Discount rate
Biba reveals ‘Managing Risk – Delivering Stability’ theme for 2023 manifesto
The British Insurance Brokers’ Association has set out its agenda for 2023 with the launch of its manifesto titled ‘Managing Risk – Delivering Stability’ containing 37 commitments and 32 calls to action.
ERS says Ogden drove up COR in 2019
Profit and GWP improved at the motor provider.
Hastings posts profit drop after "challenging" 2019
CFO John Worth said results were driven by elevated claims as the business reports rising GWP in every division except van.
Van insurance premiums rising faster than the rate of inflation
Research by Consumer Intelligence shows the average van premium has risen by 37.4% since April 2014.
ABI reiterates call for government to slash IPT
Trade body's data shows motor insurance premiums rose again in the last quarter of 2019 with increases in IPT and changes to the discount rate driving up prices.
Motor premiums may ‘reach the highest on record’
Willis Towers Watson and Confused warn of future increases as they publish data for Q4 2019.
Christmas Q&A with Tim Ryan and David Williams
Tim Ryan, executive chairman at Ryan's, discusses the trends of 2019 and David Williams, MD of underwriting and technical services at Axa, outlines what the industry can expect in 2020.
Christmas Q&A with Michael Lawrence and Simon Mabb
Michael Lawrence, broker distribution and underwriting director at LV, considers the headlines of 2019 and Simon Mabb, group managing director at Romero Insurance Brokers, predicts those of 2020.
Christmas Q&A with Sarah Mallaby and Peter Blanc
Sarah Mallaby, director of broker markets at Allianz, reviews 2019 and Peter Blanc, group CEO at Aston Lark, looks ahead to 2020.
Christmas Q&A with David Martin and Ashwin Mistry
David Martin, head of retail management at Zurich UK, looks back at 2019 and Ashwin Mistry, chairman at Brokerbility, looks forward to 2020.
2019 in review: July's top stories
In July, the market was shocked by the departure of Amanda Blanc from Zurich after only nine months in the CEO EMEA role.
Results dip for Allianz amid claims inflation and Ogden losses
CEO Jon Dye said the business is "still in good shape" despite the slip in performance.
Revenue falls at Hastings amid rising claims inflation
Firm said it would apply price increases to keep its full-year loss ratio within target.
Car insurance premiums dip in Q3
Research by Willis Towers Watson and Confused.com also shows continuing fluctuations in average premiums.
Disappointment as Scottish discount rate to remain at -0.75%
Lawyers warn that the lower rate in Scotland can cause delays and lead to higher costs for Scottish taxpayers after the rate in England and Wales was changed to -0.25% in July.
Brightside losses flat at £10m in 2018
CEO Brendan McCafferty says business is set to invest as it reports growth in adjusted Ebitda, broking revenue and GWP.
Latest Ogden rate change will cost the industry over £160m
Insurers have revealed the impact from the change in the discount rate to -0.25%.
Quizzical Questions: 16 August 2019
Test your knowledge of the week's news with our topical quiz.
QBE expects Ogden hit of $62m
Provider reveals a flat GWP and an improved COR of 94.3% in its international division, which includes the UK, for the first half of 2019.
Aviva pledges no market exits
CEO of general insurance Colm Holmes says life and GI split is going "smoothly" and discusses premium drop in "choppy" personal lines market as MD of intermediaries Phil Bayles pledges that Aviva will not exit any business lines.
Zurich's UK GI COR improves to 85.6%
The COR improved more than 9% points as UK CEO Tulsi Naidu expects to see growth stabilise going forward from efficiencies rolling through to the results.