Regulation – Page 79
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NewsZego first UK insurtech to be awarded insurance licence
It will allow the insurtech to sell its own products, the news is a positive development for the sector
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NewsDue diligence for cyber risk “good” or “excellent” say 23% private equity professionals – Mactavish
Some respondents in the survey believed that cyber cover was too expensive listing this as the main obstacle to obtaining it
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NewsSIB says brokers must be prepared to provide customised cyber cover
The professional body has recommended what brokers can do to tailor cyber cover
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News AnalysisInsurers warned they face threat of regulatory reserving probes
PRA warns of pressure on management to deliver results ahead of adequate reserving
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News AnalysisFCA seeks to level the playing field of dual pricing
The FCA aims to combat dual pricing within the car and home insurance sectors, yet what are the wider market implications of policies such as scrapping auto-renewals? Insurance Times investigates.
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Online only‘Clients are beginning to see the power of our combined firm’ – Marsh boss on JLT
Clients are beginning to see the power of the combined firm, said Marsh chief executive
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NewsAon seeks Irish move amid Brexit fears
Aon will still operate from London, despite the decision to create an irish parent company
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NewsInsurance cover fears increase for buildings still using Grenfell cladding
There are concerns that over 20 high risk residential buildings under private ownership have yet to remove aluminium cladding
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Breaking NewsBiba launches Brexit website to help brokers navigate potential perils
Brokers’ association aims to highlight the potential impacts of a no-deal Brexit for the insurance broker community
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Online onlyCalls for ‘whiplash Brexit’ extension grow
There are fears that the government is determined to meet the implementation deadline, ready or not
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NewsWill plans to extend fixed recoverable costs keep the insurers up at night?
Rob Williams, head of insurance at Weightmans, outlines the potential red flags emerging from the MoJ’s FRC consultation
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Online onlyInsurers accused of ‘rank hypocrisy’ over pre-medical settlements
Despite the use of pre-medical settlement offers set to be outlawed in April 2020, insurers are still using the system to reduce compensation payments
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NewsNearly half of brokers unaware of SMCR – Ecclesiastical
Once the legislation was explained to brokers the majority agreed that senior individuals at their firms should be made directly accountable for their actions
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Online onlyArdonagh ‘very pleased’ as judge dismisses most of Gallagher’s claims
Chairman John Tiner describes the whole episode as ‘unfortunate’
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NewsHastings shares fall again as claims issues continue to bite
Rising third party credit hire cost, repair costs and mid-range bodily injury costs accounted for the claims inflation
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NewsInsurtech UK raises IPT concerns for sector
It has urged HMRC to undertake a full assessment of how the proposed changes affect insurtechs
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NewsLondon Market construction group launched by IUA
It will meet on a monthly basis and liaise closely with the IUA’s Professional Indemnity Forum
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NewsClimate protesters target Baden Baden insurance conference
Non-for-profit initiative, Unfriend Coal says that by mid-2018 seven reinsurance companies controlling 45% of global reinsurance premiums had reportedly divested
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NewsBrokers warned clock is ticking on SMCR
It could prove to be one of the most “complex and taxing” issues for the insurance industry as it has been for other sectors like banking
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NewsHow a no-deal Brexit could affect reinsurers?
Brokers have a key role to play in natural catastrophe and weather events, and reinsurance will not be affected in the same way as insurance
