Product Hub: Major commercial combined
Welcome to Insurance Age’s Major commercial combined Product Hub. This page hosts all of our major commercial combined product news and insight to help the market keep abreast of latest developments and to boost their business development strategies.
Product overview: Major commercial combined
Exclusive research from Insurance Age places NMU first, with Covéa Insurance and CFC Underwriting in close contention, Rachel Gordon reports..
Find out moreBroker satisfaction survey
In 2022 Insurance Age has repeated its extensive survey of UK brokers in order to assess the quality of insurer service across the commercial market.
The Commercial Broker Satisfaction Survey covers five keys areas of service and accessed more than 9,600 data points (35% more than 2021), making it one of the biggest surveys of the UK broker community.
The areas of service brokers were asked to grade insurers on were:
1. New business: Efficiency in providing quotes
2. Quality of underwriting, communication and access to decision-makers
3. Policy documentation: Usability & clarity
4. Cover: Scope & quality
5. Renewals: Efficiency & fairness
The results are exclusively available to Insurance Age subscribers.
Rankings: Commercial lines
Bronze: CFC Underwriting
Silver: Covea
Gold: NMU
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Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Apollo partners with Moonrock on drone facility
Apollo will be providing capacity to Moonrock Drone Insurance for a facility designed to provide cover for larger commercial drone operations.
Aviva grows GWP but COR worsens
Aviva has reported a slip in its UK combined operating ratio from 94.2% to 95%.
Axa Commercial makes three broker facing appointments
Axa Commercial has made three additions to its senior team with two of the people coming from Allianz and Aviva respectively.
County Group buys North Wales broker
GRP’s County Group has acquired broker Business Insurance Specialist for an undisclosed sum.
TL Dallas to expand into Cumbria
TL Dallas, which has 11 UK offices, is expanding into Cumbria with Lynne Taylor and Emma Irving to head up the new office.
Zurich to open offices in Bristol and Southampton
Zurich is set to open an office in Bristol this year and aims to open in Southampton next year, Insurance Age can reveal.
Products: October 2022
Product launches including cover for electric vehicles, carbon credit insurance, the media and entertainment sector and private clients.
The stats: Q2 2022 - Pricey premiums pile on the commercial pressure
There have been rises across all classes, except fleet, as recent figures from the Acturis Commercial Lines Index reveal, putting pressure on companies. Rachel Gordon reports
Two-fifths of London businesses at risk of flash flooding
Research by Zurich has revealed that two-fifths of London businesses are at risk of being hit by flash floods as heavy rainfall is predicted to hit the capital.
Jensten buys MGA Origin
The Jensten Group has bought SME specialist managing general agent Origin UW for an undisclosed sum.
Blog: Stonegate v MS Amlin and others - battle lines drawn in a £1bn dispute
Reed Smith’s Peter Hardy and Catherine Lewis consider the impact of Stonegate’s £1bn court claim.
The Stats: Q1 2022 - Cost of commercial cover continues to climb
Recent figures from the Acturis Commercial Lines Index shows business insurance remains on a relentless upward trajectory. Rachel Gordon reports
MS Amlin teams up with Altelium on battery energy storage insurance
MS Amlin Underwriting has partnered with insurtech Altelium to launch a battery energy storage system construction all risk and operational all risk insurance solution.
GRP buys Durham-based Castle Insurance Services
Global Risk Partners has bought 100% of the share capital of Castle Insurance Services as the consolidator targets growing its presence in the North East.
Opinion: The importance of the right chemistry for schemes and DAs
Axa UK’s Gary Head explains why the formula must be right to achieve long-term success
The Irish broker market: Consolidation and compliance
David Worsfold visits the Emerald Isle to learn more about how the broker market is developing and asks if the next wave of consolidation will be an Irish one
Aviva calls on brokers to play key role in protecting clients from cyber risk
Aviva has urged brokers to help educate customers on how to improve resilience and ensure they have taken reasonable steps to protect themselves following alerts from government agencies that the commercial world faces an increasing risk of an online…
Zurich opens regional office for East Anglia in Chelmsford
Zurich UK has moved to strengthen its relationships with brokers by opening a regional office in Chelmsford to service the East Anglia area.
Biba develops trade credit guide
The British Insurance Brokers’ Association has launched a new guide explaining the need for, and the benefits of, trade credit insurance.
Axa granted leave to appeal Corbin & King verdict
Silence from the insurer on whether it will pursue the appeal.
The stats: Commercial premiums – double trouble as rates continue to bite
Along with the cost of living, the cost of insurance looks set to keep rising too, according to the most recent Acturis Commercial Broking Index. Rachel Gordon reports
Opinion: Commission vs fees?
Peter Robinson of Prizm Solutions considers the impact of professionalism on the debate.
Amanda Blanc confirms Aviva move to 80 Fenchurch Street
Relocation plans revealed as Aviva reported GWP of £8.8bn for the full year 2021.
Judge rules in favour of Wolseley-owner Corbin & King in BI case with Axa
The case could see insurers paying out an increased number of and higher value business interruption claims.
Verlingue gears for growth
The family-owned business is seeking acquisitions and organic growth as it targets income increase.
Blog: How can the insurance industry build trust with SMEs?
Hubb’s Ed Halsey considers how providers and brokers can repair its reputation in the SME space.
