Covid-19 – Page 26
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NewsLloyd’s reports £3.4bn in Covid-19 losses for 2020
The market believes its pandemic payouts will reach £6.2bn on a gross basis, which contributed to an aggregated loss of £0.9bn for 2020
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People & OpinionQ&A: Telematics "offers brokers more engagement with customers" – ThingCo
Martin Williams, chief operating officer of ThingCo, tells Insurance Times how next-generation telematics technology is helping motor insurance brokers prepare for a different world after COVID-19
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FeaturesIn Focus: New whiplash portal on the horizon – but are firms ready?
The countdown until the launch of the new Official Injury Claim portal has finally begun following February’s regulations – Insurance Times explores whether firms are operationally ready for the upcoming changes and what work is still left to do
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NewsInsurtechs warn insurers of pandemic ‘complications’ to flood claims
Policyholders need to adopt flood resilience measures in the same way they would implement safety tools to protect against burglary, says Previsico’s chief executive
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NewsDAC Beachcroft saves Aviva more than £12m in 2020 by identifying fraudulent motor claims
2020 also saw ‘significant changes’ in the types of motor claims fraud
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NewsBought by Many makes US debut
The insurtech has made its debut in the US following its success in Sweden under the brand name ‘Many Pets’
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IT InterviewQ&A: Ease of trading is our ‘bread and butter’ – Home & Legacy
Insurance Times speaks to Home & Legacy’s managing director Barry O’Neill about the latest developments of its e-trading platform
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NewsOxbow Partners identifies three key insurtech themes in latest report
Advisory firm Oxbow Partners has highlighted the three key themes to watch in its latest report
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FeaturesArdonagh ‘on cusp’ of solving BI issue before FCA test case halted project
In a call with media this morning, Ardonagh’s chief executive David Ross spoke about how an industry working group was ’on the cusp’ of finalising a solution for business interruption claims, but the FCA Supreme Court case put a stop to this
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NewsArdonagh full-year results proves our ’resilience and resolve’ – David Ross
The broker’s chief executive, David Ross says that the growth in results is a “testament to our culture of resilience and resolve”
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NewsTesco Bank reveals new travel insurance product with Covid-19 cover
The company has partnered with ROCK Insurance Group to manage its new product, while AXA Partners will provide the underwriting
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IT InterviewMore deals on the horizon beyond Brightside says Markerstudy’s Humphreys
The company’s group underwriting director believes ‘Covid has created opportunities for growth’, however office space may be scaled back following Brightside’s acquisition due to new, pandemic-influenced working patterns
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NewsInsurers paid out £472m in interim and final BI claim payouts following test case – FCA
The regulator calculated that 10,207 BI policyholders out of the 21,140 who have had claims accepted have received at least an interim payment
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NewsPet insurance insurtech aims to transform dog industry via partnership
The two firms share the same business values
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IT InterviewStanding for re-election as Insurance Institute of Manchester's next president – Broadway’s Eleanor Moore
Broadway Insurance Broker’s director of private clients Eleanor Moore tells Insurance Times about her plans as she stands for re-election as president of the Insurance Institute of Manchester
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News‘Bad behaviours’ have crept back into credit hire sector – Kirsty McKno
With part two of the whiplash reforms coming back into focus, the former CHO chair says the credit hire industry has ‘gone backwards’ and that ‘Covid has exacerbated’ the sector’s problems
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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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NewsPRA chief executive says regulator not interested in adding to its responsibilities
Sam Woods denies ‘the caricature of a rampant regulator intent on crushing the industry under a slow motion avalanche of new capital requirements’, but acknowledges that ‘a changing world requires a tough but flexible regulatory regime’
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NewsEcclesiastical blames Covid-19 for recorded £15.7m loss before tax in 2020
The insurer also paid out £18.7m for coronavirus-related claims ‘where there is confirmed cover’
