Financial / Results – Page 90
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NewsHiscox predicts £10m to £250m BI coronavirus hit and launches share placing
It recognises that this is an extremely difficult time for businesses and it is determined to provide greater certainty for its customers
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FeaturesThe Briefing: Coronavirus impacts on GI – Is the insurance sector caught in the crossfire of Covid-19 pressures?
Financial services consultancy says ‘the expectation for the industry to just pick up the tab for a once-in-a-century crisis like coronavirus is just not reasonable’
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NewsLV= ringfences £30m to help customers suffering financial hardship because of Covid-19
The insurer will redirect savings from reduced claims during lockdown to help car and motorbike policyholders
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NewsCovid-19: Insurers in talks to set up fund to help stricken charities
Fund would provide relief to charities unable to collect funds amid the lockdown measures
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NewsCovid-19: SMEs could stop buying BI policies
A survey found a significant number of companies would not bother buying such cover in the future
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NewsWillis Towers Watson predicts up to $13.9bn market loss for BI and contingency lines due to Covid-19
The firm’s insurance consulting and technology business says the effectiveness of policy wordings is a key uncertainty
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IT InterviewLexisNexis Risk Solutions UK boss says use of policy history information is ‘really rudimentary’
The firm’s managing director for UK and Ireland believes policy history data could be better utilised to improve ratings and underwriting
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NewsLancashire reveals $35m coronavirus claims for Q1
The insurer’s charitable foundation has also made a £100,000 donation to coronavirus causes
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NewsMarkel confirms Olympics and Wimbledon exposure as it reveals $325m coronavirus hit
The insurer is also preparing for “significant litigation” surrounding the handling of pandemic claims and is reviewing wordings to limit future risk exposure
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News AnalysisChancellor unveils £1.25bn startup package – but will it be enough to uphold insurtechs?
During the last budget it seemed that insurtechs were left out of the equation for financial protection from government, but its new loan scheme could solve this dilemma
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News AnalysisTough times for Saga after Moody’s ratings downgrade
The insurer also saw underlying profits fall by a third as it announced its latest set of results and coronavirus continues to create uncertainty for the group
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NewsPioneer and K2 agree terms for underwriting portfolio transfer
The deal is expected to close by the end of Q2
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NewsCovid-19 pandemic event could be most expensive ever for insurers, says Lloyd’s chief
Pandemic could cost hundreds of billions, says John Neal
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News AnalysisProfits Exposed: Admiral, DLG and Esure rely on reserve releases for underwriting profit
Analysis of the 2019 financial results reveals the ways insurers make profit, and how their revenue streams have changed
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NewsTrade credit insurers could get state help as Covid-19 bites
Government is in talks with the ABI to provide a guarantee for insurers
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AgendaHow the insurance sector can prepare for pandemic risks
As coronavirus sweeps the globe, Insurance Times examines how businesses are dealing with the crisis from a risk management perspective
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FeaturesBuilding trust is the cornerstone to operational resilience
With the world in a state of coronavirus-related flux, the need for solid and effective operational resilience has never been more pertinent – but how can this be achieved?
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NewsComprehensive car insurance premiums fell by 1% in 2020’s Q1
The average cost of annual car insurance is now £809
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NewsCovid-19 insurance impact 'like a meteorite', says Allianz chief
Oliver Baete said such events could not be insured with normal policy wordings
