Latest News – Page 452
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NewsLV= launches monthly car insurance subscription
The online only product is the first under LV=’s new ‘Flow’ brand
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NewsAston Lark snaps up employee benefits broker
The acquisition boosts the brokers employer benefits offering
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Online only‘Do the right thing’ - Handbag maker boss in Covid legal fight with Aviva
Handbag maker joins legal action group
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NewsHiscox ups Covid reserving in face of ‘largest insured loss in history’
Hiscox revised its reserving upwards alongside taking into account potential business interruption payouts; the insurer believes its exposure to Covid-related BI claims could be between £10m and £250m
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NewsArtificial intelligence will need regulatory governance for use in insurance processes
Panellists at an Insurance Times webinar highlighted that although artificial intelligence and machine learning will increase within the insurance sector, there will need to be governance introduced around it to ensure ‘the machines know what they’re doing’
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NewsClaims Excellence Awards Finalist 2020 Q&A: Digi2L’s claims portal redefines process
Winners will be revealed at Insurance Times’s Claims Excellence Awards 2020 on 15 October and further details will be announced shortly
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NewsDigital momentum here to stay post lockdown
Move to digital seen a gradual process rather than a rush
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Online only‘We need to take out more cost’ - RSA boss Hester on UK
RSA chief executive Stephen Hester today said more costs need to be taken out of the UK. The firm will build on the program launched at the end of last year.
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Online onlyGallagher posts ‘excellent’ results and eyes UK M&A
The broker’s bottom line was helped by a tightening of expenditure
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NewsBrit bottom line hurt by Covid-19 claims payouts
The insurer’s combined ratio went into negative territory in the first half of the year
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NewsRSA improves underwriting profit by 33% for 2020 H1
The insurer added within its H1 trading results that although ‘business interruption coverages are not expected to be eligible for Covid-19 claims, there are a number of areas where claims are being paid’
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News‘It’s not the size of your cloud that matters, it’s what you do with it’ – SSP
The cloud has been critical to saving the insurance industry time and money, but it is less about size and instead depends on how firms use it. An expert panel discuss its use and overall impact during an Insurance Times webinar
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NewsThe legacy of Covid-19 will be the end of legacy – how a global pandemic is accelerating the adoption of cloud platforms
Industry experts discuss the change in business approaches as insurers decide whether Covid-19 reactions are a ‘one-time thing’ or have ‘fundamentally changed the fabric of the business’
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IT InterviewDLG motor claims dropped by 70% during Covid-19 pandemic peak
The insurer’s head of claims says ‘we’ve just got to be ready’ for claims escalation as lockdown eases
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NewsDARAG Group appoints new group head of claims from Tokio Marine Kiln
The new hire will start with the firm from 17 August
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NewsFCA business interruption test case: Day 8 - as it happened
A test case brought by the FCA against eight insurers could have significant consequences for insurers, brokers and policyholders. We report on the latest from the High Court…
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News AnalysisLancashire falls to $23m H1 loss as Covid-19 claims hit hard
The insurer increased its loss estimate for Covid-19 to $42m
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NewsInsurtech Digital Risks to rebrand as Superscript amid global ambition
Insurtech Digital Risks will be rebranding as Superscript as it guns to become the global leader in SME insurance.
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NewsClose Brothers chief exec Sharon Bishop steps down
Sharon Bishop is stepping down as chief executive of Close Brothers Premium Finance after seven years in the role, and 17 years overall at the firm.
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NewsTaxi driver sentenced for bogus personal injury claim
The court held that the personal injury claim was “full of inconsistencies”
