Claims – Page 71
-
NewsUK travel insurer to cover FCO watchlist European destinations
The FCO has advised against all non-essential travel to certain destinations as the pandemic continues, however some travel insurers are now offering cover for this
-
NewsPolicies will need to adapt to changing risks brought about by Covid says analytics firm
Products designed for the risks of remote working will become commonplace moving forward
-
NewsAnimal Friends releases claims data for dog owners
The pet insurer has released claims data to help potential dog owners make better decisions picking a pet, after lockdown sees a surge in pet owners
-
NewsMotor injury claims fall sharply during Covid-19 lockdown
A sharp fall in motor injury claims was recorded in the second quarter of 2020 as fewer people took to the roads
-
NewsEcclesiastical hit by £59.7m loss due to Covid-19 impact
The insurer’s chief executive describes the headline loss as ‘disappointing’, attributing it to the ‘uniquely challenging’ circumstances arising from the coronavirus crisis
-
FeaturesBrokers need to engage business owners to combat underinsurance in a hard market
In a worse case scenario, brokers could face professional indemnity claims if their commercial clients are vastly underinsured. Insurance Times takes a closer look at the issue of underinsurance and how brokers can help tackle it
-
-
FeaturesCyber Focus: Data exfiltration boosts ransomware risks with reputational threats
Brokers need to adopt a proactive role in assessing commercial clients’ digital security as cyber insurance morphs into a hybrid of preventative risk management services and responsive claims investigation to tackle evolving cyber threats
-
IT InterviewRe-educating brokers: parametric insurance as a solution for BI
FloodFlash’s co-founder Adam Rimmer tells Insurance Times why re-educating brokers is a challenge if the parametric model is going to be applied to business interruption insurance, but nonetheless it is a positive move. The insurtech is a finalist in both the Claims Excellence Awards and the Technology & Innovation Awards ...
-
NewsQBE gives £10.6m in premium rebates to motor fleet customers affected by Covid-19
Around 60% of the insurer’s rebates went to policyholders within the bus and coach industry
-
IT InterviewInsurers unable to hide behind parametric insurance small print, says FloodFlash’s Adam Rimmer
Although many organisations had a form of business interruption insurance within their commercial cover prior to the Covid-19 pandemic, FloodFlash co-founder Adam Rimmer tells Insurance Times how a parametric insurance model would have been the better option for this type of insurance, as ’there’s no small print for the insurer ...
-
NewsBrokers boost use of digital platforms during lockdown says Aviva
Chief distribution officer Phil Bayles added that regional brokers’ high sales figures are a ‘testament to their adaptability and resilience’
-
NewsLV= pays out £100,000 for Scottish flash floods
Since Wednesday, when the recent heatwave began to peter out, LV= has received nearly 150 claims for flood and storm damage
-
NewsThe Big Question September 2020: Will insurers come out looking better or worse due to the FCA test case? Why?
The FCA test case saw eight insurers put to task in July in a hearing that lasted over a week, Insurance Times asked the industry whether insurers as a whole might look better or worse as it approaches the time for the court to reach its verdict
-
FeaturesLondon Market sectors swerve direct Covid claims due to lack of non-damage BI extensions
For niche industry sectors such as energy and marine, the Covid-19 pandemic has exacerbated existing claims and informed future market fluctuations rather than had a direct impact on claim notifications. Insurance Times takes a closer look
-
Online onlyMore woes for travel insurers and customers as Covid corridor to France shuts
Those travelling from France and a series of other countries will have to quarantine upon returning to the UK
-
News AnalysisBack to office transitions bring new risks and lessons to the insurance industry
Next month marks the return to offices for most staff in the insurance industry, but as the UK unwinds from lockdown, what risks should brokers be aware of in a post-pandemic world and will office life ever look the same again? Insurance Times investigates
-
NewsHiscox Action Group celebrates legal agreement for single arbitration process
Three arbitrators will review four categories of policy around Covid-19 related business interruption claims
-
IT InterviewZurich takes ‘track record of claims payment seriously’ as H1 earnings suffer Covid-19 hit
The insurer’s UK chief executive confirmed that its general insurance arm saw a £140m impact on earnings as a result of the coronavirus pandemic
-
IT InterviewFCA’s test case has overshadowed insurers’ efforts during Covid-19 pandemic says ABI
The trade association’s director general accepts ‘that reputationally this has been a very difficult few months for the industry’ in light of the FCA’s test case against insurers around the clarity of business interruption policy wordings
