Latest News – Page 370
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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
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NewsFCA taking 'the nuclear option' in pricing remedies
The regulator has gone further than it has in previous interventions, argues former FCA figure
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Online onlyDirect line shares take sharp fall amid FCA pricing ban
One of UK’s largest personal lines players feeling the pinch from FCA pricing ban
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Online onlyFCA warns on premium financing in pricing crackdown proposals
Regulator is concerned that customers may not be treated fairly on premium financing and warns providers could be in breach of law
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NewsInsurance firms will be forced to end price walking as FCA reveals rip-off remedies
Firms have until January to feedback on the FCA’s final proposals for ending ‘opaque’ pricing practices
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NewsCovid-19 lockdown accelerates van insurance demand
Vans have become critical during the UK’s lockdown and this has led to an uptick in van insurance requests
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NewsData subject insurance claims are ‘sting in the tail’ for corporate cyber breach victims
Law firm partner describes data subject claims as ‘effectively becoming the new PPI’ as practice reports activity uptick
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NewsDirect Line Group rolls out LeakBot devices to its UK HNW home insurance customers
LeakBot progresses partnership agenda as DLG joins Hiscox among the technology company’s insurer partners
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NewsDiversity & inclusion plays ‘crucial role’ in insurance sector’s business resilience
Mental health, gender equality, flexible working patterns, and culture & ethnicity were ranked as top issues to address within and insurance at Dive In
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People & OpinionBlog: Insurance innovation race raises speed versus sustainability questions
André Symes, managing director of international and chief growth officer at Genasys, explores whether insurance product quality and long-term sustainability is being sacrificed for faster turnaround speeds on sector innovations
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NewsMore than a third of SMEs are interested in pandemic-related insurance
However, a pandemic insurance product targeted at micro or sole trader sized businesses could be ‘unsustainable’ for insurers says analytics firm
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NewsRegulator’s ‘culture shift’ forces firms to place greater emphasis on vulnerable customers
Law firm partner addresses MGA online delegates to discuss the FCA’s switch in stance around ‘value’ and ‘outcomes’
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NewsLaw firm considers legal action against 12 insurers following BI test case result
Mishcon de Reya believes insurers such as Aviva and Chubb should be paying out for Covid-related business interruption claims that fall under ‘resilience’ policy wordings
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IT InterviewLockdown is technology’s ‘moment to shine’ says Insurercore’s founder and MD Peter Clarke
Technology has been crucial during the UK’s lockdown - this has accelerated platform on-boarding and searches for Insurercore, the insurance market’s risk appetite directory, which acts like a ’dating agency’. Its managing director Peter Clarke tells Insurance Times why the Covid-19 pandemic is technology’s ’moment to shine’ and discusses the ...
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NewsConvex Group announces new chief executives in Bermuda and London
Co-founder Paul Brand steps down to make way for two internal promotions
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News AnalysisMCI completes management buy-out from underwriting platform Castel
Following the deal, MCI will be led by chief executive Philip Trafford
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NewsSoaring insurance premiums see leaseholders in high-rise buildings held ‘captive’
Leaseholders do not have control over insurance price hikes for high-rise buildings - in some instances, this has increased from £12,000 to £180,000
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NewsRevealed: Technology & Innovation Awards 2020 – winners and reaction
Not even a pandemic could stop Insurance Times celebrating technology and innovation talent in the insurance sector, with the awards event held virtually for the very first time. Find out who won the 15 awards up for grabs, and all the reactions from the winners. Who scored a hat trick? ...
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NewsNew funding for Brit’s digital syndicate Ki adds ‘firepower’ to expansion plans
Ki plans to ‘rapidly scale the business’ as it gears up to launch later this year
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NewsLaw firm expands group action to dental sector in BI claims pursual
Mishcon de Reya is urging all dental practices to get in touch as it believes that many are insured for Covid-related business interruption claims
