9/4/2024 3:41:32 PM Direct Line chief says ‘more to do’ to rebuild motor insurer’s profits By Mike Daly Direct Line has reported weaker than expected first-half profits, as one of the UK’s biggest motor insurers takes steps to repair a...
10/31/2023 11:19:55 AM UK home insurance prices set to jump after dire year for underwriters and claims By Mike Daly ‘Swings in weather, high inflation, and strained supply chains all combined to drive up home insurers’ losses last year. The sector...
12/16/2022 12:20:35 PM Are reinsurers finally facing a reckoning? By Mike Daly " As the year’s big renewal event looms on January 1, property catastrophe reinsurance rates could rise not by the low double digits, but...
7/25/2022 9:38:55 AM Tower chief claims officer lifts the lid on repair network review By Mike Daly A refreshingly different viewpoint and focus on vehicle claims- addressing the needs, motivations and challenges of the body and repair...
5/4/2022 3:02:03 PM Direct Line cools new business over claims inflation concerns By Mike Daly Direct Line suffered a fall in revenue in the first quarter as it cut back marketing efforts in its core motor and home insurance...
12/16/2021 5:16:08 PM UK motor claims inflation soars amid costly cyclist accidents By Mike Daly According to the latest claims benchmarking data from Willis Towers Watson (WTW), published this week, the average motor claim now stands...
6/9/2021 3:03:30 PM UK motor insurers expected to make losses in 2021 and 2022 By Mike Daly With premiums forecast to drop 6% in 2021 and cost inflation continuing its inexorable rise outlook is unprofitable. "While the UK motor...
1/28/2020 1:47:57 PM Saga joins Hastings in revealing claims inflation challenge By Mike Daly Need for technology solutions that allow insurers to both reduce costs and increase customer satisfaction at the same time more important...
1/17/2020 11:57:44 AM Another Insurer warns on profits amid rising claims costs By Mike Daly Like it or not, cost of motor claims are rising as a result of more expensive repairs of increasingly complex autos and rising amounts...
11/13/2019 12:40:50 PM Ageas chief executive warns of unsustainable premium prices By Mike Daly Claims cost inflation has been front of mind for many insurers recently from Allianz to Zurich. It lead McKinsey to publish"The...