News Analysis – Page 87
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News
The Big Question April 2020: Are insurers right to refuse coronavirus business interruption cover?
Coronavirus cases are mounting daily, the death toll is rising and airlines like Flybe as well as retailer Laura Ashley are filing for administration as sales take a nosedive. Many businesses are going into lock down to contain the spread of the virus and protect their staff, but are insurers ...
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IT Interview
Leaders should be ‘fearful’ of SMCR regime, says KPMG director
Behaviour and culture should be a key focus for industry leaders as recent regulation indicates that insurers are not doing enough
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News
Covid-19 boosts opportunistic insurance fraud, says BAE Systems
The firm’s counter fraud director believes fraudulent claims will ‘slip through the net’ amid the current public health and hygiene focus
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Agenda
How the rise of AI could change the face of insurance
Artificial intelligence is making huge inroads into what were once professional occupations, including selling insurance. But in areas such as medicine, who pays if something goes wrong?
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Features
How is coronavirus impacting key business sectors?
Covid-19 is leaving an unstoppable imprint across global businesses – Insurance Times reviews the current lay of the land in the industry sectors most affected
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Agenda
Insuring reputational risk opens opportunities for new business
Protecting brand reputation has become a top priority for insurance businesses
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News
Non-financial misconduct: Is the insurance industry proactively calling out bad behaviour?
Following the FCA’s ‘Dear CEO’ letter, is the insurance industry doing enough to create a culture of ”openness and honesty” - or is there more to be done?
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Features
Shining the spotlight on broker ‘secret commissions’
Defined as a ‘species of fraud’, brokers have to come clean about hidden commission transactions in order to avoid legal repercussions
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Features
What does Aon’s purchase of Willis Towers Watson mean for brokers?
Industry voices fear that consolidation between two of the UK’s largest brokers will lead to a ‘stagnating’ market and ‘significant change’ of the sector as we know it
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News
LV= says it is ‘operating at a different level’ as it gains star in 2019’s five-star rating report
The insurer gained an overall three-star rating this year to rank fifth in Insurance Times’s personal lines ratings table
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News
High-profile data breaches pushes cyber insurance up agenda
More needs to be done by large corporates to ensure that client and customer data is protected
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IT Interview
Broker consolidation not ‘a good thing for the future’, says Kennett boss
Brokers and startups will turn to reinvention in the long-term, but for now, consolidation is ‘here to stay’
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Online only
Briefing: Job losses and Willis Re hived off - implications of the Aon merger
Deal was announced today having been mooted last year
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Features
Green parts market gains traction for accident repairs
The use of recycled car parts for repair may be in its infancy, but industry voices predict a boost in business to meet consumer demands
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News Analysis
Direct Line aims to reduce expense ratio amid business transformation
Despite a challenging motor market post-Ogden the insurer is pushing forward with digital transformation and is “well prepared” for Coronavirus claims
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News
Aviva to invest in digitalising broker channels
The insurer’s UK chief executive confirms that ‘we want to invest in those relationships’
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News
The Big Question March 2020: What can be done to help those providing professional indemnity products?
With classes of professional indemnity (PI) struggling, Insurance Times asks the industry what can be done to support those offering such products
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News
Coronavirus not covered under standard business interruption policies says Aviva
The insurer’s chief executive said its policies provide ‘minimum coverage’ in terms of listed diseases within BI policy wordings
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News
Coronavirus: will ‘notifiable disease’ status be a game-changer for insurance?
Being a notifiable disease means cases have to be reported to the relevant authorities by law
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Online only
GoCo shaking up price comparison as auto-switching customers boom
GoCo’s autoswitching customers surge past the 300,000 barrier