Claims – Page 83
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NewsFSCS to crank up supplementary levy to accommodate for firm failures
The general insurance distribution class retail pool will need to stump up an extra £29m, for example
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Features‘Gross profit’ terminology confusion creates underinsurance hazard – Sedgwick
Determining insurable gross profit versus an accounting gross profit can be a headache for policyholders, however if calculated incorrectly, the ramifications on business interruption claim payouts could be impactful. Insurance Times explores the issue as well as possible solutions
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NewsAviva revises down pandemic BI claims cost estimate
Aviva said fewer claims in the third quarter had allowed it to cut its forecast payout figure for business interruption claims
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NewsBrokers need to be SME business partners to secure success post Covid – Markel
Expert panel agrees that an advice-led approach complete with value-added services, such as tax and legal support, is the future of commercial broking post pandemic
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NewsThree ex-Hiscox bosses set up new Lloyd’s insurance group
NatWest Group’s Sir Howard Davies has been appointed as the group’s chairman
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NewsHowden buys cyber and technology-focused broker
The company says the purchase ‘supercharges our growth in this important market’
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NewsFOIL warns of potential injuries and complex claims ahead of 2021 London e-scooter trials
With Transport for London set to start e-scooter trials in London next year, insurers and brokers could have some new challenges and risks ahead
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NewsInsurance Times Awards finalist 2020 Q&A: Carrot Insurance rewards customers for driving safely during lockdown
Next month the winners for the Insurance Times Awards 2020 will be revealed at a virtual ceremony on 9 December
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IT InterviewIndustry has work to do to regain customer confidence – Zurich
Zurich UK’s head of retail believes insurers are ‘absolutely all aligned’ to repairing the reputational damage caused by the FCA’s test case and confusion over business interruption cover
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NewsOpen GI in brand refresh as it guns to be leading technology partner
Its research revealed that its customers wanted the brand to be perceived more like a tech SaaS firm instead of a broker
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NewsBrit’s syndicate Ki onboards its first broker trading partners ahead of New Year launch
Ki’s broker partners include Aon, Gallagher and Marsh among many others
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Sponsored ContentHow online data could transform the insurance sector’s relationship with corporate risk – Luminati
Luminati’s vice president of APAC and EMEA Tamir Roter tells Insurance Times how data could improve how the insurance market deals with corporate risk
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NewsLockdowns expected to bring big drop in claims costs this year, but 2021 predicted to turn negative
Underlying claims inflation, Brexit and the FCA’s new pricing rules could turn underwriting profits red next year, predicts EY
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NewsArch Insurance reveals SME terrorism product to combat evolving risks
Arch has more than 10 years of experience in terrorism insurance products
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News AnalysisFCA labels insurers’ arguments as ‘far-fetched’ in Supreme Court hearing
However, insurers claim that there ‘is no justification for engineering contractual wording to accommodate unique circumstances which have occurred subsequently’
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NewsLiP portal to undergo third stage of testing in new year
The Motor Insurers’ Bureau confirms that the online service is ‘85% ready’
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NewsLloyd’s broker enters professional indemnity and public liability cover for esports
The esports industry is estimated to generate $1.6bn (£1.2bn) by 2023
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NewsClarifying causation will be crux of Supreme Court ruling – Fenchurch Law
However, Supreme Court judges also suggest a public policy stance around pre-trigger losses
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NewsBought by Many rebrands to ManyPets in Sweden amid wider mission
Bought by Many in the UK will remain the same, but a new branch will be opened in Sweden
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NewsInsurance Times Awards finalist 2020 Q&A: GRP’s service proposition improves after key acquisition
Next month the winners for the Insurance Times Awards 2020 will be revealed at a virtual ceremony on 9 December
