Covid-19 – Page 53
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NewsLeaseholders in high-rise buildings hit with huge insurance premiums post-Grenfell
With the government pushing the full cost of building safety works on to leaseholders, further problems have surfaced for residents and the insurance industry, as lines such as professional indemnity fail to deliver the services that society requires of it
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NewsBeazley set to shrink Lloyd’s presence post-Covid-19
Although the insurer’s chief executive thinks brokers benefit from communications on the trading floor, Beazley plans to deal with simpler risks virtually and reduce its physical presence at Lloyd’s
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News AnalysisBriefing: It’s been a bad week for insurers, but lose the FCA test case and things could get a lot worse
Not only could insurers be found liable for claims, they may also be forced to pay interest and subsequent claims for businesses that have gone under as a result of the delay in business interruption payments
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News AnalysisBritish theatres face re-opening post-lockdown, some with no insurance
With lockdown unwinding, British theatres were given the go ahead to reopen on the 11 July for outdoor performances, but many are struggling to find insurance.
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Online onlyBriefing: The current BI legal fight is a very ugly look for insurers
Even if they win, the optics of insurers battling their customers in court will harm the industry
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News AnalysisQuantum questions to follow FCA test case
If the High Court rules that insurers are liable for their policyholders’ Covid-19 business interruption losses, then agreeing quantum for specific claims amid a myriad of coronavirus-related factors will be insurers’ next hurdle
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NewsAnalytics should focus on closing the insurance protection gap – Guidewire
Closing the insurance protection gap should be the focus of analytics over the next five years according to Guidewire Software’s webinar on 14 July ‘Leading through change with analytics’.
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NewsInsurtech Coverly to close
Pay-as-you-go MGA startup Coverly is no longer offering small business insurance and will be closing.
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Sponsored ContentIn the midst of a global pandemic, don’t lose sight of data security – Applied Systems
Online threats have increased significantly during lockdown, chief operating officer, Joe Sultana at Applied Systems Europe explains why businesses and individuals need to be aware of these threats
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News AnalysisBroker schemes susceptible to Covid claims fallout
Although broker scheme policy wordings are typically the result of broker and insurer collaboration, industry voices believe schemes could be ‘possibly more exposed’ to Covid-19-related BI claims ‘purely because some of the wordings may not have received the usual insurer level of scrutiny’
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NewsMarine insurance: losses at all-time low, but Covid-19 clouds on the horizon
Consequences of coronavirus and a sustained economic downturn could however threaten long-term safety improvement
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NewsMuch at stake for insurers, brokers and policyholders as FCA test case kicks off
The ruling on this week’s test case could have profound reputational and economic implications for insurers and brokers alike
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NewsHow brokers are monitoring employee mental health with a home-working insurance industry
As many businesses in the UK continue to work from home during the Covid-19 pandemic, the mental health of staff that work remotely has been brought to light. Insurance Times looks at how broker bosses are managing the mental health of their employees.
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NewsBriefing: How the AXA revolution has set the insurer up for long-term success
Disposing of a large portion of its life and pensions business has proved a smart move for the French insurer, and by putting more focus on its pure underwriting businesses, AXA will be hoping it can set itself apart from other large composite insurers in the market
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NewsOpinion: Will brokers end up as the BI fall guys?
Outcome of FCA business interruption test case eagerly awaited
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FeaturesFCA test case could be death knell for brokers’ PI cover if insurers win
Industry voices fear the fallout of the regulator’s test case on the broker PI market, predicting that it could become ‘a backstop for the entire business interruption industry’
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NewsMotor premiums fall, but Covid-19 claims uncertainty remains
Pricing for the new normal that will emerge post-coronavirus will be difficult for insurers to navigate, says Willis Towers Watson
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NewsGefion liquidators revealed after unrated insurer's licence revoked
Chief executive Tonny Anker-Svendsen said the Covid-19 crisis had hampered efforts at raising additional capital
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FeaturesHNW Focus: HNW capacity enjoys ‘resurgence’ despite economic Covid constraints
Although the Covid-19 pandemic has caused an economic recession across most industry sectors, the high net worth market is surprisingly buoyant. Insurance Times explores the key capacity trends within this sector.
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NewsClaims could surge as lockdown sees UK driving standards slip
British motorists let their driving standards slip during lockdown, according to new research
