News Analysis – Page 76
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News AnalysisBI test case decision is ‘conclusive judgment in favour of policyholders’
Industry expert says the verdict is ‘no surprise’, however the industry is ‘nowhere near the finishing line’ as insurers now need to reassess their business interruption policy wordings
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Online onlyBriefing: Customers will face more agony despite test case ruling
The FCA ruling will only help some clients and, even then, there will be arguments over payouts. The FCA ruling closes one chapter on this unedifying experience for the insurance industry. There are lessons to be learned.
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NewsFCA test case is a ‘complex judgment’ that will take time to understand
Following the High Court ruling yesterday on the FCA’s business interruption test case, Insurance Times looks at the potential impact on insurers
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News AnalysisTest case judgment could be ‘the difference between life and death’ for Covid closed businesses
Brokers rejoice as High Court ruling provides clarity for customers’ business interruption claims caused by Covid-19 pandemic
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News AnalysisInsurance industry relays recommendations as pre-legislative draft Building Safety Bill scrutinised
As the draft Building Safety Bill (BSB) 2020 was scrutinised yesterday afternoon in Parliament, the insurance industry gave its recommendations and raised its concerns about the pre-legislation.
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Online onlyTroubled Saga fights to turn the tide
Saga has a mountain of debt. It’s cruise and travel revenue has been choked off by Covid. Then it rejected a bid led by ex-Aviva boss Mark Wilson, instead opting for a share placing raise led by former chairman Roger De Haan. Will it be enough to steer the firm ...
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News AnalysisHospitality and leisure sector should expect ‘surge’ in EL claims
Law firm partner notes ‘that Covid negligence claims will make PPI claims look like a warm-up act’
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FeaturesDelegated authority agreements: What are the red flags and long-term fixes?
Delegated authority agreements have become a staple for many insurers. Insurance Times takes a look at the pitfalls to be wary of, the questions insurers should be asking and how to ensure these arrangements are successful
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NewsLloyd’s John Neal reflects on ‘huge impact’ of pandemic but commends market’s achievements
Lloyd’s of London boss says that it’s important to get plans right for 2021 and not undo all the good work the market has done in previous years
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FeaturesHow telematics can serve the boat insurance market
Telematics guru tells Insurance Times how the boat insurance market could benefit from telematics as she reveals plans in her latest partnership and role as interim chief exec
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News AnalysisBriefing: How covid has killed networking and what it means for (re)insurance
With the Covid-19 pandemic putting a stop to industry conferences and networking events, innovation and relationship management is taking a hit By insight editor Matt Scott
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IT InterviewAston Lark boss gives predictions of FCA BI test case result
Peter Blanc, Aston Lark’s group chief executive, tells Insurance Times his predictions as the date for the verdict of the FCA business interruption test case approaches
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News AnalysisVulnerable customers on the rise post-Covid-19, but insurers and brokers can help with better credit options
New research from Consumer Intelligence, published exclusively by Insurance Times, reveals how vulnerable customers are being affected by the pandemic, as well as why this represents an opportunity for brokers and insurers to boost their brand’s reputation and their underlying business performance by offering better credit options for paying by ...
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News AnalysisOnline fraud and cyber scams soar during pandemic lockdown but insurance for it 'fairly new'
A spike fraud and cyber scam in cases has exposed a new risk for the cyber insurance market, Insurance Times looks at what the industry is doing to protect vulnerable customers during the pandemic and why some many not be covered if they work remotely
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News Analysis‘Keen to make acquisitions’ – Gallagher chiefs discuss M&A strategy
Gallagher has a strong balance sheet and a track record of buying UK brokers. Gallagher UK underwriting and broking boss, and M&A head Olly Homer, discuss acquisitions. The duo insist a strong cultural fit is paramount in making a deal.
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AnalysisThe Rooney Rule: Could it improve the recruitment and retention of ethnic minorities in insurance?
After one Lloyd’s syndicate might be adopting such a strategy, Insurance Times examines whether the Rooney Rule might solve the ongoing recruitment and retention issues of black, Asian and minority ethnics in the insurance industry
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News AnalysisBriefing: Insurers need to prepare for the economic and social fallout from Covid-19
The coronavirus pandemic has created a new world for insurers to operate in, and it is one that is made up of new and increased risks. Insurers will need to adapt to this new risk landscape if they are going to thrive in the new normal By insights editor Matt ...
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News AnalysisBrightside’s Derek Henry on the future of personal lines
The Covid-19 pandemic has created some big challenges for the insurance market, not least for those involved in the business interruption and event cancellation markets. Brightside’s managing director of broking spoke to Insurance Times about coronavirus, the polarisation of the personal lines market and the rise of short-term insurance.
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Online onlyBriefing: Looking back at a history of problems in the solicitors’ PI market
A market rife with historic challenges, solicitors’ professional indemnity is once again making headlines as premium prices are predicted to escalate. But what else has plagued this niche? Insurance Times takes a closer look By content director Saxon East
