Commercial Lines articles – Page 65
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NewsDirect Line estimates extreme weather claims to reach £40m
The insurer says these potential claims are within its budget for the year
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AnalysisESG concerns look set to grow
’ESG reputation could become as important as product, service and price,’ says Allianz Commercial’s chief underwriting officer
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NewsDirect Line’s premiums slide by 2.4% during Q1 2022
The group put the hit to GWP down to the FCA’s pricing reform, but trading was ’broadly in line’ with its expectations
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NewsLloyd’s of London faces legal battle after Putin ‘swipes’ 500 planes
In March, the Treasury banned UK insurers and reinsurers from serving Russian firms
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NewsZurich UK enhances new small fleet policy for electric vehicles
The policy will now include a like-for-like EV replacement when customers use one of its improved repair networks
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AnalysisTinder Swindler case reinforces regulation requirement for flourishing dating metaverse
Although the Online Safety Bill may help combat romance scams, insurers and brokers should think about how they can protect customers from social engineering attacks
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AnalysisWhat broker schemes are proved to be most profitable in 2022?
Although one line of business is head and shoulders above the rest in terms of boosting brokers’ schemes-based commission, the Covid-19 pandemic is still having an adverse effect on some schemes’ popularity and uptake
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NewsMPs take aim at insurance sector in Building Safety Bill debate
One MP suggested that the insurance sector could be forced to pay for building remediation via new legislation
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NewsRSA understands its ‘products to the nth degree’ following BI test case
Commercial lines managing director says the insurance sector is now ‘better’ as a result of the FCA’s test case action
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NewsSMEs must ‘step up’ cyber security game amid Ukraine-Russia war – Aviva
Brokers have a key role to play in educating customers on cyber risk and resilience
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IT InterviewLee Mooney: RSA’s commercial lines business is ‘nothing without our broker partners’
RSA’s commercial lines managing director explains how the insurer’s three-pronged approach aims to improve broker service and encourage ‘growth mode’
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NewsSupply chain shocks and waning confidence amid Ukraine-Russia war – Allianz Trade
High energy prices have become a ‘top concern’ for European exporters since the war began
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NewsSpace insurance blasting off
New data shows continued growth and opportunities for the UK’s space insurance sector
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IT InterviewZurich reaps five star reward from constantly listening to broker feedback
The insurer has been steadily climbing the Five Star Rating Report rankings for both personal and commercial lines. Insurance Times finds out what is behind this trajectory
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AnalysisBrokers must not treat risk management as an ‘afterthought’
The ‘increased recognition of risk management’ should be welcomed by brokers, however those with a ‘simply transactional’ mindset may struggle to place risks, especially for SME clients
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NewsResidents at West India Quay demand commission fees disclosure from insurer
Zurich says it cannot release this information, however
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NewsCredit ratings agency retains ‘negative outlook’ on UK’s non-life insurance sector
Factors such as general inflation, increased claims costs and flood risk have contributed to the negative rating
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NewsChanging ransomware tactics could be a ‘good thing’ for cyber insurers
The insurance sector has a role to play in plugging cyber security gaps, says cyber risk expert
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NewsPrevisico inks Watertight deal to help mitigate insurers’ losses
The insurtech’s chief executive says it is a ‘perfect partnership’
