Latest News – Page 390
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Post-Covid world promises productivity revolution
Simply measuring ’bum-on-seat’ time will no longer suffice in the post-lockdown working world
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Miles Smith Insurance Solutions to rebrand following merger
SRIL owns Miles Smith, and bought Croydon-based Square Mile Broking in October last year
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MGAA hires new managing director as Staddon steps down
As Peter Staddon is set to retire in August this year, a new managing director has been appointed, Staddon will continue to work on a part time basis until his successor begins
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Covid-19 lockdown saves motor insurers £1.3bn
New research from Safe found that claims have fallen by 69% during the lockdown period
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Covid-19 is the ‘watershed moment’ to improve cyber insurance penetration
Swiss Re detailed the recent history of the cyber insurance market during its virtual media day last week, highlighting how the coronavirus crisis has affected the market and how the pandemic could aid the product’s penetration…
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IT Interview
Travel insurers are ‘obviously only dealing with squeaky wheels’ says Aquarium Software
Insurance Times speaks to Aquarium Software director Mark Colonnese about the ‘car crash’ travel insurance sector and how insurtechs can turn the Covid-19 pandemic to their advantage…
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Wimbledon boss confirms the championship will not have pandemic insurance in 2021
The All England Lawn Tennis Club warns that although pandemic insurance has protected the Wimbledon tennis championship this year, finding pandemic insurance for 2021 is likley to be ‘impossible’…
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Tech is designed to take friction from the broker-customer experience
Find out the latest insights from Insurance Times’s most recent broker webinar, which discussed technology trends impacting insurance now and in the future.
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Hospitality action group awarded right to intervene in FCA test case
HIGA, the group action body fighting rejected BI claims from insurers Aviva and QBE, has been granted permission to intervene in the FCA’s test case.
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Insurers submit defences for FCA test case ahead of July hearing
Insurance Times dips into the defence documents of the eight insurers facing the FCA’s court hearing…
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Marsh launches sports, entertainment and media group for UK and Ireland
Broker Marsh has set up a new sports, entertainment and media (SEM) industry group in the UK and Ireland, complete with an impressive leadership team.
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NDML releases handbook for hospitality and leisure industry reopening
The guidebook details advice on risk management such as how employers should approach staff that have lost a loved one
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Sam White explores cashing out programmes in response to Covid-19 and Brexit
The chief executive says this option helps deliver choice to consumers
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Brokers have ‘big opportunity’ to win accessibility game against direct insurers
A lack of direct insurer communications provides an opening for brokers to be able to help policyholders amid the Covid-19 pandemic; an Insurance Times webinar discusses the topic…
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IT Interview
Q&A: Working from home and financial hardship creates ‘perfect storm’ for fraudulent claims says Horwich Farrelly
Insurance Times quizzes David Scott, counter fraud partner and head of innovation at Horwich Farrelly, about the fraud issues arising from the Covid-19 pandemic and what insurers and claims handlers can do to mitigate the fallout…
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BHIB-backed provider partners with Mazuma
The two firms have joined forces to support freelancers and micro-businesses
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Hiscox Action Group seeks to intervene in FCA’s test case on BI policy wordings
The Hiscox Action Group has instructed its lawyers to intervene with the FCA’s BI case test, as insurer Hiscox refuses to move forward on any other legal action until the conclusion of the FCA’s hearing.
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Working from home could cause employee mental health issues
There is a social element to work that employees who work from home may not be getting leading to feelings of isolation as well as having to juggle other responsibilities such as childcare
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Pandemic Re risks creating ‘society insurance gap’, says Totus Re
As such, it has urged the insurance industry and government to consider more perils than just pandemic risks as part of the Pandemic Re steering group
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Markerstudy confirms that board directors have taken a 50% pay cut
Markerstudy announces its latest step to stay afloat while battling the financial fallout of the Covid-19 pandemic.