Regulation – Page 50
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Online onlyBriefing: ComparetheMarket shows how weak insurers are versus intermediaries
ComparetheMarket’s abuse of power is remarkable. Distribution’s grip on insurers continues to grow. Can it be stopped?
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NewsToo many brokers looking for ‘easy short-term answers’ to solve profitability
An Insurance Times expert webinar panel discussed how brokers can future proof their businesses post-pandemic
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NewsGoCo taken over by media group
Aggregator GoCompare has accepted an offer from media giant Future Plc, which values the business at more than half a billion pounds
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NewsFOIL warns of potential injuries and complex claims ahead of 2021 London e-scooter trials
With Transport for London set to start e-scooter trials in London next year, insurers and brokers could have some new challenges and risks ahead
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NewsInsurance Times Awards finalist 2020 Q&A: Lockyer’s facilitates repatriation of client amid Covid-19 pandemic
Next month the winners for the Insurance Times Awards 2020 will be revealed at a virtual ceremony on 9 December
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IT InterviewIndustry has work to do to regain customer confidence – Zurich
Zurich UK’s head of retail believes insurers are ‘absolutely all aligned’ to repairing the reputational damage caused by the FCA’s test case and confusion over business interruption cover
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NewsTake greater heed of climate risks, insurers warned
Law firm partner says insurers may need to take a leaf out of cyber insurance’s book with ‘explicit exclusions’
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NewsLockdowns expected to bring big drop in claims costs this year, but 2021 predicted to turn negative
Underlying claims inflation, Brexit and the FCA’s new pricing rules could turn underwriting profits red next year, predicts EY
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NewsArch Insurance reveals SME terrorism product to combat evolving risks
Arch has more than 10 years of experience in terrorism insurance products
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News AnalysisFCA labels insurers’ arguments as ‘far-fetched’ in Supreme Court hearing
However, insurers claim that there ‘is no justification for engineering contractual wording to accommodate unique circumstances which have occurred subsequently’
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NewsLiP portal to undergo third stage of testing in new year
The Motor Insurers’ Bureau confirms that the online service is ‘85% ready’
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NewsAcquisition deal for Hastings completed
The business will be a subsidiary of financial firm Sampo Oyl
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NewsClarifying causation will be crux of Supreme Court ruling – Fenchurch Law
However, Supreme Court judges also suggest a public policy stance around pre-trigger losses
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News‘The biggest risk for insurers is reputation’ says Aviva’s Blanc
The insurer boss adds that the industry’s reputational damage arising from the business interruption test case has left her feeling ‘very sad’ and that the industry needs to ‘not shoot ourselves in the foot as much as we do’
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News AnalysisPremiums soar for independent financial advisors’ PI as insurers dwindle
As the UK approaches a pandemic induced recession, advice firms are facing higher premiums as insurers that provide professional indemnity for advisors have significantly reduced after a series of regulatory changes, constraints and historical blunders. Insurance Times investigates what this means for insurers and IFAs – and whether brokers ...
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NewsBriefing: ComparetheMarket’s shameful abuse of power
Competition watchdog’s report into ComparetheMarket offers a damning verdict on a company abusing its power
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NewsComparetheMarket slapped with fine for breaking competition rules
Price comparison site ComparetheMarket imposed ‘most favoured nation’ clauses on its home insurance contracts over a two-year period
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NewsRSA accepts takeover offer
The transaction will be completed in Q2 2021, and the deal will result in the break up of 300-year insurer RSA
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NewsElectric vehicle prices main barrier to PM’s green ambitions, says LV=
Insurer LV= advocates the use of ‘fiscal incentives’ to encourage drivers to switch to electric vehicles
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FeaturesHow ‘standards’ can help brokers and underwriters
With the pandemic ongoing e-trading has become a vital tool to do business, but standards are still needed especially as the market is always evolving Polaris tells Insurance Times
