Year: 2023

InsureTech

Modern Life Teams Up With Pacific Life on Digital

11 January 2023 alastair walker 0

Some news from the US market; Modern Life, a tech-enabled life insurance brokerage has announced its latest distribution partnership with Pacific Life Insurance Company. The partnership combines Pacific Life’s competitive suite of life insurance products […]

Insurance Regulation

FCA Wants Insurance Brands to Ease Cost of Living Stress

11 January 2023 alastair walker 0

The latest update from the FCA; The FCA is proposing to update guidance, introduced during the Covid-19 pandemic, to support insurance customers in financial difficulty. As part of the FCA’s ongoing work to help protect […]

News

Allianz Commercial Reports 11% Rise in Fraud

11 January 2023 alastair walker 0

Allianz Commercial has detected £70.7m worth of insurance fraud in 2022, up from the £63.6m in 2021. This amounts to a £7.1m or 11.2% uptick. Property and casualty (P&C) saw the greatest increase in fraud savings against the […]

Global insurance trends

24/7 Knowledge Base For Aerospace Sector

11 January 2023 alastair walker 0

WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, today launched a customised online platform for the aerospace sector which enables access to WTW expertise across the globe on a 24/7 basis. The […]

Insurance Regulation

Flood Risk: Defra Wants New Thinking on SUDS Rules

11 January 2023 alastair walker 0

Defra has set out new regs on housebuilding which will require developers to make fewer connections to mains sewers and drainage systems. In theory this should lead to reducing the localised flood risk during times […]

Insurance Brokers

FCA Consumer Duty: Vague Aims & Poor Wording Will Cause Confusion

11 January 2023 alastair walker 0

Is the new FCA Consumer Duty worded in a way which makes it difficult for brokers to predict their customers’ future, or true aims? Three in five brokers admit they don’t understand how the FCA’s […]