Risk management
Video Q&A: Chubb climate tech practice leader Tim Charters
A recent convert to the sector, Tim Charters, climate tech industry practice leader, UK and Ireland at Chubb, caught up with Insurance Age content director Jonathan Swift to discuss his new role.
Opinion: SLAPP legislation changes and the insurance industry
Judges in the UK have been given powers to dismiss lawsuits, labelled by the UK government as intended to curtail the freedom of speech of journalists, at an early stage. Joe Wornham, senior technical underwriter – media liability at CNA Hardy, analyses…
Brokers should push for 12-month BI indemnity periods to be extended
The 12-month indemnity period in business interruption insurance cover should be consigned to history and replaced with a minimum 18- to 24-month one as standard.
The stats: Q1 2023: Onwards and upwards – commercial rates continue to rise
Insurance rates increased year-on-year by 4.5% in the first quarter of 2023 with property being the key driver according to research from Acturis. Rachel Gordon digs into the data.
Broking success: Retaining independence and recruiting fresh talent
Richard Ingleby, managing director of Castlemead Insurance Brokers, highlights the importance of independent intermediaries and the need for more younger employees to infiltrate the sector.
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.
Interview: Paul Tasker, Reg Technologies
Paul Tasker spent his entire career working in broking, until he moved five years ago to insurtech Reg Technologies. Enjoying life in his new role, he talks about risks facing insurance firms and how Reg can help.
Zurich partners with brokers on digital risk management system
Zurich UK has launched a digital risk management system to give firms real-time visibility of the risks they face, Insurance Age can reveal.
National Cyber Security Centre urges businesses not to pay ransomware demands
The CEO of the National Cyber Security Centre, Lindy Cameron, has urged businesses not to pay cyber criminals’ ransom and to instead set up reliable defence systems.
LexisNexis Risk Solutions becomes Biba associate
LexisNexis Risk Solutions has become the 43rd associate of the British Insurance Brokers’ Association.
Education and client conversations key to reducing underinsurance in the HNW space
The high-net-worth sector is playing catch up in making sure clients are not underinsured as a result of the Covid-19 pandemic pause on site visits – and policyholders are having building work done on their properties and possessions accruing more value.
Clear Group buys first international broker with MBC deal
Clear Group has acquired Irish commercial broker McAuliffe Barry & Collins Ltd (trading as MBC Insurance and Techinsure.ie), its first deal outside the UK, Insurance Age can reveal.
Cowbell enters UK cyber market targeting SME brokers
US cyber specialist Cowbell has entered the UK market with plans to sell its products exclusively through brokers.
Zurich UK launches climate change resilience services
Following the launch of Zurich’s Global Climate Change Resilience Services, Zurich UK is making the full range of services available to its domestic customers and it will also be available through brokers.
In depth: How to reduce underinsurance through effective risk management
Underinsurance continues to be a massive problem. Martin Friel looks at how risk management could help brokers combat this growing trend with benefits for all.
In depth: Why resilience is key to an holistic risk management solution
While overseeing risk continues to be part of the insurance conversation, Martin Friel discovers there is a greater understanding that protecting a business is less about focusing on particular incidents – and more about its resiliency as a whole.
Brokers upbeat on growth but underinsurance concerns persist – Aviva research
Brokers are markedly more optimistic on growth, with 76% expecting their business to expand in 2023, up from 43% that had a positive outlook in 2022, according to Aviva.
In depth: Are SMEs behind the times with cyber insurance?
Despite the majority of SMEs not holding any cyber insurance, these attacks are increasing. And despite their size, Martin Friel finds that many smaller businesses are more at risk than larger companies.
Alan Boswell buys ARW Wealth Managers
Norwich-headquartered Alan Boswell Group has boosted its financial services offering buying ARW Wealth Managers.
Gallagher ends 2022 with its highest quarter of UK organic growth
Gallagher has posted organic growth in the UK of 17% for the final quarter of 2022.
Biba flags concern on businesses cutting cyber cover
Some 40% of members involved in research by the British Insurance Brokers' Association told the trade body they had clients who were no longer insuring their cyber risks due to the cost of living crisis.
Cost-of-living crisis to place additional regulatory focus on market
DAC Beachcroft has published its predictions for 2023, which touches on the impending implementation of the Consumer Duty and what the Financial Conduct Authority will expect of the insurance industry during the cost-of-living crisis.
RSA adds to CIO leadership team
RSA Insurance has appointed two new women to its CIO leadership team with Sally Ng as specialty and commercial delivery director, and Katie Hermans as head of technology risk management.
Sutton Group profit and turnover soar in run-up to Acrisure sale
Sutton Group has reported ‘best ever’ figures as turnover and profit leapt by 15% and 50% respectively ahead of being snapped up by Acrisure.