All News articles – Page 3
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84% of leaders concerned about world outlook – World Economic Forum
Around 84% of global experts and leaders are worried or concerned about the outlook for the world, according to research by independent international organisation the World Economic Forum (WEF).
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International Underwriting Association reveals 2022 business plan
The International Underwriting Association (IUA) has published its business plan for 2022, setting out clear focuses around climate risk, business interruption, regulatory changes and pandemic responses.
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Climate crisis is ‘biggest long-term threat facing humanity’
Worries around climate change and the associated risks dominate global concerns, according to the latest report by international non-governmental and lobbying organisation the World Economic Forum (WEF).
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D&O rates in the UK ‘are not out of the woods yet’ – Gallagher
Despite supply challenges surrounding D&O insurance, increased awareness of ESG factors could encourage more entrants to this market, reports broker
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CII’s Society of Insurance Broking to focus on attracting fresh talent to sector in 2022
Kevin Hancock, SIB’s chair and Yutree Insurance’s managing director, said: “We must do more to make insurance a more accessible degree course and to increase the availability and awareness of insurance apprenticeships, which are both excellent routes into our profession.
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Tractable chosen as US-based insurtech’s AI partner
US insurtech Root Insurance has chosen artificial intelligence (AI) company Tractable to help it streamline and develop its claims operations.
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Swiss Re appoints new Group Chief Digital & Technology Officer
Swiss Re announced today the appointment of Pravina Ladva as Group Chief Digital & Technology Officer and member of the Group Executive Committee, effective 1 January 2022. Group Chief Operating Officer Anette Bronder will leave the company, and Group Operations will be reorganised.
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Specialist Risk Group launches new MGA
Specialist Risk Group (SRG) has today (14 December 2021) launched a new MGA, MX Underwriting, fulfilling “a major goal” within SRG’s growth plans.
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Insurance industry warned ‘Great Resignation’ will test management’s mettle
Brokers and underwriters are locked in a battle to retain and recruit new talent as the insurance industry braces for what has been termed the ‘Great Resignation’.
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Cryptocurrency holds innovation opportunity for insurance industry
Having access to the right insurance product is critical to the “safe and healthy growth” of cryptocurrency - therefore, bridging the gap between financial innovators and the insurance industry is crucial.
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Surging M&A leads to record claim notifications - Howden
Surging mergers and acquisitions (M&A) across the globe has led to a rise in claim notifications, according to broking organisation Howden.
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Luisa Barile: Bought By Many set to rival Lemonade as it takes on US market and pet health
The insurtech is now live in 28 states in the US and aims to become a nationwide provider for pet insurance and wellness
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Renewal rules require brokers to re-examine proposition and go ‘back to the future’
The motor market is ‘a perfect storm’ ahead of the FCA’s pricing rules coming into effect – brokers will need to focus on ‘agility’ and ‘be service-related’ if they are to succeed post-January
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Middle East oil giant backs Ardonagh in multibillion valuation
Middle East oil giant Abu Dhabi Investment Authority (ADIA) has backed Ardonagh with fresh investment, giving the firm an enterprise value of $7.5bn (£5.6bn)
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Aon appoints UK chief broking officer for commercial risk from WTW
Broker and professional services firm Aon has appointed former Willis Towers Watson (WTW) staffer Angela James in the newly created role of chief broking officer for commercial risk in the UK, effective from June 2022.
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Allianz Global Corporate and Specialty appoints chief underwriting officer for corporate
Allianz Global Corporate and Specialty SE (AGCS), part of the Allianz Group, has appointed Shanil Williams as its new chief underwriting officer for corporate, effective from 1 January 2022 and subject to regulatory approval.
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Lloyd’s to get tough on culture in 2022 amid warning to managing agents
Lloyd’s of London said it will clamp down on syndicates and managing agents that are not delivering on diversity and inclusion (D&I).
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Insurers and brokers have a key role to play helping SMEs in 2022 – RSA
Rob Flynn, UK SME director at RSA Insurance, highlights the key roles insurers and brokers have in supporting small businesses in 2022
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Insurers set to become ‘lifestyle partners’ for customers in 2022 - Capgemini
Agility and the ability to collaborate will be key to creating successful insurers of the future, according to a new report by technology firm Capgemini, published this month (December 2021).
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APAC faces heightened geopolitical risk
The Asia Pacific region will probably be the most geopolitically charged region going into 2022, warns Dragonfly