Claims – Page 109
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NewsBriefing: Will insurers be able to repair their tarnished reputations?
In the eyes of many policyholders the Covid-19 crisis has been yet another stain on the insurance industry’s already tarnished reputation. Deserved or not, insurers have much to do regain their trust By data insights editor Matt Scott
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NewsTotus Re urging business bodies to call on chancellor
The insurance collective is urging the chancellor to agree the model
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NewsGovernment unveils £10bn trade credit insurance backstop
Government to provide guarantees of up to £10bn to trade credit insurance for business-to-business transactions
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NewsIUA says e-scooter insurance should not be compulsory
Successful uptake will likely depend on availability of appropriate infrastructure
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Online onlySSP expands connection to all software houses in boost for insurers
SSP expands integration with its market-leading quote hub solution. Insurers can now price and optimise throughout the distribution chain easily.
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FeaturesRisk management is ‘core’ to insurer propositions that improve client relationships
Insurers and brokers are turning to risk management and mitigation to bolster relationships and offer a service differentiator – but does this lead to competition or collaboration?
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NewsBroker labels FCA test case as potentially ‘dangerous’ and ‘bizarre’
But MGA boss applauds the FCA’s intervention for accelerating ‘a process that might otherwise have taken months or years’
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NewsInsurtech Sprout.ai invests in deep learning following $2.5m funding round
The insurtech aims to be the first to crack claims prediction using deep learning
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NewsInsurtech Whitespace signs first US carrier to platform
It will bolster the insurtechs connections in the London market and electronic placing
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IT InterviewKi – the digital follow-only syndicate aiming to reduce the London Market’s expense ratio
Brit is taking a data-led approach to solving various pain points in the London Market in its latest partnership with Google Cloud
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NewsFCA confirms it will investigate 16 insurers’ policy wordings at BI test case
Hiscox, Axa and MS Amlin are among the named insurers that will have its policy wordings reviewed
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NewsHospitality trade bodies jointly back FCA action in bid for ‘effective resolution’
The regulator published a timetable for the court action which will commence by 9 June, all formal pleadings should be completed by 3 July
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NewsThe Big Question June 2020: When the insurance world returns to offices, what will the ‘new normal’ look like?
As the working world gradually migrates back to offices after more than two months of working from home during the pandemic, Insurance Times asks the industry how this might change this
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NewsLaw firm considers launching group action cases against eight insurers for rejected BI claims
Michelmores has firms such as Aviva, Hiscox, RSA and QBE within its cross hairs
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NewsFCA publishes guidance for insurers and brokers handling BI claims during test case
Firms will be required to review all relevant claims and complaints for test case judgement implications
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NewsCovea faces coronavirus exposure on nursery scheme with PIB Group broker
Nursery owners can potentially claim under the policy’s loss of revenue section
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NewsReal-time data and technology is key for staying on top of climate change risks
Declining postcodes is too generic when insuring flood risks says LexisNexis Risk Solutions
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News AnalysisThe Briefing - Insurtech – Surviving Covid-19, government schemes for insurtechs ‘not all it’s cracked up to be’
The government has been instrumental in supporting businesses during the Covid-19 pandemic, however many insurtechs have found that these schemes incur pitfalls and strict eligibility criteria that does not work in their favour
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FeaturesThe Briefing - Insurtech: How can insurtechs support insurers and brokers throughout the Covid-19 pandemic?
As insurers and brokers remain working from home in light of the coronavirus crisis, insurtechs could be key in supporting and improving digital ways of working
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NewsCredit rating agency says insurers’ credit quality could be affected by BI court cases
The firm’s latest report stressed ‘the impact of potential liability exposure, particularly in relation to event cancellation and BI claims’ linked to the coronavirus pandemic
