Latest News – Page 369
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FeaturesCovid-19 claims yield abundant harvest for claims farmers
Delegates at Insurance Times’s third virtual roundtable say the ‘farming scope for Covid claims is absolutely massive’
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NewsInsurers to suffer dip in short-term profitability due to FCA’s price walking measures
However, credit ratings agency predicts that in the longer term, retention will increase
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News Analysis‘Pandemic Re needs to get up and running’ says Aston Lark boss Peter Blanc
The ‘cancellation culture’ caused by Covid-19 is hitting the economy hard, but the inability for event organisers to obtain to coronavirus cover is still stifling this sector – Blanc believes it’s time for the insurance industry to lean on the government for a solution
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IT InterviewUninsured smaller acquisitions spark fresh demand for insurance solution says CFC’s Angus Marshall
With a potential post-pandemic capacity crunch in M&A, CFC’s Angus Marshall gives his view on the current environment and why corporates are looking at warranty and indemnity insurance
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IT InterviewHow Amazon’s latest insurtech tie-up could be template for disruption
Tech giant Amazon recently partnered with an insurtech instead of an incumbent, Altus’s consultant Patrick Hayward tells Insurance Times why this move is an important one
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NewsAston Lark appoints MD for UK retail arm
The new hire, who starts on 1 October, has more than 30 years of industry experience
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IT InterviewCovid-inflated credit hire claims is ‘a big issue' for insurers, says law firm partner
The Covid-19 pandemic may be boosting income opportunities for credit hire firms – accumulatively, this could end up being a big financial hit for insurers
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NewsNDML and NTIA urge Hiscox to pay interim BI claims
The broker and trade body encourage insurance firm to take ‘the ethical approach’ and pay 50% of policyholders’ claims now
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NewsWomen receiving greater discounts from telematics policies
New research from insurethebox revealed that its telematics data has shown women to be safer drivers, with young males 130% more likely to speed than women the same age
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NewsLloyd’s taken off Fitch ratings watchlist
Fitch has now affirmed Lloyd’s AA- rating and removed them from the Ratings Watch Negative list, saying their rating is now stable
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NewsInperio signs new multi-year deal with specialist underwriter
The partnership will see capacity offered to solicitors and independent financial advisors
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NewsSpecialist broker Flock selected as Biba drone scheme provider
Brokers can benefit from the scheme as Flock can provide insights on client requirements, the insurtech says
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FeaturesCovid lockdown boosts industry’s prospective talent pool thanks to home working
Boris Johnson’s working from home initiative to mitigate the spread of coronavirus may have given the insurance industry’s recruitment drive a much-needed injection, as the siren call of home and flexible working has the potential to attract new, diverse talent
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IT InterviewConsumer Intelligence warns premium hikes could follow FCA pricing report
Consumer Intelligence has warned that premium hikes could follow the proposals that were laid out in the FCA’s pricing practices report which was published yesterday
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NewsInsurtech sector backs FCA’s ‘price walking’ ban as move towards restoring trust
The insurtech sector has welcomed the FCA’s proposals on banning ’price walking’ and sees it as a move towards restoring trust in the insurance industry
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NewsHowden to buy A-Plan Group as it aims to expand its retail broking reach
The combined group will have a GWP of £4bn
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NewsFSCS urges customers to ask key questions before switching insurers
With the ongoing pandemic and the FCA’s pricing practices report in mind, FSCS wants customers to be ‘confident and in control’
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NewsFCA lays more options for exiting auto-renewals on the table
The FCA’s proposals around auto-renewal will apply for all forms of retail general insurance
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NewsBrokers ’very much part of the solution’ following FCA pricing report says Biba
Following the FCA publishing its pricing practices report this morning, Biba has explained why brokers could be part of the solution for customers
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News AnalysisFCA pricing report benefits customers – but is there more to it?
At face value the FCA pricing practices report benefits the customer, and while the insurance industry largely backs the proposals, there have been a number of concerns raised over its implementation
