Claims – Page 98
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IT InterviewABI’s Huw Evans says ‘unpopular’ stance around BI Covid claims was the right call
He adds that the trade body was ‘right to be very open with people’ in order to mitigate ‘a false expectation that they may be covered’
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NewsFiducia teams up with Lloyd’s syndicates to offer NBCR cover
The standalone policy, targeted at regional brokers, aims to provide a cost-effective solution to limited Pool Re cover
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NewsGeneral insurance direct written premium set to fall by 1.7% in 2020 due to Covid-19
The lasting effects of the coronavirus crisis means that GI DWP will not return to previous levels until beyond 2023, predicts analytics company
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NewsConstruction sector insurance premiums sees ‘turbo charged’ increase since lockdown
As the construction industry sees premiums soar significantly since lockdown, Mactavish emphasises the importance for construction firms to review their insurance programmes as renewals approach
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FeaturesCovid-19 pandemic has created ‘an opportune market for ghost brokers’
Industry experts assemble for Insurance Times’s latest virtual Fraud Charter roundtable, identifying the key fraud trends that have emerged as a result of the coronavirus outbreak
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NewsAgeas sees COR improvement as result of reduced motor claims
Ageas remains committed to its staff, stakeholders and customers despite the uncertainty of the pandemic as it sees improvements in its COR, as well as GWP in household
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NewsTrack My Risks chief exec urges insurers to commit to building safety amid soaring high-rise premiums
With the draft Building Safety Bill 2020 underway, the chief executive of not-for-profit firm the Building Safety Register is seeking to evolve into its own organisation during this very challenging time that leaseholders are facing
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NewsIrish regulator mirrors FCA by publishing supervisory framework to clarify Covid BI claims
The Central Bank of Ireland ‘expects firms to adopt a customer first approach to the resolution of business interruption issues’
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NewsAviva pays Covid-19 BI claims under broker wordings despite ‘not covering pandemics’
Amanda Blanc confirms that the insurance industry has ‘some work to do’ in order to bounce back from the reputational onslaught resulting from the FCA’s test case on business interruption wordings
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FeaturesInsurtech Digital Risks reveals SME plans after rebranding as Superscript
As the SME landscape has shifted due to the Covid19 pandemic, Superscript formerly known as Digital Risks has rebranded to serve the needs of these businesses more closely, here the insurtech reveals its plans to Insurance Times
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IT InterviewAviva’s H1 personal lines figures are a ‘disappointing result in every respect’ says Holmes
The insurer’s UK general insurance chief executive also admits that Aviva is paying some Covid-related business interruption claims where they fall under broker wordings and coverage is clear
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NewsCovid-19 pandemic impacts AXA’s underlying earnings
Despite the Covid-19 pandemic AXA said its “well positioned” as a group and remains resilient in these challenging circumstances
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NewsAviva takes substantial hit from Covid-19 claims
Pandemic-related claims had a significant impact on the insurer’s interim results
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IT InterviewCovid-19 claims inflation expected for 2020 H2, says Hastings’s Worth
The firm’s group chief financial officer explained that increased claims severity seen in H1 could continue due to the national uncertainty surrounding the coronavirus pandemic
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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
