Insurance Post Podcast

​ Reflecting on the regulatory action and economic climate that shaped the sector in 2023, Sarah Ouarbya, financial services consulting partner at Mazars, said the Consumer Duty had forced insurers to review their product book, do a bit of spring cleaning and axe some policies. Ouarbya added that the Consumer Duty, plus the cost-of-living crisis, had also resulted in innovation when it comes to si...

​ In the latest  Insurance Post Podcast , Patel said AI was already being used by insurers for risk assessment, data analysis, automatic population of firms, predictive modelling, product design and some personalisation of cover. She said: “At Aurora, we are one of the first lead algorithmic underwriters in the SME space. "Where we are different from others is we algorithmically underwrite th...

​In the latest  Insurance Post Podcast , Sicsic, managing partner of Sicsic Advisory, said embedded insurance has been around for a long time with travel and white good, but technology has widened the range of types of cover that can be sold in this way. However, he flagged that, with this type of cover, checks need to be made so consumers understand what they have purchased. Sicsic said: “Do...

​ Speaking during the latest  Insurance Post Podcast , Grant said this autumn we will see the Stonegate and various eateries appeals looking at aggregation, the increased cost of working and furlough. Grant said: “I think furlough is the really big one here. It is the one with big financial implications, but, equally, it is a Marsh resilience wording. Will that translate across to policyholde...

​ Kajal Vakas, senior vertical manager for claims for the UK & Ireland at LexisNexis Risk Solutions, said her organisation took 150,000 of an insurer’s first party records and ran a check on email addresses to look for past links to fraud. Vakas said that 1% of those records had a high-risk score, which showed they had been seen as being fraudulent when it came to previous claims. Fraud indica...

​ In the latest  Insurance Post Podcast , Carey said the watchdog was on the prowl for “many different reasons” including the Consumer Duty requirements relating to fair value that were introduced earlier this year. She said: “The pet insurance market is unique in that customers generally don’t shop around. They don’t switch products. When they get a pet, they are recommended very few insuran...

In the second of two specially recorded podcasts to mark the ninth Dive In festival, Aviva’s Jonny Briggs and the ABI’s Liisa Antola share what insurers can do to achieve inclusive innovation. Hosted on Acast. See acast.com/privacy for more information.

Specialist Risk Group’s Clare Lebecq and Davies Academy’s Carolyn Blunt talk about what their businesses are doing to create a culture of inclusive innovation. Hosted on Acast. See acast.com/privacy for more information.

​ In the latest episode of the  Insurance Post  Podcast, titled  Challenges and opportunities facing electric vehicle insurers , Distefano said entering the UK insurance industry makes sense for Tesla given the volume of driving data the manufacturer has access to. Distefano said: “Tesla is dominating the UK market. What I am more interested in is how the [insurance] industry will r...

In the latest episode of the  Insurance Post  Podcast, titled ‘Multi-occupancy buildings insurance after Grenfell’, Laura Hughes, general insurance policy manager at the Association of British Insurers, said through the risk-sharing scheme the industry is playing its part in making tower blocks safer and cheaper to insure. Hughes added: “One of the real problems we have seen with some of...

In the latest episode of the  Insurance Post  Podcast, titled  What is driving M&A activity in insurance , Blanc said there were demographic challenges regarding men leaving businesses in their late 50s and early 60s who are struggling to figure out how to exit the market. He added that there were also businesses, which were struggling to grow, that were seeking buyers: “Th...

​ In the latest episode of the  Insurance Post  Podcast, titled  Raising the bar for cyber cover , Ridley said that while the insurance industry is very good at looking back at what has happened historically and then adjusting based on that, there is “a risk of over-reliance on that in cyber”. He said cyber is an area that is far more dynamic and changes far more readily than any ot...

​ Andy Bord, chief executive of Flood Re, said while insurers are good at assessing risks to a property, the industry needs to do more at examining mitigation, the financial benefit of steps taken to reduce water damage, and whether home insurance premiums should be reduced as a result. Speaking during the latest podcast, Bord said: “Particularly when we talk about flood, and some of the property...

