Matt Scott

Insurance Times • 23rd July 2020

WPS launches ‘telematics for cyber insurance’

The Cyban App allows insurers to base a premium on the actual risk facing a company’s network, removing any reliance on outdated questionnaires WPS Analytics has launched a new cyber insurance rating tool that it has likened to telematics for cyber insurance.

Insurance Times • 20th July 2020

New aggregator app aims to cut broker admin costs

YourBlock will allow consumers to access all their different financial products from one platform, without the need for all their personal information to be shared with the insurer.

Insurance Times • 17th July 2020

Why de-mutualisation is bad for consumers, and how it will affect the UKGI market

With LV= revealing it was considering the sale of its remaining life and pensions businesses, Insurance Times takes a look at the implications of wider de-mutualisation for policyholders, and what it means for the future of insurance

Insurance Times • 16th July 2020

Gefion liquidators revealed after unrated insurer's licence revoked

Liquidators have been appointed for unrated Danish insurer Gefion after the Danish Financial Services Authority (DFSA) confirmed the insurer had entered into liquidation on 13 July 2020.

Insurance Times • 16th July 2020

Motor premiums fall, but Covid-19 claims uncertainty remains

Pricing for the new normal that will emerge post-coronavirus will be difficult for insurers to navigate, says Willis Towers Watson

Insurance Times • 16th July 2020

Briefing: How the AXA revolution has set the insurer up for long-term success

Disposing of a large portion of its life and pensions business has proved a smart move for the French insurer, and by putting more focus on its pure underwriting businesses, AXA will be hoping it can set itself apart from other large composite insurers in the market

Insurance Times • 9th July 2020

Covid-19 has polarised consumers on data sharing

Insurers will be challenged with how they respond to the polarising impact of the coronavirus pandemic, and they must not fall into the trap of excluding a large swathe of vulnerable customers from their books of business

Insurance Times • 9th July 2020

Briefing: How coronavirus has changed the personal lines playbook

Denied business interruption claims has been the big story in insurance over the last few weeks, but personal lines insurers cannot rest on their laurels when it comes to the changes facing the market as a result of Covid-19

Insurance Times • 8th July 2020

Great businesses have greater value – Mistry defends broker consolidation

Brokerbility’s executive chairman Ashwin Mistry says that good businesses will always invest for the future, and that they should be rewarded for that in the valuation of their business when it is put up for sale

Insurance Times • 8th July 2020

Parametric insurance could be the solution to Covid-19 insurance gap

A new product in development by startup insurtech Machine Cover is using parametric insurance to help plug the gaps in cover that have been exposed by the Covid-19 pandemic.

Insurance Times • 6th July 2020

A look back at the career of new Aviva CEO Amanda Blanc

As Amanda Blanc takes over from the departing Maurice Tulloch, Insurance Times takes a look back at an insurance career that spans more than 30 years

Insurance Times • 3rd July 2020

Briefing: The sorry (but unsurprising) tale of Gefion’s collapse

Solvency and liquidity issues have dogged the unrated Danish insurer for years, but brokers will be hoping that early regulatory intervention will have saved them a lot of pain as the insurer’s collapse continues to unfold

Insurance Times • 2nd July 2020

The top 5 insurer collapses

Following the news that unrated Danish insurer Gefion has gone into liquidation after its licence was revoked, Insurance Times takes a look at five of the biggest insurance disaster stories of the last 20 years

Insurance Times • 29th June 2020

Covid-19 lockdown saves motor insurers £1.3bn

New research from Safe found that claims have fallen by 69% during the lockdown period UK motor insurers have saved a total of £1.3bn as a result of reduced claims during the lockdown, according to new research from Safe. The comparison site found that claims across the UK had dropped by 69% during the lockdown imposed by the government to fight the Covid-19 outbreak, meaning that insurers have paid out £569m in claims, compared to the normal expected payout of £1.9bn. London experienced the

Insurance Times • 25th June 2020

Briefing: Could brokers be next in-line for the Covid-19 BI scandal?

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Insurance Times • 24th June 2020

Ardonagh downgraded following £2bn refinancing deal

But rating agency Fitch says it expects the broking group to continue to improve its EBITDA margin amidst the potential for increased cost savings as a result of its latest round of acquisitions, as well as a return to ’healthy’ free cash flow

Insurance Times • 22nd June 2020

Covid-19 hits Saga’s travel insurance sales but motor and home retention improves

The business has also sold 533,000 three-year fixed-price policies, with more than 60% of direct new business customers choosing this product

Insurance Times • 22nd June 2020

UK personal lines market set for significant shrinkage following Covid-19

And the GlobalData research predicts it will take until 2022 for the market to recover lost GWP

Insurance Times • 19th June 2020

Briefing: Is this the beginning the end of the mutual?

With LV= contemplating the sale of its remaining life and pensions business, and the Markerstudy acquisition of the Co-op insurance business awaiting regulatory approval, the future of mutual insurance appears to be under threat

Insurance Times • 18th June 2020

Covid-19 uncertainty could have 'significant impact' on some insurers’ capital positions, says PRA

Despite this, the regulator said that as a whole the industry remains “robust” to the downside risks of Covid-19 The PRA’s latest stress test of the UK insurance industry has found that some insurers could be exposed to “significant” risks from the uncertainty surrounding the Covid-19 crisis. In a letter to insurance CEOs, the PRA’s executive directors responsible for insurance, Charlotte Gerken and Anna Sweeney, said that “the sector was in aggregate resilient, but the level of uncertainty is