Latest News – Page 397
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FeaturesThe Briefing - Insurtech: How can insurtechs support insurers and brokers throughout the Covid-19 pandemic?
As insurers and brokers remain working from home in light of the coronavirus crisis, insurtechs could be key in supporting and improving digital ways of working
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Online onlyPremfina boss in incredible effort with covid art auction fundraise
Premfina Bundeep Rangar in huge effort which could raise up to £1.5m to support covid causes
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NewsCredit rating agency says insurers’ credit quality could be affected by BI court cases
The firm’s latest report stressed ‘the impact of potential liability exposure, particularly in relation to event cancellation and BI claims’ linked to the coronavirus pandemic
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NewsInsurance sector 'takes no pleasure' in declining Covid-related BI claims, insists ABI
In an open letter to SME signatories, the ABI director general says state support is the only way to make pandemic insurance affordable for small businesses
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NewsLaka details ‘future of insurance’ proposition post Covid-19
The insurtech has seen people that have not considered cycling previously look into insurance
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News AnalysisBiba denies broker commission is “huge conflict of interest”
Meanwhile others in the industry have also defended brokers
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NewsInsurethebox communications technology has prevented more than 1,000 accidents
Insurethebox has estimated that its Speed Reduction Programme has helped prevent 1,060 accidents, avoiding 34 serious injuries over the past four years
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NewsCapsicum Re launches ransomware modelling solution
Flexible model enables both portfolio aggregation and attritional loss perspective through consideration of specific ransomware strains
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NewsLloyd’s gets green light for next stage of Brexit transfer plan
Lloyd’s of London has confirmed its Part VII strategy for telling customers that it is transferring the Lloyd’s market’s existing European business that will be affected by the loss of passporting rights from Lloyd’s members to Lloyd’s Insurance Company S.A. has been approved by the High Court.
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IT InterviewIndustry set to grow post Covid-19 due to ‘greater appreciation’ of insurance
Following the worst of the Covid-19 pandemic, commercial and financial technology firm FIS believes insurers could see a “natural growth” in their business if they respond to consumer demands for more mainstream pandemic coverage.
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NewsAxa to pay some French restaurant business interruption claims after losing court case
Case could set a precedent for similar cases against insurers in the UK
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NewsLondon Bridge attack terror survivors’ families secure insurance payouts
It is the third anniversary of the attack
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NewsRestaurant owner slams ‘unacceptable’ Covid payout refusal
Hampshire-based business has joined the Hospitality Insurance Group Action in a bid to force an insurance payment
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NewsBroker remuneration model presents a ‘huge conflict of interest’ amid the Covid crisis
Compliance firm calls for a complete overhaul of the remuneration model
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IT Interview‘Our relationship with insurers is very strong’ says Copart UK boss
Insurers initially turned to salvage as a solution when body shops and repairers struggled to secure parts amid Covid-19 pandemic
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NewsBy Miles raises £15m in Series B funding
Another insurtech has raised funding despite the uncertainty posed by the pandemic
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NewsCovid-19 is ‘kick ass call to action’ for insurers to move away from traditional working patterns
The Covid-19 pandemic and associated lockdown regime is a “kick ass call to action” for insurance companies to reinvigorate working patterns to adapt to “new social norms” once offices re-open.
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NewsInsurtech funding drops by more than half during first quarter
Covid-19 pressures seen as the primary reason for the drop
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NewsLaw firm launches group action against Hiscox and RSA for rejected Covid-19 BI claims
Specialist insurance law firm Edwin Coe has launched two new group claims against insurers Hiscox and RSA regarding rejected business interruption (BI) claims linked to the ongoing Covid-19 pandemic.
