Latest News – Page 436
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NewsMost insurance CFOs planning to automate 5-20% of finance controls – EY
Automating financial controls could save insurers money and make room for more complex tasks, says EY
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NewsOpportunity for specific Covid-19 cover as SMEs fear business losses says data analytics firm
Commercial insurers may be affected as business owners could have a reduced budget for insurance if they are struggling for custom amid coronavirus recession
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NewsInsurance industry ‘needs to step up its efforts’ around diversity and inclusion
At the ABI’s first virtual diversity summit event, industry professionals and allies took on difficult conversations around black inclusion, highlighting what the insurance sector is doing to increase diversity
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IT InterviewMGA Q&A: Geo Underwriting continues to expand
Geo Underwriting’s chief commercial officer Nick Sharp speaks to Insurance Times about why it’s an exciting time during the MGA’s journey and how it has responded to the Covid-19 pandemic
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IT InterviewGeobear – the tech firm cutting the insurance industry’s subsidence claims costs by 20%
Subsidence claims are lengthy and expensive to solve, however Geobear is working with the insurance industry to reduce costs and cut claims down time by 70%
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NewsABI’s Huw Evans says BI test case appeal is ‘unsurprising’
The association’s director general believes the resulting judgment ‘could impact insurance for the next decade’
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NewsFlood Re’s credit rating upgraded
Credit rating agency maintains that the reinsurer’s ability to handle large claims warranted an upgrade
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FeaturesBroker Scheme Focus: Should brokers take some responsibility for customers with unpaid Covid BI claims?
Insurance Times gets different perspectives on whether scheme brokers should share the blame when it comes to unsatisfied business interruption customers left with unpaid claims due to the coronavirus pandemic
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NewsInsurers need to ‘get to grips’ with timber to progress construction’s net zero targets
Brokers can play a key role as educators to support the construction sector to use more timber in a bid to reduce carbon emissions
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NewsCII appoints Aon UK chief executive as new president
At the professional body’s annual general meeting today, the CII also confirmed a new deputy president
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NewsA-Plan snaps up telematics broker, with more acquisitions in the pipeline
A-Plan Group has made its first purchase since announcing its takeover by Hyperion
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NewsBirrell Group buys commercial broker in second acquisition this month
The purchase signals Birrell Group’s ambition to ‘build out our Midlands footprint’ since becoming GRP’s regional hub
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NewsInsurtech Superscript becomes a registered Lloyd’s broker
The move follows the insurtech registering as a Lloyd’s coverholder in 2019
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NewsEcclesiastical committed to improving claims handling following Independent Inquiry
The insurer has responded to the Independent Inquiry of Child Sexual Abuse (IICSA) that slammed Ecclesiastical for not providing complete evidence
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NewsBrit and African Caribbean Insurance Network team up to address insurance industry ethnic diversity
The two will work together to attract new graduate talent by promoting the insurance profession amongst students
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NewsArdonagh data breach reported to Information Commissioner
Firms are required by law to report breaches within 72 hours
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NewsSedgwick appoints new UK broker business development director
The new hire will oversee and support Sedgwick’s broker partners based in the Midlands and the south of the UK
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IT InterviewMGA Q&A: Gresham Underwriting says ‘meeting broker demands is key’
Gresham Underwriting’s chief underwriting officer, Robert Munden speaks to Insurance Times about why brokers are at the centre of what the MGA does
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NewsBackchat October 2020
Bush tucker trials and some celebrity sightings. What has the insurance industry been up to of late? You heard it here first…which brave insurance professionals ate bugs and got their legs waxed?
