Property – Page 3
-
BIBA
Pikl working with PCWs to ensure customers get right products ahead of Consumer Duty
Chief executive says insurtech is on a ‘mission’ to ensure customers are asked the right questions
-
Sponsored Content
FloodFlash: Is climate change driving the global flood protection gap?
Sponsored content: FloodFlash’s catastrophe risk analyst Henry Bellwood considers how man-made climate change is to blame for the rising disparity between total and insured losses and also considers what else is contributing to it
-
News
Biba urges sharing of property commission ban to be brought forward
Chief executive says move will create a ’level playing field and avoid an early movers penalty’
-
News
Gove ‘outraged’ as FCA reveals increase in broker leasehold remuneration
’Leaseholders are being badly let down,’ says Levelling Up, Housing and Communities secretary
-
News
FCA sets out new protections for leaseholders in multi-occupancy leasehold buildings insurance market
‘We won’t hesitate to taker further action if brokers don’t comply with our rules,’ says regulator
-
News
PIB Group snaps up property insurance broker
’We look forward to having the team on board,’ says chief executive
-
News
Reduced risk appetite for political violence amid increasingly ‘unpredictable’ landscape – Howden
Specialist insurance broker Howden says reinsurers have taken a financial hit in recent years
-
News
Valuation plea as underinsurance crisis intensifies – H&H
‘During Covid, when site visits weren’t allowed, many fell into the habit of carrying out reviews over the phone,’ says commercial director
-
News
Lloyd’s chief of markets adamant that ‘strong’ market conditions present ‘a lot of opportunities’
The marketplace says it expects current conditions to put ‘upward pressure on profitability, not GWP’
-
News
Are more businesses choosing to go down the self-insurance route?
Sense Consortium’s president believes insurers could ‘suddenly wake-up’ to less business
-
News
Home insurance startup Locket partners with reformed burglar
The insurtech aims to help customers actively prevent claims instead of just resolving them with claims payouts
-
News
Industry needs to deliver underinsurance message as threat deepens
‘We are looking to arm the brokers with the data that will allow them to have a conversation,’ says head of underwriting transformation
-
News
UK underinsurance crisis evident in 2022 - BCH
Buildings insurance valuation services company finds that for 75% of the instructions it received last year, the property in question was underinsured
-
News
Zurich UK’s P&C business posts COR of 95.5% for 2022
This figure represents a ‘robust performance given market conditions’, says the insurer
-
News
Tractable and Verisk partner to reduce property damage claim settlement times
The duo hopes to support insurers in the face of ‘ever changing climate woes’
-
News
Property and cyber markets must get on same page to prevent cover ‘gap’ for cyber-related physical losses
Confusion around cyber exclusions may have stemmed from Lloyd’s clampdown on clearly defining physical and intangible risks
-
News Analysis
Is it the end of the line for property insurance commissions on multioccupancy buildings?
The UK government has indicated its intention to ban managing agents and freeholders from taking commissions when arranging buildings insurance
-
News Analysis
Cannabis: A growing insurance problem
Tenants using residential rental properties ‘for the harvest of drug crops’ are ‘the biggest threat to private landlords’ – brokers and insurers must have this risk on their radar to combat rising claims
-
News Analysis
Quick thaw delivered major claims impact from UK cold snap
Freezing temperatures in December 2022 have led to a flood of claims submissions and enquiries as insurers brace for burst pipe bad news from policyholders
-
News Analysis
Parametric insurance poses ‘really compelling’ solution to climate change driven weather events
Following November’s Cop27 conference, the impact of weather events influenced by climate change has hit home – and brokers are looking outside of traditional covers to help clients