Covid-19 – Page 64
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FeaturesHow is the motor insurance supply chain impacted by the Covid-19 lockdown?
Insurance Times investigates how the ongoing coronavirus pandemic is affecting motor supply chains and the subsequent claims process for motor insurers and customers
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Online onlyAdmiral back on top as Hastings slips down the rankings
Admiral UK has regained its place as the best underwriter in UK general insurance after reporting a market-leading combined operating ratio for 2019
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NewsWide area damage test could be insurers’ ace for refusing coronavirus BI claims
Professional services firm Marsh explores whether this argument could ‘extinguish Covid-19 claims recovery’
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NewsRSA reveals £25m of Covid-19 claims to end of April
But reinsurance for its travel book and business interruption policy exclusions have limited the insurer’s exposure to the pandemic
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News AnalysisAIG reveals limited BI exposure despite $272m Covid-19 hit
Chief executive Brian Duperreault describes Covid-19 as “the single largest CAT loss the industry has ever seen”
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NewsData analytics firm predicts 0.4% rise in motor insurance GWP despite lockdown regime
The firm adds that Admiral’s premium refund initiative is ‘an influential move’
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NewsThe Big Question May 2020: How do you think insurance will look post-Covid-19?
With lock down in the UK set to continue for the time being many businesses are having to adapt, Insurance Times asked what the industry might look like after the pandemic
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News AnalysisBI coronavirus payouts could spell commission clawback worry for brokers
Some obstacles brokers face as they navigate the Covid-19 crisis could have a detrimental effect on their survival
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NewsSJL Insurance warns of cyber-attack risks for home working sole traders and businesses
Businesses could face financial implications if they do not prepare
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NewsHiscox predicts £10m to £250m BI coronavirus hit and launches share placing
It recognises that this is an extremely difficult time for businesses and it is determined to provide greater certainty for its customers
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FeaturesThe Briefing: Coronavirus impacts on GI - With a reduction in road use due to Covid-19, should insurers start returning some premium?
Insurers in the US are refunding part of their customers’ car insurance premiums as coronavirus lockdown measures see a decline in vehicle use and therefore claims, but will the UK market follow suit? Four industry experts share their thoughts
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FeaturesThe Briefing: Coronavirus impacts on GI – Is the insurance sector caught in the crossfire of Covid-19 pressures?
Financial services consultancy says ‘the expectation for the industry to just pick up the tab for a once-in-a-century crisis like coronavirus is just not reasonable’
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Newse-trading Q&A: NIG sees significant uptick in inbound calls and email traffic amid Covid-19
NIG has spotted an increase in inbound calls at its etrade operations and claims centres with many brokers seeking guidance on policy coverage during the coronavirus crisis, Insurance Times etrading 2020 results are also now available
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People & OpinionBlog: Adaption, when it’s necessary, it happens – 360Globalnet's Paul Stanley
Covid-19 has fast tracked digital processes for many firms. Necessity is not just the mother of invention, it is also the mother of adaptation and adoption, says Paul Stanley FCII, chief executive at insurtech 360Globalnet
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NewsMore consumers want to purchase insurance in light of Covid-19 pandemic says consultancy
The Capgemini Research Institute found a 10-percentage point increase in the number of consumers looking to buy insurance
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NewsMore than half of UK publicans have had their BI claims rejected says trade association
Nearly two-thirds of pub owners have also had their pandemic insurance applications refused
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NewsHiscox Action Group and Night Time Industries Association join forces
The two hope to pool resources and share information as they seek a pay out from Hiscox
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NewsLV= ringfences £30m to help customers suffering financial hardship because of Covid-19
The insurer will redirect savings from reduced claims during lockdown to help car and motorbike policyholders
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NewsPremier League clubs facing insurance premium hike
Social distancing guidelines has meant sports cannot go ahead
