Financial Analysis
Poor data hampering FSCS from tracing customers of collapsed unrated insurers
In some cases, it has taken two years for insurers to identify customers to the Financial Services Compensation Scheme
What are the insurance implications for coronavirus-related nursery closures?
PIB Group says ‘insurer exposure could mount up fast’ as vast numbers of nurseries close their doors during the Covid-19 outbreak
How is coronavirus impacting key business sectors?
Covid-19 is leaving an unstoppable imprint across global businesses – Insurance Times reviews the current lay of the land in the industry sectors most affected
Insuring reputational risk opens opportunities for new business
Protecting brand reputation has become a top priority for insurance businesses
Shining the spotlight on broker ‘secret commissions’
Defined as a ‘species of fraud’, brokers have to come clean about hidden commission transactions in order to avoid legal repercussions
Briefing: Job losses and Willis Re hived off - implications of the Aon merger
Deal was announced today having been mooted last year
Direct Line aims to reduce expense ratio amid business transformation
Despite a challenging motor market post-Ogden the insurer is pushing forward with digital transformation and is “well prepared” for Coronavirus claims
Aviva to invest in digitalising broker channels
The insurer’s UK chief executive confirms that ‘we want to invest in those relationships’
Coronavirus not covered under standard business interruption policies says Aviva
The insurer’s chief executive said its policies provide ‘minimum coverage’ in terms of listed diseases within BI policy wordings
GoCo shaking up price comparison as auto-switching customers boom
GoCo’s autoswitching customers surge past the 300,000 barrier
Briefing: RSA results get better, but broker service levels must improve
Could Hastings’ long-term battle plan see fortunes turned this year?
The Briefing – MGA markets: Should MGAs carry their own risks?
Hastings turns to pricing strategies as it seeks more profitable 2020
RSA chief executive: UK and European business needs to ‘pull its weight’
Allianz: commercial property market has been ‘too cheap for too long’
Briefing: Break up or stay put? Why the new Aviva chairman is key
Briefing: Make no mistake, these are worrying times for Hastings
Claims culture hampers Irish sports clubs from obtaining public liability cover
Motor insurers preparing for reinsurance rate hike as Ogden hits hard
Is a MBO the way to go?
‘My goal is to build a world class insurance company’ - Esure CEO David McMillan interview
CII calls on insurers to focus on women’s financial resilience in manifesto launch
Pressure on Aviva boss Tulloch as Asian sale idea is ditched
Pensions advice scrapped as firms fail to secure PI cover amid rising premium rates
Financial News
Unrated Gefion ordered to stop writing business
The move comes after the Danish FSA failed to approve the insurer’s recovery plan
AA improves trading EBITDA by 3% but suspends final dividend due to Covid-19
However, the insurer stated that coronavirus has ‘not impacted the group materially’
Aviva’s motor margins could be ‘significantly higher’ due to coronavirus quarantine says Jefferies
Essential workers will be allowed to commute without paying additional premiums
‘Unacceptable’ - Tory MP blasts insurers amid no coronavirus payout customer fury
Sir Roger Gale said insurers must pay out in the customer time of need
