Insurance Age - April 2023
Articles in this issue
Editor’s letter: Marking the FCA’s muted 10th birthday
However, perhaps they were so optimistic about them being successful they were confident that the date would ultimately never come back to haunt them in the shape of unpleasant headIf the government and law makers of the time could go back to 2013, they…
Headline makers – April 2023
The key stories from the past month all in one place.
Is the MGA motor market braced for casualties amid a perfect storm?
Motor MGAs are suffering as they battle high claims inflation and tougher reinsurance conditions. With more players expected to exit standard motor, Saxon East asks if there is any way the market can navigate this tough terrain?
Brokers face ‘fair value’ dilemma on premium finance amid interest rate rises
Brokers are faced with a dilemma as interest rates rise. The Financial Conduct Authority’s demand for them to offer ‘fair value’ products is at the forefront of their minds when they decide how to deal with the customer. Saxon East reports.
Opinion: Now is the time to demonstrate the value of insurance
With the recent raft of insurance results, the personal lines sector is very much under the spotlight. Mike Crane, LV Broker managing director and L&G General Insurance CEO, offers some thoughts on how to navigate 2023 and beyond.
The FCA: 10 years on has it been a success, failure – or somewhere in between?
On 1 April 2013 insurance brokers faced a new regulatory dawn as the baton passed from the Financial Services Authority to the Financial Conduct Authority. Insurance Age canvassed opinion throughout the market to find out views on how the first decade…
In Depth: High net worth – is prestige motor starting to lose its appeal?
Despite Covéa's recent withdrawal from the executive motor space, Martin Friel discovers there is still interest in insuring HNW wheels.
In Depth: High net worth – are MGAs wrestling market share away from insurers?
Ever a competitive market, the high-net-worth sector continues to attract interest from both insurers and MGAs. Martin Friel asks if both models can co-exist, or if one is better suited to servicing these clients than the other.
Meet the MGA: Loadsure
After two decades in the London market Johnny McCord decided the time was right to set up his own business. The Loadsure CEO and founder explains how a light bulb moment led him reinventing cargo insurance as a ‘true’ insurtech.
Broking Success: Spotting a gap in the market
James Noble, CEO of My First, details how he started the broker because he noticed a gap in the motor market for first time drivers who needed guidance when searching for the right cover.
Products: April 2023
This month’s products highlights focus on cyber protection, IP cover for start-ups and SMEs, classic cars and a package offering for multinational businesses.
Market Moves: April 2023
All the latest key personnel moves across the insurance market.
Back Page: April 2023
And finally ... Insurance Age wishes Macbeth a happy 30th birthday, and Global Risk Partners announces it has renewed its partnership with Somerset County Cricket Club.
