Latest News – Page 377
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FeaturesBrokers need to engage business owners to combat underinsurance in a hard market
In a worse case scenario, brokers could face professional indemnity claims if their commercial clients are vastly underinsured. Insurance Times takes a closer look at the issue of underinsurance and how brokers can help tackle it
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News AnalysisSabre reveals new chairman
The new chairman will replace Patrick Snowball who is stepping down from his role at the beginning of September
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IT InterviewMotor Insurers’ Bureau sees Covid-19 accelerate its culture programme
The MIB has been overhauling its culture change programme since 2018, however lockdown hit as it was due to release its new values forcing the firm to take a more creative approach with staff working remotely
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NewsZurich partners with By Miles on five-year usage-based insurance proposition
The insurer has entered a five-year agreement for a usage-based insurance model with By Miles after observing a shift in consumers driving patterns during the pandemic and as lockdown unwinds
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FeaturesCyber Focus: Data exfiltration boosts ransomware risks with reputational threats
Brokers need to adopt a proactive role in assessing commercial clients’ digital security as cyber insurance morphs into a hybrid of preventative risk management services and responsive claims investigation to tackle evolving cyber threats
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NewsLancashire broker joins Ethos Broking
The new addition plans to use Ethos Broking’s resources to aid its growth plans
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NewsInsurtech deals drop by 80% globally but Lloyd’s Lab still innovating
With the pandemic proving challenging for insurtechs, Global Data reveals a significant drop in insurtech deals worldwide but points out that Lloyd’s Lab fifth cohort gives hope to the industry
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IT InterviewRe-educating brokers: parametric insurance as a solution for BI
FloodFlash’s co-founder Adam Rimmer tells Insurance Times why re-educating brokers is a challenge if the parametric model is going to be applied to business interruption insurance, but nonetheless it is a positive move. The insurtech is a finalist in both the Claims Excellence Awards and the Technology & Innovation Awards ...
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NewsInsurtech MGA Equipsme oversubscribed in crowdfunding during pandemic
The insurtech decided to crowdfund as it wanted control over its own destiny during the pandemic, and it has been oversubscribed in its crowdfunding and seen a surge in customers since March
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NewsQBE gives £10.6m in premium rebates to motor fleet customers affected by Covid-19
Around 60% of the insurer’s rebates went to policyholders within the bus and coach industry
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IT InterviewInsurers unable to hide behind parametric insurance small print, says FloodFlash’s Adam Rimmer
Although many organisations had a form of business interruption insurance within their commercial cover prior to the Covid-19 pandemic, FloodFlash co-founder Adam Rimmer tells Insurance Times how a parametric insurance model would have been the better option for this type of insurance, as ’there’s no small print for the insurer ...
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NewsNexus combines acquired trade credit brokers under single Xenia brand
Xenia is aiming to become the world’s leading trade credit distributor
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FeaturesCyber Focus: How can insurers protect themselves from cyber crime?
Industry experts tell Insurance Times what preventative steps insurers need to take in order to avoid possible data breaches and other cyber attacks where criminals are lured by the honeypot of stored customer data…
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News AnalysisArdonagh snaps up another MGA as acquisition spree continues
The newly acquired company, which specialises in the construction, leisure and commercial sectors, will become part of the Ardonagh-owned Geo Specialty Group
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IT InterviewTrackMyRisks’ Matt Hodges-Long on solving the buildings insurance crisis
The insurtech’s chief executive tells Insurance Times that he aims to make the Building Safety Register an official organisation at a time when leaseholders are facing extortionate insurance premiums in the aftermath of the Grenfell tragedy
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Online onlyGRP appoints broking veteran to lead its southern hubs
The new regional managing director for the south ‘lives and breathes’ broking, GRP said
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NewsBollington buys Bolton-based broker
The move is designed to strengthen Bollington’s corporate offering, as well as its overall market presence
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NewsBrokers boost use of digital platforms during lockdown says Aviva
Chief distribution officer Phil Bayles added that regional brokers’ high sales figures are a ‘testament to their adaptability and resilience’
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NewsR&Q programme management business reports 43% increase in GWP for H1 2020
As at 30 June, the division has 36 active programmes compared to 26 at this point last year
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IT InterviewLondon Market ‘will never go back to how it was’ following Covid-19 pandemic
DAC Beachcroft partner says the key for future success will lie in marrying the market’s personal relationships with the use of technology
