Direct Line Insurance Group (LON:DLG) PT Lowered to GBX 331

Direct Line Insurance Group (LON:DLG) had its price target lowered by equities research analysts at Berenberg Bank from GBX 344 ($4.49) to GBX …

Direct Line Insurance Group logoDirect Line Insurance Group (LON:DLG) had its price target lowered by equities research analysts at Berenberg Bank from GBX 344 ($4.49) to GBX 331 ($4.33) in a research note issued to investors on Thursday, August 29th, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 9.64% from the stock’s previous close.

A number of other research firms have also recently commented on DLG. UBS Group reiterated a “buy” rating on shares of Direct Line Insurance Group in a research report on Monday, July 29th. Morgan Stanley reissued an “overweight” rating on shares of Direct Line Insurance Group in a research note on Wednesday, June 19th. JPMorgan Chase & Co. decreased their price target on Direct Line Insurance Group from GBX 360 ($4.70) to GBX 345 ($4.51) and set a “neutral” rating on the stock in a research note on Monday, July 8th. Shore Capital reaffirmed a “buy” rating on shares of Direct Line Insurance Group in a research note on Wednesday, July 31st. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 350 ($4.57) price objective (up from GBX 345 ($4.51)) on shares of Direct Line Insurance Group in a research note on Monday, July 29th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Direct Line Insurance Group presently has a consensus rating of “Hold” and a consensus price target of GBX 354.36 ($4.63).

Shares of DLG stock opened at GBX 301.90 ($3.94) on Thursday. The stock has a market cap of $4.15 billion and a P/E ratio of 9.68. The business has a fifty day simple moving average of GBX 303.49 and a 200-day simple moving average of GBX 329.03. Direct Line Insurance Group has a fifty-two week low of GBX 278.80 ($3.64) and a fifty-two week high of GBX 366.60 ($4.79). The company has a quick ratio of 0.34, a current ratio of 0.55 and a debt-to-equity ratio of 16.68.

About Direct Line Insurance Group

Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. It operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. The company offers personal motor, home, and rescue insurance products, as well as other personal line insurance products, including travel, pet, and creditor products; and commercial insurance for small and medium-sized enterprises.

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New insurtech using NLP and machine learning technology launches in the US

New York-based NeuralMetrics, an insurtech data provider using natural language processing (NLP) technologies to power a real-time, alternative …

New York-based NeuralMetrics, an insurtech data provider using natural language processing (NLP) technologies to power a real-time, alternative data engine for commercial lines general or property and casualty (P&C) insurance companies, has launched in the US.

Headquartered in NYC, with offices in the UK, Europe, the UAE, and India, NeuralMetrics was founded by data and technology entrepreneurs Prakash Vasant and Marcus Daley. The start-up aims to help transform the accuracy of insurers’ underwriting capabilities.

The company claims SmartRatio SaaS platform uses NLP and machine learning to extract actionable information from unstructured public data to enhance decision-making and increase revenues.

“The world’s pace of change has accelerated dramatically in the last decade and insurers need more information in order to stay ahead of digital-first competitors,” said Vasant, co-founder and CEO of NeuralMetrics. “By providing real-time access to new and unstructured data sources, NeuralMetrics is helping transform the accuracy of insurers’ underwriting capabilities.”

Daley, technical co-founder and executive advisor, added: “One of the greatest opportunities in InsurTech is addressing the information gap in the SME business sector. The challenge has been working with big data while accurately processing models against small, public data that represents individual small businesses. Doing this efficiently represents a game changer for the industry.”

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Insurtech raises record $3bn in funding in first half of 2019

Insurtech firms raised a record $3 billion in new funding in the first half of 2019, with developments such as usage-based insurance boosting demand …

Insurtechs raise record $3bn in funding in first half of 2019

iStock/jansucko

Insurtech firms raised a record $3 billion in new funding in the first half of 2019, with developments such as usage-based insurance boosting demand in the sector, with European companies attracting the lion’s share.


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Hampleton Partners, Funding, Insurance, Reinsurance, Insurtech, Miro Parizek, North America

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Major investments are paying off for Charles Taylor

A key benefit of these big moves has been Charles Taylor’s competitive advantage in the insurtech space, where the company offers services across …
Big investments are paying off for Charles Taylor

Charles Taylor’s investments are finally paying off. After a few years of restructuring the business and making big deals in the market, which resulted in a mixed bag of financial results, the insurance services and technology company’s plans are coming to fruition.

In H1 2019, Charles Taylor InsureTech was close to breaking even in its operating result, and organic growth in its claims services division delivered an improved margin. Its insurance management wing meanwhile saw revenues that were marginally down, though there was an increase in profits. Altogether, the group’s revenue rose by 15% from 2018 to £141.7 million (around US$175 million), its adjusted EBITDA increased by 81% from the previous year to £17 million (around US$21 million), and adjusted profit before tax climbed by 26% to £7.3 million (around US$9 million).

Statutory loss before tax was also slightly improved, at £2.1 million (around US$2.6 million) from 2018’s £2.5 million (around US$3.1 million). The firm attributed an execution of larger investments as part of its strategy to develop capabilities and build the business as the main factor contributing to pre-tax loss.

Read more: Charles Taylor sheds light on acquisition push

“Looking at our results in the prior years, we were investing quite heavily and from our point of view when we invest, by and large it’s an expense that comes off the bottom line, and it definitely has held back our bottom line over the last couple of years,” said David Marock, group chief executive officer at Charles Taylor. “We made a conscious decision that that was an investment worth making. We felt that for the long-term success of the group, it was something we needed to do, and when we look at the wins we’re getting, it gives us a great deal of confidence for the future.”

