News Analysis – Page 80
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News
Insurance 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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Briefing: Aviva should avoid this strategic blunder
New Aviva chief executive Amanda Blanc faces one major issue that needs solving, but she is already facing distractions By content director Saxon East
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Breaking up Aviva: The greatest puzzle in insurance
Amanda Blanc faces a number of challenges as she takes over the helm at Aviva, but none are bigger than the problem of how to deal with the sclerotic UK business’s life and savings arm
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Features
HNW Focus: HNW capacity enjoys ‘resurgence’ despite economic Covid constraints
Although the Covid-19 pandemic has caused an economic recession across most industry sectors, the high net worth market is surprisingly buoyant. Insurance Times explores the key capacity trends within this sector.
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Features
HNW Focus: How can high net worth providers prove their value under current conditions?
The high net worth market has a distinct USP of providing a specialist service with a personal touch - but as Covid-19 causes face-to-face interaction to dwindle while digital communications take the reins, is the sector therefore suffering? Industry experts share their views
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News
The Big Question July/August 2020: What lines of business will harden or be most exposed following Covid-19?
In Insurance Times’s July/August 2020 issue, we ask the insurance market which business lines they thought might harden and which might be the most exposed following the coronavirus crisis.
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News
The history (or mystery) of the broker remuneration debate
The debate recently resurfaced following a report from Mactavish which called out the broker model, but what is the history behind the debate?
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News Analysis
Covid-19 has polarised consumers on data sharing
Insurers will be challenged with how they respond to the polarising impact of the coronavirus pandemic, and they must not fall into the trap of excluding a large swathe of vulnerable customers from their books of business
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News Analysis
Briefing: How coronavirus has changed the personal lines playbook
Denied business interruption claims has been the big story in insurance over the last few weeks, but personal lines insurers cannot rest on their laurels when it comes to the changes facing the market as a result of Covid-19
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Briefing: The big Aviva challenge facing new CEO Amanda Blanc
Aviva chief executive Amanda Blanc has no easy strategic path in solving the Aviva problem
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IT Interview
Great businesses have greater value – Mistry defends broker consolidation
Brokerbility’s executive chairman Ashwin Mistry says that good businesses will always invest for the future, and that they should be rewarded for that in the valuation of their business when it is put up for sale
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IT Interview
‘Future of insurance as insurtech’ more crucial than ever says Insurtech Board chairman
The future of insurance is insurtech and this is more important now than ever as the UK emerges from lockdown, according to the chairman of the Insurtech Board (Tech Nation UK).
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News Analysis
Coronavirus: B&B owner faces ‘timebomb of debt’ after BI claim rejected by AXA
The results from the FCA’s test case could come too late to save struggling SMEs that are facing daily financial hardship as a result of the Covid-19 pandemic. Insurance Times hears from Stamford House Bed and Breakfast about its claims experience and fears for the future
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News
Aviva commitment to UK GI seen in Blanc hire - brokers react
News of Blanc’s appointment was seen as positive by a broad swathe brokers, but not everyone welcomed the move
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News Analysis
Local Leicester lockdown could prove ‘difficult for insurers’ defending rejected BI claims
Business interruption policies triggered by Covid cases at the insured premises, or within a defined radius, may come under closer scrutiny as city-centric lockdown confirms the local impact of the pandemic
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IT Interview
‘There’s always misinformation and bravado around multiples’ says new GRP boss Mike Bruce
Despite the advantages of consolidation, Bruce added that this is still viewed negatively within the broking sector
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News Analysis
Briefing: The sorry (but unsurprising) tale of Gefion’s collapse
Solvency and liquidity issues have dogged the unrated Danish insurer for years, but brokers will be hoping that early regulatory intervention will have saved them a lot of pain as the insurer’s collapse continues to unfold
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IT Interview
Q&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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News Analysis
The 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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Briefing: MGAs or brokers? Where Ardonagh, PIB & Aston Lark will find cheap deals
Ardonagh will soon be back on the acquisition trail following its mega-refinancing last week. Aston Lark and PIB are still making deals. But the Covid crisis and capacity crunch will have an impact on acquisition targets.