Covid-19 – Page 18
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NewsConsumer group questions extent of Covid cover in travel policies
Analysis of 263 travel insurance policies reveals that only 3% of policies protect against policyholders failing to travel due to a need to quarantine on their return
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IT InterviewJeffrey Skelton: Industry could be entering ‘renaissance period’ for new insurance products
Plus, the FCA’s general insurance pricing reform has encouraged brokers to use data enrichment at renewal to ensure prices are ‘accurate’ says Europe MD
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NewsInsurance sector could fork out up to $3bn for Tokyo Olympics cancellation
The International Olympic Committee is pushing ahead for the games to be conducted safely
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NewsLack of cover leaves SMEs exposed to cyber attacks – Aviva
Over three-quarters of businesses do not have any cyber insurance cover in place, despite escalating digitisation
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NewsAXA France offers €300m BI settlement to 15,000 restaurant clients
Settlement offers are expected to be available between 21 June and 20 September 2021
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FeaturesIndustry braces as full effect of pandemic and whiplash claims reform coinciding yet to be seen
Long Covid could add an extra layer to coronavirus disease claims, however establishing causation will prove difficult, says roundtable attendees
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NewsCrash for cash scams still ‘a strategic priority’ as lockdown offers organised fraud opportunity
Crash for cash fraud is ‘still alive and well’ despite the Covid-19 pandemic meaning Brits are driving less, said expert industry panel
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NewsRSA pays over £80m for UK Covid claims to date
The insurer’s chief executive for UK and international admits that ‘perfect information’ is not needed ‘to make part payments’
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NewsInsurtech funding rounds in 2021 break pandemic gloom – GlobalData
GlobalData’s insurance analyst says that as insurtech continues to grow, there could be some ’real contenders’ to the major insurers
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IT InterviewTara Parchment: HNW expertise and advice is ‘irreplaceable by technology’
Building relationships and client trust in products will enable the ‘very best of the high net worth insurers to shine’
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NewsUK motor insurers expected to make losses in 2021 and 2022
Premiums are set to drop by 6% this year due to changes in car usage and the whiplash reforms
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NewsLloyd’s to develop underwriting room future vision for post-pandemic working
Lloyd’s boss believes that this year, the marketplace offers a ’once-in-a-generation opportunity’
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NewsAon using IoT to cover Covid-19 vaccine supply chain is ‘game changer’ says GlobalData
The insurer can establish trigger points, leading to faster claims settlements
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NewsSimply Business partners with RSA to launch SME shop insurance
Supporting small businesses will be ‘crucial’ in the industry’s ‘collective recovery’
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IT InterviewScott Egan: There will be ‘no radical about-turns’ in RSA’s strategy following Intact takeover
Instead, RSA’s new owners will help the insurer ‘accelerate our plans’ around ‘outperformance’
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FeaturesLloyd’s boss John Neal has ‘big ambition’ to build the most advanced insurance marketplace
Neal says he is ’particularly encouraged by the human spirit of colleagues across the market during an exceptionally tough period’
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NewsBackchat June 2021
Crash for cash gang hotspots, charitable insurers and the insurance product people complained about most over lockdown. What has the insurance industry been up to this month? You heard it here first…
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FeaturesEtrading assists broker resilience, but delayed referral times cause frustration
Etrading rather than ‘e-transacting’ needs to be the focus moving forward if insurers and brokers are ‘to really develop a meaningful understanding of the business and opportunities’
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FeaturesOpinion: Claims shop window applauded for pandemic-driven innovation
Editor Katie Scott explains why this year, celebrating claims excellence is all the more pertinent
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IT InterviewJohn Read: Hard market is brokers’ ‘saviour’ for preserving earnings
With the hard market ‘still here with a vengeance’, brokers face ‘additional difficulties’ in explaining the impact on premiums to clients
