Commercial Lines – Page 65
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News AnalysisAllianz Holdings describes communication with brokers as ‘great success over 2020’
Chief executive says virtual methods have allowed the insurer to stay in touch with brokers ‘to a greater extent’
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NewsABI members predicted to pay £2.5bn for Covid-19 claims incurred in 2020
The ABI’s director general believes the industry needs ‘to learn lessons from this unprecedented event’
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FeaturesAllianz Insurance exposed to BI claims through broker wordings
Chief executive adds that the insurer has seen 3,000 new business interruption claims following the Supreme Court’s judgment in January
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NewsAllianz Insurance sees 5.6% drop in GWP due to Covid-19 impact
The insurer says the total impact of coronavirus-related business interruption claims is £175m, net of reinsurance
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NewsMotor insurance premiums predicted to fall by up to 10% in 2021 – PWC
Home insurance premiums are also expected to decrease by 4% to 8%, says the professional services firm
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NewsRock Insurance Group reveals new underwriting agency
The underwriting agency looks forward to building successful broker partnerships
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NewsCGI Insurance completes rebrand as Partners&
Partners& chief executive says CGI was the ‘perfect fit’
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NewsPIB Group-owned Cobra Network ranks Aviva as insurer partner of the year
Cobra Network Underwriting Agencies and Zurich are also recognised within the network’s annual member survey results
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NewsLloyd’s warns syndicates of ‘increasingly high risk’ cyber attack threats from Internet of Things devices
Lloyd’s worked in partnership with CyberCube and Guy Carpenter on its new report for syndicates, designed to support their understanding of emerging cyber risks
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NewsRegulator warns capital markets will need to be part of future BI provision
The future provision of business interruption insurance is likely to require the use of alternative risk transfer solutions given the lessons learned from Covid-19
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NewsBuilding Safety Register reveals new manifesto
The Building Safety Register’s co-founder hopes the manifesto will provoke wider discussion over the implications of building safety for the insurance market, as well as highlight risk management measures
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NewsSimply Business selects insurtech MGA as health insurance provider for new proposition
The first phase will see the insurtech unveil its health insurance plan for the self-employed
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NewsDemand for commercial property insurance quotes drops by 49% - Quotezone
High street takeaways were tipped as being the most resilient for this line of insurance
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NewsBiba backs government’s extra £3.5bn cash injection to address cladding dilemma
The trade association will continue working with government to deliver a targeted, state-backed indemnity scheme
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NewsAllianz Insurance has issued BI claims pay outs on 75% of valid claims
At the end of January 2021, the insurer had made 1,832 interim and final BI claims payments
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NewsInperio to offer reduced professional indemnity premiums to solicitors via new partnership
Solicitors have had a tough time with professional indemnity insurance, but the MGA hopes to offer clients a quick and easy way of getting cover remotely
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NewsManifesto 2021: Biba to explore basic insurance requirements for e-scooters
The trade body sees Brexit as a opportunity to undo the Vnuk ruling too
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NewsManifesto 2021: Biba to work with government on cladding insurance issues post-Grenfell
In Biba’s latest manifesto themed ‘Resilience’ launched today, the trade body has deemed the ongoing problems with cladding for professional indemnity insurance and buildings insurance “vital to resolve”
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NewsGovernment in talks with insurers over rising D&O cost
Widespread concerns that small businesses in particular are struggling to meet the cost of rising D&O premiums
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NewsIrish High Court rules against insurer FBD in Covid-linked BI claims case
The ruling could impact claims made by around 1,000 Irish pubs and restaurants
