Claims – Page 104
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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
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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
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Online onlyCovid-19 claims push Zurich into the red
But new business and retention was up for the first of the year
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NewsThingCo aims to expand globally after tapping telematics veteran Martin Williams as new COO
With the telematics market making a comeback due to people’s driving behaviour changing over the course of the UK’s lockdown, Martin Williams ThingCo’s new board director and chief operating officer tells Insurance Times why it is the perfect time to roll-out Theo as the insurtech aims to go global
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NewsCar claims on the rise, but may never return to pre-Covid levels says Admiral boss
Shifting consumer trends brought about by lockdown makes predicting claims cost and frequency more difficult
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NewsAdmiral profits surge as fewer lockdown claims slice chunk off combined operating ratio
Like its peers Hastings and Direct Line, Admiral has benefited from a fall in claims frequency during lockdown
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NewsLloyd’s Lab chooses ten insurtechs for fifth cohort specialising in Covid-19
It is only the second virtual Lloyd’s Lab to be run and this time the ten selected insurtechs will focus on pandemic solutions
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IT InterviewInsurance market has been the ‘fall guy’ of the Covid-19 pandemic
Lawyer says that the ‘insurance industry is fundamental’ and that it ‘needs to be supported rather than just attacked’
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NewsInsurers shine spotlight on shipping container loss incidents
The extent and pace of growth in container volumes have put strains on a wide range of operational procedures
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NewsBrokers urged to capitalise on post-Covid cyber demand as homeworking become the norm
Less than half of cyber policies are distributed through the broker channels
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NewsCar insurance claims for injured cyclists and pedestrians has doubled during lockdown
Insurer More Th>n suggests the number of cyclists and pedestrians has increased as Brits look to avoid public transport during the Covid-19 pandemic
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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
