Lloyd’s of London loss means a push for insurance software

December 14, 2016 Tom Murray

software provider SaaS insurance

Lloyd’s of London has come out this week saying that they lost money in 2016, which will drive the 90 in the insurance market to be more selective in the risks they take for 2017 and forcing Lloyd's to cut its current subscription rates.
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Insurance software market is growing and it will be big

December 12, 2016 Sharon Cronin

SaaS insurance

A recent report from market research company IBIS has projected that the insurance software and insurance administration solutions sector is to exceed $8 billion this year.
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Life & Pensions sector needs to embrace Robots

November 10, 2016 Tom Murray

automation robo-advice financial advice

Actuarial Post: Life and Pensions sector needs to embrace Robots This article was originally commissioned for the November 2016 edition of the Actuarial Post. There has been a huge increase in the personal use of technology from just a decade ago, driven by the miniturisation of powerful ICT components, which has made it possible for people to carry personal systems with computing power vastly beyond that which was employed in the moon-landing programme. This has transformed the day-to-day life of consumers and, inevitably, altered their perception of what service levels are acceptable from companies.
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INVESTMENT LIFE & PENSIONS MONEYFACTS: Cushioning the blow

October 27, 2016 Tom Murray

protection policy Income Protection Autoenrolment

This article was originally commissioned and published in the  October 2016 edition of the Investment Life & Pensions Moneyfacts publication.  Tom Murray suggests that the Government should move away from using investments as a policy tool and compel people to protect themselves financially instead.   INVESTMENT LIFE & PENSIONS MONEYFACTS: CUSHIONING THE BLOW Succeeding Governments have concerned themselves with the financial insecurity of those on the bottom rungs of society. The plight of those whose earnings don’t allow them to amass a significant financial cushion to cope with unexpected events has struck a chord with ministers from all parties, who have tried to come up with solutions that will support people at times of great financial stress. The motive is admirable. Let’s help the ordinary worker build a stockpile of savings to be able to cope with life’s ups and downs. However, the focus always seems to be on pushing savings for a rainy day, which ignores the basic problem that for the majority of basic rate taxpayers, it takes far too long to amass sufficient savings to provide any level of security.
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Nostalgia ain't what it used to be!

September 28, 2016 Tom Murray

UK advice gap insurance industry Retail Distribution Review (RDR) FCA

Nostalgia ain't what it used to be! Nostalgia is back in vogue, with a general trend to hearken back to a golden era, when the EEC was a far-off organisation and America was great. As part of this trend, the FCA have decided to chip in with their latest wheeze to sort out the lack of advice available for the smaller investor.  
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Exaxe shortlisted for the DC Technology Provider of the Year award

September 21, 2016 Sharon Cronin

Technology Provider of the Year pensions technology provider of the year Press releases Exaxe technology provider of the year Exaxe News

Exaxe shortlisted for the DC Technology Provider of the Year award Exaxe has been shortlisted for the DC Technology Provider of the Year award at the 2016 DC Awards, organised by Pensions Insight, which is due to take place in London on October 26th.
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Exaxe shortlisted for the Pensions Technology Provider of the Year award

September 15, 2016 Sharon Cronin

pensions technology provider of the year Press releases irish pensions awards Exaxe News Pensions technology

Exaxe shortlisted for the 2016 Pensions Technology Provider of the Year award   Exaxe has been shortlisted for the Pensions Technology Provider of the year at the 2016 Irish Pensions Awards, which is due to take place in Dublin on November 24th.
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Somebody in the Bank of England understands pensions

September 13, 2016 Tom Murray

Pensions Bank of England

Somebody in the Bank of England understands pensions   There was much consternation in the pension world recently when the Bank’s chief economist, Andy Haldane, stated in an interview that he “could not make the remotest sense” of pensions.  However, before we all start to lose sleep over the fate of the BoE employees and their future retirement plans, it has become clear that there is someone in Threadneedle Street who appears to know exactly how pensions work.
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Downward spiral continues for pensions

September 05, 2016 Tom Murray

Pensions defined contribution UK pensions DB defined benefit

Downward spiral continues for pensions This week’s news that Carclo, a major technical plastics manufacturer in Yorkshire, has warned that its final dividend to shareholders will be reduced or eliminated in order to shore up the company’s defined-benefit pension fund, starts to bring the reality of the crisis in pensions home to a wider audience.  The significant decrease in bond-values, the primary investment component of most defined benefit pension funds, since the EU referendum result means that the liabilities have grown significantly, and therefore the shareholders share of the profit must be sacrificed to plug the gap.
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Exaxe announces 44% increase in sales and job creation plans for next two years

August 23, 2016 Sharon Cronin

recruitment drive Press releases client wins Careers exaxe jobs

Exaxe announces 44% increase in sales and job creation plans for next two years   Dublin, Ireland, 23rd August 2016. Exaxe, the award-winning specialist SaaS solutions provider for the life and pensions industry, today announced a 44% increase in revenues for the year ending 2015 and its plans to create at least 20 new jobs over the next two years.
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