Claims – Page 74
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NewsCovid clauses creating new D&O concerns
Recent moves by insurers to include broad Covid-19 exclusion clauses may have significant ramifications for the D&O sector
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NewsShed and garage home office spaces could pose risk for insurers – Aviva
In its latest research, Aviva reveals that only a third of people have a designated home office space in their property
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FeaturesIndustry demands change to build sustainable construction PI market
Trade association believes historic liabilities following 2017’s Grenfell Tower tragedy will lead to current claims exposure for insurers providing professional indemnity within the construction sector
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NewsUK insurers warned of big challenges and put on ‘negative’ outlook
AM Best places UK insurers on negative outlook amid major challenges
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NewsMotor insurers expect usage-based pricing models to be standard in four years – By Bits
Technology was found to be the biggest obstacle for the industry in meeting changing customer needs
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NewsWhiplash reform rules are ‘cumbersome’ and reflect ‘a big change coming’ – Sabre
The insurer’s chief executive further believes policyholders may not reap the expected premium discounts following the implementation of part one of the whiplash reforms this May
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NewsSaga’s full year results suffer due to ‘significant impact of Covid-19 on travel’
The company said travel insurance profitability reduced by £98.3m in the 12 months to 31 January 2021
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Sponsored ContentPreparing for the long anticipated whiplash reforms – Davies Group
In Insurance Times’s April 2021 issue, Davies Group’s Stacey Goodchild on how the company is getting ready for the launch of the Ministry of Justice’s Official Injury Claims portal at the end of May
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People & OpinionQ&A: Whiplash reforms: The good, the bad and the unintended – Gallagher Bassett
Gallagher Bassett’s UK technical director Andrew Sewell tells Insurance Times what the incoming whiplash reforms will mean to insurers and claims handlers, particularly around the increased risks of fraud
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Sponsored ContentSwitch on to cyber, the growing risk – Aviva
In Insurance Times’s April 2021 issue, Aviva’s head of cyber insurance Neil Arkle discusses the importance to all businesses of having cyber security in place and how brokers can help clients reduce their vulnerability
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Sponsored ContentNew claims portal is not answer to all fraud woes – Carpenters Group
In Insurance Times’s April 2021 issue, Donna Scully, director at law firm Carpenters Group discusses the ins and outs of the new Official Injury Claims portal
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IT InterviewSabre has ‘been able to hold our nerve’ during pandemic lockdowns
The insurer’s chief executive says that putting prices up year-on-year was the ‘right stuff’, enabling the firm to now ‘stand still’ as its competitors scramble to implement price increases to mitigate Covid discounts
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News360Globalnet warns UK motor insurers of unforeseen data ‘quicksand’ from OIC portal
The insurtech has warned that free text data entry in the new Official Injury Claim portal could lead to insurers being overwhelmed by data
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NewsBrokers aim for ‘trusted advisor’ status with SME clients – Premium Credit
The financial organisation’s latest research also reveals ‘worrying’ trends around paying for business insurance due to Covid-19’s direct impact on SMEs
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NewsWhy more data is not always better – InsTech London
In its latest report, InsTech London warns that too much data can be counterproductive and pose problems for brokers
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NewsHow location intelligence could serve insurers and brokers – InsTech London
In its latest report, InsTech London discusses how location intelligence might benefit the insurance industry and how some firms are already tapping into it
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NewsUK brokers boast stronger relationships with clients than pre-pandemic – GlobalData
The data analytics and consulting firm also found that nearly half of brokers’ clients are interested in finding out about coverage gaps following the pandemic
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News AnalysisSuez Canal blockage leaves ‘(re)insurers significantly exposed to business interruption risks’
As the Suez Canal reopens, the insurance industry is bracing itself for huge losses ‘made up of compensation for delays’ and covering ‘potential damage to cargo’
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NewsRevealed: Claims Excellence Awards finalists 2021
A record number of entries across 18 categories have made it onto the shortlist for Insurance Times’s Claims Excellence Awards this year – did your firm make the cut?
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FeaturesBriefing: Pandemic impact on financial results is not over yet
Insurers’ 2020 full-year financial results show an economic landscape strewn with losses and colossal Covid claims costs. This will undoubtedly carry over into 2021 in some capacity, wrecking further trouble on balance sheets
