Regulation – Page 58
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NewsArtificial intelligence will need regulatory governance for use in insurance processes
Panellists at an Insurance Times webinar highlighted that although artificial intelligence and machine learning will increase within the insurance sector, there will need to be governance introduced around it to ensure ‘the machines know what they’re doing’
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NewsCrisis management - new Ageas chief exec Ant Middle reflects on the challenges to come
Insurer boss insists he’s ‘loving’ the role, despite taking over at a time of crisis for the industry
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Online onlyBriefing: Brokers must learn lessons from the unrated Gefion saga
The saga of unrated Gefion and the impact on brokers is a lesson that should be learned
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NewsTaxi driver sentenced for bogus personal injury claim
The court held that the personal injury claim was “full of inconsistencies”
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NewsMore needs to be done to restore public trust in insurance, urges CII
The industry body has proposed that insurers take a three-pronged approach to tackle falling levels of trust
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NewsZego partners with e-scooter firm to insure Teeside trial roll-out
Insurtech Zego has partnered with e-scooter company – Ginger, to provide insurance for the UK’s first e-scooter trial which has launched in Tees Valley, North East England.
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NewsFCA proposes insurance relief extension for Covid-hit customers
The original measures were brought in this May
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IT InterviewWhiplash reform could lead to ‘claims in other guises’ says DLG’s head of claims
Despite making the process ‘much clearer’ for whiplash-related claims, Direct Line’s managing director for claims thinks the delayed whiplash reform could impact the broader motor insurance supply chain or other variants of personal injury claims
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NewsABI issues travel insurance travel warning for Spanish holidaymakers
The insurer trade body spoke out following a government annoucement to introduce a quarantine for those returning from Spain
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NewsLeaseholders in high-rise buildings hit with huge insurance premiums post-Grenfell
With the government pushing the full cost of building safety works on to leaseholders, further problems have surfaced for residents and the insurance industry, as lines such as professional indemnity fail to deliver the services that society requires of it
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News AnalysisBriefing: It’s been a bad week for insurers, but lose the FCA test case and things could get a lot worse
Not only could insurers be found liable for claims, they may also be forced to pay interest and subsequent claims for businesses that have gone under as a result of the delay in business interruption payments
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News AnalysisBritish theatres face re-opening post-lockdown, some with no insurance
With lockdown unwinding, British theatres were given the go ahead to reopen on the 11 July for outdoor performances, but many are struggling to find insurance.
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NewsLloyd’s delays Part VII Transfer
All European policies must be transferred out of London before the end of the Brexit transition period on 31 December 2020
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Online onlyBriefing: The current BI legal fight is a very ugly look for insurers
Even if they win, the optics of insurers battling their customers in court will harm the industry
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News AnalysisQuantum questions to follow FCA test case
If the High Court rules that insurers are liable for their policyholders’ Covid-19 business interruption losses, then agreeing quantum for specific claims amid a myriad of coronavirus-related factors will be insurers’ next hurdle
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News AnalysisGovernment fast-tracks work with insurance industry amid draft Building Safety Bill
After the third anniversary of the Grenfell Tower fire, the UK government has published its draft Building Safety Bill.
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