​ During the podcast, Emma Ann Hughes, editor of  Insurance Post,  and Jonathan Swift, content director of Infopro Digital's insurance division, share the key characteristics of today’s Power List players, before giving Radio 1 DJs a run for their money by delivering the top 10 countdown. Does this year’s Power List show that women are rapidly rising through the ranks of the industry? Wh...

During the podcast, titled What regulators have in store for insurers and brokers , Sicsic said given the spat between the government and Prudential Regulation Authority on the risk of ditching the EU’s Solvency II capital requirements, he wouldn’t expect a massive overhaul of the rules. Hosted on Acast. See acast.com/privacy for more information.

Speaking to Izabela Chmielewska, commercial editor of  Insurance Post , the automotive director at Lexis Nexis Risk Solutions UK and Ireland notes that given claims inflation, sophisticated and detailed data could offer insurers a competitive advantage. Hosted on Acast. See acast.com/privacy for more information.

​ During the  Insurance Post  podcast, Nicola Dryden, chief client officer for global loss adjusters Sedgwick, Seb Chakraborty, chief technology officer at Domestic & General, Tim Hardcastle, chief executive of Instanda,   and André Symes, chief executive of Genasys, explain how technology can be used to improve insurance policyholder’s experience of engaging with the industry....

​During the latest  Insurance Post Podcast,  Ben Howarth, chief sustainability officer of the Association of British Insurers, said: “You can’t make the right decisions for a really diverse society without having a diverse make up of views. "If you have a small, narrow group of people, they might think they have got the answer right, and they are having interesting conversations in their...

​ In the latest episode of the  Insurance Post  Podcast, titled  Lessons the insurance industry learnt from Covid-19 ,  Mervyn Skeet, interim director of general insurance policy at the Association of British Insurers, said the industry was focused on the clarity of policies moving forward from the Covid-19 pandemic. Skeet said: “That is what the industry is about. Learning fro...

In the latest episode of the  Insurance Post  Podcast, titled  How to achieve a successful merger , Graham Smart, chief commercial officer of global claims services provider McLarens, and Howard Lickens, executive chairman of the Clear Group, share tips on how to find a buyer and achieve a smooth acquisition. Sharing their experience of mergers and acquisition activity in the broker...

This is according to Stefan Elks, head of retail claims operations at Axa, who, during the latest  Insurance Post Podcast,  shared the motor insurance policy purchase and claims trends the insurer is already seeing as a result of double-digit inflation. During the podcast, which is titled  How the cost-of-living crisis is impacting motor insurance , Elks said Axa's telematics propos...

In the latest episode of the Insurance Post Podcast , titled Are insurers ready for the FCA’s Consumer Duty? , David Sparkes, head of compliance of the British Insurance Brokers’ Association, Sarah Ouarbya, partner at Mazars, and Mathew Rutter, DAC Beachcroft’s insurance advisory partner, explore whether the industry is prepared for the new rules coming into force. The Consumer Duty requires insur...

Ellie Arch (Allianz Global Corporate Specialty), Alasdair Bain (Aviva Insurance) and Rebecca Wonnacott (Admiral Group) discuss a range of topics, including supply chain shortages from parts to labour, courtesy car costs, the rise in automated technology and electric vehicles. They are also joined in the studio by Sandip Sidhu, legal director, Kennedys and go onto the streets of London to canvas op...

Bazzil Boyce (North P&I), Alan DaBreo (HDI Global Specialty) and Safa Saeed (Zurich Insurance UK) discuss a range of topics, including care costs – covering living arrangements and labour availability, technological advancements, early intervention and rehabilitation. They are also joined in the studio by Ben Appleton, legal director at Kennedys, and go onto the streets of London to canvas pub...

In the latest episode of the Insurance Post Podcast , titled Super-charging take-up of cyber insurance , Ridley, head of cyber at Aviva, said the market is already doing the right things to increase the amount of people taking this cover but “we need to double down on that.” He said: “The amount of training material and literature we have put out to customers is really good but how can we make mor...