Insurance Age • 12th January 2023

Opinion: Why Direct Line's disastrous profit warning should matter to brokers

Direct Line's profit warning sent shockwaves through UK insurer's share price yesterday, with Aviva and Admiral also suffering. Personal lines brokers should notice the problems Direct Line faces, as they are industry-wide and give insight into what to expect in 2023. It’s back to square one for Direct Line Group. Ten years ago, the group floated at 200p per share. After yesterday’s disastrous profit warning, the share price has fallen below the initial public offering level, and is currently tr

Insurance Age • 8th December 2022

News analysis: Why are brokers offshoring to South Africa?

Complete Cover recently became the latest personal lines broker to offshore some of its operations to South Africa. Saxon East explores the attraction for intermediaries in outsourcing to a country over 6000 miles away from the UK

These are tough times for personal lines brokers.

First came the Covid-pandemic, knocking sales as motorists went into lockdown.

Then the Financial Conduct Authority hit them with a demand for fair value on products, with lucrative premium finance set to take a big

27th June 2022

Interview: Guidewire – The tiny start-up that conquered the world

Marcus Ryu reveals how a bright idea while working as a young eager-eyed consultant led to the creation of one of the world's most successful insurtechs.

Photo by Suzy Hazelwood on Pexels

Insurance Age • 1st February 2023

News: Gove vows commission-chain ban as FCA buildings review on highest charging brokers imminent

This article is usually available exclusively to subscribers.

For a limited period, you can enjoy all the benefits of an online subscription free for 14 days. Sign up now to read this article in full and to enjoy unlimited access to premium online content, a digital edition of the latest issue, plus an online archive of back issues.

Also, as a registered user, you will be able to -
• Access unlimited breaking industry news as it happens
• Sign up to a choice of daily and weekly newsletters

Photo by fauxels on Pexels

Eurobase • 1st February 2023

Blog: How the right system can springboard an MGU to success

Insurance Times explores market movements in home insurance following the FCA’s pricing reform and escalating claims inflation pressures

4th July 2022

Blog: Rules for tech implementation success

New systems come with risks and pitfalls, but by following these simple rules, you can make a success of any implementation.

28th June 2022

Opinion: Can we trust parametric insurance?

Parametric is capturing the imagination of insurance firms. However, risks lurk as the insurance class grows rapidly.

27th June 2022

Blog: How Tech Can Drive Growth for Emerging Market Reinsurers

Artificial intelligence, automation, lightweight cloud systems – insurance technology is at the dawn of an exciting new era. With most investment and innovation to date having traditionally taken place in advanced economies, emerging market reinsurers can now take advantage.

Even amid the challenges of the pandemic, ongoing conflicts, energy-price volatility and high inflation, the outlook is very positive for emerging market reinsurers who, excluding China, enjoy world-leading forecasts for pr

16th May 2022

Opinion: The good, bad and ugly - what I discovered at Biba 2022

Wow, that was good. To finally be back rubbing shoulders with your brethren at another Biba. Yes, the conference is as old as the houses – but we love it, and how we’ve missed it.

So after a frenetic two days of networking, here’s my quick highlights – warts and all.

The good – The FCA is finally waking up and talking to brokers. Good to see FCA consumer and customer chief Sheldon Mills on stage. What might worry brokers is his tone. The regulator has commissions clearly in its sights. Commiss