hard market
Swiss Re predicts motor insurance’s return to profitability
As general insurers have been absorbers – rather than multipliers – of market woes in 2023, Swiss Re is predicting premium and profitability growth for the industry over the next couple of years.
In conversation: Biba’s White and Trudgill on broker leasehold commissions
After Levelling Up Secretary Michael Gove said he was “outraged” at the findings of an FCA report into broker remuneration surrounding leaseholders in multi-occupancy buildings, British Insurance Brokers' Association chief executive Steve White and…
How to build a successful MGA
Analysis: Emma Ann Hughes explores what it takes in the current economic climate to stand out from the crowd and secure funding for a managing general agent.
View from the top: WTW’s Edward Castles on why the hard market may almost be over
Edward Castles, managing director at WTW, examines the forces driving a return to soft market conditions and increasing rate reductions.
BIA 2022 Award Winners Video: Broker Partner of the Year Arch Insurance’s Mike Bottle
Following its success in being crowned Broker Partner of the Year at the British Insurance Awards content director Jonathan Swift caught up with Arch Insurance senior vice president strategy and distribution Mike Bottle at the end of 2022.
Review of the Year 2022: Brokers
Senior insurance broker figures look back on 2022 and reflect on what 2023 might bring.
Review of the Year 2022: MGAs
Senior figures from insurance MGAs look back on 2022 and reflect on what 2023 might bring.
Review of the Year 2022: Insurers
Senior figures from the insurance market look back on 2022 and reflect on what 2023 might bring.
How equine insurers are still going the distance to manage horse-racing risks
David Worsfold explores how equine insurers rose to the challenge of managing horse-racing risks in the midst of the Covid-19 pandemic, and are now handling today's hardening market
Bruce Carnegie-Brown: Brokers need to adapt to the digitalisation of the marketplace and spend time adding value
Brokers who are “embracing technology change will be hugely advantaged” in a changing industry which needs to adapt to make the market more efficient by “spending more of time on the value-added piece of the advice activities”.
The top 30 European Insurers 2022: A return to growth
Europe’s 30 largest non-life insurers returned to growth in 2021 and – although high inflation, supply chain disruptions and surging energy prices should translate into premium growth – Mathilde Jakobsen of AM Best explains that profitability is expected…
Cool industry reception for regulatory interventions to solve dearth of cover
The Federation of Small Businesses has called on the Financial Conduct Authority to act in response to a survey it conducted that found that many businesses are finding it difficult to find insurance.
FSB calls on insurance industry to tackle widespread confusion over what commercial policies cover
The Federation of Small Businesses has called on the insurance industry to improve the clarity of policy wordings after it found that 30% of small businesses and the self employed have difficulties understanding what their insurance covers.
Blog: Insurers and brokers must work together to meet clients’ expectations
Julie Rayson-Flynn, director at Brokerbility, considers how declining insurance performance are impacting on the reputation of smaller brokers and their customers, as they cope with hard market conditions and unknown territory.
Brokers 'remarkably resilient' in a challenging market as more growth predicted
Brokers are continuing to “rise to the challenge” of difficult market conditions and mergers will continue unabated experts believe.
Intelligence: Insurers must brace now for the oncoming inflation storm
Inflation is front of mind for the general public – and that is no different for the insurance market. David Worsfold investigates how prepared the sector is for inflation rises and how they can make sure customers see insurance as a must-have instead of…
War and inflation to drive biggest commercial insurance shake-up since 9/11, says Mactavish's Carslaw
The commercial insurance market is heading for its biggest shake up in 20 years due to the knock-on effects of the war in Ukraine, inflation and other factors, Mactavish managing director Heidi Carslaw has said.
Disagreements over runoff cover set to push up PI premiums for property and probate lawyers
The Council for Licensed Conveyancers’ decision to maintain integrated runoff cover as part of its professional indemnity insurance requirements for the firms it regulates will push up premiums, brokers have told Post.
Editor's comment: We'll meet again
As this issue lands our thoughts will be turning to the British Insurance Brokers’ Association Conference and its return to a face-to-face event in its traditional home of Manchester.
Interview - Colm Holmes, Allianz Holdings
Allianz Holdings CEO Colm Holmes caught up with Stephanie Denton after his first 100 days in the role to explain why the next three years will be all about growth for the UK insurer.
Be cautious, optimistic and make up for lost time, advises RSA's Ken Norgrove
The UK insurance sector is facing some key headwinds in the current economic climate, but, as Ken Norgrove, CEO of RSA Insurance explains, it also has a lot to be proud of.
Trade Voice: Airmic's Julia Graham on how captives can help organisations to manage risk in uncertain times
As the turbulence in the world increases and throws up new – and different – risks, now is the time for captives to undergo a renaissance, argues Airmic CEO Julia Graham.
Q&A: Nic Brown, Markel UK
At the start of 2022, Nic Brown took up the post of divisional director for Markel's UK broker channel. He speaks to Post about what Markel is hearing from brokers, and the insurer's strategy to continue driving the growth it has seen in recent years.
Briefing: How Brown & Brown’s UK ‘marathon’ finally crossed the line with $2bn GRP deal
With the acquisition of GRP, Brown & Brown has finally made a dent on the consciousness of the UK insurance sector. Post content director Jonathan Swift reflects on how refusing to join the UK M&A 'sprint' of the last decade has paid off for the US…