All News articles – Page 9
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Latest NewsEnterprise Act risks BI payout ‘ticking time bomb’ for insurers, warns law firm
Devonshires’ Stephen Netherway tells Insurance Times how the Enterprise Act could affect business interruption pay-outs following the Supreme Court appeal ruling earlier this month
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Markerstudy Group reveals £200m investment
Markerstudy Group will use this investment to deliver a sustainable growth programme through a combination of organic and acquisition-led expansion
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Tesco Bank to underwrite its motor and home insurance book in-house
All policies currently underwritten by a panel partner will continue without change until the customer renews
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Allianz eyes carve up of major part of Aviva’s continental business
Allianz is eyeing a carve up of Aviva France, bagging the non-life business, according to reports. The life business would be hived off to its partner in the consortium, Athora, Le Figaro reports. Athora would take the lion’s share of the business, as life makes up £387m ...
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Covid-19 impact on insurance recruitment revealed
Recruitment stats confirm economic impact of pandemic past year, but more optimistic picture painted for 2021
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FloodFlash pays Storm Christoph catastrophe claim in 9 hours 44 minutes
It means that policyholders can be paid their claim on the same day
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Lloyd’s offers AI-enabled reputational risk cover
Product helps mitigate the risk to profitability posed by reputational crises and offers real-time threat insights
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Insurance Times’s Claims Excellence Awards 2021 is open for entries
With 14 awards open for entry, don’t miss out on the opportunity to showcase your achievements as we return in 2021 with the Claims Excellence Awards
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Avid beefs up new GAP and ancillaries division with ex-Mapfre lead
The new division hopes to launch in March but the new recruit will begin next month
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PIB Group to be acquired by global private equity advisory firm
Broker chief executive believes the acquisition is a ‘significant milestone’
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‘Hollowing out is a massive problem’ say Chartered Transparency Forum members
Broker chief executive calls out the disconnect between price and value in insurance and urges insurers to instead offer ‘a genuinely all-embracing contract’
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Insurers less exposed to BI risks in latest lockdown due to new exclusions
Ratings agency director says there is no ‘appetite for providing cover as part of general property business interruption’
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Broker clients ‘more responsive’ to broadening cover due to BI backlash – McCarron Coates
Commercial clients want wide coverage without the price tag, while insurers are trying to recoup returns, says broker director
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FCA plans to use ‘full range of regulatory tools and powers’ to check insurers pay valid BI claims
Furthermore, the regulator recognises the ‘key role that insurance brokers and other insurance intermediaries’ play to ensure policyholders’ claims are progressed
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Zurich warns of ‘double disaster’ as Storm Christoph batters England and Wales amid pandemic
Storm Christoph has raged through England and Wales, adding further strain on the UK as it battles the ongoing coronavirus pandemic. Some insurance industry experts, however, have stepped in to offer support, advice and a solution
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Onslaught of Covid claims expected to hit CMCs as 70% see claims registered
Research by broker Gallagher also predicts the pandemic claims uptick will cause a 40% rise in litigation compared to previous years
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Aviva commercial lines MD to join Lloyd’s in newly created role
The new hire will oversee market performance and distribution
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Onus is on insurance industry to improve transparency and reduce expectation gap - CII
Expert panel says there are clear business benefits in ‘taking this bull by the horns’
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Aviva staff to be allowed flexible working on a permanent basis
Insurer Aviva is to shift to permanent homeworking for its staff
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West Ham star reveals huge insurance premium after supercar horror crash
Hammers star dressed as snowman crashed supercar and then needed specialist help with insurance
