Latest News – Page 392
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NewsHome insurance market set to contract by 1.4% as a result of Covid-19
Data and analytics firm predicts that gross written premiums within the UK home insurance market will drop to £5,935 in four years’ time
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NewsCovid-19 presents new opportunities for MGAs versus ‘clunky’ capacity providers
Technology-enabled MGAs have the ability to innovate and be entrepreneurial in the wake of the coronavirus crisis says leading industry experts
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NewsLloyd’s of London reveals plans for September re-opening featuring Covid precautions
It will be making use of video calling as well as establishing a virtual room where brokers and underwriters can connect according to Lloyd’s boss John Neal
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FeaturesTotus Re – the reinsurer for reinsurers
With the insurance industry taking a reputational hit during the pandemic, the two founders of Totus Re argue that a proactive stance could be a move in favour of the sector
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IT InterviewEtrading Q&A: Insurers need to up their game on the risks available via etrading says Allianz
Allianz’s digital trading manager says speed of delivery is a key area of improvement within etrading, but insurers also need to meet the demand to write more complex risks digitally
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Online onlyLloyd’s and RSA apologise for role in the slave trade
Lloyd’s and RSA have apologised for their role in the slave trade after they were named in an academic database revealing companies that had benefitted, either directly or indirectly, from compensation payments upon surrendering rights to slave plantations.
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NewsMore than a third of EMEA insurers face negative ratings action due to Covid-19
The ratings agency reviewed its portfolio as a result of the crisis, resulting in ratings actions being taken against 84 insurance groups , with downgrades accounting for 12% of actions
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NewsMarkel stops writing personal accident and contingency insurance following strategic review
Markel International has announced that its wholesale business will be focusing solely on the entertainment book of business
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NewsCovid-19 uncertainty could have 'significant impact' on some insurers’ capital positions, says PRA
The PRA’s latest stress test of the UK insurance industry has found that some insurers could be exposed to “significant” risks from the uncertainty surrounding the Covid-19 crisis.
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NewsClaims Excellence Awards Finalist 2020 Q&A: Sedgwick’s work during the aftermath of Hurricane Dorian
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 InterviewQ&A: Brokers understand customers who ‘don’t fit the standard box’ says ThingCo chief exec
Insurance Times speaks to ThingCo chief executive Mike Brockman on how telematics is going wrong and what brokers can do to overcome hurdles and cost barriers in order to make telematics work.
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IT InterviewInsurance sector is ‘going to be seen as uncaring’ as a result of Covid-19 outbreak
PIB Group’s chief executive says the insurance industry will be painted as the villain of the coronavirus crisis
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NewsBGL Group names new chief executive as Matthew Donaldson steps down
Matthew Donaldson steps down after twenty years at BGL, with his successor starting from the 1 September
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NewsTwo travel insurers for over 50s offer Covid-19 cover
The over 50s age demographic has been earmarked as the most vulnerable to Covid-19 and the two insurers aim to give policyholders peace of mind when travel restrictions ease up
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NewsBypassing the broker could lead to reputational crisis, says Aston Lark chief
Many customers are unaware whether an insurance product that they are buying is good or not, if they solely rely on technology
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IT InterviewAlchemy Crew seeks to uncover ‘true issues and gaps’ in insurance sector growth strategies
Fine tuning growth strategies for the insurance industry post-pandemic will be the key to growth, according to Sabine VanderLinden, co-founder at Alchemy Crew
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IT InterviewInsurers re-setting HNW boundaries to take advantage of higher premiums and margins
The mid net worth market is likely to merge into core domestic household products says loss adjustor
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NewsCharles Taylor appoints AXA global corporate solutions boss as new group chief executive
He has previously worked at AXA and Aon in senior roles
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NewsPIB Group to rebrand 12 businesses under PIB Insurance Brokers
The move aims to create a united specialist commercial lines division
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NewsBlanc blasts poor insurer communication over Covid BI exclusions
Industry hasn’t explained the reasons for pandemic cover exclusion properly, the Aston Lark chief said
