All News articles – Page 7
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Latest NewsManifesto 2021: Biba launches resilience-themed 2021 manifesto
The trade body flags seven key topic areas that are of prime importance for brokers over the coming year
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Government in talks with insurers over rising D&O cost
Widespread concerns that small businesses in particular are struggling to meet the cost of rising D O premiums
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Majority of businesses aware of flood risk, but less than half have comprehensive cover
The insurtech MGA revealed the findings from its latest report as part of its risk awareness campaign – Flood February set to target commercial lines brokers
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Revealed: Two insurers top Insurance Times’s personal lines survey with five stars each
The results for this year’s personal lines five star ratings are in - two insurers have trumped the competition to achieve five stars each, but can you guess who they are?
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Irish High Court rules against insurer FBD in Covid-linked BI claims case
The ruling could impact claims made by around 1,000 Irish pubs and restaurants
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MPs to launch inquiry into LV= potential takeover
The All-Party Parliamentary Group for Mutuals are ‘concerned’ about how the proposed sale could affect ‘LV= members, the insurance industry and competition and choice in financial services’
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Motor injury claims fall by 23% year-on-year due to Covid-19
Overall, claims fell by 47% last year across motor, employers’ liability, public liability and clinical negligence claims
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Covid claims lead to Beazley profit plunge
Claims payouts from the coronavirus pandemic have led to a significant decline in profit for the insurer
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MS Amlin Underwriting appoints chief risk officer
Vishal Desai joins from the Bank of England, where he is acting head of division, general insurance risk specialists and chief actuary
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Average global commercial insurance premiums see ‘record’ quarterly rise - Marsh
Despite significant price increases seen in the last quarter of 2020, premiums for some classes are beginning to plateau though
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Ardonagh snaps up Lloyd’s professional indemnity broker
Although the transaction is still subject to regulatory approval, on completion it will see the broker become part of the wider Ardonagh Advisory platform
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Insurance sector is in ‘a digital arms race’ – Salesforce
The industry needs to get better at using data for cross-selling and upselling opportunities, according to expert panel
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Home insurers will benefit from pandemic claims trends in 2021 – Fitch Ratings
However, credit rating agency director believes ‘the pricing environment in the household sector’ will ‘remain weak’
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Broadway Insurance Brokers’s new director of business development set to ‘supercharge’ expansion
He has more than 40 years of experience and is one of the North West’s most respected bankers
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Apollo Syndicate Management appoints new group chief operating officer
The new hire has served tenures at both Lloyd’s and HSBC
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Former Allianz Business Services MD to lead JM Glendinning’s Newcastle office
The move will also see the firm’s former managing director of the North East take on new board responsibilities
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E-scooter insurance demands from local authorities are ‘very different’
Local authorities have very different capabilities when dealing with the procurement of e-scooters and insurance demands also vary
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Insurance claims against property agents surge – Mint Insurance Brokers
Over the last year and a half, there has been a surge in claims due to tenants’ deposits not being lodged on time
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Cyber insurers see ‘strong growth’ for coverage after spate of online scams amid lockdown
Despite this, insurers must have adequate capacity to cover evolving cyber fraud
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Backchat January/February 2021
Deers in the swimming pool, exploding ovens and an outgoing president - what has the insurance industry been up to at the start of 2021? Plus, which profession pays the least for car insurance premiums? You heard it here first…
