Latest News – Page 277
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NewsIsle of Man chief minister says island’s insurtech programme marks ‘good innovation’
The chief minister stressed that a ’more collaborative’ approach was needed if innovation is to continue
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NewsMarkerstudy-owned firm aiming to ‘transform’ commercial fleet safety with AI proposition
The technology could cut claims costs by £2,000 per detected claim
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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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NewsGallagher Re partners to deliver home ownership proposition
The reinsurance broker has provided support to prospective home buyers
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NewsLegal changes set to prompt claims rush
An ‘inevitable consequence’ of the changing rules will see ‘a rush to issue claims prior to April 2023’, says partner
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NewsGreen shoots of insurance growth will take time to bloom – EY
“Insurance demand is among the first to be impacted” by rising cost of living, says UK insurance lead
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NewsAon promotes for new UK CCO
The new appointee will take over the role from Jane Kielty, current UK head of commercial risk at the broker
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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
