Covid-19 – Page 17
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IT InterviewMGA Q&A: Hard market is ‘obvious concern’ ahead – NBS Underwriting
NBS Underwriting’s managing director, Steve Cowman speaks to Insurance Times’s Savan Shah about what he deems the ’obvious concern’ which is the hard market and following this reduced capacity
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NewsHiscox reaches settlement with BI action group
The settlement is in line with the Supreme Court judgment
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FeaturesThe Big Question July – August 2021: With mental health in mind, what should the insurance industry consider as staff return to the office post-lockdown?
With lockdown restrictions easing, many people are no longer working from home. With employees’ mental health in mind, Insurance Times asks the sector what it should consider as staff return to the office post-pandemic
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NewsLondon market told to maintain pace of change post-pandemic
Plus, capacity is not keeping pace with the rapid increase in demand for cyber insurance, adds Hiscox chief underwriting officer
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IT InterviewJohn Fowle: Time to focus on core relationships and ‘deliver on our promises’
Following Chaucer Group’s acquisition by China Re in 2018, now ‘is the time for growth’ says chief executive
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IT InterviewMGA Q&A: ‘Listening to our brokers is key’ amid challenges and ongoing uncertainty – Victor Insurance UK
Victor Insurance UK’s managing director, John Stephenson speaks to Insurance Times about the challenges ahead for the insurance market and why listening to brokers is key
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FeaturesBriefing: Time is running out for summer festivals seeking Covid inclusive event cancellation cover
A new report by the Public Accounts Committee recognises that festivals are facing a ‘survival threat’ without adequate insurance for Covid-linked event cancellation
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News‘Risk exposure changes’ driven by changing Covid-19 lockdown measures – IFoA
The Institute and Faculty of Actuaries (IFoA) has highlighted a further challenge for general insurance pricing - how ongoing lockdowns should be considered within risk rates going forward
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FeaturesIn Focus: How will insurers take the BI test case ruling forward post-pandemic?
Industry experts debate how insurers might apply the FCA’s business interruption (BI) test case ruling in a post-pandemic era, as July marks one year since the High Court’s virtual hearing
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NewsLuigi Maggio: Brokers must ‘be much better prepared for clients’ due to homeworking lag times
Moving forward, brokers need to navigate clients’ ‘wariness’ of the insurance sector following the FCA’s business interruption test case
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NewsBrits believe insurance sector didn't offer enough pandemic support – Guidewire
Guidewire’s MD for EMEA says insurers have experienced a ‘rough journey’ during the pandemic, however ’the opportunities to remedy indifference, even negativity among customers, are very achievable’
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IT InterviewMark Pierce: HNW sector experiencing claims cost uptick due to ‘sharp increase in building costs’
However, the sector is already returning to in-person visits so clients can access ‘the hands-on, professional approach and experience of an adjuster’
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FeaturesBrokers that failed to invest in tech pre-pandemic ‘exploited’ by rivals – Aviva
Etrading commercial combined policies presents a “key opportunity” as brokers look to digitally trade more complex covers moving forward, says expert panel
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IT InterviewMGA Q&A: Business interruption crisis highlights ‘very little’ known about insurance cover – DOA Underwriting
DOA Underwriting Ltd’s director Phillip Oliver tells Insurance Times why the business interruption crisis demonstrated that ‘very little’ is known about insurance as well as discussing this year’s MGA survey
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FeaturesBriefing: Test case was tip of the iceberg as insurers continue to wade through BI claims
Time flies when your claims function is inundated with business interruption claims – this week marks a year since the FCA’s initial test case hearing
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FeaturesIn Focus: Broker litigation ‘inevitable’ one year on from FCA’s BI test case
Brokers are ’still squeaky about whether they advised their customers correctly about the products they were buying’
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NewsCovid erodes macroeconomic resilience - Swiss Re
Insurance resilience is lowest for natural catastrophes, with the protection gap growing to a record $1.4 trillion
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NewsInsurers have paid more than £750m in interim and final BI payments to date
The FCA calculates that 20,347 policyholders out of 37,702 who have had BI claims linked to the test case action accepted have received at least an interim payment so far
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NewsConstruction and manufacturing sectors among top users of credit to cover insurance costs – Premium Credit
The firm’s chief sales and marketing officer says commercial insurance prices have been ’rising dramatically’
