Covid-19 – Page 27
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NewsFraudsters cause spike in motor insurance claims during 2020
Product manager warns that insurance firms need to be ‘alive’ to changes in fraud and ‘understand what lessons can be learned’ moving forward
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NewsDespite current ‘trickle’ of home working claims, fraud ‘inevitable’ – Clyde and Co
Panellists at March’s Fraud Charter event agreed that fraudulent claims linked to home working were ’inevitable’ and that the rise in spoofing needs to be dealt with, either by the CMA or the Online Harms Bill
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NewsLockdown accelerates Aviva’s online trading by 20%
The insurer hopes to continue investing in its direct business, as well as its commercial, broker and bank channels
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NewsPeach Pi reveals its first broker etrade platform
It hopes to better support small community businesses during challenging times, such as the Covid-19 pandemic
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FeaturesBrexit unlocks opportunities for solvency II reform
Industry commentators believe there is ‘room for improvement’ around the solvency II regulations as Brexit heralds an opportunity to shape the rules to better suit UK businesses
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IT InterviewQ&A: Commitment has always been offering ‘e-trade with a human touch’ – QBE
Insurance Times speaks to QBE’s etrade development manager Corinne Pringle about the latest developments on the QBE Fastflow platform
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NewsSwift claims settlement is key to rebuilding Covid-hit reputation says legal alliance
The law firm network also predicts that virtual legal hearings will become the norm moving forward and that liability risks surrounding the Covid-19 vaccine roll out could contribute to claims increases
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IT InterviewQ&A: Big data analytics driven products replacing humans a ‘misconception’ – LexisNexis Risk Solutions
Eleanor Brodie, data science manager at LexisNexis Risk Solutions tells Insurance Times about the biggest misconceptions with data in the industry and why tapping into it could be an asset
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NewsInsurer looks to enhance broker partnerships with dual initiative launch
Allianz uses future-focused campaign to ‘work with our brokers on initiatives that develop resilience at an individual, company and societal level’
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NewsSabre puts drop in GWP down to recurring lockdowns
The insurer believes that it is well positioned as lockdown unwinds
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NewsMGAs set to explore new ways to access capacity
In the hunt for capacity, some MGAs are turning to financial centres such as Guernsey and Gibraltar, adds Robus Risk Services
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NewsAviva strives to strengthen broker relationships to regain star rating
The insurer plans to use a data-led approach to match brokers’ clients with suitable cover following mixed results in Insurance Times’s Five Star Rating Report: Commercial Lines 2020/21
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NewsInsurers must change their approach to fraud post-whiplash reform - Kennedys
Despite the reforms’ intention of reducing fraud, law firm partner believes the threat of fraudulent claims will remain the same after 31 May
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News AnalysisNo code technology – an untapped opportunity for the insurance sector?
No code technology could be an untapped opportunity for the insurance industry and the London market at a time when digitalisation is vital due to homeworking.
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NewsSports broker accused of denying group of Football League clubs business interruption payouts
The clubs allege that they have lost millions of pounds as fans have been kept off football grounds since June last year
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IT InterviewMarkel UK crowned three-time champion in five-star commercial lines report
Markel UK has received a five-star rating from brokers for three years running in Insurance Times’s Five Star Rating Report: Commercial Lines. The insurer shares the secrets of its success and explains why the pandemic was a key opportunity
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NewsBusinesses told to take off Covid blinkers and consider longer term risks
Commercial insurance managing director says businesses ‘have a responsibility to act today to ensure a better tomorrow’ by tackling emerging risks and not solely focusing on today’s threat actors, such as the pandemic
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NewsMotor insurance payouts fell by 6% in 2020 due to lockdown impact
But personal injury claim payouts rose to an average of £12,000 last year
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Online onlyEsure swings back to profit as insurer aims to ‘leapfrog’ rivals
The insurer’s chief executive believes that technology and data science is the key to winning insurance’s ’game of small inches’
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FeaturesInsurers must revisit unclear policy wordings to ‘rebuild bridges with customers’
The FCA’s test case action brought ambiguous business interruption policy wordings to the fore, however the final judgment will very likely have ramifications across numerous lines of business. Insurance Times takes a closer look at the impact on insurers and brokers
