Willis Towers Watson
WTW seeks to provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of employees serving 140 countries and markets, it aims to help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Hear from WTW, Gallagher, Movo, Brokerbility and Applied at the next Broker Breakfast session
The next Insurance Age Broker Breakfast will take place on Wednesday 14 June in Bristol.
Starting up a broker can cost as little as £50,000 – WTW networks
Willis Towers Watson Networks believes brokers can start up for as little as £50,000.
UK car insurance premiums see biggest annual rise in over a decade
Car insurance premiums increased by £107 (20%) during the past 12 months, with motorists now on average paying £657, according to research from Confused and WTW.
Brokers need to get on the front foot and mirror fee increases of lawyers and accountants
Brokers should follow the lead of other professional services and not be sheepish when it comes to putting up client fees to reflect the value they add.
Miller CEO targets growth at ‘greater pace’ as revenues top £200m
Lloyd’s broker Miller has marked its second anniversary as an independent broker with revenues breaking through £200m, it announced today.
WTW achieves 3% organic broking growth in 2022
WTW has reported 3% organic growth in risk and broking revenues for 2022 boosted by a 5% rise in the final quarter of the year.
Fitch warns of ‘dire’ profitability for insurers in ‘bleak’ picture
The outlook for UK home and motor insurers’ profitability “remains pretty dire for 2023”, according to Federico Faccio, senior director of EMEA insurance at Fitch Ratings.
People Moves: 30 January – 3 February 2023
Stay up to date with the latest recruitment news in the insurance industry.
Car premiums surge 19% in 2022
Comprehensive car insurance premiums increased sharply by 19% during the last 12 months, with UK motorists now paying £629 on average, according to the latest Car Insurance Price Index.
Industry gears up for 2022 Insurance Day of Giving
Insurance United Against Dementia is preparing for the latest Insurance Day of Giving with several firms already committed to raising money for the Alzheimer’s Society.
WTW, Liberty and Markel team up on complex specialty risks digital trading platform
WTW has staked its claim for a “step-change” in digital trading as it unveiled a collaboration with Liberty Specialty Markets and Markel launching the pilot phase of a commercial insurance platform.
Biggest annual rise in five years as car premiums jump 14%
Average comprehensive car insurance premiums reached £586 in the third quarter, up 14% since Q3 2021 and by 6% in the last three months alone, according to research by Confused and WTW.
Car damage inflation cooling off - Jefferies
Jefferies’ UK motor insurance tracker has revealed that car damage inflation has dropped and is now at 7% year-on-year as the group maintained its forecast of a combined operating ratio of 116% for the market in 2022.
Analysis: Insurance dives deeper into returners talent pool
With an increasing number of insurance companies offering returners programmes Emmanuel Kenning looks into the benefits for all concerned as experts encourage even more firms to access this relatively untapped source of talent
Registration opens for 2022 Dive In festival
Diversity initiative Dive In has opened registration for its 2022 festival as it calls on the insurance industry to build braver cultures.
Car insurance premiums up 6% in the last 12 months
The cost of comprehensive car insurance rose by £32 in the last 12 months, according to research by Confused and WTW.
WTW warns of accelerating motor claims inflation
WTW has warned UK motor claims inflation is expected to accelerate in 2022 after pandemic disruption caused a slowdown in the average time taken to settle claims which acted as a temporary break on rises.
People Moves: 6 - 10 June 2022
Keep up-to-date with the latest job changes in insurance.
Allianz agrees to sell majority stake in Russian operations
Allianz has agreed to sell a majority stake in its Russian operations to Interholding, the owner of Russian insurer Zetta insurance.
Insurance ban on Russian oil ships - report
The UK and EU have teamed up to ban the insurance of ships carrying Russian oil, the Financial Times has reported.
Analysis: Network knowledge is key to opening the door to new start-ups
The network sector is in upbeat mood confident of growing with existing and new members as well as being keen to help new start-ups come into the insurance market, the leaders tell Emmanuel Kenning
Car insurance prices up 4% in Q1
A 4% rise in average comprehensive car insurance premiums in the first quarter of the year has pushed the annual rate to a 2% increase, according to research by Confused and WTW.
People Moves: 28 March - 1 April 2022
Keep up-to-date with the top personnel stories on Insurance Age.
WTW follows Aon and Marsh McLennan and withdraws from Russia
Ownership of Russian businesses will be transferred to local management as broker expresses dismay at the conflict.