Claims – Page 247
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NewsAirmic 2016: Insurance ripe for disruption because of 'weak' structures
The insurance industry is open to being disrupted because its structures are inefficient, according to QBE European Operations chief executive Richard Pryce. During a panel debate at Airmic yesterday about innovation Pryce said weak company structures meant that firms were struggling to deliver innovative products. He ...
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News‘Award matters’, say past Tech & Innovation Awards winners
What does winning an award mean to the successful entrant? How important is it to staff and customers? Here, two past winners reflect on the impact on their businesses of winning an award at the Insurance Times Tech & Innovation Awards. Click here today to give your ...
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NewsAirmic publishes clause ‘to protect’ against breach of fair presentation rule
Airmic has published a sample clause to be inserted into insurance policies which it claims will protect customers who innocently breach the duty of fair presentation introduced by the Insurance Act. One of the key parts of the Act is to replace the all-or-nothing remedy of ...
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NewsAirmic 2016: Cyber is biggest risk for insurance buyers
Cyber has ranked as the biggest area of concern for risk managers, according to a survey of Airmic members. The three areas of risk that gave members the most worry were cyber causing business interruption - cited by 45.5% of members as a top-three concern, cyber ...
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AgendaInsurers lack a ‘culture of innovation’, research says
Half of the members of risk managers’ association Airmic believe their insurers are “hardly innovative” or “not innovative at all” in developing relevant cover, according to research by Airmic. The report highlights that only 1% of Airmic members view their insurer(s) as “highly innovative”, and that ...
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NewsAirmic 2016: Insurance lack of innovation tops list of concern for risk managers
Lack of innovation in the insurance market tops the list of concerns for risk managers, according to a survey of Airmic members that asked them to assess the insurance industry. Some 59% of risk managers said lack of innovation dominated their list of concerns. Among the areas of growing concerns, ...
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AgendaAlmost two thirds of firms don’t have cyber insurance - survey
Nearly 64% of firms don’t have any cyber insurance, according to research by email security company Mimecast. The survey of 436 companies found that almost half (45%) of firms are unsure whether their cyber insurance policy is up-to-date. The research also found that 10% of companies ...
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Online onlyLiability claim notifications four times higher than pre-recession
UK professional and management liability insurance claim notifications have risen steadily over the last decade and remain four times higher than pre-financial crisis levels, according to a report by Marsh. Marsh, a global insurance broker and risk advisor, recorded that on the onset of the financial ...
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NewsEsure to review possible demerger of Gocompare.com
Esure announced a strategic review of its Gocompare.com business, including the possible demerger of the price comparison site it acquired full control over a year ago. The company said it has also appointed Matthew Crummack as chief executive of Gocompare.com, subject to to regulatory approval. “Now ...
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NewsTech & Innovation Awards 2016: Entry deadline next week
The deadline for entering the Insurance Times Tech & Innovation Awards is approaching fast, so be sure to get your entries in soon.
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Online onlyTech & Innovation Awards: Looking for this year’s technology stars
Nominations for the 2016 Tech & Innovation Awards close soon. Last year’s winners talk about the difference an Insurance Times Technology Award has made
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NewsTeenage 'ghost broker' jailed for a year for faking Allianz policies
A 19-year-old ‘ghost broker’ from Walsall has been jailed for a year for selling fake motor insurance to unsuspecting customers, leaving them uninsured and illegally driving on the roads. An investigation by the Insurance Fraud Enforcement Department (IFED) discovered that Azeem Mahmood Hussain was selling false ...
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NewsSwiss Re insurance arm launches UK-specific cyber cover
Swiss Re’s insurance unit Swiss Re Corporate Solutions has launched a primary cyber risk protection product specifically for the UK market. The new product, called CyberSolutions UK, combines insurance with risk mitigation and remediation services and is aimed at mid-sized and large companies. Swiss Re Corporate ...
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AgendaInnovation blog: Insurance needs to win the Internet of Things War
Pegasystems European Insurance director Tony Tarquini on how the insurance industry must change its mindset or find itself relegated to the fringes by the innovators and disrupters
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NewsExpert View: Innovation – consider the third approach
Innovation Group marketing director Stacey O’Connor on evolving the insurer business model
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NewsExpert View: Adopting a new mindset for change and innovation
SSP Chief Technology Officer Kevin Gaut says that adopting a different way of thinking will give insurers a foundation for change and innovation
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Online onlyInnovation blog: The win-win approach to insurance innovation
In their drive to improve customer and user engagement, insurers can profit from the insights of perceptive start-ups who understand their pain, says Startupbootcamp managing director Sabine VanderLinden
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AgendaInnovation blog: Insurtech trends are reshaping insurance
Chris Finney, partner at law firm Cooley (UK), on how peer-to-peer and crowd-sourced insurance are already making inroads into the industry
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Online onlyNeos chief exec: 'Insurance suffers from being conservative'
Neos chief executive Matt Poll, who left MoreThan after 15 years to create a home insurance start-up, explains the potential dangers for insurance companies of not engaging with their customers properly, and why they must be more agile with new ideas.
