All articles by Katie Scott – Page 45
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NewsDuff and Phelps offers support for Prometheus policyholders following collapse
The firm believes there are around 5,000 policyholders in the UK and Gibraltar who have been affected by Prometheus going into administration
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Features‘Testing times’ ahead for Covid-related employment liability claims
Industry voices believe a boom in employment liability claims is on the horizon. Insurance Times explores the Covid-19-related drivers behind the trend as well as what insurers and employers need to consider to mitigate claims
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NewsAllianz Insurance has issued BI claims pay outs on 75% of valid claims
At the end of January 2021, the insurer had made 1,832 interim and final BI claims payments
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FeaturesBriefing: Insurance firms must adopt a people-centric approach to beat ‘lockdown fatigue’
In the privacy of our own homes, it may feel like lockdown is never going to end. However, employers must be proactive in shooing away fatigue-focused thoughts if they want their businesses to succeed in the long-term
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NewsManifesto 2021: Biba pushes for shared industry and government solution to pandemic insurance
The trade association’s executive director says the UK should learn from models used in other countries to produce a ‘longer-term’ answer to cover pandemic risk
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NewsManifesto 2021: Biba launches resilience-themed 2021 manifesto
The trade body flags seven key topic areas that are of prime importance for brokers over the coming year
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IT InterviewHard market is ‘biggest opportunity we have’ – McGill and Partners
The broker’s head of structured solutions admits that he lives ‘on tension and strain in the market’ in order to drive product innovation
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News AnalysisHowden Group puts ‘a new clank in that whole model’ by backing Dual with capital
Chief executive David Howden says Dual ‘as a business is absolutely of the moment’ and is now ‘in quite a unique position’ following internal capacity investment
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NewsIrish High Court rules against insurer FBD in Covid-linked BI claims case
The ruling could impact claims made by around 1,000 Irish pubs and restaurants
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NewsMPs to launch inquiry into LV= potential takeover
The All-Party Parliamentary Group for Mutuals are ‘concerned’ about how the proposed sale could affect ‘LV= members, the insurance industry and competition and choice in financial services’
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NewsMotor injury claims fall by 23% year-on-year due to Covid-19
Overall, claims fell by 47% last year across motor, employers’ liability, public liability and clinical negligence claims
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IT InterviewInsurance industry’s resilience has made it ‘attractive to capital’ and open to ‘more consolidation’
Howden Group’s chief executive describes the lay of the land when it comes to M&A activity and highlights his business’s approach to acquisitions
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FeaturesBriefing: Risk registers need a revamp to be ready for a working world post-Covid-19
Insurance needs to play a bigger role in responding to risk flexibly moving forward
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NewsInsurance sector is in ‘a digital arms race’ – Salesforce
The industry needs to get better at using data for cross-selling and upselling opportunities, according to expert panel
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NewsHome insurers will benefit from pandemic claims trends in 2021 – Fitch Ratings
However, credit rating agency director believes ‘the pricing environment in the household sector’ will ‘remain weak’
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NewsApollo Syndicate Management appoints new group chief operating officer
The new hire has served tenures at both Lloyd’s and HSBC
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FeaturesGreater data analytics gives FCA ‘finger on the pulse’ of GI market
Insurance Times explores what the FCA’s increased use of data analytics could mean for brokers and insurers as the regulator learns more about the firms it supervises
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IT InterviewA-Plan deal enables Howden Group to be a ‘real UK broking powerhouse’
Chief executive David Howden tells Insurance Times how the broking firm plans to become ‘the preeminent UK retail business’ following the successful completion of the acquisition, expected this month
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NewsMotor claims costs predicted to rise due to complex repairs – Fitch Ratings
The ‘one-off benefit’ from reduced claims frequency in 2020 may continue for the first half of this year too, however it won’t be as large as last year
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NewsCovid recession could lead to direct claims against insurers under Third Parties Act
Law firm solicitor emphasises that ‘there is potential for increased claims’ against insurers if their policyholders become insolvent
