Covid-19 – Page 66
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NewsAXA to award Irish motor policyholders €33 rebate each as a result of coronavirus lockdown
Around five insurers are expected to offer Irish customers refunds on their motor insurance
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News AnalysisChancellor unveils £1.25bn startup package – but will it be enough to uphold insurtechs?
During the last budget it seemed that insurtechs were left out of the equation for financial protection from government, but its new loan scheme could solve this dilemma
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News AnalysisTough times for Saga after Moody’s ratings downgrade
The insurer also saw underlying profits fall by a third as it announced its latest set of results and coronavirus continues to create uncertainty for the group
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NewsCinema chain denied insurance payout from AXA amid Covid-19
It has left the cinema with almost no income and 196 staff on furlough, but Covid-19 was not on the list for named diseases in the policy extension
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FeaturesCoronavirus: Will public liability insurance extend to cover the online home exercise boom?
As the UK’s lock down continues, exercisers turn to social media and digital channels while gyms are shut. But are there public liability risks associated with online home exercise classes, Insurance Times finds out
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NewsABI and ACSO agree statement of intent for personal injury claims
The bodies concur that video examinations and rehabilitation services can be performed remotely
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NewsABI predicts its members will shell out £1.2bn for Covid-19-related claims
Around £900m of this estimate regards business interruption claims
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NewsCovid-19 pandemic event could be most expensive ever for insurers, says Lloyd’s chief
Pandemic could cost hundreds of billions, says John Neal
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NewsHiscox Action Group appoints London law firm for BI claims battle
The group now includes 200 members
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NewsTracker offers self-installed telematics in reaction to Covid-19 lockdown
The move is designed to safeguard young drivers while maintaining social distancing
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NewsCoronavirus legal protocol protecting personal injury claimants is extended
Around 317 firms have agreed to the terms of the protocol so far
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NewsHiscox expecting to pay net claims up to $150m
It has substantial catastrophe reinsurance in place and is actively settling claims
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NewsWillis Re says BI claim risks pose ‘existential threat to the entire industry’
Event cancellation claims, on the other hand, are equivalent to 1% of reinsurers’ capital base
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NewsFOIL welcomes e-scooter inquiry – should the vehicles be insured?
Using e-scooters could help the UK reduce its carbon footprint, but many safety aspects like speed limits and insurance need to be considered before they are legalised on UK roads
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News AnalysisHiscox Action Group pins hopes on Enterprise Act as it bids to force BI Covid-19 claims payouts
The action group speaks to Insurance Times about the claims against Hiscox and how a specific area of the law could come back to haunt insurers incorrectly refusing claims
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News AnalysisBusinesses risk underinsurance due to differing unoccupied property exclusions
Some insurers have lifted this exclusion by lengthening the unoccupancy period, but what will happen to the rest?
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NewsHyperion X records 95% increase in premium throughput via its broker administration portal
Its digital marketplace has processed 400% more premiums in the first half of 2020 compared to H1 in 2019 due to recent coronavirus-related remote working measures
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News AnalysisCall centres: Rising to the challenge of home working amid Covid-19
What are the obstacles that call centres in the insurance industry face in transitioning to working from home and what are some firms that have done this successfully doing right? Insurance Times find out
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Online onlyBriefing: This pandemic has badly damaged Hiscox … insurers and brokers must learn the lessons
Hiscox is not the only insurer in a battle with customers over pandemic-related payouts, and there are lessons for brokers and carriers
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