Product
Broker Week 2022: Evolving insurance business models
The industry’s business models are changing fast due to the relentless march of technology, new market routes, and modern distribution methods. But how can brokers keep ahead of the curve to keep current business models from becoming obsolete? Tim…
Amazon partners with Ageas, LV and Co-op on home insurance launch
Amazon has moved into the UK home and contents insurance market with the launch of Amazon Insurance Store and promised more is yet to come.
Broker PI expert Inperio extends capacity deal with Accredited until 2027
Accredited Insurance (Europe), the wholly owned subsidiary of R&Q Insurance Holdings, has signed a long-term extension with professional indemnity specialist managing general agent Inperio (London).
Biba vows to fight for brokers in FCA meeting on fair value assessments
The British Insurance Brokers' Association has vowed to fight for brokers in a key meeting with the Financial Conduct Authority over fair value assessments.
Zurich to open offices in Bristol and Southampton
Zurich is set to open an office in Bristol this year and aims to open in Southampton next year, Insurance Age can reveal.
News analysis: Would a merged FCA/PRA make brokers’ lives any easier?
Team Truss have financial regulation in their sights… but just how far could they go? It’s mooted there are plans to create a single super regulator by merging the Financial Conduct Authority, the Prudential Regulatory Authority and the Payment Systems…
Products: October 2022
Product launches including cover for electric vehicles, carbon credit insurance, the media and entertainment sector and private clients.
Beazley teams up with fintech provider to expand broker schemes
Beazley plans to expand its schemes business with brokers using a fintech platform.
UK Broker Awards 2022: Young Broker of the Year
George Abbott has gone from a telematics broker with no insurance experience to an integral member of a start-up that has grown to £10m of gross written premium since its 2015 formation
UK Broker Awards 2022: Schemes Broker of the year
Marsh Commercial’s schemes business hit double-digit growth last year after a huge effort to put becoming a trusted adviser at the heart of its culture. The company set out to relentlessly focus on clients and continuously develop its team and technology…
UK Broker Awards 2022: Personal Lines Broker of the Year
In AllClear’s own words, travel wasn’t the best place to be in 2021. But the business swiftly adapted to the unique challenges of the pandemic and emerged with an incredible high triple-figure year-on-year increase in gross written premiums
UK Broker Awards 2022: Broker Support Partner of the Year
Last year SchemeServe achieved its goal of becoming a complete end-to-end software provider for scheme brokers – a significant milestone in its more than 20-year history. An insurance platform “all about solving problems”, its offering includes product…
Aviva strikes £100m-per-year capacity deal with Pen Underwriting
Pen Underwriting has announced a new multi-year strategic partnership with Aviva in support of its personal lines and property owners’ business, which will see Aviva providing capacity for over £100m in premium per annum.
Commercial Express rolls out PL excess of loss cover
Commercial Express has launched public and product liability excess of loss cover aimed at SMEs with turnover of less than £15m, and separately revealed a new partnership with Brit.
Ex First Central UK CEO Andy James launches motor provider Zixty
Andy James, previously UK CEO at First Central, has launched app-based motor insurance provider Zixty.
Aviva backs Lemonade in UK launch
US insurtech Lemonade has launched in the UK with a contents insurance offering in partnership with Aviva.
NBS Underwriting targets the third sector with combined package product launch
NBS Underwriting has rolled out its combined package product, Community Enterprise, and revealed a capacity deal with Axa on non-standard household policies.
Stark shortfall in fair value assessment requests from insurers
In a compliance webinar hosted by Kenneth Underhill, director of Implement Compliance Solutions and Resources, 76% of approximately 120 participating co-manufacturers and distributors said they had not received a fair value assessment from their…
MGA Spring Insure enters the commercial PI market with McManus hire
Spring Insure, the specialist financial and professional lines managing general agent, has appointed Paula McManus as senior professional indemnity underwriter effective 3 October 2022, Insurance Age can reveal.
Aviva launches standalone cover for electric vehicle charging points
Aviva has launched standalone insurance products covering electric vehicle charging points aimed at installers and operators.
Interview: Chris Wallace, executive director, UK, QBE Insurance
Chris Wallace, executive director, UK, QBE Insurance, speaks to Siân Barton about his career to date, a love for all things Latino and Liverpudlian and his plans for the future
Howden claims "world-first" with voluntary carbon credit insurance launch
Howden has launched a voluntary carbon credit insurance product designed to give buyers and sellers of high-quality, verified carbon credits greater certainty.
Markel launches media and entertainment product
Markel International has unveiled a new media and entertainment policy designed as a cross-class liability product.
Coalition’s broker-only cyber offering goes live
San Francisco-headquartered cyber insurance provider Coalition has begun trading in the UK.