Financial
News
Thousands of Admiral staff to receive share bonuses worth up to £3,600
’I would like to thank Admiral colleagues for their ongoing commitment,’ says chair
News
Admiral celebrates ‘remarkable’ 2024 with 90% uptick in group profit before tax
The personal lines insurer generated £4.78bn in insurance revenue last year, alongside a 19% growth in UK insurance customers
News Analysis
Insurer gender pay gap reports flag senior staff imbalance and part-time job problem
Median gender pay gaps across the UK’s largest insurers are higher than the national average – but how are these firms seeking to improve pay parity?
News
Home premiums drop for third consecutive month
’The continued decline in home insurance premiums is a welcome relief for policyholders after a period of sustained inflation,’ says product manager
News
Winslow’s Aviva statement as DLG delivers £395m increase in ongoing operating profit
’The turnround strategy, launched in July, has made a marked difference to the company’s performance,’ says chief executive
News
Catch up on insurers’ 2024 full-year financial results
Insurance Times rounds up all of the coverage around insurers’ full-year financial results for 2024, published in Q1 2025
IT Interview
Jason Storah: Aviva ‘ruthlessly consistent’ and ‘ruthlessly boring’ in delivering service promises
UK general insurance chief executive defined the insurer’s 2024 growth journey as ‘appropriate, consistent and disciplined’
News
Open GI secures sales of £61.7m in latest financial year
’We look forward to continuing to innovate to support brokers and partners,’ says chief executive
News
Allianz UK increases revenue to £4.66bn in 2024
’Through improved technical expertise and pricing capabilities, we traded successfully in challenging markets,’ says chief executive
News
Axa reveals UK and Ireland personal lines growth slowed in 2024
The insurer says it saw the UK and Ireland personal lines market soften
News
Hiscox UK posts ICWP of $864m for 2024
’The group has delivered another set of excellent results and a second consecutive year of record profits,’ says chief executive
News
Aviva issues DLG update as it reveals UK&I GI premiums up 16%
Amanda Blanc says deal ’is a clear opportunity to accelerate our capital-light growth and deliver brilliant service to millions more customers’
News
Polaris reveals £449m in GWP traded through imarket in 2024
’Our technology suite is in a strong position and our latest results show how widespread the usage of our technology remains within the industry,’ says managing director
IT Interview
Gareth Hemming: Hiscox carrying ‘positive momentum’ on broker sentiment into 2025
’We’re clear on where we want to go in terms of strategy and growth, but we’re going to do it in a way that’s informed by broker feedback and input,’ says specialist insurer’s head of distribution
News
Zurich UK boosts profits as P&C COR and GWP improves
’In the last 12 months, we’ve achieved excellent growth across all areas,’ says chief executive
News
Marsh adds new capacity to Fast Track facility
’The addition of the new capacity is a significant milestone in Fast Track’s evolution,’ says global head of placement
News Analysis
Motor insurance affordability under pressure amid FCA scrutiny
As motor insurance premiums continue to squeeze household budgets, scrutiny from regulators and policymakers is intensifying. But with competing priorities and political setbacks, is real change on the horizon?
News
Motor premiums drop at record pace amid market competition
’The number of brands advertising price cut offers on price comparison websites has hit a new high,’ says insurance insight manager
News
Drone MGA secures capacity for new liability product
’As drones continue to revolutionise everything from agriculture to transportation, it’s clear that this booming sector demands forward-thinking, flexible insurance solutions,’ says managing director
News
UK car thefts down 4.5% in 2024 compared to 2023
’For the first time since the pandemic, the annual DVLA stolen vehicle figures contained some much-needed good news for both the public and the UK motor insurance industry,’ says technical director
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