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FCA dual pricing rules drive biggest monthly premium jump in eight years, says Consumer Intelligence
Average premiums for home insurance rose 9.1% in January while motor was up 4.9%, according to the specialists.
Brokers praise insurer response to storms claims
Storms Dudley, Eunice, and Franklin could cost UK insurers more than £400m in claims, according to Moodys.
People Moves: 21-25 February 2022
Keep up to the date with the latest industry moves in the insurance space.
Analysis: How do brokers feel about a four-day week?
Industry experts highlighted the benefits and challenges of a four-day week in the insurance space.
Pikl reveals £100m GWP ambition
CEO Louise Birritteri told Insurance Age that the company was also preparing to expand into the shared mobility space this summer.
Axa UK & Ireland P&C revenue rises as COR improves in 2021
The provider’s revenue in the region increased overall in the past 12 months as commercial grew but personal lines shrank.
Ageas investing in digital to win with brokers, says Middle
The provider has teamed up with EIS, Amazon Web Services and Willis Towers Watson on a range of initiatives.
MGA evolution can support broker independence, says Pro Global’s Danny Maleary
MGA leader assesses opportunities for brokers, changes in capital providers backing risks, market consolidation and the sector’s expansion.
Profits up at Ageas UK but income and COR slip in 2021
Insurer saw growth in home business but motor gross written premium fell to £676.5m.
Industry pulls together to mitigate flood risk
The British Insurance Brokers’ Association, the Association of British Insurers, and Flood Re have launched a Flood Insurance Directory to help customers access flood cover.
ABI pledges to double apprenticeships by 2025
The organisation has committed to offering 2,500 apprenticeships over the next three years and increasing inclusivity across the sector.
MGA Lares launches unoccupied property product
The product is available to brokers via the Go-Insur digital insurance platform.
M&A activity not 'sustainable', says IMAS founder Laughton-Scott
Prices are forecast to remain "pretty firm" this year.
M&A deals hit £6bn in 2021
The latest annual review published by IMAS explains the "M&A frenzy" and warns of challenges ahead.
Allianz focused on growth in 2022, says Holmes
Insurer posted a 9.4% rise in operating profit to £318m for 2021 but recorded a 3.2% fall in gross written premium to £3.8bn.
Allianz posts improved operating profit for 2021 but GWP slips
The provider reported a 3.2% decrease in GWP to £3.8bn.
Biba unveils 2022 conference agenda
The trade association revealed that delegates will hear from the FCA's executive director Sheldon Mills about the regulator's agenda, and the event will also feature broadcaster Andrew Marr plus Olympians Laura and Jason Kenny.
Partners& adds to employee benefits proposition with buy and partnership
Partners& has bought Direct Healthline and partnered with Advo Group to boost its wellbeing and benefits business.
Axa buys Ageas commercial business renewal rights for £47.5m
Around 100 Ageas employees will move to Axa as part of the deal.
ThingCo expands into Northern Ireland with broker deal
The telematics provider has sealed a deal with independent broker association Provincewide.
Analysis: Balancing risk and opportunity in the metaverse
Insurance Age spoke to industry experts to find out how the metaverse is changing the risk landscape and what opportunities it offers brokers and insurers alike.
Zurich UK reports £470m operating profit
The provider reported that the UK business grew 13% in its P&C division.
What are the best digital tools for brokers?
Join our webinar, with Open GI, to find out about the latest digital trends and how brokers can use them to boost customer experience.
And finally – February 2022
The lighter side of the broking world including, the cartoon, pet of the month and the industry's charity endeavours.