Commercial Lines articles – Page 72
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NewsGoDaddy cyber attack yet another ‘wake up call’ to insurance industry – CyberCube
Cyber insurers need to be on their guard when it comes to single point of failure cyber attacks, recommends cyber analytics firm
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AnalysisExploring the trade credit insurance landscape post-Covid – ABI
Business failures in the UK set to grow 33% as 2022 approaches, according to Atradius data - but what does this mean for the trade credit insurance sector?
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NewsZurich launches initiative to help flood-stricken customers build back better
The insurer aims to reduce its carbon footprint and help customers that are victims of repeated flooding
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NewsEmployers’ liability insurance has low penetration in UK SMEs
The penetration rate for EL cover has gradually fallen over the last four years, signposting the need for greater education around this type of insurance, says data and analytics business
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NewsAxa UK hires new chief operating officer for commercial business
The new hire will also join the commercial executive committee, succeeding Tim Yorke
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NewsMcLarens confirms exclusive affiliate in Poland
Focusing on commercial claims, loss adjusting firm co-owner called the partnership ‘a great fit’
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IT InterviewHiscox paying up to 800 BI claims a month despite policyholder information struggle
Outgoing chief executive confirms that the insurer has accepted around 10,000 business interruption claims linked to the Covid-19 pandemic
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AnalysisParametric products will have role to play in closing protection gaps
Broker and insurer collaboration will be vital to create parametric ‘products that will meet the challenges of new risks and rising demand’
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NewsFilm and TV production Covid support scheme extended following broker support
Tysers director described the move as ‘fantastic news’ because the scheme ‘was the only way to get projects back into production and the industry back on its feet’
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NewsShift in claim trends creates demand for new talent in property insurance
Utilising educational institution career fairs and in-house development are key ways to attract new, younger talent to the sector
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NewsAxa’s new oil and gas policy has ‘derailed’ its net zero ambitions – Reclaim Finance
Despite introducing exclusions, the insurer has left a cover loophole, enabling it to continue insuring oil and gas expansions, says NGO
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NewsHSB signs acquisition deal with specialist construction group
The deal will ‘expand our core insurance offerings into the structural warranty arena’, says insurer managing director
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IT InterviewIan Lloyd: Iprism reflects on ‘strong improvement’ in Insurance Times’ MGA Survey
The MGA has set itself a high bar ’to continue to find new ways to meet and exceed the standard of service that brokers have come to expect’
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AnalysisIn Focus: How will the increasing price yet declining availability of car parts affect the claims process?
Industry experts discuss how car part avaliability issues are affecting the claims process
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NewsFloodFlash expands relationship with reinsurer to strike capacity deal
Insurtech boss says the partnership will ‘set the standard for how underwriters and insurtechs can work together to address industry issues’
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NewsNearly a quarter of SMEs buy cyber cover due to remote working uptick
Around a fifth of small to medium-sized businesses bought cyber cover due to a broker’s recommendation, says analytics firm
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NewsGeo Specialty broadens UK political violence and terrorism BI cover
Cover will also include the increased cost of working while clients are unable to access their premises following an attack
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AnalysisProperty insurers fall to underwriting loss as Covid-19 and climate change hit hard
Business size affects insurers’ buoyancy in the property insurance market after 2020 brought business interruption claims and storm losses to firms’ doorsteps
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NewsGlobal commercial insurance prices up 15% in Q3 2021 - Marsh
Despite pricing levelling out in certain lines of business, the insurance industry needs to be ready as the ‘pressure on rates in cyber insurance’ continues, says broker president
