Personal Lines articles – Page 71
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NewsTowergate strengthens Swansea footprint with new acquisition
The broker’s area director says the acquisition ’marks an exciting opportunity to strengthen our existing taxi specialism’
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NewsInsurtechs warn insurers of pandemic ‘complications’ to flood claims
Policyholders need to adopt flood resilience measures in the same way they would implement safety tools to protect against burglary, says Previsico’s chief executive
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NewsBought by Many makes US debut
The insurtech has made its debut in the US following its success in Sweden under the brand name ‘Many Pets’
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NewsSedgwick partners with John Lewis for home insurance claims solution
The online claims service portal will speed up processing, improve customer service, and reduce claims life cycles
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FeaturesKennedys IQ introduces enhanced ‘next level’ claims management solution
Using artificial intelligence, Kennedys IQ intends on ‘helping claims handlers shift from information gatherers to insight enabled decision makers’
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News AnalysisCovid-19 pandemic exacerbates fine art insurance’s hard market conditions
The art sector is heavily reliant on social contact, so the uncertainty of the coronavirus lockdowns have created added risks and challenges from pushing sales online
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NewsCovid-19 pandemic sees opportunistic fraud increase
At Insurance Time’s first Fraud Charter roundtable of the year, held virtually, delegates pointed out that opportunistic fraud has risen, for example via scams such as door knocking
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NewsZego becomes ‘first insurtech unicorn’ after raising $150m
The insurtech will use its latest funding to fast-track growth in commercial motor
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NewsAverage home insurance premiums drop 1.2% despite accidental claims uptick
But London remains the most expensive region for home insurance
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NewsDirect Line Group gunning to be the ‘insurance company of the future’
In a live video stream this morning with journalists, Direct Line Group’s chief executive Penny James said the insurer hopes to support customers across their entire insurance lifecycle via a fully digital ecosystem
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News AnalysisAdmiral Group expects to be ‘less impacted’ by FCA’s fair pricing reform
The company’s chief financial officer further identified price comparison websites (PCWs) as an ‘important distribution channel for us’, while new group chief executive Milena Mondini de Focatiis celebrated the insurer’s premium refund initiative, describing it as ‘a bit unique in the market’
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NewsAdmiral Group improves profit before tax by 20% in 2020
The past year acted as a ‘litmus test’ for the business, said group chief executive, allowing the insurer to demonstrate ‘strong operational resilience and agility’
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News AnalysisBI test case was ‘a difficult moment during the year for RSA’ says UK boss
The insurer’s chief executive for UK and international business admitted that ‘there’s work to be done in 2021’ around business interruption coverage and reputational repair
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NewsNew digital broker looks to wrap up lifestyle niche
The technology driven business plans to fill ‘a significant gap in personal lines etrading’ says founder
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NewsAllianz could gain a competitive advantage via insurtech partner’s instant claims strategy
GlobalData believes that targeting immediate claims payouts is a ’good strategy’ from Allianz
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News AnalysisReform ban on pre-medical offers could lead to arrangements that aren’t ‘in the spirit of the rules’
As the government confirms that pre-medical offers will not be allowed for whiplash injuries after 31 May, Insurance Times explores how insurers may seek to circumvent this
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NewsWhiplash reform regulation to come into force from 31 May
However, some industry commentators believe ‘we’re still only half-way there on whiplash’ and that ‘none of this actually helps anyone to work out how to set up and process a whiplash claim’
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NewsFormer Aviva chief exec to launch insurtech
The business plans to target the non-prime and standard segments of the UK motor insurance market
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NewsAXA reports 3% drop in gross revenue for UK and Ireland in 2020
The insurer has also sought to minimise future exposure to Covid-19 claims by using exclusions within its business interruption and event cancellation policies
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IT InterviewHiscox attributes five-star personal lines rating to ‘strong and very competitive’ products
The insurer’s distribution director adds that the firm ‘won’t rest on our laurels’ and that customer service will continue to be a focal point
