Latest News – Page 205
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NewsBackchat January-February 2023
The Riddler, coffee houses and wellbeing initiatives. What has the insurance industry been up to of late? You heard it here first…
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NewsInsurtech funding sees 57% dip in Q4 2022 – Gallagher Re
The UK was listed as one of seven countries for top insurtech investment in 2022 which was $200m (£162.6m) for this country
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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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NewsPetcover Group snaps up Brooks Braithwaite from ManyPets
Selling the business will allow ManyPets to focus on its own brands and products, says chief executive
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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
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NewsMoonrock Drone Insurance secures new capacity to cover non-standard drone operations
New backing enables the MGA to cover sums insured up to £20m and expand into Europe
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NewsRSA launches new carers’ leave policy
The benefit is based on firsthand feedback from RSA’s employees who are carers - this revealed that annual leave was being used to support disabled dependents
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NewsBiba submits request to HM Treasury ahead of Spring Budget 2023
The trade body has flagged key topic areas for the government, such as flooding, apprenticeships and the Financial Services and Markets Bill
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NewsCyber attack hits 10m JD Sports customers
The sportswear retailer can expect fines in the realm of £17.5m or 4% of annual turnover, says law firm partner
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NewsCompany market outlook for 2023 becoming progressively worse – Fitch Ratings
The firm highlighted that one path to gaining capital is turning to higher investment returns
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NewsGlobal commercial insurance costs rose 4% in Q4 2022 – Marsh
The average rate of increase slowed across most lines, however
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NewsInsureds prioritising cyber cover as they cut costs elsewhere
Business interruption insurance is one product that consumers are turning away from, says broker director
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NewsZurich UK set to offer 100 new apprenticeships in 2023
The insurer is also investing in upskilling its existing workforce to help futureproof its business, it said in a statement
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NewsVulnerable customers less likely to shop around for home and motor cover – Consumer Intelligence
Almost half (42%) of home insurance customers were revealed to be potentially vulnerable
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NewsHead of defendant services leaves Carpenters Group for ‘new adventure’
The exiting head will be returning to DAC Beachcroft, where she began her career
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NewsTech Nation set to close its doors after a decade as funding pulled
The government has hopes for the UK to be a ’science and technology superpower’ over the next decade taking on Silicon Valley
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NewsFormer LV= chief executive set to replace retiring chair at Admiral Group
Admiral Group’s chief executive thanked the retiring chair for her support as she welcomed the incoming candidate
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NewsConstruction sector requires support from insurance firms in UK’s net zero transition – UKGBC
Risk perception around a secondary materials market needs to be addressed, says the council
