All Online only articles – Page 8
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April 2020 issue
In this month’s edition: How coronavirus is impacting key business sectors; reaction to the Aon and Willis Towers Watson deal; exclusive interview with Kennett Insurance Brokers managing director Luigi Maggio
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Unrated Gefion ordered to stop writing business
The move comes after the Danish FSA failed to approve the insurer’s recovery plan
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Ex-RSA boss Haste takes on Peter Wood role at esure
Esure founder Wood steps down as chairman of the company he started more than two decades ago
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Under-fire insurers call on government for debate over pandemic BI solution
ABI responds fully after powerful MP body ask questions over handling on coronavirus
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Inside the cyber market with Sayata Labs’s Kingsley Flynn
Flynn says the market is still dogged by past perceptions of how restrictive and confusing cyber policies were in the early days of the product coming to market
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‘Unacceptable’ - Tory MP blasts insurers amid no coronavirus payout customer fury
Sir Roger Gale said insurers must pay out in the customer time of need
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Salvage network to halt vehicle collections to help coronavirus fight
e2e will also track vehicles infected with Covid-19
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Insurers face solvency squeeze as coronavirus wreaks havoc on financial markets
Investment bank Berenberg issues warning as the Covid-19 pandemic continues to spread across the globe
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Coronavirus triggers record travel claims payout year
Previous year for record cancellations was 2010
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Fitch Ratings revises London market insurance sector outlook to negative amidst coronavirus pandemic
Fitch Ratings said the move reflected the “disruption and the related impacts on the credit quality of London Market insurers” caused by the outbreak
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FOS reveals most complained about insurers
New data from the Financial Ombudsman Service reveals which insurers consumers are complaining about the most
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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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AXA, Aviva and Allianz shares dive as coronavirus sparks global stock market panic
Major insurers shares down 7% as markets fall in biggest one day dive in over a decade
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Saga shares plunge on profit hit from Coronavirus
Saga shares plunged 7% today amid a profit hit from the coronavirus. The group said it will take an earnings hit amid struggles in its cruise ship business from the virus. The cruise ship-operator said it had seen a “higher level of cancellations for departures in the near-term and more ...
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Insurance industry wants cut to IPT in new Chancellor’s first budget
A tax cut would boost insurance uptake and improve road safety, industry says
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Call centres closed, disaster planning - Coronavirus warning of huge claims disruption
360Globalnet boss says back up planning and flexible IT is needed
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GoCo shaking up price comparison as auto-switching customers boom
GoCo’s autoswitching customers surge past the 300,000 barrier
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Solvency requirements have reduced insurer failures across Europe
New research from KPMG reveals number and size of insolvencies has fallen since the Solvency I regime was introduced in 2004
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Briefing: RSA results get better, but broker service levels must improve
Despite a financial boom and soaring profits, Insurance Times’s research shows that RSA has more work to do if it wants to improve broker relationships
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Aviva takes protective staff action amid Coronavirus concerns
Insurer says it is taking the prudent approach