Latest News – Page 358
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FeaturesBriefing: Collaboration needs to continue post-pandemic for ‘adversarial’ personal injury sector
Despite insurance being fundamentally built on partnerships, the personal injury sphere has long been described as ‘adversarial’ – why has it been so hard to work together?
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NewsOpinion: Could Covid be hastening the end of brokers going into Lloyd’s to place business?
Technology was always going to be part of Lloyd’s of London’s future, but the pandemic has accelerated its adoption. Will brokers going into Lloyd’s physically become a thing of the past and how will the ‘Future at Lloyd’s’ look post-Covid?
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FeaturesBusiness interruption has left customers confused, anxious and angry - Brightside chief exec
Insurance industry ’hasn’t covered itself in glory’ over business interruption claims, says Brendan McCafferty
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NewsAston Lark snaps up Amlin pleasure boat business
UK yacht is one of the nine classes of business Amlin said it was seeking to withdraw from last year
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NewsFlock selected as Sky-Futures’ drone insurance partner
Flock will support Sky Futures’ global expansion
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NewsSyndicate goes into run off as remediation efforts fail
Lloyd’s of London said it will continue to purge the market of business it believes is not delivering
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NewsBike theft claims rise by 125% in three months
London saw the biggest increase in bike theft claims according to the insurtech’s data
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NewsFall in Direct Line Group premium income offset by fewer claims
It is on track to deliver a combined operating ration between 93% and 95%
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NewsPost Office inks five-year motor deal with broker BGL
The broker will drive the next phase of the partnership
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News AnalysisBrokers react to consortium’s ‘strong bid for an iconic brand’ in potential RSA purchase
UK brokers believe RSA’s potential new owners should build on the insurer’s firm legacy foundations, while others in the industry say external ownership could prove positive
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NewsGallagher named as PI broker for public services supplier
The move aims to cement Gallagher’s desired position as the ‘broker of choice’ in the infrastructure sector
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News AnalysisFOS receives 68,735 new complaints between July and September
Payment protection insurance (PPI) remains the most complained about financial services product with 12,742 new complaints this quarter
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NewsPrivate equity firm and Singapore wealth fund to buy WTW’s Miller
The deal marks the first step in Cinven’s new financial services-focused strategy
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NewsOne in five cancel insurance amid financial pressure of pandemic – Premium Credit
Rising premiums have seen more customers turn to premium finance
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NewsFCA’s focus on fair value marks industry ‘step-change’
Industry experts say that the ‘status quo has to change’ and that the concept of fair value now needs to be embedded within organisational culture and business models
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NewsConnected car data can transform insurers into ‘guardian angels’
However, the sector still needs to forge affordable partnerships with vehicle manufacturers in order to use connected car data to improve the FNOL and claims experience
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Online onlyInsurance shares soar on vaccine hopes
Several insurance stocks saw sharp rises today, including Aviva and Direct Line
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IT InterviewMinster Law unveils digital claims portal to tackle customer apathy
Law firm boss emphasises that the legal sector needs to ‘come to the table with solutions’ to combat the personal injury market’s challenges
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NewsHowden and Ki enter long-term partnership
Ki’s chief executive said that the partnership represents “another significant milestone”
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Online onlyAllianz Insurance sees year-to-date GWP decline as Covid bites
LV= however saw more positive results
