Insurer News – Page 108
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NewsLV=GI reports 60% year-on-year uptick in crash for cash linked personal injury claims
The increase in these claims stem from roads into Scotland, where the UK’s whiplash reform regulation does not apply, says the insurer
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NewsAllianz plans to work ‘incredibly hard with broker partners to deal with’ underinsurance
’Underinsurance is a serious problem and every broker I speak to understands that’, says chief executive
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NewsWest End theatre group to sue Allianz over alleged BI failure
It is one of a series of Covid-19 BI claims arising from the pandemic lockdown when businesses were forced to shut
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NewsAllianz Holdings posts UK COR of 99.2% for 2022
Combined revenue for the insurer’s UK businesses reached £5.6bn in 2022, its financial results showed
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NewsBrits' confidence in overseas travel renewed as policy sales increase – World Nomads
The insurer’s insights reflect that UK travellers have ‘well and truly cast the shackles off post-pandemic’, says general manager
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NewsSupply chain risk demands businesses’ full attention – Chubb
‘Robust risk management and business resilience strategies are critical to future-proofing supply chains,’ says co-author
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NewsBroker claims service battle still to be won – Gracechurch
Insurers need to invest in their claims operations if they want to keep pace with the demands of their clients, says managing director
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NewsTechnology and data pose fresh challenges for insurance sector’s trust issues
’What might be good for business, will be devastating for trust’, says report author
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NewsTelematics allows consumers to take an ‘active part’ in their risk profile – Redtail Telematics
The positive environmental impact of the technology can also help sell the concept to consumers, says chief executive
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NewsRisk managers note concerns over sensitive data stored by cyber insurers
Cyber underwriter CFC is adamant that it protects client data to a sufficient degree, however
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NewsPRA to consult on new rules to support struggling insurers
The regulator’s aim is to clarify the support available to insurers when they hit financial difficulty
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NewsNew deputy chair revealed at Council of Lloyd’s
The new appointee has set his sights on developing the marketplace’s strategic priorities
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NewsZurich UK’s P&C business posts COR of 95.5% for 2022
This figure represents a ‘robust performance given market conditions’, says the insurer
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NewsAxa XL reveals three-year sustainability strategy
The insurer hopes to improve ESG resilience among its customers with increased awareness of biodiversity risks
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NewsAllianz Commercial to utilise green parts in fleet policy update
The insurer intends to mitigate ‘rocketing’ claims costs for consumers, says head of claims customer delivery
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NewsEcclesiastical detected over 130 fraudulent claims in 2022
Continuing to pursue untrue claims is ‘vitally important’ for keeping customers’ premium costs down, says claims director
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NewsBroker communications should be ‘carefully recorded’ following Emiliano Sala claim
Brokers should ensure all communications are recorded ’to eliminate evidential uncertainty should a dispute arise’, says partner
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NewsUK inflation will increase the need for gig economy insurance – GlobalData
Education among consumers is needed, however, due to the widespread belief that this cover is provided by employers
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NewsMotor premiums up by 8% in Q4 2022 – ABI
Around 40% of all work is now being impacted by delays in car parts
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NewsZurich UK selects new chief claims officer
The appointee has experienced the business through ‘every lens at every level’, having joined the insurer as a graduate in 1997
