of small and medium-sized enterprises perform a lot of tasks outside their job descriptions, instead of outsourcing these to insurance…
Asia C-Suite: Insuring the Alibabas of tomorrow
Prioritising flexible cover for SMEs in Asia-Pacific will help drive economic growth and innovation in the region argues Zurich's Stuart Spencer.
AIG sells Taiwan personal lines and SME book for $158m
AIG has decided to focus on large commercial risks in Taiwan after agreeing to sell its personal lines and SME book to Nan Shan Life for $158m (£102m).
Analysis: Asia's high growth markets
Insurers see high growth potential in several large countries across Asia but caution is needed. Nicky Burridge explains.
Marsh bolsters SME capability with purchase of Leeds broker
Marsh has reached a definitive agreement to acquire Leeds-based independent broker SME Insurance Services.
Mid-market 'forgotten' in industry claims processes
A mismatch between the relatively low rates paid by SMEs and their complex insurance needs has been identified as a key driver for the high levels of claims dissatisfaction reported by smaller businesses.
Two thirds of SMEs unaware of D&O cover, Allianz survey finds
Allianz has jointly launched a white paper outlining the risks faced by company directors after a survey by the insurer found that two thirds of SME leaders are not aware of what directors & officers insurance is.
Allianz extends commercial offering via Applied Systems
Allianz has expanded its suite of commercial lines products available through software provider Applied Systems’ Applied TAM technology to include the insurer’s property owners, tradesman, and shop and office products.
Drones: Up, up and away
The rise in drone use shows no sign of slowing down, both on a personal and commercial level. Insurers can utilise the technology to improve efficiency and tap into a new area of insurance.
Birmingham top choice for SME hub, Axa report states
Nine out of 10 SME directors claim the creation of an SME hub outside of London would be “beneficial” to the UK economy, according to an Axa report.
Biba 2015: Lorega Solutions launches broker business continuity offering
Loss recovery insurer Lorega Solutions has partnered with Basinger Consultants to produce a business continuity service for the broker market which will be launched at the 2015 British Insurance Brokers' Association conference this week.
Jelf plots commercial acquisitions in mid-market boost
Jelf is looking for acquisition opportunities in the commercial market alongside plans to grow the insurance division's mid-market presence, according to group CEO Alex Alway.
Head to head: Is it inevitable that SME will go automated?
This year’s Biba conference has the theme ‘Delivering our promise’. With that in mind, Post asked some leading industry figures to go head-to-head on SMEs.
Davies forges claims handling deal with MGA Imperium
Managing general agent Imperium Insurance Management has appointed Davies Group to handle its property and liability claims as well as providing loss adjusting and supply chain services.
Chase Templeton snaps up SME broker Get Private
Private medical insurance specialist Chase Templeton has boosted its presence in the SME sector with the acquisition of London-based intermediary Get Private.