Risk Management – Page 7
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News AnalysisBriefing: Protection gap warning poses real questions for UKGI
Although some regulators and clients may question the role of insurance brokers, trade organisation emphasises that ‘specialty brokers are the connective tissue of the global insurance market’
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NewsIS2 launches new distribution platform for commercial and niche lines products
‘Insurers of all sizes can integrate quickly and cheaply and unlock the huge distribution potential in commercial and niche markets,’ says commercial director
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NewsUnderinsurance rife as just 7% of properties covered adequately
‘While underinsurance remains a huge concern, we cannot overlook the growing issue of overinsurance,’ says head
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NewsFantasy Football: Insurance Times’ Harry McNeil Q&A
Insurance Times speaks to senior reporter Harry McNeil about his strong performance in this year’s Fantasy Football league
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News AnalysisIn Focus: How technology is being used to help vulnerable customers – and a plea to the FCA
’Every insurer will have a slightly different philosophy and may have responded to the regulations and their best practices in slightly different ways,’ says chief technology officer
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NewsFRC lease accounting overhaul to affect insurer balance sheets
‘We encourage you to look at the new rules closely, and be transparent with stakeholders about what changes are coming, and what the changes will affect,’ says senior manager
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NewsWillis introduces parametric insurance policy based on weather forecasts
’The parametric style of the policy provides a transparent basis of cover, rapid claims settlement and complete flexibility in the use of claims proceeds,’ says managing director
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NewsCalls for mandatory reporting as 59% of SMEs hit by cyber attacks
‘The financial fall-out, from crippling fines to lost customers or soaring costs, can push even the most resilient business to the brink,’ says head of cyber
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NewsNine in 10 brokers say providers should redirect non-standard risks to specialists
‘It’s encouraging to see such optimism and growth in specialist enquiries, but it is tempered by the concern that too many individuals are being declined cover outright,’ says managing director
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News AnalysisBriefing: Uninsured driving shows no signs of hitting the brakes
The stats are quickly adding up that British motorists are being tempted by uninsured driving – a prevalent issue that the industry must collaborate on and stamp out
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News AnalysisTop earning schemes deliver brokers reliable commission growth
The largest schemes have delivered brokers reliable growth in commission over the past two years, though volatility and slumps – such as in previous fast-climber cyber liability – have been seen in other lines
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WebinarWATCH: Insurance Times flood readiness webinar in association with Iceye
This Insurance Times webinar, in association with Iceye, discusses how the insurance sector is evolving across all stages of flood response to meet the challenges posed by the increasing frequency and severity of UK flood events.
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NewsSigns van insurance premium falls slowing after 5% annual drop
‘Many providers, particularly brands from intermediary insurer groups, have reduced their rates, offering some van drivers more affordable quotes,’ says industry expert
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NewsMultitrip travel insurance policies see yearly price falls
‘This feels like a deliberate move to encourage more travellers back into the market and to capture loyalty as overseas travel continues to normalise,’ says director
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IT InterviewJason Hart: Cyber insurance must focus on key fundamentals, not ‘whizz-bang’ moments
Cyber security is a notoriously complex topic, with insurers grappling online threats that seem to change by the day, but does the key to effective and proactive cover actually lie in simplifying things for policyholders?
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NewsPortfolio diversification could reduce (re)insurer cyber losses by 42%
‘The cyber insurance market has experienced rapid and sustained growth over the past several years, emerging as a catastrophe exposed and capital intensive line of business,’ says vice president
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NewsInsurance Times’ Flood Ready webinar to go ahead today – here is how to watch
Going ahead today at 11am, the webinar will cover a range of topics
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NewsPeach to provide capacity for broker’s contractor business offering
‘It might sound corny, but within a day of meeting the Peach team we knew we’d found the right partner for us,’ says director
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News‘Telematics and training’ the key to managing motor fleet risk – SambaSafety
‘The rewards for organisations that demonstrate a commitment to risk management are significant,’ says director
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NewsRisk modelling presents opportunity to plug protection gaps – Verisk
Data from risk models could be used to show reinsurers where to ‘spread their capacity’ – or shine a light on ‘over exposed’ areas that firms should instead pull out of
