Technology
RSA declares UK first with cloud solution for claims
RSA has launched an enhanced broker and customer claims portal, asserting it was the first UK insurer to implement the Guidewire cloud solution.
Cyber outage insured losses estimated at up to $1.5bn
CyberCube has estimated preliminary global insured losses for the standalone cyber insurance market from the CrowdStrike IT outage last week at between $400m (£310m) and $1.5bn (£1.16bn).
Acturis continues personal lines push with Covéa
Acturis has partnered with Covéa to make the insurer’s Home IHP product available on its platform, adding to the previously rolled out motor offering.
UK Broker Awards 2024 shortlist announced
Today Insurance Age can reveal the shortlist for the 2024 UK Broker Awards.
Techspertise
The international ARAG Group has high ambitions for our future growth following the acquisition of DAS UK, and one of the most exciting prospects is the investment in technology that has been planned, to help us achieve those goals.
Astorg takes majority stake in Acturis
European private equity firm Astorg has boosted its investment in Acturis to over the 50% threshold.
Four steps to better broker/underwriter workflows
Whether you’re a broker trying to develop a rapport with customers or an underwriter trying to assess and determine acceptable risk, a shared understanding of each side's priorities and pain points is key.
Acturis maintains growth streak with 19% revenue expansion
Acturis has posted a £22.75m rise in revenue for 2023 to £144.1m, its 22nd consecutive year of growth.
CDL grows revenue but profit drops for second year in a row
CDL grew revenue by 6.9% to £59.54m in the year ended 30 September 2023, however profit after tax dropped for the second consecutive year to £10.01m.
C-Quence seeks to “unleash” digital tools and target schemes after Sompo tie-up
C-Quence is looking to “unleash the breadth” of its digital capabilities and target more schemes business having switched capacity provider for its property and casualty and property owners propositions.
The importance of equipment breakdown insurance in an unpredictable world
Today’s machinery and equipment is more high-tech and specialised than ever, but it can also be more unpredictable. As machinery has evolved, so too have the risks.
Interview: Sabre CEO Geoff Carter
Sabre boss Geoff Carter tells Insurance Age about the upsides for brokers from its IHP rollout, growing in motorbikes after the collapse of MCE and profitable expansion plans in taxi.
Sabre boss Geoff Carter on supporting brokers to compete in an ever more competitive world
Motor specialist Sabre is making “big investments” in insurer hosted pricing with a rollout this year and into 2025 to deploy sophisticated rates into the broker market, CEO Geoff Carter told Insurance Age.
CGI leader Andy Jones on transforming the market and the data standards vision
Creating a data standard is “the real utopia vision”, Andy Jones, director for consulting services in insurance at CGI in the UK, told Insurance Age.
Driving efficiency, automation and competitiveness at scale in commercial lines insurance
Insurance Post in association with Insurants recently hosted a roundtable discussion where insurers and brokers discussed a number of pertinent and pressing questions relating to the use of automation and AI at scale in commercial lines insurance.
Markel UK targets 20% growth a year – Sykes
Jo Sykes, divisional director for the UK broker channel at Markel, told Insurance Age the specialist insurer has growth ambitions of around 20% a year from a UK perspective.
Reminder – The 2024 UK Broker Awards deadline is 7 June
With a deadline of 7 June you have just over a week left to get your entries in for the 2024 UK Broker Awards.
Biba 2024: Aviva’s Rebecca Gambrell on evolving the digital future
Aviva is listening to brokers’ feedback on what they want to etrade and responding appropriately, according to SME portfolio director Rebecca Gambrell.
Broker Insights unveils new CEO as founder Edmond becomes president
Data analysis specialist Broker Insights has changed its leadership team, in a move it hopes will help accelerate UK growth and expansion in the US.
Biba 2024: Zurich seeks to take SME service learnings into mid-market space
Zurich’s Harriet Conway, head of retail customer proposition, and Morgan Lyons head of mid-market told Insurance Age the insurer is targeting its teams “heavily” in terms of response times to brokers.
In-Depth: Staying ahead of cyber risk
Produced by Insurance Age and Aviva, this In-Depth series explores the latest trends across the rapidly changing cyber threat landscape, the impact on UK businesses, and how brokers can support client firms in tackling this key risk.
MGA launches SME and mid-market e-trade platform
Specialist mid-market and SME managing general agent Generation Underwriting has launched a digital e-trade platform.
Arch goes live on Applied
Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.
Biba Conference 2024 countdown: Ignite Insurance Systems’ Toby MacLachlan
In conference week Toby MacLachlan, managing director at Ignite Insurance Systems promises sock, socks and more socks, advises not booking too many meetings and is looking forward to a good night’s sleep.