Latest News – Page 376
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Online only‘I was so worn down’ - a first-hand account of racism and sexism in the broking industry
Several sexism and racism scandals have blighted the insurance industry over the years. The Black Lives Matter protests have invigorated the ongoing debate over diversity in the sector, but how much has really changed and how far is left to go, before we can say real progress has been made? ...
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News AnalysisInsurance resilience tested by Covid-19 as global protection gap climbs to $1.24trn
New research from Swiss Re has shown the importance of insurance in economic recovery post-coronavirus
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News AnalysisThe Insurance Times insurtech top five winners and losers of the pandemic
While the pandemic has hit the insurtech sector hard, some insurtechs have still managed to prosper, Insurance Times reveals its top five that have blossomed or gone bust as a result of the pandemic
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News AnalysisInsurance industry left to shoulder risk in Grenfell fire aftermath
How can you put a price on Grenfell? The insurance industry has been left to shoulder the risk of safety measures that resulted from the inquiry, despite building safety and standards further deteriorating for high-rise buildings.
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NewsMactavish recommends Written Lines Tenders for construction firms struggling to get PI cover
Covid-19 has amplified the existing problems in the construction professional indemnity market such as rising premiums, Mactavish offers a solution
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News AnalysisInsurance market remains ‘resilient’ despite $25bn Covid-19 hit
Data and analytics company Hyperion X says that losses from the coronavirus pandemic are more of an earnings event, rather than a capital event that will affect insurers’ solvency positions
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NewsThingCo secures contract with Freedom Brokers
ThingCo has secured a new contract to further deploy its telematics device Theo, as part of its ambitions to expand in the UK and then globally
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NewsSolicitor PI rates rocket as renewal deadline looms
Covid and Brexit are expected to have an impact on an already hardening market
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NewsFCA investigates 165 Covid-19 scams
Financial services firms and banks have been targeted by fraudsters during the coronavirus pandemic
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News AnalysisDAS UK reports surge in profits
But large losses in the insurer’s ATE run-off portfolio push COR northwards
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NewsMark Cliff appointed chairman of MGA Avid
The former Brightside chief executive takes up his new role immediately
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IT InterviewClaims Excellence Awards 2020: Claims teams showcase successes to be in with a chance of award win
Insurance Times catches up with the four finalists in the Claims Team of the Year category for this autumn’s Claims Excellence Awards, finding out the key attributes that make an award-winning team and why these firms feel their claims staff stand head and shoulders above the competition
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NewsUK travel insurer to cover FCO watchlist European destinations
The FCO has advised against all non-essential travel to certain destinations as the pandemic continues, however some travel insurers are now offering cover for this
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IT InterviewAmbiguity in BI policy wordings is ‘natural’ following ‘black swan’ Covid outbreak
Accenture’s managing director for general insurance believes now is the time ‘to do a more holistic and proactive review’ of insurance contracts to remove ambiguities surrounding potential ‘black swan’ events
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NewsPolicies will need to adapt to changing risks brought about by Covid says analytics firm
Products designed for the risks of remote working will become commonplace moving forward
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NewsAnimal Friends releases claims data for dog owners
The pet insurer has released claims data to help potential dog owners make better decisions picking a pet, after lockdown sees a surge in pet owners
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NewsMotor injury claims fall sharply during Covid-19 lockdown
A sharp fall in motor injury claims was recorded in the second quarter of 2020 as fewer people took to the roads
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NewsEcclesiastical hit by £59.7m loss due to Covid-19 impact
The insurer’s chief executive describes the headline loss as ‘disappointing’, attributing it to the ‘uniquely challenging’ circumstances arising from the coronavirus crisis
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NewsZego partners with European e-scooter operator
As the UK government continues its trial of e-scooters, Zego has a new European partner whose focus is e-scooter safety
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NewsERS appoints new chairman to succeed Amanda Blanc
As Amanda Blanc was appointed as chief executive of Aviva, ERS has now appointed a new chairman to succeed her
