News
Broking break: Your Top Five
Marmalade, the Financial Conduct Authority, Gable and Moneysupermarket.com hit the headlines this week, with new products, regulation updates, return payments and a fine.
InsurTech Futures: Allianz partners with start-up Flock on drone insurance
The first product will be a mobile app for pay-as-you-fly drone insurance.
Quizzical questions: 28 July 2017
Test your knowledge of the week's news with our topical quiz.
Revenues up at Gallagher for H1 2017
Broker's net earnings and adjusted Ebitdac also rose compared to H1 2016.
Brokers still unsure on Flood Re distribution
Biba welcomes the commitment to intermediaries but brokers are unsure how it will work in practice.
Flux steps in on Swinton Norwich closure
Adrian Flux to take over lease of Swinton call centre earmarked for closure in move that could save 146 jobs in the area.
InsurTech Futures: Brolly raises £1m in funding
Start-up broker says seed investment, led by Valar Ventures, Pi Labs and Entrepreneur First, is one of the biggest in the UK InsurTech sector.
Ogden: Brokers and insurers want discount rate of betwen 0 - 1%
Poll suggests two thirds think the rate should settle at between 0 - 1%.
Markel posts improved COR for Q2 2017
However the figures for the first half of 2017 dip slightly from the same period in 2016.
Profits leap for JLT
Half yearly results show profit before tax grew to £99.2m from £55.2m in 2016.
Biba tells brokers not to panic about the senior management regime
Head of compliance and training David Sparkes says brokers who are compliant with current rules won't see many difficult changes.
FCA proposes to extend the senior management regime to more firms
Under the proposals almost all regulated firms, including brokers, will have to comply with the senior management and certification regime.
Marmalade launches new young driver policy
Product covers young drivers when they are driving a family member's car.
InsurTech Futures: CDL set to launch chatbot solution
New offering to help brokers interact with customers through digital channels.
InsurTech Futures: Biba launches claims app
Trade body teams up with Insure Apps on new InsurTech offering with aim to reduce claims reporting time and costs.
#Insagepeople: 24 - 30 July 2017
Keep up to date with the latest people moves.
Moneysupermarket.com fined £80,000 by Information Commissioner’s Office
The aggregator sent 7.1m emails to customers who had opted out of receiving marketing correspondence via the web.
InsurTech Futures: Simply Business hosts blockchain hackathon
Winning team developed weather insurance platform for organisers of major outdoor events.
FCA publishes IDD plans
Regulator continues its consultation on how to implement the Insurance Distribution Directive.
Financial Surety launches travel facility
Products include cover for airline failure, supplier failure and terrorism.
Gable policyholders receive £8.3m return payments
The FSCS has given 28,000 return of premium payments to former policyholders of Gable Insurance.
Broker Network posts rise in revenue after "extraordinary year"
CEO Andy Fairchild outlines the network’s strategy and talks about acquisition plans and the growth of independent brokers.
Flood Re targets broker distribution
The organisation said in its annual report that “more work needs to be done to improve access to Flood Re backed policies through insurance brokers”.
InsurTech Futures: Brokers urged not to sit on the side-lines
Experts say there is already potential for significant disruption by InsurTech in the personal lines market.