Latest News – Page 384
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NewsBeazley set to shrink Lloyd’s presence post-Covid-19
Although the insurer’s chief executive thinks brokers benefit from communications on the trading floor, Beazley plans to deal with simpler risks virtually and reduce its physical presence at Lloyd’s
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NewsInsurtech honcho partners with employee benefits provider
Insurtech honcho has partnered with an employee benefits provider to offer its car insurance service to workers across the UK.
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NewsLloyd’s delays Part VII Transfer
All European policies must be transferred out of London before the end of the Brexit transition period on 31 December 2020
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NewsBrit’s syndicate Ki taps former Marsh JLT Specialty veteran as new managing director
Brit’s follow-only digital Lloyd’s of London syndicate named Ki has appointed Dan Hearsum as its managing director.
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NewsWPS launches ‘telematics for cyber insurance’
The Cyban App allows insurers to base a premium on the actual risk facing a company’s network, removing any reliance on outdated questionnaires
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News AnalysisQuantum questions to follow FCA test case
If the High Court rules that insurers are liable for their policyholders’ Covid-19 business interruption losses, then agreeing quantum for specific claims amid a myriad of coronavirus-related factors will be insurers’ next hurdle
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NewsEcclesiastical urges brokers to advise clients on smartphone cyber risks
Ecclesiastical is encouraging brokers to speak to clients about cyber risks after its survey found that smartphone security complacency could open up devices as a target for criminals.
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NewsMore to do for insurance industry analytics with changing risk landscape – Guidewire
The London Market has been focusing on leveraging analytics to improve processes in the specialised risk marketplace – but how far has the insurance industry really come?
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News AnalysisGovernment fast-tracks work with insurance industry amid draft Building Safety Bill
After the third anniversary of the Grenfell Tower fire, the UK government has published its draft Building Safety Bill.
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NewsNumber of cases registered to government’s compensation recovery unit falls by 33,104
UK is not in the grip of ‘rampant compensation culture’ as registered cases drop between 2018-2019 and 2019-2020
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NewsAnalytics should focus on closing the insurance protection gap – Guidewire
Closing the insurance protection gap should be the focus of analytics over the next five years according to Guidewire Software’s webinar on 14 July ‘Leading through change with analytics’.
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NewsTechnology Champion of the Year 2020 – who gets your vote?
Voting is now open for this nomination only award until the 31 August - details for the Insurance Times Technology and Innovation Awards 2020 ceremony will be announced shortly
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NewsInsurtech Coverly to close
Pay-as-you-go MGA startup Coverly is no longer offering small business insurance and will be closing.
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NewsAdmiral founder Henry Engelhardt back in business
His new company, Wrightwood Investments, is a venture capitalist firm
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News AnalysisBroker schemes susceptible to Covid claims fallout
Although broker scheme policy wordings are typically the result of broker and insurer collaboration, industry voices believe schemes could be ‘possibly more exposed’ to Covid-19-related BI claims ‘purely because some of the wordings may not have received the usual insurer level of scrutiny’
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NewsNew aggregator app aims to cut broker admin costs
YourBlock will allow consumers to access all their different financial products from one platform, without the need for all their personal information to be shared with the insurer
