Latest News – Page 325
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IT InterviewDavid Williams: ALKS cannot be considered automated or ‘we’ll see deaths’
The insurer is ‘quite nervous’ about the government communications and customer perception surrounding automated lane keeping system technology
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NewsVans ‘as rare as hen’s teeth’ causing claims costs uptick for motor insurers
Credit hire boss waves ‘a red flag’ in a bid to mitigate escalating van insurance premiums
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NewsEleanor Moore named Insurance Institute of Manchester’s president again
Moore hopes to change the way that continued professional development (CPD) is delivered post-pandemic
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NewsSpecialist insurance broker appoints new chief broking officer
The chosen candidate has worked in the insurance market for more than 20 years, including at Ark Underwriting Syndicate and Markel
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NewsCPP Group hires new UK chief executive
The new hire will succeed Michael Whitfield, who will remain at the business in another role
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NewsMGA Inperio launches broker PI product
The professional indemnity product will include cover for coronavirus-related losses
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NewsIFB inks landmark partnership with Shift Technology
The new system will be launched next year and will use artificial intelligence to mitigate the evolving fraud landscape
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NewsInsurtech Worry+Peace highlights value of negative reviews
The insurtech’s founder stresses that customers should not be afraid to leave negative reviews
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NewsPIB Group-owned Cobra Network welcomes new staffer
The new addition joins from Marsh Commercial’s Purple Partnership
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NewsSupreme Court holds insurer liable for bar patron death
Judges find that exclusion within public liability policy does not apply to Aberdeen case
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News AnalysisD&O market is ‘absolutely brutal’ and ‘in a world of pain’ as a result of hard market
However, insurers are looking to grow and are selecting some ‘quite aggressive targets’, says expert panel
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NewsProposed tariffs for whiplash injuries post-reform is ‘offensive’
Whiplash injury compensation under the Civil Liability Act 2018 has been described as ‘an insult to the injured and vulnerable’ by industry commentators
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NewsDigital demand could displace £8.3bn of UK premiums by 2025
Despite the global recession, the UK insurance industry could grow from £274bn in early 2020 to approximately £298bn by the end of 2025
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NewsMotor accident claims fall by 31% year-on-year
Plus, motor insurance premiums recorded their biggest annual fall since 2014 in 2021’s Q1
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NewsKatie Price’s ex-husband jailed over bogus car insurance claim
The insurer argued that he should be jailed for ’knowingly giving a false statement’
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NewsExtinction Rebellion dumps fake coal at Lloyd’s in fossil fuel protest
The action marks the first protest for coalition Insurance Rebellion, which is targeting Lloyd’s
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NewsABI relays guidance replacing insurers’ lockdown support pledges
The pledges will be replaced with guidance across home, motor and pet insurance policies
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NewsGovernments must be ‘the leading players’ in insuring BI risk
Governments and insurers ‘must work together’ to close the protection gap, says insurance think tank
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NewsFCA pricing reform timetable is still ‘too short to be achievable’
Under two-thirds of insurers believe more time is needed to implement pricing changes
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NewsHenderson bulks up new broker further with ex-Aon staff
Insurance Times understands that around four Aon employees are expected to join new Henderson-backed broker
