Regulation – Page 40
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FeaturesJames York: Open insurance is an opportunity, but buyer centricity is vital
Insurtech founder says the industry must ’step up’ because open insurance presents many benefits
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NewsProposed tariffs for whiplash injuries post-reform is ‘offensive’
Whiplash injury compensation under the Civil Liability Act 2018 has been described as ‘an insult to the injured and vulnerable’ by industry commentators
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FeaturesIn Focus: Biba’s Steve White commends broking industry for its resilience
Biba’s chief executive discusses upcoming challenges for brokers ahead of the trade body’s annual conference
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IT InterviewCharles Manchester: MGAs face ‘challenging time squared’ due to pandemic
The chief executive discusses why brokers and MGAs must be more organised now than ever before
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NewsFCA pricing reform timetable is still ‘too short to be achievable’
Under two-thirds of insurers believe more time is needed to implement pricing changes
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NewsInsurdata’s UK entity enters voluntary liquidation
The chief executive says the liquidation is a matter of reorganisation
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News AnalysisInsurance2025: Personal Lines Keynotes, 2021
Firms’ differing interpretations and pace of change ahead of the FCA’s pricing reform deadlines could pose problems as the industry seeks to eliminate price walking
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IT InterviewIan Hughes: ‘Brutal’ changes set to hit insurance sector as FCA uses its teeth
The FCA’s pricing reform will initiate ‘a fundamental shift of culture’ – it’s imperative that brokers and insurers ‘lean in’, says chief executive
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NewsFCA’s pricing reforms are ‘right step’ – Covéa’s James Reader
The chief executive believes that pricing changes are not something that could be achieved with ‘small tweaks’
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News AnalysisTravel insurance sector faces capacity concerns post-pandemic
As the travel industry gears up to reopen post-lockdown, a spike in claims could impact insurance capacity
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News AnalysisGovernment must take leap of faith to mend ‘gaping hole’ in cover for live events
Industry figures beg the government to seriously consider state-backed insurance scheme as the commercial insurance market for events cancellation is ‘unlikely’ to mobilise until 2022
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NewsInsurers have paid £600m in interim and final BI claims payments
Around 13,670 BI policyholders out of the 35,438 who have had claims accepted have received at least an interim payment
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NewsAviva predicts uptick in cyber insurance sales post-pandemic
The Covid-19 pandemic has forced many SMEs to work remotely, but this comes with a larger cyber risk exposure for businesses
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NewsMarshmallow Financial Services accused of stealing ‘trade secrets’
In an ongoing court case, the insurtech has been accused of profiting from a joint business agreement by tapping into ‘trade secrets’
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IT InterviewAston Lark boss Peter Blanc on mission to ‘build best broker’ amid acquisition spree
With ten acquisitions completed this year and counting, Aston Lark boss Peter Blanc tells Insurance Times the motives behind the broker’s spending spree and how he envisions the business developing
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FeaturesBriefing: Covid, capacity and poor insurer service continues to pose problems for brokers
Recent research compiled by Insurance Times and Close Brothers Premium Finance reveals what major challenges brokers are watching right now
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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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NewsUnderwriting room could remain Lloyd’s focal point, but its role needs redefining – LIIBA
The trade body emphasises that the underwriting room must ’not become the museum of modern insurance’ and that it is essential ’that London remains a critical hub for global insurance business’, despite increased flexible working models
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NewsWhiplash reform rules are ‘cumbersome’ and reflect ‘a big change coming’ – Sabre
The insurer’s chief executive further believes policyholders may not reap the expected premium discounts following the implementation of part one of the whiplash reforms this May
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FeaturesBriefing: We are all now worried about the FCA
Brokers are losing faith in the FCA amid rising fees and levies against a backdrop of carrier failures
