Commercial Lines – Page 76
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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
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NewsBrokerFest 2021: Regulation bar will be ‘a lot higher’ for brokers selling to SMEs
Industry experts predict more regulation to be incoming around insurance for SMEs as the regulator wants these firms to be treated ‘like personal lines customers’
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NewsBrokerFest 2021: Sustained period of cyber market hardening must be fully understood
Ransomware demand ’is 20 times more than what we saw in 2018’, says MGA’s head of cyber
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NewsBoom in business protection complaints show customers still feel ‘hard done by’ – Insurance DataLab
Despite the High Court’s ruling to clarify business interruption claims, complaints have increased more than fourfold over the last year
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AnalysisCO2 crisis could spark fresh demand in supply chain cover
Climbing CO2 prices have put pressure on the national and global supply chain, subsequently affecting Covid-hit SMEs
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NewsLockton launches crisis management division
The new unit will be led by head of crisis management Matt Humphries
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NewsBrokerFest 2021: SMEs face underinsurance risk around intangible assets
Although cyber cover for SMEs is a ‘tough sell’ for brokers, these businesses should be encouraged to seek expert advice ‘because they won’t understand intangible risks as well as brokers do’
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NewsBrokerFest 2021: Businesses struggling to keep pace with hardening cyber market
With ransomware and cyber threats constantly evolving, CyberCube’s chief growth officer discusses what brokers can do to help clients in a hard market
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NewsBrokerFest 2021: Hybrid working heightens reputational risk for SMEs
Reputational risk is high on businesses’ agendas as many firms have now switched to hybrid or home working models
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NewsBrokerFest 2021: Parametric insurance provides efficiency and business resiliency – FloodFlash
The ‘most exciting’ development in parametric insurance is its use in non-damage business interruption, says broker success manager
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IT InterviewIan McCarron: Broker was ‘scared’ yet pandemic provides ‘more positives than negatives’
Despite its annual premium eroding by 65% during the Covid-19-related lockdowns, the business is now ‘on track’ to achieve 30% ahead of budget
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AnalysisBriefing: Are MGAs stealing the service limelight from insurers?
Feedback from brokers at BrokerFest 2021 highlights lagging insurer service and a greater appetite to work with MGAs in their stead – will these businesses cash in on this gift-wrapped opportunity?
