Personal
PL insurers to face ‘double whammy’ to margins in 2024
A report from Bloomberg Intelligence has warned that the margins of UK insurers such as Admiral and Direct Line face a “double whammy” of claims inflation and regulation in 2024.
Lloyd’s risk tool; Pattern and Giggster partner; Howden’s driving offering
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
APIL argues changes to RTA claims rules will erode justice
Proposals to change the way medical reports are sourced and disclosed in road traffic injury claims would be a “backwards step” for the process, according to the Association of Personal Injury Lawyers.
Labour pledges to tackle car insurance costs
In a speech to the Labour Party conference, Shadow Transport Secretary Louise Haigh promised a Labour government will ensure motorists aren't paying over the odds to insure their vehicles.
Aviva catches out fraudster who claimed videos featured his twin
A Hampshire man seeking compensation from Aviva for alleged injuries claimed videos of him taking part in martial arts training during his recovery period actually showed his twin brother.
Ripe CEO rules out becoming another Markerstudy
Paul Williams, CEO of Ripe, has revealed plans to grow the leisure, lifestyle, and small businesses insurance provider by buying rivals won't result in the insurtech turning into another Markerstudy and going into generalist cover.
Insurers lining up takeover bid for RSA’s PL business
Aviva is among the insurers lining up a bid for RSA’s personal lines business, according to anonymous sources speaking to Reuters.
Essential policy providers accused of price walking practices
Regulatory experts have urged insurers to check whether their pushing of “essential” home and motor policies isn’t replicating the price walking sales practices that have been banned by the Financial Conduct Authority.
Root taps into UK’s embedded insurance fervour
South African distribution platform Root is seeking to establish a “strong foundation” in the UK, following a fresh cash injection from one of its seed funders.
Allianz's Graham Gibson, Aviva, NFU and Zurich among winners at 2023 Claims & Fraud Awards
Allianz chief claims officer Graham Gibson, pictured, won the prestigious Achievement Award at the Insurance Post Claims and Fraud Awards yesterday evening (5 October) at The Brewery.
Motor and home premiums at ‘peak of the pricing cycle’
Figures released by Pearson Ham have revealed that home and motor premiums have further increased in the third quarter, as we reach ‘the peak of the pricing cycle’.
View from the top: Hiscox’s Fiona Mayo on why more technology shouldn’t mean less humanity
Fiona Mayo, Hiscox marketing director, says that increasing automation all too often results in treating humans like numbers.
Regulator monitoring motor insurance premiums
The Financial Conduct Authority is “monitoring” motor insurance prices amid skyrocketing premiums.
Many Pets’ £42m loss highlights issues
Many Pets posted a £42m loss for the year to 31 March 2023, on top of the £31m loss for the year before.
Top 75 MGAs: Ripe
Ripe is making M&A part of its growth strategy, which means the business hopes to feature even higher up on future Insurance Post Top 75 MGAs lists.
Top 75 MGAs: Avantia
Avantia, the investment company behind Homeprotect, a direct-to-consumer brand for home insurance, appears in this year’s Insurance Post Top 75 MGAs list.
Top 75 MGAs: Animal Friends
Animal Friends is a quarter of a century old and one of the UK’s top revenue generating MGAs.
Top 75 MGAs: Policy Expert
Policy Expert’s more than one million UK customers has secured the business a place at the top of this year’s Insurance Post Top 75 MGAs list.
How the Insurance Post Top 75 MGAs List 2023 was produced
Market analyst Insuramore reviewed revenues - defined as fees and commissions earned in relation to UK-based risks from any kind of direct non-life insurance - to produce Insurance Post's Top 75 MGAs List.
Top 75 MGAs: Zego
Zego, the commercial motor insurance provider that offers cover for entire fleets of vehicles to self-employed drivers and riders, generated revenue worthy of inclusion in this year's Insurance Post Top 75 MGAs list.
Top 75 MGAs: Many Group
Many Group, now based in the US, UK, and Sweden, have helped half a million pets stay happy and healthy since 2017 earning it a place in the Top 75 MGAs 2023 list.
Top 75 MGAs: EGV Holdings
EGV Holdings is continually developing a stable of MGAs, earning the business a place in this year’s Top 75 MGAs list.
Top 75 MGAs: Prestige Underwriting
Prestige Underwriting celebrated its 25th year in 2022 and 20% above plan growth helped the business achieve a place in this year’s Top 75 MGAs list.
Top 75 MGAs: Brown & Brown
Brown & Brown's main MGA-MGU activities dealing in UK-based non-life risks in 2022 earning the business a place on the Top 75 MGAs list were Camberford Underwriting, Decus, Mithras Underwriting and Plum Underwriting.