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Regulation News
Laka details ‘future of insurance’ proposition post Covid-19
The insurtech has seen people that have not considered cycling previously look into insurance
Axa to pay some French restaurant business interruption claims after losing court case
Case could set a precedent for similar cases against insurers in the UK
Broker remuneration model presents a ‘huge conflict of interest’ amid the Covid crisis
Compliance firm calls for a complete overhaul of the remuneration model
Some BI coronavirus claims ‘agreed then withdrawn’ says Night Time Industries Association
One business owner claims he was promised to be covered for up to £100,000
FCA invites brokers and policyholders to contribute to BI legal declaration process
Insurance intermediaries have until 20 May to submit materials to the regulator
MGA to offer Covid cleaning service for offices
The service is aimed at reducing the risk of Covid-19 for staff returning to offices post-lockdown as well as making sure unoccupied properties are secure and checked
Airmic calls on insurers to ‘look favourably on grey area claims’
The trade association believes the ‘interpretation of wording regarding the pandemic’ could cause friction for insurers’ relationships with corporate clients
Government launches temporary reinsurance scheme to facilitate access to trade credit insurance
Dentist trade body mulls legal action against insurers for non-payment of Covid claims
SRA confirms law firms can apply for professional indemnity extension due to Covid-19
Industry duo propose Totus Re to address future pandemic risks
RSA sued by dozens of investors following Irish under-reserving error
Flood Re ‘needs tweaking’ says Biba executive director
Golf to resume but lack of insurance could put thousands at risk
Bexhill UK seeking banking licence to better compete in market
Biba flags 19 coronavirus-related issues on behalf of brokers
Biba supports Pandemic Re proposition as ‘insurance can’t cover everything’
Biba predicts more mid-term policy changes following PM’s Covid-19 lockdown update
Premier League club doctors raise concerns over own insurance
International regulatory organisation warns against retrospectively covering Covid-19 losses
Hiscox predicts £10m to £250m BI coronavirus hit and launches share placing
More than half of UK publicans have had their BI claims rejected says trade association
Hiscox Action Group and Night Time Industries Association join forces
Premier League clubs facing insurance premium hike
Regulation Analysis
Biba denies broker commission is “huge conflict of interest”
Meanwhile others in the industry have also defended brokers
Industry set to grow post Covid-19 due to ‘greater appreciation’ of insurance
Following the worst of the Covid-19 pandemic, commercial and financial technology firm FIS believes insurers could see a “natural growth” in their business if they respond to consumer demands for more mainstream pandemic coverage.
Hasty migration could increase corporate cyber risk exposure
With another high-profile cyber attack case during lockdown, a new challenge has been created for brokers
Briefing: Marsh, Aon, Guidewire, reinsurers - how the Covid crisis will greatly benefit them
The likes of Aon, Marsh, Guidewire and Accenture could be on the cusp of a golden opportunity
