Dec 23, 2024 · After reviewing the top 50 brokers data for 2024, MarshBerry selects its best performers over the last 12 months

Dec 11, 2024 · Personal lines prowess . When it comes to personal lines insurance specifically, Ageas has retained its crown from 2023 as it once again came out on top after returning to underwriting profitability in 2023 with a COR of 92.7%.

Jan 30, 2025 · Many of us within the UKGI market will have commented on what we expect 2025 to bring – however, I do feel it is far too easy for sector professionals to forget how privileged we all are to be working in insurance. Although the industry adage around most of us seemingly falling into insurance jobs ...

Nov 7, 2024 · While it is welcome that the government has gone some way towards meeting its promise to investigate the high cost of motor cover, its new taskforce – established in October 2024 – must not allow insurers to mark their own homework. It is therefore positive that the process is being led by officials, not by the usual industry insiders.

Dec 19, 2024 · Katie Scott joined Insurance Times in October 2019 as the publication’s associate editor. She was promoted to editor in February 2021 and has worked passionately to build and promote the title for its readership in the UK general insurance market.

Mar 20, 2024 · Toby Clegg, chief executive, Clegg Gifford. The key for me is that the number of original insurance companies is decreasing. The authorisation process for new insurers is extremely onerous, so entrepreneurial underwriters can only realistically focus on the MGA arena.

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 ...

Published yesterday (21 November 2024), figures showed that the average premium dropped from £803 in January to £776 in September. And the data also showed that costs fell by an average of £33 across all UK regions in the second and third quarters of this year.

Jan 30, 2025 · This type of claims inflation is defined as the increased severity of insurance claims beyond those caused by purely economic drivers. Instead, social inflation is driven by a number of factors, including societal trends, changing behavioural norms, the greater use of the legal system and a rapid growth in settlement awards.

Jan 1, 2025 · For example, Lloyd’s of London chief executive John Neal will very likely hope that those tasked with delivering the various parts of the marketplace’s Blueprint Two digital transformation programme will hit the mark this year after 2024 headlines focused on missed deadlines and delayed implementation.. The London market has been littered with failed efforts to deliver new technology over ...