Covid-19 – Page 57
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NewsHome insurance market set to contract by 1.4% as a result of Covid-19
Data and analytics firm predicts that gross written premiums within the UK home insurance market will drop to £5,935 in four years’ time
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NewsCovid-19 presents new opportunities for MGAs versus ‘clunky’ capacity providers
Technology-enabled MGAs have the ability to innovate and be entrepreneurial in the wake of the coronavirus crisis says leading industry experts
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NewsLloyd’s of London reveals plans for September re-opening featuring Covid precautions
It will be making use of video calling as well as establishing a virtual room where brokers and underwriters can connect according to Lloyd’s boss John Neal
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FeaturesTotus Re – the reinsurer for reinsurers
With the insurance industry taking a reputational hit during the pandemic, the two founders of Totus Re argue that a proactive stance could be a move in favour of the sector
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IT InterviewEtrading Q&A: Insurers need to up their game on the risks available via etrading says Allianz
Allianz’s digital trading manager says speed of delivery is a key area of improvement within etrading, but insurers also need to meet the demand to write more complex risks digitally
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NewsMore than a third of EMEA insurers face negative ratings action due to Covid-19
The ratings agency reviewed its portfolio as a result of the crisis, resulting in ratings actions being taken against 84 insurance groups , with downgrades accounting for 12% of actions
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NewsMarkel stops writing personal accident and contingency insurance following strategic review
Markel International has announced that its wholesale business will be focusing solely on the entertainment book of business
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NewsCovid-19 uncertainty could have 'significant impact' on some insurers’ capital positions, says PRA
The PRA’s latest stress test of the UK insurance industry has found that some insurers could be exposed to “significant” risks from the uncertainty surrounding the Covid-19 crisis.
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IT InterviewInsurance sector is ‘going to be seen as uncaring’ as a result of Covid-19 outbreak
PIB Group’s chief executive says the insurance industry will be painted as the villain of the coronavirus crisis
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NewsTwo travel insurers for over 50s offer Covid-19 cover
The over 50s age demographic has been earmarked as the most vulnerable to Covid-19 and the two insurers aim to give policyholders peace of mind when travel restrictions ease up
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IT InterviewAlchemy Crew seeks to uncover ‘true issues and gaps’ in insurance sector growth strategies
Fine tuning growth strategies for the insurance industry post-pandemic will be the key to growth, according to Sabine VanderLinden, co-founder at Alchemy Crew
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IT InterviewInsurers re-setting HNW boundaries to take advantage of higher premiums and margins
The mid net worth market is likely to merge into core domestic household products says loss adjustor
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IT InterviewMGA Q&A: ‘Much of what sets us apart is not provided by the broader market’ says Nexus Underwriting
Nexus Underwriting group chief underwriting officer André Ford talks to Insurance Times, discussing the reputation of the MGA market, capacity concerns among brokers and exploring the underwritng and claims processes used to stand out in the MGA market
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NewsBlanc blasts poor insurer communication over Covid BI exclusions
Industry hasn’t explained the reasons for pandemic cover exclusion properly, the Aston Lark chief said
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NewsInsurance sector shows resilience in face of record GDP slump
New figures from the Office for National Statistics (ONS) revealed that the UK’s economy shrunk by 10.4% in the three months to the end of April.
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NewsGovernment should use claims management capability during pandemic, says PIB boss
Brendan McManus explains that the insurance industry could have supported the government throughout the coronavirus crisis
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NewsBritish Dental Association urges FCA to consider ‘unique challenges’ of dentists in BI claims test case
The dentist trade union is arguing that the short timeframe given for its members to submit any relevant material to the FCA has meant that all issues could not be communicated
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NewsHiscox Action Group triggers arbitration clause in bid for £40m pay out for rejected Covid BI claims
The group’s law firm is acting on behalf of 350 Hiscox Insurance policyholders
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NewsTwo-thirds of UK brokers don’t think the industry has responded well to the Covid-19 crisis
Nearly all of the research respondents agreed that policy wordings need to be reviewed urgently
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NewsTotus Re bags 30 sign ups since mid-May
The open collective is now looking for others that are interested in the model to join the conversation
