Financial – Page 70
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IT InterviewCovid-19 claims inflation expected for 2020 H2, says Hastings’s Worth
The firm’s group chief financial officer explained that increased claims severity seen in H1 could continue due to the national uncertainty surrounding the coronavirus pandemic
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Online onlyBriefing: Covid insured losses compared to several UK mega-claims events
Covid-19 could be the biggest ever UK insured claims event
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NewsAviation insurance industry braces for fallout after Branson’s Virgin Atlantic goes bust
Gallagher warns that Covid-19 could ‘act as a catalyst’ for rate increases translating into a harder global insurance market
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IT InterviewFSCS hopes to cut insurance levy by working with industry to root out ‘bad actors’
After making three board appointments including former secretary of state, Nicky Morgan. FSCS’s board chairman, Marshall Bailey OBE discusses the firm’s rising levy, how these appointments will bolster its 2020 strategy and the new challenges it faces due to the pandemic
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NewsCrisis management - new Ageas chief exec Ant Middle reflects on the challenges to come
Insurer boss insists he’s ‘loving’ the role, despite taking over at a time of crisis for the industry
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NewsBriefing: Is Beazley plotting its route to success post-corona?
The insurer has been re-focusing its risk mix to prepare for any recession that follows the Covid-19 pandemic, and has already taken action that it hopes will reduce the impact of any future claims that arise as part of the anticipated economic downturn
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Online onlyThe story of brokers' troubled relationship with Gefion and Tansar
The story of Tansar and Gefion is fully revealed in the administrator’s documents
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News AnalysisLemonade’s IPO – what does it mean for the insurance industry?
Insurtech Lemonade’s shares doubled in value on its first day of trading on 2 July, surging from $29 to $69.41; this followed the firm filing for an Initial Public Offering (IPO) back in June.
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Online onlyBriefing: The current BI legal fight is a very ugly look for insurers
Even if they win, the optics of insurers battling their customers in court will harm the industry
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News AnalysisQuantum questions to follow FCA test case
If the High Court rules that insurers are liable for their policyholders’ Covid-19 business interruption losses, then agreeing quantum for specific claims amid a myriad of coronavirus-related factors will be insurers’ next hurdle
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NewsWhy de-mutualisation is bad for consumers, and how it will affect the UKGI market
With LV= revealing it was considering the sale of its remaining life and pensions businesses, Insurance Times takes a look at the implications of wider de-mutualisation for policyholders, and what it means for the future of insurance
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NewsBriefing: How the AXA revolution has set the insurer up for long-term success
Disposing of a large portion of its life and pensions business has proved a smart move for the French insurer, and by putting more focus on its pure underwriting businesses, AXA will be hoping it can set itself apart from other large composite insurers in the market
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NewsOpinion: Will brokers end up as the BI fall guys?
Outcome of FCA business interruption test case eagerly awaited
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FeaturesFCA test case could be death knell for brokers’ PI cover if insurers win
Industry voices fear the fallout of the regulator’s test case on the broker PI market, predicting that it could become ‘a backstop for the entire business interruption industry’
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Online onlyBriefing: Aviva should avoid this strategic blunder
New Aviva chief executive Amanda Blanc faces one major issue that needs solving, but she is already facing distractions By content director Saxon East
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Online onlyBreaking up Aviva: The greatest puzzle in insurance
Amanda Blanc faces a number of challenges as she takes over the helm at Aviva, but none are bigger than the problem of how to deal with the sclerotic UK business’s life and savings arm
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FeaturesHNW Focus: HNW capacity enjoys ‘resurgence’ despite economic Covid constraints
Although the Covid-19 pandemic has caused an economic recession across most industry sectors, the high net worth market is surprisingly buoyant. Insurance Times explores the key capacity trends within this sector.
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NewsThe Big Question July/August 2020: What lines of business will harden or be most exposed following Covid-19?
In Insurance Times’s July/August 2020 issue, we ask the insurance market which business lines they thought might harden and which might be the most exposed following the coronavirus crisis.
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NewsThe history (or mystery) of the broker remuneration debate
The debate recently resurfaced following a report from Mactavish which called out the broker model, but what is the history behind the debate?
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Online onlyBriefing: The big Aviva challenge facing new CEO Amanda Blanc
Aviva chief executive Amanda Blanc has no easy strategic path in solving the Aviva problem
