Claims – Page 99
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NewsFSCS exceeds 2022 board representation target
The FSCS also has 40% of employees that come from ethnically diverse backgrounds in addition to exceeding its gender target
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NewsInsurers must ‘do more’ to support UK motorists driving less post-lockdown
Cheaper car insurance premiums ranked top in By Miles’s research as a way that insurers can support policyholders who are driving less - this helps continue the low carbon emissions seen during lockdown
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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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NewsArtificial intelligence will need regulatory governance for use in insurance processes
Panellists at an Insurance Times webinar highlighted that although artificial intelligence and machine learning will increase within the insurance sector, there will need to be governance introduced around it to ensure ‘the machines know what they’re doing’
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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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NewsDigital momentum here to stay post lockdown
Move to digital seen a gradual process rather than a rush
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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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News‘It’s not the size of your cloud that matters, it’s what you do with it’ – SSP
The cloud has been critical to saving the insurance industry time and money, but it is less about size and instead depends on how firms use it. An expert panel discuss its use and overall impact during an Insurance Times webinar
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NewsThe legacy of Covid-19 will be the end of legacy – how a global pandemic is accelerating the adoption of cloud platforms
Industry experts discuss the change in business approaches as insurers decide whether Covid-19 reactions are a ‘one-time thing’ or have ‘fundamentally changed the fabric of the business’
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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…
