News Analysis – Page 73
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News AnalysisFCA dual pricing ban could be ‘catalyst’ for Amazon to enter insurance
With rumours of Amazon entering the motorcycle and car insurance market, Insurance Times takes a closer look at how it might affect the industry
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IT Interview‘Mediocrity cannot be tolerated’ in impending LiP portal says Minster Law boss
Although the Litigants in Person portal is pencilled in for an April 2021 launch date, Shirley Woolham warns that unless it is ‘absolutely workable’, then further delays should be recommended
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News AnalysisLloyd’s boss acknowledges that insurance sector struggles with ethnicity data
Lloyd’s of London will be looking at how it can improve the collection of ethnicity data
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FeaturesTech could hold the key as Covid-19 causes BI to become a ‘surge event’
Keoghs partner explains how technology needs to be utilised in order to handle the vast uptick in business interruption claims as this typically low frequency incident becomes a ‘surge event’ following the onset of coronavirus
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IT InterviewBroker service Q&A LexisNexis: How motor insurance underwriting and pricing could evolve
Insurance Times speaks to LexisNexis Risk Solutions about the challenges ahead for brokers operating in the personal lines market
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FeaturesSedgwick advocates joint machine and human approach as false document fraud surges
The loss adjuster has seen an uptick in false document fraud during lockdown
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News AnalysisInside the burgeoning world of cannabis insurance
Insuring the cannabis market could be a key opportunity for brokers as the entire supply chain needs cover, but this potential goldmine does not come without legal complexities. Insurance Times investigates
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Online onlyBriefing: Brokers are upset - which insurers will lose customers over BI claims?
There are going to be winners and losers in broker sentiment following the pandemic claims. How much business is actually lost will be interesting as brokers form their opinions of providers who either supported or rejected their claims. Insurance Times annual star survey will reveal sentiment of brokers in these ...
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NewsTop 50 Insurers 2020 digital edition
The definitive ranking of the UK’s Top 50 Insurers by Insurance Times is here. Who claimed the number one spot in UK general insurance? Was it you? Catch the preview here…
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FeaturesUK Motor Focus: Should the government remove IPT for young drivers using telematics policies?
Following the House of Commons’ Transport Select Committee’s inquiry into the reasons why young drivers are at a higher risk of being involved in road traffic collisions, industry professionals share their views on one of the main solutions proposed to the government
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FeaturesCovid-19 evolves role of the broker in insurance – Novidea
Technology now has a a bigger place in the market and this could free up time for brokers to look at more complex tasks
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NewsThe Big Question November 2020: What harm will the continued delays to the claims reforms do to the insurance industry?
While April 2021 remains the deadline for the implementation of claims reforms, the ongoing Covid-19 pandemic means that this could be postponed yet again. Ministers will need to give notice as the uncertainty of an exact date could have a knock on effect for strategic changes and investment decisions in ...
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NewsNew insurer using traditional values to take a slice of the PI market
Peach Pi aims to capture a piece of the specialist PI market
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IT Interview‘Momentous trends’ set to ‘influence the market’ for telematics says The Floow chief exec
Autonomous vehicles, in-built car sensors and a changing perception of vehicle ownership will see the telematics insurance market evolve says insurtech boss
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News AnalysisBriefing: A bright future, or momentary relief for the motor market?
The impact of the nationwide lockdown earlier in the year is expected to help the UK motor market return to profit once again in 2021, but with underlying problems still dogging the market, this is only anticipated to offer temporary respite for motor insurers By insight editor Matt Scott
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IT InterviewOke Eleazu Bought by Many’s COO on improving racial diversity in insurance
Bought by Many’s chief operating officer, Oke Eleazu tells Insurance Times about his plans to combat systemic racism and increase diversity in senior roles after being inspired by his daughter to take a stand
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Online onlyBriefing: Five important ways revenue-hit aggregators could react to FCA price crackdown
Aggregators are likely to take a revenue hit from FCA reforms. Here are five ways they could react and its impact on insurers and brokers.
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IT Interview‘The insurable world will continue to grow’ says Gallagher Bassett’s UK chief client officer
With an increase in employment liability claims and potential insolvencies, Covid-19 is still impacting the claims landscape in a myriad of ways
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IT InterviewDLG makes ‘bold statement’ by adopting app-only telematics product says The Floow boss
Insurtech founder and chief executive says integrating telematics with smartphones produces a ‘very, very powerful predictor of claim propensity’
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News AnalysisWide area damage principle is ‘question on everybody’s lips’ for quantifying BI claims
Following the High Court’s ruling in September on the FCA’s business interruption test case, Insurance Times explores some of the key areas that could impact on quantifying these coronavirus-related claims
