All Commercial combined articles – Page 2
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NewsAviva sued for alleged loss of income after Covid office closure
The law firm claims that Aviva owes them money for loss of income due to the Covid-19 pandemic
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NewsClaims Excellence Awards finalist 2021 Q&A: NPAI team responded ’dynamically’ to pandemic perils
The winners will be revealed at a free virtual ceremony on 27 May 2021, but delegates need to register in advance
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People & OpinionQ&A: We look to be clear and consistent in our underwriting approach - Covea
Keith Hector, director of commercial operations and distribution at Covéa reflects on the insurer’s success in the Insurance Times Commercial Lines Five Star Rating Report and how it intends to keep delivering for brokers and customers
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IT InterviewJacqueline McNamee: The insurtech MGA serving brokers ‘something different’
Ex-AIG boss McNamee has plans for C-Quence’s next chapter, including servicing its ’tremendous broker distribution channel’
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NewsBiba 2021: Day One
An expert panel at Biba’s conference yesterday debated the issues that arose from coronavirus-linked BI claims, and highlighted related upcoming issues
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Breaking NewsQuantum queries causing BI compensation logjam - Momenta Group
Up to one third of companies making business interruption claims during lockdown are still waiting for compensation
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NewsMGA Arkel scoops ex-Sure Thing! motor pricing director as new chairman
The new hire previously worked in a senior role at Sure Thing! and he brings over 15 years of experience in personal lines to the team
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NewsWolseley restaurant owner in battle over business interruption payout
The FCA test case ruled in favour of the majority of policyholders, however some businesses are still allegedly struggling to get payouts
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NewsGovernments must be ‘the leading players’ in insuring BI risk
Governments and insurers ‘must work together’ to close the protection gap, says insurance think tank
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FeaturesBriefing: Firms must show consistency to rebuild client trust
As the industry emerges from the tangle of policy wordings unraveled during the FCA’s business interruption action, the case for consistency from insurance businesses has never been clearer
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IT InterviewPhil Barton: Industry has become ‘incredibly lazy’ in providing advice
The future of commercial broking relies upon moving away from ‘a transactional approach’ to instead embrace partnerships and a clearer client focus
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IT InterviewStephen Catlin: There’s ‘more pain to be suffered’ as market remains in Covid-driven ‘turmoil’
The direct market is assuming control from reinsurers to steer pricing corrections, while the ‘far-reaching financial consequences’ of the pandemic are yet to be fully understood by the industry, says (re)insurance chief executive
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NewsClose Brothers Premium Finance urges brokers to ‘change gear’
Brokers ’need to change gear and do their bit to bring about a full recovery in 2021’, says financial services organisation
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NewsInsurers have paid £600m in interim and final BI claims payments
Around 13,670 BI policyholders out of the 35,438 who have had claims accepted have received at least an interim payment
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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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NewsInsurers paid out £472m in interim and final BI claim payouts following test case – FCA
The regulator calculated that 10,207 BI policyholders out of the 21,140 who have had claims accepted have received at least an interim payment
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FeaturesInsurers must revisit unclear policy wordings to ‘rebuild bridges with customers’
The FCA’s test case action brought ambiguous business interruption policy wordings to the fore, however the final judgment will very likely have ramifications across numerous lines of business. Insurance Times takes a closer look at the impact on insurers and brokers
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FeaturesOpinion: Test case opens industry’s eyes to depth of expectation gap
Editor Katie Scott believes the momentum around getting to grips with the expectation gap has escalated following the FCA’s test case result - insurance leaders are now preparing to tackle this head on for 2021
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News‘There’s no point looking backwards’ at industry’s BI woes says economic secretary
The economic secretary to the Treasury told online delegates that the insurance industry ‘will play a very significant role’ as the UK emerges from the coronavirus lockdown, but that it has to look to the future rather than mull on past grievances
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