Regulation – Page 72
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News AnalysisPoor data hampering FSCS from tracing customers of collapsed unrated insurers
In some cases, it has taken two years for insurers to identify customers to the Financial Services Compensation Scheme
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Online onlyUnrated Gefion ordered to stop writing business
The move comes after the Danish FSA failed to approve the insurer’s recovery plan
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NewsCentral Bank of Ireland urges insurers to take consumer-focused stance for Covid-19 related claims
The government office is also putting the onus on chief executives for coronavirus claims determinations
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Online onlyUnder-fire insurers call on government for debate over pandemic BI solution
ABI responds fully after powerful MP body ask questions over handling on coronavirus
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NewsLaw firm fears detrimental impact of potential discount rate change in Northern Ireland
The personal injury discount rate in Northern Ireland currently stands at 2.5%
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NewsLloyd’s board grants Blenheim Underwriting approval to establish new MGA
The company now plans to apply for regulatory approvals
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NewsTreasury Select Committee chair questions ABI on how sector is responding to Covid-19
Rt Hon. Mel Stride MP says ‘many will be looking to their insurer for both flexibility and assurance’
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Online onlySalvage network to halt vehicle collections to help coronavirus fight
e2e will also track vehicles infected with Covid-19
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NewsCoronavirus ‘social distancing’ measures hits gig economy as service demands rise
As the UK goes into lockdown to mitigate the spread of the coronavirus, the insurtech industry has responded to support gig economy workers
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NewsSenior level decisions amid Covid-19 could spark fresh class action
Marsh discussed some exclusions that may arise and legal issues during its briefing on the pandemic last week
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NewsWorking from home hard to implement for some businesses during Covid-19
In a briefing last week, Marsh also revealed the four areas that businesses should prioritise during this global outbreak including regular communication with staff
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NewsRent guarantee insurance products suspended due to Covid-19
The government has emergency legislation in place to prevent tennants that cannot meet their rent payments from being evicted
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FeaturesBrokers need to beware ‘breach of duty’ risks arising from Covid-19 impacts
Law firm Plexus Law advises brokers to ‘pay attention in this changing market’
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NewsInsurers start pulling income protection due to Covid-19
However, policyholders that have been asked to self isolate by a medical professional may still be covered
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NewsIrish broker representative body calls for government and industry meet to tackle coronavirus concerns
The organisation’s director of GI calls on insurers to be ‘flexible’
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IT InterviewLeaders should be ‘fearful’ of SMCR regime, says KPMG director
Behaviour and culture should be a key focus for industry leaders as recent regulation indicates that insurers are not doing enough
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NewsFCA releases guidance for GI insurer behaviour during coronavirus crisis
The regulatory body says ‘brokers have a key role to play to help consumers understand the market’
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NewsCovid-19 boosts opportunistic insurance fraud, says BAE Systems
The firm’s counter fraud director believes fraudulent claims will ‘slip through the net’ amid the current public health and hygiene focus
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FeaturesHow is coronavirus impacting key business sectors?
Covid-19 is leaving an unstoppable imprint across global businesses – Insurance Times reviews the current lay of the land in the industry sectors most affected
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Online onlyFOS reveals most complained about insurers
New data from the Financial Ombudsman Service reveals which insurers consumers are complaining about the most
