Claims – Page 73
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Online onlyPlunging motor claims sees significant improvement in Direct Line loss ratio
The insurer’s attritional loss ratio in motor improved by 17.9 percentage points therefore it has reinstated its dividends that it previously halted in April, however it remains cautious given the uncertainty of the pandemic
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Online onlyAllianz talking to brokers more than ever, despite lockdown
Insurer-broker interactions were up 12% during the last four weeks alone, Allianz, chief executive Jon Dye said
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Online onlyBriefing: Covid insured losses compared to several UK mega-claims events
Covid-19 could be the biggest ever UK insured claims event
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NewsFCA Covid test case ‘difficult time for insurers reputationally’ - Allianz chief Jon Dye
Allianz chief exec said he understood why brokers and customers might argue that the business interruption cover is there
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NewsAllianz Holdings half-year results bolstered by LV=GI
Allianz Insurance saw fall in operating profit during the first half of the year
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NewsAviation insurance industry braces for fallout after Branson’s Virgin Atlantic goes bust
Gallagher warns that Covid-19 could ‘act as a catalyst’ for rate increases translating into a harder global insurance market
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NewsGRP buys renewal rights for seven books of business from Aon
The portfolios, which includes Aon’s Northern Ireland book, will be controlled by GRP’s hub brokers
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FeaturesHow Covid-19 has impacted personal injury claims
The success of remote medical examinations has divided industry professionals, while court backlogs are causing law firms to think outside the box in order to progress claims. Insurance Times takes a closer look at the lay of the land for personal injury claims and what the sector’s future could look ...
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NewsAvalanche of illicit post-lockdown claims coming - fraud bosses
There has been a lull in the volumes of certain types of traditional fraudulent claims during the lockdown period
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NewsAviation, tourism, oil and energy sectors face the biggest Covid-19 risks say insurers
A survey conducted by Gallagher highlighted the insurance portfolios that underwriters are most concerned about
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IT InterviewQ&A: Brokers armed with perils data can better identify policyholders at risk of flooding says LexisNexis Risk Solutions
Despite the prominence of the Covid-19 pandemic, Jonathan Guard, commercial insurance director at LexisNexis Risk Solutions, tells Insurance Times that flood risks should not be ignored and that better using perils data can benefit brokers. Savan Shah gets the details
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NewsHow parametric insurance could serve SMEs in a post-pandemic world
Parametric insurance could help avoid a re-run of the Covid-19 business interruption saga, as the pandemic exposes real holes in the insurance market
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Online onlyHiscox hints at appeal should FCA test case go against it
The company is one of many inurers battling policyholders who want a pandemic-related business interruption payout
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NewsLV= launches monthly car insurance subscription
The online only product is the first under LV=’s new ‘Flow’ brand
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Online only‘Do the right thing’ - Handbag maker boss in Covid legal fight with Aviva
Handbag maker joins legal action group
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NewsHiscox ups Covid reserving in face of ‘largest insured loss in history’
Hiscox revised its reserving upwards alongside taking into account potential business interruption payouts; the insurer believes its exposure to Covid-related BI claims could be between £10m and £250m
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NewsClaims Excellence Awards Finalist 2020 Q&A: Digi2L’s claims portal redefines process
Winners will be revealed at Insurance Times’s Claims Excellence Awards 2020 on 15 October and further details will be announced shortly
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NewsBrit bottom line hurt by Covid-19 claims payouts
The insurer’s combined ratio went into negative territory in the first half of the year
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IT InterviewDLG motor claims dropped by 70% during Covid-19 pandemic peak
The insurer’s head of claims says ‘we’ve just got to be ready’ for claims escalation as lockdown eases
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NewsFCA business interruption test case: Day 8 - as it happened
A test case brought by the FCA against eight insurers could have significant consequences for insurers, brokers and policyholders. We report on the latest from the High Court…
