Financial / Results – Page 79
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News AnalysisInsurance resilience tested by Covid-19 as global protection gap climbs to $1.24trn
New research from Swiss Re has shown the importance of insurance in economic recovery post-coronavirus
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News AnalysisInsurance market remains ‘resilient’ despite $25bn Covid-19 hit
Data and analytics company Hyperion X says that losses from the coronavirus pandemic are more of an earnings event, rather than a capital event that will affect insurers’ solvency positions
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NewsSolicitor PI rates rocket as renewal deadline looms
Covid and Brexit are expected to have an impact on an already hardening market
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News AnalysisFirst half financial results littered with Covid-19 complications
Insurance Times looks across insurers’ H1 financial results, revealing the initial impact of the coronavirus pandemic on business bottom lines
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NewsFCA investigates 165 Covid-19 scams
Financial services firms and banks have been targeted by fraudsters during the coronavirus pandemic
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News AnalysisDAS UK reports surge in profits
But large losses in the insurer’s ATE run-off portfolio push COR northwards
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IT InterviewAmbiguity in BI policy wordings is ‘natural’ following ‘black swan’ Covid outbreak
Accenture’s managing director for general insurance believes now is the time ‘to do a more holistic and proactive review’ of insurance contracts to remove ambiguities surrounding potential ‘black swan’ events
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NewsMotor injury claims fall sharply during Covid-19 lockdown
A sharp fall in motor injury claims was recorded in the second quarter of 2020 as fewer people took to the roads
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NewsEcclesiastical hit by £59.7m loss due to Covid-19 impact
The insurer’s chief executive describes the headline loss as ‘disappointing’, attributing it to the ‘uniquely challenging’ circumstances arising from the coronavirus crisis
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News AnalysisBriefing: How Zurich is adapting to the hardening market
But Covid-19-related claims could still undo all the insurer’s hard work to date By insights editor Matt Scott
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FeaturesBrokers need to engage business owners to combat underinsurance in a hard market
In a worse case scenario, brokers could face professional indemnity claims if their commercial clients are vastly underinsured. Insurance Times takes a closer look at the issue of underinsurance and how brokers can help tackle it
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NewsBriefing: The new reality facing commercial property insurance post-Covid-19
Our town and city centres have been changed for good by the coronavirus pandemic. Brokers and insurers need to adapt By editor Yannick Guerry
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FeaturesCyber Focus: Data exfiltration boosts ransomware risks with reputational threats
Brokers need to adopt a proactive role in assessing commercial clients’ digital security as cyber insurance morphs into a hybrid of preventative risk management services and responsive claims investigation to tackle evolving cyber threats
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NewsQBE gives £10.6m in premium rebates to motor fleet customers affected by Covid-19
Around 60% of the insurer’s rebates went to policyholders within the bus and coach industry
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NewsNexus combines acquired trade credit brokers under single Xenia brand
Xenia is aiming to become the world’s leading trade credit distributor
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NewsR&Q programme management business reports 43% increase in GWP for H1 2020
As at 30 June, the division has 36 active programmes compared to 26 at this point last year
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NewsBiba confirms redundancies due to Covid-19 pandemic
The trade body will lose five employees as part of the redundancy process
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NewsBriefing: Why Hastings is a good fit for Sampo
The £1.7bn proposed takeover of Hastings by a consortium lead by Finnish insurer Sampo was met by surprise by many, but under closer inspection the deal might make a lot of sense for both parties By data insights editor Matt Scott
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IT InterviewZurich takes ‘track record of claims payment seriously’ as H1 earnings suffer Covid-19 hit
The insurer’s UK chief executive confirmed that its general insurance arm saw a £140m impact on earnings as a result of the coronavirus pandemic
