Latest News – Page 391
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IT InterviewTraditional insurance does not have ’much shelf life left’, says Pukka’s Sam White
Industry multi-tasker Sam White on why brokers have an ‘important role’ to play in insurance
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NewsClaims Excellence Awards Finalist 2020 Q&A: VisionTrack’s IoT platform transforming video telematics
Winners will be revealed at Insurance Times’s Claims Excellence Awards 2020 on 15 October at Kensington’s Royal Garden Hotel
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IT InterviewOpportunity to boost terror insurance penetration seen amid lockdown
The socio-economic pressure on UK society could lead to a spate of terrorist attacks post-pandemic but there are measures that brokers can take to drive the penetration of terror cover up for SMEs and help ensure they can recover should the worst happen according to Geo Underwriting
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News AnalysisArdonagh downgraded following £2bn refinancing deal
But rating agency Fitch says it expects the broking group to continue to improve its EBITDA margin amidst the potential for increased cost savings as a result of its latest round of acquisitions, as well as a return to ’healthy’ free cash flow
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NewsRevealed: Top BAME insurance leaders and role models 2020
Some BAME insurance leaders from Aon, Aviva and Brokerbility have made it on to the list again this year
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NewsFCA appoints new chief exec
The new candidate will start in the autumn, with interim chief executive Chris Woolard continuing in his role until then
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NewsClaims Excellence Awards Finalist 2020 Q&A: Countrywide Hearing’s tool aims to simplify claims journey
Winners will be revealed at Insurance Times’s Claims Excellence Awards 2020 on 15 October at Kensington’s Royal Garden Hotel
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NewsSMEs still lacking terror cover as Reading attack highlights ongoing risks
After three men were murdered in a recent attack in Reading that is being treating as a terror incident, Geo Underwriting warns SMEs could be at risk without the right cover in place
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IT InterviewInsurtech offering brokers and underwriters PPL alternative sees business boom during Covid crisis
With Covid-19 accelerating electronic placing in the insurance industry, insurtech Whitespace is on a mission to help brokers and underwriters smoothly transact as its platform business is soaring
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NewsArdonagh tops debt above £1.8bn amid new M&A hunger
The broker also announced £300m in finance for its acquisition pipeline
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NewsPrimary Group buys majority stake in Leeds-based MGA
Investment holding company Personal Group has re-purchased personal lines MGA UK General Insurance Group after originally selling the business to J C Flowers in 2017.
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NewsUK personal lines market set for significant shrinkage following Covid-19
And the GlobalData research predicts it will take until 2022 for the market to recover lost GWP
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NewsCovid-19 hits Saga’s travel insurance sales but motor and home retention improves
The business has also sold 533,000 three-year fixed-price policies, with more than 60% of direct new business customers choosing this product
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News AnalysisShort-term rentals and Airbnb insurers impacted by Covid-19 lockdown
With lockdown easing, the sharing economy may be able to recoup some losses, but at the same time new risks and property exclusions have emerged
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NewsFormer RSA Ireland chief financial officer disqualified and fined €70,000 for under-reserving breach
The regulator’s investigation found that the senior leader had been involved in the insurer understating its claim reserve estimates by €29m
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NewsCovid19 forces sharing economy insurer Pikl to refocus business
With bookings dropping by more than 90% the insurtech has had to refocus, but it plans to launch some new products as it switches its target area of business during lockdown
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NewsProbitas 1492 gains Lloyd’s ‘in principle’ approval to establish managing agency
The new firm will assume the management of Syndicate 1492 from Capita Managing Agency Limited
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NewsWhite confirms Pukka to hand in Gibraltar licence at end of July
The move was designed to ‘rationalise the cost base’ of the business
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NewsIndustry must work harder to dismantle prejudice, says iCAN
The network is asking senior leaders in insurance to use their position to implement change
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NewsPIB Group’s McManus says the home working ‘experiment is working’
The broker’s chief executive told Insurance Times that the nationwide move to working from home in accordance with Covid-19 social distancing measures has ‘completely changed our attitude’
