Latest News – Page 455
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NewsAdmiral founder Henry Engelhardt back in business
His new company, Wrightwood Investments, is a venture capitalist firm
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News AnalysisBroker schemes susceptible to Covid claims fallout
Although broker scheme policy wordings are typically the result of broker and insurer collaboration, industry voices believe schemes could be ‘possibly more exposed’ to Covid-19-related BI claims ‘purely because some of the wordings may not have received the usual insurer level of scrutiny’
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NewsNew aggregator app aims to cut broker admin costs
YourBlock will allow consumers to access all their different financial products from one platform, without the need for all their personal information to be shared with the insurer
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NewsMarine insurance: losses at all-time low, but Covid-19 clouds on the horizon
Consequences of coronavirus and a sustained economic downturn could however threaten long-term safety improvement
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NewsMuch at stake for insurers, brokers and policyholders as FCA test case kicks off
The ruling on this week’s test case could have profound reputational and economic implications for insurers and brokers alike
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NewsBrolly to ‘end all contents policies’ after sale to Direct Line
Insurtech Brolly will be ’ending all contents insurance policies’ following its sale to Direct Line Group.
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NewsClaims Excellence Awards Finalist 2020 Q&A: DWF Law cuts costs using telematics data in claims courts
Winners will be revealed at Insurance Times Claims Excellence Awards 2020 on 15 October, further details will be announced soon
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NewsTokio Marine Kiln reveals new head of claims
The head of claims will lead a new claims executive team
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NewsHow brokers are monitoring employee mental health with a home-working insurance industry
As many businesses in the UK continue to work from home during the Covid-19 pandemic, the mental health of staff that work remotely has been brought to light. Insurance Times looks at how broker bosses are managing the mental health of their employees.
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NewsSam White reveals objectives for new MGA Stella Insurance
Sam White has officially revealed her new insurtech called Stella Insurance and it will be launching in Australia.
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IT InterviewClaims Excellence Awards 2020: Fraud solution finalists outline best-in-class USPs ahead of awards event
Insurance Times speaks to the three finalists within the Fraud Solution of the Year category for this year’s Claims Excellence Awards, getting the low-down on cutting edge fraud technology as well as finding out why achieving the award win would be so important
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NewsPenny Searles returns to telematics in senior position
Penny Searles, founder of Wuneli and Smartdriverclub, has been appointed as non-executive director of telematics firm Trakm8.
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Online onlyJuly/August 2020 issue
In this month’s edition: Broker professional indemnity could become uninsurable due to Covid BI claim concerns, high net worth capacity enjoys buoyancy despite current climate and an insurance collective aims to start an initiative that goes beyond plans for a Pandemic Re
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FeaturesFCA test case could be death knell for brokers’ PI cover if insurers win
Industry voices fear the fallout of the regulator’s test case on the broker PI market, predicting that it could become ‘a backstop for the entire business interruption industry’
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NewsDirect Line Group buys insurtech Brolly
Direct Line Group has acquired insurtech Brolly, but the deal is not expected to close until Q3 2020.
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NewsJensten Group snaps up HTC Associates in second post-lockdown deal
The deal follows Jensten’s acquisition of wholesale and retail broker Senior Wright
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NewsInsurance industry backs government’s flood investment plans in fight against climate change
The insurance industry has commended the Department for Environment, Food and Rural Affair’s (DEFRA) record investment £5.2bn as it sets out long-term plans to mitigate flood risks against the backdrop of climate change. Many agree that a common goal must be established to reduce the damage caused by flooding.
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NewsMotor premiums fall, but Covid-19 claims uncertainty remains
Pricing for the new normal that will emerge post-coronavirus will be difficult for insurers to navigate, says Willis Towers Watson
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NewsGefion liquidators revealed after unrated insurer's licence revoked
Chief executive Tonny Anker-Svendsen said the Covid-19 crisis had hampered efforts at raising additional capital
