Latest News – Page 358
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NewsLegal indemnity broker sees new managing director take reigns
The broker is celebrating its 10-year anniversary
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NewsInsurers’ biggest threats are crime, regulation and technology – PWC
The research further revealed regulatory concerns about insurtechs’ safeguarding processes
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NewsSpike in FOS referrals reveals motor cover is most complained about insurance product – Insurance DataLab
Understanding the make up of complaints will be key in preparing for the regulator’s fair value spotlight, according to data service co-founder
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NewsInsurance firm launches legal expenses product for foster carers
Between 2019 and 2020, there were almost 2,500 complaints made against foster carers, of which 63% were made by fostered children against their own carers, says business development lead
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NewsFCA calls for Online Safety Bill extension in latest report
The regulator’s chief executive says the FCA is ’committed to being more innovative, assertive and adaptive’
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News‘MGAs need to look a little bit laterally’ when it comes to capacity - Mum
MGA boss also calls for more transparency around capacity provision, suggesting that brokers should be asking more questions
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NewsSix insurance associations sign open letter to MP ahead of Autumn Budget
The letter argues that the funding proposed is ’extremely important’ in continuing the trend of the UK being a leader in insurance innovation
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NewsBroker CEO Forum: Aviva needs to keep brokers ‘sweet’ following business disposals
Industry thought leaders believe the insurer has been ‘a huge disappointment for shareholders over the years’
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NewsCFC secures significant investment from two private equity firms
The firm has grown its employee count over the past three years, establishing a global footprint with more than 500 staff located across the UK, US, Europe and Australia
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NewsAviva appoints former RSA independent director as new non-exec director
The insurer’s chair says the appointment is ‘a valuable addition’ to the board
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NewsSharp decline in motor claims following MoJ release of OIC data
For the year as a whole, just under 300,000 motor claims were registered in 2021 compared to 350,000 between June and September the previous year
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NewsNew OIC data reveals only 1% of claims settled
The insurance industry largely welcomes the new Online Injury Claim portal, but it is still early days as the data reveals that 4,331 claimants are unrepresented
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NewsQBE appoints executive director for UK business
The internal appointment succeeds Cécile Fresneau, who was promoted earlier this year
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NewsLoss adjuster warns of spike in cannabis linked fire claims amid lockdown easing
Around 94% of cannabis farms are now located in domestic premises and around 25 farms or factories are being discovered by police each day
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NewsPercayso’s new no code solution gives insurers control over data enrichment
The new product will allow insurers to make changes to data easily
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NewsBrokerFest 2021: Regulation bar will be ‘a lot higher’ for brokers selling to SMEs
Industry experts predict more regulation to be incoming around insurance for SMEs as the regulator wants these firms to be treated ‘like personal lines customers’
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NewsBrokerFest 2021: Sustained period of cyber market hardening must be fully understood
Ransomware demand ’is 20 times more than what we saw in 2018’, says MGA’s head of cyber
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NewsBoom in business protection complaints show customers still feel ‘hard done by’ – Insurance DataLab
Despite the High Court’s ruling to clarify business interruption claims, complaints have increased more than fourfold over the last year
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NewsGRP buys minority stake in specialist broker
The Hedron network member is the first to benefit from GRP’s minority investment strategy
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NewsLockton launches crisis management division
The new unit will be led by head of crisis management Matt Humphries
