Underinsurance
How premium finance can support every insurance broker conversation
For many businesses, the insurance conversation has evolved from finding the right cover, at the right level for the right price to include a discussion about how to pay for it. That is something brokers should be considering – especially given the state of the UK economy, argues Owen Thomas, chief sales officer at Premium Credit.
UK Broker Awards 2026 shortlist revealed
Today Insurance Age can reveal the shortlist for the 2026 UK Broker Awards.
SME underinsurance fears deepen
SMEs are increasingly worried about being underinsured as they cut back or cancel business insurance policies, but in a positive development, nearly one in three firms have started working with a broker in the past two years, and are starting to boost…
Aviva builds out in contractors combined with digital launch
Aviva has launched a digitally traded contractors combined proposition, starting on Acturis with Fast Trade to follow, claiming it is plugging a gap in an underserved part of the market.
Aviva doubling down for customers, says Martin
Aviva is committed to pushing on with an “absolute focus on customer” and will continue “doubling down”, David Martin, managing director for UK commercial and chief distribution officer, told Insurance Age as he teased a “major new proposition” pencilled…
Allianz Commercial CDO Ktenidis targets e-trade growth in Northern Ireland and sub-£10,000 risks
Allianz UK Commercial is seeking to grab its share of a £2bn opportunity by converting manually traded sub-£10,000 premium risks to digital.
Biba 2026 Countdown: QuestGates’ Dave Clare
Dave Clare, operations director - building consultancy division of QuestGates, highlights the importance of getting the fundamentals right and raises the possibility of doing a turn singing My Way dressed as a calculator.
Broking Success: Tip top service – Mathew Rowles, Malago Insurance Brokers
Following its 10-year anniversary, Malago Insurance Brokers’ founder Mathew Rowles has highlighted the importance of tip top service and being a “proper local broker” servicing all commercial lines needs.
Soft market a ‘critical opportunity’ for brokers to tackle underinsurance
Brokers are increasingly seeing their role as pivotal in fixing underinsurance, with 87% agreeing they should proactively address it, up from 80% last year, according to Aviva.
Markel boss Mooney warns SMEs are 'consciously' choosing to underinsure
Experts have called on greater education around renewals and the true value of insurance as underinsurance has started to become a conscious decision for SMEs.
Aviva enhances mid-market motor trade and property owners
Aviva has made enhancements to its regionally traded mid-market motor trade and property owners products.
More than a third of SMEs cut cover – Premium Credit
Around one in four SMEs are believed to have been underinsured for the past 12 months, according to research by Premium Credit.
End of Year Review 2025: Crawford & Co’s Glenn Thornton
Glenn Thornton, head of major and complex loss at Crawford & Company, says farewell to two insurance icons in ‘Royal’ and ‘Sun Alliance’; hails the youngest deputy president CILA has ever had in Marsh’s Melissa Cunningham; and predicts AI driven dynamic…
Fuzzy’s Bilney targets ‘brave’ £10m GWP goal and launching a training school
Liz Bilney, CEO of Fuzzy, has set a “brave” target of £10m gross written premium, and outlined plans to continue staff development by creating an in-house training school.
Allianz hails mini-fleet progress as NCD conversion returns to Acturis
Allianz will be rolling out mini-fleet through Bravo Digital Trader next year, Insurance Age can reveal, following on from reinstalling an NCD conversion service on Acturis via imarket business this month.
HNW brokers risk relationships turning “transactional” due to workloads
Many high net worth brokers are failing to engage with clients as much as they should because they are over-stretched, lack confidence and time poor, creating relationships that are merely transactional.
Brokers warned HNW clients more likely to walk than ever if demands not met
The concept of “one size fits all is all but dead” in the private client market, according to Matthew Perkin, trading director, high net worth, art and collections at Hiscox.
Social media and underinsurance the main challenges facing HNW clients – TL Dallas’ Pullich
Caroline Pullich, head of private clients at TL Dallas, looks to relaunch its high net worth branding and work with the commercial team, as she cites underinsurance and social media as the biggest challenges facing HNW clients.
Aviva’s Martin on utilising data to prevent underinsurance and free up broker’s time
A host of new technology developments are “coming down the track” at Aviva that will enable the insurer to utilise data better to spot opportunities, prevent underinsurance and free up broker’s time, according to David Martin, MD for UK commercial lines…
Aviva to double automatic business interruption indemnity period to 24 months
Aviva is set to double its automatic business interruption indemnity period to 24 months, in what it claims is a UK market first to tackle underinsurance, Insurance Age can reveal.
UK Broker Awards winners 2025: Lickens, AllClear, Everywhen and Insuretec.com among those crowned
AllClear scooped the Broker of the Year award, and Clear Group executive chairman Howard Lickens won the Achievement Award, at the UK Broker Awards last night in Birmingham.