Latest News – Page 508
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NewsBiba calls for flood defence spending pledge
Some communities in the north of England have been devastated by floods in recent days
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NewsWTW hire former JLT power broker
New hire will be responsible for growing the international property portfolio placed in the London insurance market
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NewsZego first UK insurtech to be awarded insurance licence
It will allow the insurtech to sell its own products, the news is a positive development for the sector
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Online onlyMeet Lauri, Keoghs’ new AI insurance lawyer
The new technology can save insurers tens of thousands of pounds in indemnity spend per claim, and has so far processed 5,000 claims
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NewsLaw firm partners fined £80,000 for selling insurance through own broker
FairPlane UK directors to cough up after breaching Solicitors Regulation Authority principles
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NewsDue diligence for cyber risk “good” or “excellent” say 23% private equity professionals – Mactavish
Some respondents in the survey believed that cyber cover was too expensive listing this as the main obstacle to obtaining it
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NewsCopart launches report on Brexit-driven trends in salvage market
Now that the UK is facing an election, there is yet another delay before the final timing of Brexit is pinned down. But, the expectation of the UK leaving the EU has already had a major impact on the motor salvage market
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NewsAgeas chief executive warns of unsustainable premium prices
Andy Watson reveals that climbing claims costs is creating pricing pressure.
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NewsSIB says brokers must be prepared to provide customised cyber cover
The professional body has recommended what brokers can do to tailor cyber cover
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NewsRe-insurance scheme helps quarter of a million households in high flood risk areas get cheaper home insurance
The Flood Re initiative has benefitted 3,049 Birmingham households to date
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Online onlyInsurance Times Awards finalist - Co-op’s innovative travel illness solution
The Insurance Times Awards 2019 is just around the corner, with more than a 100 finalists attending at our fabulous new Grosvenor House venue on December 22. Here we feature the Co-op’s entry into Customer Champion of the Year. To see more fantastic Q&As from finalists, click here. ...
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NewsFraudster cleric locked up for £31,000 personal injury scam
Luton-based pastor ordered to pay £16,000 after attempting to con court officials with personal injury insurance scam.
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News Analysis‘Computer says no’ – why e-trading still needs a human touch
When dealing with risk, e-trade can overhaul processes for brokers in terms of speed and efficiency. But, is it foolproof when dealing with complex risk? Insurance Times investigates
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AgendaNovember 2019 issue
In this month’s edition: MGA capacity woes; FCA pricing study; why computers won’t replace the human touch
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NewsVibe syndicate goes into run-off
The MGA had previously said it was closing some of its business units
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NewsEx-Aviva UK boss Andy Briggs lands plum role
Briggs had been on gardening leave from Aviva until last month
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NewsHiscox shares take a battering as opioid abuse scandal threatens to engulf insurance industry
Hiscox said it was taking pre-emptive action to head off a casualty catastrophe
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NewsDavies Group buys Irish loss adjuster
The confirmed deal marks Davies Group’s seventh acquisition this year.
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NewsBeazley reports 12% increase on gross written premiums for Q3
The London market insurer shows a total $2.192m for gross written premiums in the first nine months of 2019.
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NewsAllianz hit by claims inflation and Ogden rate change
Combined operating ratio deteriorated in the third quarter as cost of parts and labour rose sharply
