Latest News – Page 388
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NewsPerception that extortion cover fuels cyber crime is ‘misguided’ – CFC Underwriting
The firm’s cyber development leader believes ‘the last option we want is to remove extortion coverage’, but that applying sub-limits could be a viable route forward
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NewsCovid-hit cash strapped SMEs borrow more to fund business insurance – Premium Credit
The premium finance provider is urging all SMEs to consider finance options as they plan for the future post-pandemic
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NewsEuler Hermes appoints UK and Ireland chief executive
The internal candidate will be the first woman to lead this part of the business
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NewsCPP Group UK inks three-year cyber contract with Partners&
The SME market is a key growth area for cyber, but existing products are ’unnecessarily complex and unsuitable’
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NewsFormer AXA XL duo to launch speciality insurance cell
The new Guernsey-based business aims to ‘take advantage of current market conditions’
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NewsGuidewire backs draft Online Safety Bill extension to include financial scams
Guidewire’s chief innovation officer says that cumulatively, financial scams risk the reputation of the industry
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News AnalysisMIB establishes working group to understand hybrid injury claims
The working group has a shared vision to avoid any detriment to injured claimants
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NewsLV=GI reveals car claims climb as lockdown restrictions ease
The insurer believes the uptick is connected to the easing of lockdown restrictions
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NewsAviva sued for alleged loss of income after Covid office closure
The law firm claims that Aviva owes them money for loss of income due to the Covid-19 pandemic
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NewsAviva uncovers escalating GI fraud by organised gangs and chancers
Insurance claims tainted with fraud amounted to more than £113m last year
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NewsBought by Many becomes a unicorn following latest funding round
The business has also doubled its team over the past year entirely remotely - it now employs more than 265 people, which it hopes to double again in the next 12 months
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NewsHowden launches ESG-focused insurer
The new business, which plans to begin underwriting from 1 January 2022, indicates ‘a step towards facilitating long-term industry change’ around resilience
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NewsQ&A: Travelers weigh in on building successful scheme partnerships
Jonathan Forster, Travelers SME distribution director tells Insurance Times about the value of schemes partnerships for brokers and insurers
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NewsTwo in three home insurance buyers manipulate truth to get cheaper cover
LexisNexis Risk Solutions’s senior claims manager says that home insurers need to ’tackle the common misconception that they actively try to avoid paying out claims’
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NewsDrone broker gears up for international growth after securing £1m funding
The company will continue to develop its products for new drone applications
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NewsNovidea secures $30m Series B financing to accelerate growth
The funding will help grow the insurtech’s product road map and global expansion
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NewsQ&A: Outsourcing claims as the future of insurance – The Insurance Solutions Group
In the June 2021 issue, Andy Walmsley, group operations director for the Insurance Solutions Group (formerly known as Service Solutions Group) tells Insurance Times why he believes outsourcing claims can provide a better outcome for all parties
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NewsEthos Broking UK expands East Anglia footprint with third buy this year
The broker’s M&A strategy remains unaffected despite the Covid-19 pandemic
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NewsFirst Central Group announces chief financial officer succession
The new CFO has previously worked for Direct Line Group, Quilter and PWC, to name a few
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NewsSlater and Gordon reveals digital service to help customers pursue injury claims
The law firm’s chief executive says the service’s first product will make it easier for claimants filing personal injury claims by using automation
