Latest News – Page 459
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NewsZurich reveals 2020 ethnicity pay gap figures
The insurer said that there is more to be done and has called on the government to provide the right tools to tackle racial inequality in the workplace
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NewsGoCo Group hires new chief financial officer
The new appointment has served tenures at Photobox Group and Expedia
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IT InterviewQ&A: Price should not be viewed in isolation as more tailored policies become the norm post Covid-19 says Purbeck boss
Todd Davison, managing director at personal guarantee MGA Purbeck Insurance Services, speaks to Insurance Times about the ‘new normal’ post Covid-19 and why policies shouldn’t purely be price driven
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NewsSure Thing! changes name to Policy Expert
Motor broker Sure Thing! has changed its name to Policy Expert. the move brings together the broker and the insurtech. Read more…
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News AnalysisThe Insurance Times top 5 insurer collapses
Following the news that unrated Danish insurer Gefion has gone into liquidation after its licence was revoked, Insurance Times takes a look at five of the biggest insurance disaster stories of the last 20 years
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NewsR K Harrison partners with Ageas for land and estates insurance scheme
The five-year agreement is effective from 1 July
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NewsTysers Insurance Brokers appoints new independent non-executive director
The new hire was the former chief executive at the Association of Lloyd’s Members
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NewsGRP back on acquisition trail following Searchlight takeover
The deal marks the broking group’s first foray into the health insurance market, with further acquisitions planned for the sector
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NewsLemonade valued at $1.6bn ahead of IPO
But this still leaves Lemonade with a valuation lower than the $2bn investors valued the company at last year
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NewsAviva pulls Facebook ads amidst ongoing hate speech row
The Stop Hate for Profit campaign claims that Facebook is not doing enough to remove hateful content on its platform and is urging businesses to suspend advertising over the course of July
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NewsHowden predicts post-pandemic ‘capacity crunch’ for M&A insurance market in 2021
The economic fall out from the coronavirus pandemic will likely see a ‘significant capacity crunch’ that is expected to hit the M&A insurance market in 2021, according to Howden. Read more…
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NewsSpecialist Risk Group agrees acquisition of UK insolvency market player
Specialist Risk Group (SRG) has agreed the acquisition of a UK insolvency market player, subject to regulatory approval. As part of the acquisition, a global reinsurer will provide SRG with ongoing capacity for particular risk exposures. Read more…
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NewsJensten Group acquires wholesale and retail broker
Jensten Group Limited has acquired a wholesale and retail broker effective from today.
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FeaturesFinancially stressed policyholders are a ‘moral hazard’ leading to increased claims
Insurance Times explores the correlation between policyholders’ financial stress and their propensity to make claims - here, we explain what insurers can do to recognise and aid these vulnerable customers…
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NewsBritish theatre at risk due to ‘inadequate insurance cover’
But refund protection insurance is experiencing an uptick in popularity
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NewsLloyd’s calls for industry and government collaboration to mitigate future systemic risks post-Covid19
Lloyd’s of London is calling for close collaboration between insurers, brokers, customers, the global industry and government in designing cover for future systemic risks, which it says are complex.
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NewsLegacy systems tipped as main barrier to insurance digitalisation
Despite this, just over a quarter of participants in an Insurance Times poll thought the barrier was cost
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NewsUsage-based insurance attracts funding despite drop in insurtech investment
Pay-per-mile policies are much more popular with the younger demographic
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NewsInsurtechs poised to prosper from post-pandemic business models
Many businesses are adapting their business model post-pandemic and seeking out on-demand insurance to cater to delivery surge, which could be a win-win situation for insurtechs
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NewsGRP moves into healthcare sector with first acquisition since Searchlight investment
GRP takes first steps into new industry sector with first acquisition since private equity investment earlier this month.
