Commercial Lines articles – Page 83
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News AnalysisCovid-19 pandemic exacerbates fine art insurance’s hard market conditions
The art sector is heavily reliant on social contact, so the uncertainty of the coronavirus lockdowns have created added risks and challenges from pushing sales online
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NewsSpecialist Risk Group recruits new broker team
The move aligns with the group’s plans to expand its international expertise
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NewsPeach Pi reveals its first broker etrade platform
It hopes to better support small community businesses during challenging times, such as the Covid-19 pandemic
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NewsAston Lark buys Irish broker
Aston Lark has made four acquisitions this month – its latest purchase precedes a rebrand for its Irish division
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NewsAviva strives to strengthen broker relationships to regain star rating
The insurer plans to use a data-led approach to match brokers’ clients with suitable cover following mixed results in Insurance Times’s Five Star Rating Report: Commercial Lines 2020/21
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IT InterviewMarkel UK crowned three-time champion in five-star commercial lines report
Markel UK has received a five-star rating from brokers for three years running in Insurance Times’s Five Star Rating Report: Commercial Lines. The insurer shares the secrets of its success and explains why the pandemic was a key opportunity
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NewsBusinesses told to take off Covid blinkers and consider longer term risks
Commercial insurance managing director says businesses ‘have a responsibility to act today to ensure a better tomorrow’ by tackling emerging risks and not solely focusing on today’s threat actors, such as the pandemic
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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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NewsCovid-19 pandemic sees opportunistic fraud increase
At Insurance Time’s first Fraud Charter roundtable of the year, held virtually, delegates pointed out that opportunistic fraud has risen, for example via scams such as door knocking
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NewsRevealed: Two commercial lines insurers awarded five stars each by brokers
The results are in from this year’s Five Star Rating Report: Commercial Lines – which insurers and brokers were ranked as best in their field? Can you guess?
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NewsZego becomes ‘first insurtech unicorn’ after raising $150m
The insurtech will use its latest funding to fast-track growth in commercial motor
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NewsAverage home insurance premiums drop 1.2% despite accidental claims uptick
But London remains the most expensive region for home insurance
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NewsDirect Line Group gunning to be the ‘insurance company of the future’
In a live video stream this morning with journalists, Direct Line Group’s chief executive Penny James said the insurer hopes to support customers across their entire insurance lifecycle via a fully digital ecosystem
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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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NewsCovid-19 pandemic creates new cyber threats
A recent Insurance Times webinar, sponsored by CGI, took a look at the evolving cyber threats arising in the wake of the Covid-19 pandemic
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NewsSpecialist Risk Group makes fourth acquisition this year
The acquisition ’perfectly complements’ SRG’s goal, according to chief executive Warren Downey
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Online onlyBriefing: Insurers facing broker backlash for Covid service
Insurance Times Five Star Rating Report: Commercial Lines is about to be released. This broker survey of insurer service will show some players are performing poorly
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IT InterviewGRP to supercharge growth of Marsh UK Networks amid acquisition spree
Mike Bruce, chief executive at GRP, tells Insurance Times about his plans for 2021 following three acquisitions in the first quarter of the year
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NewsPaying cyber ransom threats is to ensure customer survival says expert panel
Although a ‘contentious area’, industry leaders said cyber insurers that pay customers’ ransom payments are simply aiming to make ‘sure our customers survive after a particularly unpleasant incident’
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NewsZurich promotes new commercial insurance chief executive
The insurer’s former chief executive of commercial insurance is leaving the business to pursue other opportunities
