Covid-19 – Page 10
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IT InterviewMGA Q&A: Managing director confirms Burns and Wilcox is in ‘growth mode’
Following the publication of Insurance Times’ MGA Survey results, Burns and Wilcox managing director Stuart Kilpatrick reveals the MGA’s growth strategy and discusses industry challenges
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NewsMarkel boosts underwriting profits despite hurricane and flood hits
The biggest financial impacts for the insurer were natural catastrophes and the covid-19 pandemic
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NewsAround 69% of customers use credit to pay for insurance – Premium Credit
Some who have used credit to pay for cover have not been able to claim on their insurance policy in the past five years
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NewsHiscox has paid out 5,153 BI claims in first nine months of 2021
In his last quarterly trading statement as chief executive, Masojada describes the insurer as being in ‘good shape’
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NewsChanging risk landscape leads to record-breaking loss of business income – Aon
The insurance broker’s latest survey reveals the top 10 global risks, according to risk managers
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IT InterviewSam White: Unconscious bias barrier has led to a ‘skewer of male dominance’ in industry
Historically, it has been ‘unbelievably difficult for female founders to get funding’, says top boss
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NewsMotor insurers pocket £3.3bn Covid windfall – ACSO
Pandemic linked lockdowns saw car insurers reap £118 per policy, states ACSO’s research
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NewsSpike in FOS referrals reveals motor cover is most complained about insurance product – Insurance DataLab
Understanding the make up of complaints will be key in preparing for the regulator’s fair value spotlight, according to data service co-founder
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AnalysisBroker CEO Forum: Pandemic ‘upped the ante’ around staff welfare and mental health
Insurance industry has ‘a real fear’ around employee burnout, while insurtech investment indicates sector-wide ‘digital first’ focus is here to stay
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NewsBoom in business protection complaints show customers still feel ‘hard done by’ – Insurance DataLab
Despite the High Court’s ruling to clarify business interruption claims, complaints have increased more than fourfold over the last year
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AnalysisCO2 crisis could spark fresh demand in supply chain cover
Climbing CO2 prices have put pressure on the national and global supply chain, subsequently affecting Covid-hit SMEs
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NewsBrokerFest 2021: Broker networks ‘oversell’ their value - Trident Insurance
Brokers can remain independent from merging with big conglomerates if they remember what they are good at, says broker director
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NewsBrokerFest 2021: SMEs face underinsurance risk around intangible assets
Although cyber cover for SMEs is a ‘tough sell’ for brokers, these businesses should be encouraged to seek expert advice ‘because they won’t understand intangible risks as well as brokers do’
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NewsBrokerFest 2021: Hybrid working heightens reputational risk for SMEs
Reputational risk is high on businesses’ agendas as many firms have now switched to hybrid or home working models
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NewsSeventeen Group reports 8.3% revenue growth amid Covid-19 pandemic
The broker’s strategic objectives remains to grow ‘both organically and through acquisition’
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NewsSabre suffers drop in GWP due to Covid-19 and FCA pricing reform
Profit before tax for 2021 is expected to be below the range of analysts’ forecasts
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IT InterviewIan McCarron: Broker was ‘scared’ yet pandemic provides ‘more positives than negatives’
Despite its annual premium eroding by 65% during the Covid-19-related lockdowns, the business is now ‘on track’ to achieve 30% ahead of budget
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NewsFCA issues warning to insurance firms over hybrid working risks
The regulator will be evaluating firms on a case by case basis
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NewsBrokerFest 2021: Brokers act as ‘buffer’ to mitigate ‘appalling’ insurer service for SME risk
Providing a ‘slick service’ to SMEs is harder than ever thanks to a lack of access to technical underwriters and error-laden documentation, says broker boss
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NewsBrighton Pier Group receives £5m following Covid-linked business interruption claim
The claim relates to losses incurred to the end of June 2021
