Insurer News – Page 147
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NewsAXA reports 3% drop in gross revenue for UK and Ireland in 2020
The insurer has also sought to minimise future exposure to Covid-19 claims by using exclusions within its business interruption and event cancellation policies
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IT InterviewHiscox attributes five-star personal lines rating to ‘strong and very competitive’ products
The insurer’s distribution director adds that the firm ‘won’t rest on our laurels’ and that customer service will continue to be a focal point
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NewsAviva to exit Turkey
The transaction is expected to complete this year, but is subject to closing conditions and regulatory approval
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NewsAgeas UK records 2% drop in gross income for 2020
Chief executive says the business has ‘a solid foundation on which to build’ for this year
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NewsControl systems are in cyber criminals’ crosshairs, warns report
The London market has been warned it needs to better understand the rising threat of cyber attacks to industrial and manufacturing facilities, as criminals switch their focus to find new ways to extort and disrupt businesses
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NewsAviva approves €3.2bn sale of its French business
Aviva’s capital and liquidity has been strengthened with an increase in excess capital of around £2.1bn
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NewsInsurer to access UBI market with My Policy investment
Nationally, mileage declined by 63% during 2020’s first lockdown, according to My Policy’s analysis
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News AnalysisAllianz Holdings describes communication with brokers as ‘great success over 2020’
Chief executive says virtual methods have allowed the insurer to stay in touch with brokers ‘to a greater extent’
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News AnalysisL&G acquisition offers ‘really good opportunities for future growth’ says LV=GI boss
Plus, the FCA’s proposed changes around pricing will mark ‘a significant change event’ for personal lines insurers says LV=GI chief executive
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NewsABI members predicted to pay £2.5bn for Covid-19 claims incurred in 2020
The ABI’s director general believes the industry needs ‘to learn lessons from this unprecedented event’
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NewsLV=GI confirms 300 redundancies following staff consultation
The redundancies are part of LV=GI’s broader restructuring plans, which aim to integrate L&G General Insurance into the business
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FeaturesAllianz Insurance exposed to BI claims through broker wordings
Chief executive adds that the insurer has seen 3,000 new business interruption claims following the Supreme Court’s judgment in January
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NewsAllianz Insurance sees 5.6% drop in GWP due to Covid-19 impact
The insurer says the total impact of coronavirus-related business interruption claims is £175m, net of reinsurance
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NewsArch Managing Agency confirms new managing director
The new hire, who has more than 20 years of industry experience, will provide ‘robust management oversight’ says Arch Insurance International chief executive
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IT InvestigatesThe Insurance Times 2021 Etrading Survey is now open
The 2021 Insurance Times Etrading Survey is now open to brokers. Etrading has become even more important in the wake of the Covid-19 pandemic, so it’s time to share your views on your etrading experiences over the last 12 months
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NewsUnderwriting training simulator created for Hiscox
There is a shortage of skilled underwriters in the sector, according to Hiscox - the simulator will address the skills gap
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NewsAviva reportedly in talks to sell its operations amid Italy sale
The insurer confirmed that it was “exploring options”
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NewsAccidental damage accounts for 48% of all new claims – LV= General Insurance
The insurer links this claim trend to the increase in home working and schooling, with drinks being spilled on technology such as laptops
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NewsSimply Business selects insurtech MGA as health insurance provider for new proposition
The first phase will see the insurtech unveil its health insurance plan for the self-employed
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NewsNearly half of bike insurance claims in 2020 were for theft – Bikmo
The average claim amount last year for bike insurance was £1,293 says specialist cycling insurer
