All articles by Katie Scott – Page 70
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NewsInsured property market loss from Storm Ciara estimated at €1.5bn
Claims data from affected insurers shows that Germany was the country most impacted
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NewsProfessional body offers guidance on preparing for ‘surge events’
The CII’s claims society publishes a guide to help insurers deal with the increase in claims activity linked to coronavirus
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NewsSwiss Re faces $250m loss if Tokyo Olympics cancelled due to Covid-19
The reinsurer has a 15% global market share in event cancellation cover, which could now be claimed for coronavirus-related cancellations
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NewsIrish broker representative body calls for government and industry meet to tackle coronavirus concerns
The organisation’s director of GI calls on insurers to be ‘flexible’
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IT InterviewLeaders should be ‘fearful’ of SMCR regime, says KPMG director
Behaviour and culture should be a key focus for industry leaders as recent regulation indicates that insurers are not doing enough
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NewsFCA releases guidance for GI insurer behaviour during coronavirus crisis
The regulatory body says ‘brokers have a key role to play to help consumers understand the market’
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NewsCovid-19 boosts opportunistic insurance fraud, says BAE Systems
The firm’s counter fraud director believes fraudulent claims will ‘slip through the net’ amid the current public health and hygiene focus
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NewsLV= reports 39% drop in underwriting profit
But broker business grew by 24% in 2019 due to the migration of personal lines from Allianz
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FeaturesHow is coronavirus impacting key business sectors?
Covid-19 is leaving an unstoppable imprint across global businesses – Insurance Times reviews the current lay of the land in the industry sectors most affected
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NewsCoronavirus impacts more devastating than 9/11 says independent expert
Coronavirus-related impacts on insurers’ investment businesses could see premiums skyrocket
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NewsAspen Insurance Holdings exits underperforming UK regional P&C line
Group chief executive describes 2019’s financial results as ‘disappointing’
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NewsAspen Insurance Holdings appoints new group chief financial officer
The new hire succeeds Scott Kirk, who is leaving the firm at the end of April
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NewsPub group not covered for loss of business due to Covid-19
The chain is advising its publicans to source additional insurance as losses are not covered under its group policy
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NewsPen Underwriting and Markel renew equestrian capacity deal
The MGA and insurer first partnered together in 2017
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NewsDirect Line and Aviva halt travel insurance sales
Coronavirus has seen an explosion in demand for travel policies
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FeaturesShining the spotlight on broker ‘secret commissions’
Defined as a ‘species of fraud’, brokers have to come clean about hidden commission transactions in order to avoid legal repercussions
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NewsLMA publishes policy wordings to protect renewals if Covid-19 makes Lloyd’s inaccessible
The association feels it is ‘prudent to ensure Lloyd’s customers are not left without coverage’
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FeaturesWhat does Aon’s purchase of Willis Towers Watson mean for brokers?
Industry voices fear that consolidation between two of the UK’s largest brokers will lead to a ‘stagnating’ market and ‘significant change’ of the sector as we know it
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NewsBudget 2020: Record flood investment, but no action on IPT
This includes £120m to repair damage caused by last month’s Ciara and Dennis
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NewsCoronavirus: RSA to assess business interruption claims on a case-by-case basis
The firm operates a ‘wider definition’ of specified diseases, so coronavirus impacts may be insured depending on policy wordings and policyholder circumstances