He added: “It unquestionably has been painful but we think essential for the growth of the group, and to be able to satisfy our clients.”

A key benefit of these big moves has been Charles Taylor’s competitive advantage in the insurtech space, where the company offers services across the insurance marketplace, be it in life and health or P&C, as well as across different players in the market, from insurers to brokers and MGAs, as well as large corporate players.

In 2018, Charles Taylor InsureTech was awarded a five-country contract to implement INSIS, its operating platform, as the core operating platform of a major transformation program for Seguros SURA, a top life, general and health insurer in Latin America. It was also tapped by the London Market Group (LMG) for an ‘extendable’ three-year partnership, as part of the London Market Target Operating Model (LM TOM) modernization project. The Charles Taylor subsidiary then snapped up insurance-focused technology consultancy and software provider Inworx in Latin America.

The insurtech play was something the company began to capitalize on a few years ago.

“We started to pick up a clear need from our clients for insurance solutions to solve problems that maybe historically they might have looked at purely on a servicing basis, and we then built up a range of technological solutions to meet all of the core needs. That’s core platforms for insurers, for brokers, for the frontend service, the quote-and-bind capability, and the tools to enable them to communicate between themselves because this is a highly networked market and being able to transfer large amounts of data efficiently and effectively is key,” said Marock. “I think our timing was just right. We’ve been building out our capabilities in the last 18 months and we’ve won a number of quite material contracts.”

More recently, one of the big areas of growth for Charles Taylor InsureTech has been enabling companies to implement quote-and bind-capabilities, particularly for complex commercial lines products, and incorporate them into a solution where you can quote the business and bind the business online. That, for many insurers, brokers, and MGAs, says Marock, “is something that they’ve to date struggled to do or if they have done it, they’ve done it in a rather cumbersome and expensive way.”

It’s a good time to be in the insurtech business because the challenges in the insurance marketplace today are paving the way for insurance technology solutions.

“The pressures on profitability lead to a drive to achieve more cost efficiencies and that favors both the services we provide and the technology solutions we provide,” explained Marock. “Similarly, with the consolidation that we’re seeing among the insurers and brokers, we’ve been well-positioned to benefit from that because typically what we have found is that the larger insurers and brokers are more likely to look for counterparties that they feel match them, if you like, and can provide them with the service that they’re looking for in the way that they’re expecting it to be delivered. Our scale and professionalism, I think, positions us well to do that.”

Insurtech isn’t Charles Taylor’s only expertise. Recently, it was announced that Charles Taylor Managing Agency (CTMA) would be sold to a Premia Holdings Ltd subsidiary after a strategic review of the business. According to the H1 2019 results, the company plans to continue delivering “reliable and sustainable Charles Taylor Insurance Management revenues from major long-term clients.”

On the claims services side, Charles Taylor Adjusting acquired FGR Group, a loss adjusting and claims program management services company with locations in Chile and Peru, and a growing presence across Latin America. Its strategy has been to expand Charles Taylor Claims Services through “organic and acquired growth in loss adjusting and through bringing together the group’s claims handling activities into a joined-up business, which is winning new business.”

Read more: Charles Taylor Adjusting eyes US growth opportunities

Looking ahead, Charles Taylor leadership plans on growing its three major businesses, and sees a ton of opportunities to do so.

“We see plenty of opportunity to grow our business across the globe, which we have been doing – we’ve been bringing on teams and we’ve been building out new capabilities,” said Marock. “On the insurance management side, where we’re managing insurance entities on behalf of clients, I think there it’s more about making sure that we’re supporting their long-term sustainable growth. It’s a tough environment out there, and it’s more about making sure we’re doing the right things to protect them and and help them grow.

“On the insurtech side, we’ve been investing heavily over the last couple of years, we’ve got the core IP in place, and now, it’s really about aggressively growing that business.”

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Pet Insurance Market Insights with Statistics and Growth Prediction 2019 to 2025

Global ​Pet Insurance Market Report 2019-2025 provides insightful data about … A form of property and casualty insurance, pet insurance provides … Embrace, Royal & Sun Alliance (RSA), Direct Line Group, Agria, Petsecure, …

Image result for Pet Insurance

Global ​Pet Insurance Market Report 2019-2025 provides insightful data about business strategies, qualitative and quantitative analysis of Global Market. The report also calls for market – driven results deriving feasibility studies for client needs. MarketInsightsReports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

In 2018, the global Pet Insurance market size was 3200 million US$ and it is expected to reach 8840 million US$ by the end of 2025, with a CAGR of 13.5% during 2019-2025.

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Pet insurance is a type of specialty property and casualty insurance policy that pet owners purchase to cover the unintended costs that arise in providing care for a pet, including veterinary services such as surgical procedures, injuries from accidents, and prescribed pet medicines. Pet insurance is purely a reimbursement program. A form of property and casualty insurance, pet insurance provides reimbursement to the owner after the pet has received required care and the owner submits a claim to the insurance company.

Pet Insurance Market Segments:

Top Companies :

Petplan UK (Allianz), Nationwide, Trupanion, Petplan NorthAmerica(Allianz), Hartville Group, Pethealth, Petfirst, Embrace, Royal & Sun Alliance (RSA), Direct Line Group, Agria, Petsecure, PetSure, Anicom Holding, ipet Insurance, Japan Animal Club.

Market Segmentation by Types:

Lifetime Cover

Non-lifetime Cover

Accident-only

Other

Market Segmentation by Applications:

Dog

Cat

Other

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Regional Analysis For ​Pet Insurance Market:

For comprehensive understanding of market dynamics, the global ​Pet Insurance market is analyzed across key geographies namely: North America, Europe, Asia-Pacific, South America, Middle East and Africa. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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