Professional Indemnity – Page 4
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Sponsored ContentAre we all getting over Covid-19? – Manchester Underwriting Management
Richard Webb, director of Manchester Underwriting Management, tells Insurance Times about the lingering effect of the Covid-19 pandemic on insurance firms – and the fallout yet to be faced
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FeaturesInsurers ‘lack understanding’ of fast-evolving cryptocurrency market
With demand for cryptocurrency cover accelerating, only insurance firms with ‘mature risk management processes and controls’ will be able to succeed in this line of business, says broker
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NewsLondon professional indemnity market expected to thrive over the next year – Clyde and Co
Recession, cyber threats and regulatory intervention are insurance professionals’ biggest concerns
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NewsMosaic to write global professional liability cover
Based in London, the new team aims to provide PI and D&O cover to protect a wide range of service providers from specific exposures
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NewsRegulator CLC launches call for evidence on the operation of its Participating Insurers Agreement
The evidence will help shape a formal consultation later this year for potential improvements in professional indemnity insurance arrangements
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NewsPeach Pi and insurtech join forces for bespoke freelancer and micro SME cover
The insurtech approached Peach Pi about the solution as the niche insurer has a ’real understanding’ of the health and wellbeing sector
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News Analysis'Unified action' needed to address challenges in professional indemnity insurance
An expert panel at Biba’s annual conference last month debates the ongoing challenges in professional indemnity insurance and what changes should be made
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FeaturesBriefing: Brokers’ purse strings threatened by PI cover costs
The FCA’s test case has contributed to broker PI being ‘in a very, very difficult position’ says network MD, as Covid exclusions also cause costs to escalate
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News AnalysisSoaring professional indemnity insurance pricing and low trust creates ‘perfect storm’
An expert panel at Biba’s conference last month discusses the current state of the professional indemnity insurance market
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NewsBiba renews contract with professional indemnity broker
Biba’s head of technical services noted the ’challenging market conditions’ the sector is experiencing around professional indemnity
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NewsClaims Excellence Awards finalist 2021 Q&A: Travelers boasts ‘seamless’ teams collaboration for handling PI claims
The winners will be revealed at a free virtual ceremony on 27 May 2021, but delegates will need to register in advance
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NewsLandmark judgment sees major insurance implications for dental profession
Law firm urges dental practices to obtain the right level of insurance as new judgment holds owner ’vicariously liable’ for negligence as opposed to the dentists involved
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People & OpinionQ&A: ‘Consistency is key’ in a post-pandemic market – Markel
Markel’s sales and marketing director, Nic Brown reflects on the insurers success in the Insurance Times Commercial Lines Five Star Rating Report and how it intends to keep delivering for brokers and customers
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IT InterviewPeter Clarke: Insurercore sets sights on US and Irish markets amid platform relaunch
The firm has aspirations of expanding into other markets and wants to be a lifeline for brokers
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FeaturesIn Focus: What are the most pressing issues for the insurance sector post-pandemic?
The four panel chairs of Biba’s upcoming annual conference in May discuss the most urgent challenges for the insurance industry, as well as explain what the trade body’s annual conference means to them
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NewsMGA Inperio launches broker PI product
The professional indemnity product will include cover for coronavirus-related losses
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News AnalysisD&O market is ‘absolutely brutal’ and ‘in a world of pain’ as a result of hard market
However, insurers are looking to grow and are selecting some ‘quite aggressive targets’, says expert panel
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FeaturesIndustry demands change to build sustainable construction PI market
Trade association believes historic liabilities following 2017’s Grenfell Tower tragedy will lead to current claims exposure for insurers providing professional indemnity within the construction sector
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NewsHMRC launches consultation to make professional indemnity cover compulsory for tax advisors
However, tax professional body declares this is not a ‘magic bullet’ in achieving the government’s aims of improving trust and reducing bad behaviour in the market
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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
