Personal Lines related articles – Page 57
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NewsOptimisation is ‘the game in town’ rather than simple pricing – RSA
At Earnix’s mid-September conference in London, RSA’s chief underwriting officer discussed how fair value might be applied to the increased quantity of products in the market
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NewsStaysure Group buys remaining shares of price comparison website
The price comparison website’s founder and managing director will be stepping down as a result
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AnalysisBriefing: Industry scratching its head over deepfake e-scooter fraud
What new types of claims and fraus will arise following the extension of the UK’s e-scooter trial?
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NewsDuck Creek Technologies launches new business accelerator suite for UK pet insurers
The UK pet insurance market is ’ripe for disruption’ with an estimated £1.5bn GWP generated per year by 2025
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NewsCost of living crunch sees over-55s seek pay-as-you-drive car cover – Trakm8
Driver apps across the board are also proving to be popular
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NewsRussia’s sovereign internet could see cyber insurance implications – CyberCube
A sovereign Russian internet could lead to cybercriminal safe havens which could see implications for cyber insurance according to the latest report from CyberCube published today (12 September 2022).
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AnalysisCost of living crisis drives greater fraud volume and frequency from non-traditional sources
Counter fraud experts explained that difficult economic conditions are leading to increased levels of fraud from non-traditional perpetrators, necessitating a rethink of existing anti-fraud models
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NewsABI responds to Merton Council leader comments in wake of Thornton Heath gas explosion
The trade association said it would continue to monitor any developments and reiterated that insurers would continue to do everything they can to assist impacted residents
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NewsAnimal Friends chooses new chief financial officer
The appointee’s experience in finance will help ‘elevate and strengthen’ the firm’s strategic plans, says managing director
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AnalysisClaims inflation drives ‘a major deterioration’ in UK motor market
With price increases unable to keep pace with inflation, motor insurers must look to claims prevention and repair network support if they wish to remain in the black
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NewsMotor manufacturer data could be the ‘Holy Grail’ for improving telematics insurance
Partnering with motor manufacturers to leverage this data could also create new partnerships for the insurance sector, says chief executive
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NewsInsurers must fulfil ‘moral obligation’ to Thornton Heath residents following major gas explosion
The leader of Merton Council says he will be writing to the government in response to home insurers refusing to pay out claims to impacted residents
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NewsEcclesiastical plans to double size of art and private client book within five years
One way the insurer intends to fulfil its ambition is to ‘be helpful’ to brokers
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AnalysisBriefing: Insurance industry must adopt signposting to support UK’s ageing population
With people living longer and retiring later in life, insurers must be flexible with their travel insurance policies to ensure that consumers are not left without cover
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NewsEsure’s in-force policies dropped by 3.2% in H1 2022
Chief executive explains that 2021’s £21.3m profit dip has been funnelled into digital transformation work
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AnalysisSector cautiously welcomes UK government amendments to planning guidance for preventing flooding in new builds
Affordable home insurance is ’essential to public trust’ in insurance and is impossible without ‘drastic improvements’ to flood resilience, says CII director of policy and public affairs
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NewsSompo International agrees sale of EAL to ‘withdraw’ from Lloyd’s
The move marks the culmination of the firm’s strategy to divest itself from Lloyd’s and focus on the London market
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AnalysisBrokers should prioritise ‘critical’ cloud security following largest ever DDoS attack
The attack on a Google Cloud Armor customer was equivalent in scale to receiving all of the web’s daily requests to Wikipedia in just 10 seconds
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NewsInflation-driven ‘dip’ in renovation market could hit HNW sector
However, ultra high net worth clients may be more resilient to underinsurance caused by inflation
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NewsBroadway Insurance Brokers triples GWP to £4.5m in 12 months
Chief executive says the broker is hoping to make several new senior appointments soon
