Claims Analysis
Boosting business through benchmarking insights
Identifying areas for improvement in claims has become a differentiator thanks to Covid-19 and the whiplash reforms
Travel insurance sector faces capacity concerns post-pandemic
As the travel industry gears up to reopen post-lockdown, a spike in claims could impact insurance capacity
Briefing: Intangible asset underinsurance offers post-pandemic opportunity
The Covid-19 spotlight has illuminated the protection gap around intangible assets – this is a wake-up call the sector can’t ignore
Government must take ‘leap of faith’ to mend ‘gaping hole’ in cover for live events
Industry figures beg the government to seriously consider state-backed insurance scheme as the commercial insurance market for events cancellation is ‘unlikely’ to mobilise until 2022
Woodgate and Clark to target organic growth after Quadra acquisition
The loss adjuster’s managing director believes there is room for growth in the mid-ranking loss adjusting arena
Industry demands change to build sustainable construction PI market
Trade association believes historic liabilities following 2017’s Grenfell Tower tragedy will lead to current claims exposure for insurers providing professional indemnity within the construction sector
Sabre has ‘been able to hold our nerve’ during pandemic lockdowns
The insurer’s chief executive says that putting prices up year-on-year was the ‘right stuff’, enabling the firm to now ‘stand still’ as its competitors scramble to implement price increases to mitigate Covid discounts
Briefing: Pandemic impact on financial results is not over yet
Insurers’ 2020 full-year financial results show an economic landscape strewn with losses and colossal Covid claims costs. This will undoubtedly carry over into 2021 in some capacity, wrecking further trouble on balance sheets
In Focus: New whiplash portal on the horizon – but are firms ready?
The countdown until the launch of the new Official Injury Claim portal has finally begun following February’s regulations – Insurance Times explores whether firms are operationally ready for the upcoming changes and what work is still left to do
D&O demand set to soar as UK audit regime puts directors in the spotlight
Sweeping new reforms for Britain’s biggest businesses are set to place greater responsibility on directors and officers to ensure the accuracy of their firms’ financial reporting – or face harsh penalties
Insurtechs warn insurers of pandemic ‘complications’ to flood claims
In Focus: What unintended consequences could follow the implementation of the Official Injury Claim portal in May?
Ardonagh ‘on cusp’ of solving BI issue before FCA test case halted project
Briefing: Fraud red flag will remain for personal injury claims despite OIC portal launch
Magenta Insurance urges government to have ‘official rethink’ around EOW and flooding synergies
Covid-19 pandemic exacerbates fine art insurance’s hard market conditions
The Building Safety Bill – what insurers and brokers need to know
‘Unintended consequences’ of whiplash reforms inevitable says MoJ
New entrants to HNW market set to cause ‘disruption’ – Criterion
Insurers must revisit unclear policy wordings to ‘rebuild bridges with customers’
Briefing: Will CMCs morph to adopt motor focus post-whiplash reforms?
Flood deal spotlights the need for a proactive approach
‘Broken’ insurance industry must find fire insurance solution following Grenfell
Opinion: Test case opens industry’s eyes to depth of expectation gap
Briefing: Insurers facing broker backlash for Covid service
Claims News
UK car insurance premiums fell by 14% in last year – WTW
Premiums are now at their cheapest since 2015, reflecting the impact of lockdown on claims
Dog thefts pushing up pet insurance prices – Comparethemarket
The PCW found that policyholders living within the same part of the UK could be paying vastly different pet premiums
Two insurers sued for £2.6m for alleged ‘waterproofing blunder’
In an ongoing case, Aviva is one of the insurers accused of failing to inspect and repair water damage
Lack of insurance solution causes yet another music festival to cancel
The absence of a state-backed insurance scheme has left organisers in a ‘tricky position’
