Covid-19 – Page 50
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NewsAdmiral profits surge as fewer lockdown claims slice chunk off combined operating ratio
Like its peers Hastings and Direct Line, Admiral has benefited from a fall in claims frequency during lockdown
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NewsPet insurance market profits as pandemic lockdown sees more new pet owners
The UK lockdown has caused an increase in new pet owners and subsequently a surge in new pet insurance policies being purchased due to the ongoing uncertainty of the pandemic
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NewsLloyd’s Lab chooses ten insurtechs for fifth cohort specialising in Covid-19
It is only the second virtual Lloyd’s Lab to be run and this time the ten selected insurtechs will focus on pandemic solutions
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IT InterviewInsurance market has been the ‘fall guy’ of the Covid-19 pandemic
Lawyer says that the ‘insurance industry is fundamental’ and that it ‘needs to be supported rather than just attacked’
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NewsBrokers urged to capitalise on post-Covid cyber demand as homeworking become the norm
Less than half of cyber policies are distributed through the broker channels
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NewsCar insurance claims for injured cyclists and pedestrians has doubled during lockdown
Insurer More Th>n suggests the number of cyclists and pedestrians has increased as Brits look to avoid public transport during the Covid-19 pandemic
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IT InterviewABI’s Huw Evans says ‘unpopular’ stance around BI Covid claims was the right call
He adds that the trade body was ‘right to be very open with people’ in order to mitigate ‘a false expectation that they may be covered’
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NewsFiducia teams up with Lloyd’s syndicates to offer NBCR cover
The standalone policy, targeted at regional brokers, aims to provide a cost-effective solution to limited Pool Re cover
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NewsCredit insurers saved from colossal Covid losses due to state support
Ratings agency predicts that demand for trade credit insurance will increase in the medium to long-term, as SMEs and corporates realise the value of cover in the wake of Covid-19
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NewsGeneral insurance direct written premium set to fall by 1.7% in 2020 due to Covid-19
The lasting effects of the coronavirus crisis means that GI DWP will not return to previous levels until beyond 2023, predicts analytics company
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NewsConstruction sector insurance premiums sees ‘turbo charged’ increase since lockdown
As the construction industry sees premiums soar significantly since lockdown, Mactavish emphasises the importance for construction firms to review their insurance programmes as renewals approach
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FeaturesCovid-19 pandemic has created ‘an opportune market for ghost brokers’
Industry experts assemble for Insurance Times’s latest virtual Fraud Charter roundtable, identifying the key fraud trends that have emerged as a result of the coronavirus outbreak
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NewsAgeas sees COR improvement as result of reduced motor claims
Ageas remains committed to its staff, stakeholders and customers despite the uncertainty of the pandemic as it sees improvements in its COR, as well as GWP in household
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NewsAviva commits to provide risk management support to brokers in wake of pandemic
The insurer’s chief sales and marketing officer says this resource is particularly pertinent for brokers looking to help their hospitality sector clients
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NewsIrish regulator mirrors FCA by publishing supervisory framework to clarify Covid BI claims
The Central Bank of Ireland ‘expects firms to adopt a customer first approach to the resolution of business interruption issues’
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NewsAviva pays Covid-19 BI claims under broker wordings despite ‘not covering pandemics’
Amanda Blanc confirms that the insurance industry has ‘some work to do’ in order to bounce back from the reputational onslaught resulting from the FCA’s test case on business interruption wordings
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FeaturesInsurtech Digital Risks reveals SME plans after rebranding as Superscript
As the SME landscape has shifted due to the Covid19 pandemic, Superscript formerly known as Digital Risks has rebranded to serve the needs of these businesses more closely, here the insurtech reveals its plans to Insurance Times
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IT InterviewAviva’s H1 personal lines figures are a ‘disappointing result in every respect’ says Holmes
The insurer’s UK general insurance chief executive also admits that Aviva is paying some Covid-related business interruption claims where they fall under broker wordings and coverage is clear
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NewsAviva plans to have 10% of staff in physical offices come September
The company’s chief executive confirmed to journalists this morning that Aviva is exploring its return to work plan, despite the success of home working
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NewsBlanc says there ‘may be better owners’ for Europe and Asia business amid UK investment
In a briefing call with journalists, Blanc outlined a three-pronged strategy to unlock Aviva’s ‘enormous potential’, including being ‘selective about where we participate’
