Latest News – Page 354
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NewsInsurance Times Awards finalist 2020 Q&A: Markel’s ‘settle-first’ claims approach proves valuable in lockdown
Next month the winners for Insurance Times Awards 2020 will be revealed at a virtual ceremony on 9 December
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NewsInsurance Times Awards finalist 2020 Q&A: GRP’s shared customer priorities delivers tailored service to clients
Next month the winners for Insurance Times Awards 2020 will be revealed at a virtual ceremony on 9 December
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NewsLV= pays out £10m in storm damage claims this year
The insurer says that the average storm claim cost is £2,600
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NewsFourth consecutive year of rate rises gives Lloyd’s tail wind to deliver its plans
Lloyd’s of London anticipates it will pay £5bn in Covid-19 claims, but John Neal says this is good news
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NewsUnderwriting is ‘battlefield that remains to be conquered’ by technology – Swiss Re
Expert panel agrees that the use of technology and data is transforming the role of the underwriter and that ‘tech-fuelled’ insurers need to be the norm rather than the exception
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NewsGeneralist brokers ‘can’t stay ahead’ in ‘asymmetric’ economic downturn – Partners&
Industry experts agree that brokers need to forge sector specialisms in order to better understand their customers and to ensure success post pandemic
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NewsJohn Neal reveals Lloyd’s of London’s ultimate goal
In a Q3 trading update, the Lloyd’s boss revealed his ultimate goal for the marketplace and why it continues to focus on performance agenda
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NewsFSCS to crank up supplementary levy to accommodate for firm failures
The general insurance distribution class retail pool will need to stump up an extra £29m, for example
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NewsMore to do in transforming performance but change underway says Aviva’s chief exec Amanda Blanc
Following its Q3 trading update, Aviva’s chief executive explains the progress that the firm has made so far in transforming its performance and reveals its exploring options in its portfolio
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IT InterviewIn Focus: Independent brokers have ‘a mindset for survival’ – Ethos Broking
Building resilience while navigating the Covid-19 pandemic lies in forging progressive growth supported by the foundations of culture, communications and care, says Ethos Broking’s managing director
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Features‘Gross profit’ terminology confusion creates underinsurance hazard – Sedgwick
Determining insurable gross profit versus an accounting gross profit can be a headache for policyholders, however if calculated incorrectly, the ramifications on business interruption claim payouts could be impactful. Insurance Times explores the issue as well as possible solutions
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FeaturesBriefing: Productivity vs staff wellbeing – the homeworking conundrum
Productivity gains should not be at the detriment to employee wellness, especially as the pandemic presents a ‘mental health timebomb’
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NewsAviva revises down pandemic BI claims cost estimate
Aviva said fewer claims in the third quarter had allowed it to cut its forecast payout figure for business interruption claims
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NewsLloyd’s Brexit transfer gets final High Court approval
This transfer will be effective just after midnight on 30 December 2020
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NewsAlmost half of insurance professionals mulling career change post-pandemic - KMPG
Research reveals opportunity for insurers to invest in staff training if they want to attract and retain talent
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NewsBrokers need to be SME business partners to secure success post Covid – Markel
Expert panel agrees that an advice-led approach complete with value-added services, such as tax and legal support, is the future of commercial broking post pandemic
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NewsThree ex-Hiscox bosses set up new Lloyd’s insurance group
NatWest Group’s Sir Howard Davies has been appointed as the group’s chairman
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NewsARAG confirms new chief financial officer in preparation for Moreton retirement
The new hire has worked at firms such as QBE and Markel International
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NewsHowden buys cyber and technology-focused broker
The company says the purchase ‘supercharges our growth in this important market’
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NewsToo many brokers looking for ‘easy short-term answers’ to solve profitability
An Insurance Times expert webinar panel discussed how brokers can future proof their businesses post-pandemic
