Risk Management – Page 70
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NewsBackchat September 2021
Celeb spotting, pets swallowing foreign objects and the insurtech sector joining forces for a cycling race - what has the insurance industry been up to of late? You heard it here first…
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NewsAviva and Darwin hit milestone with autonomous vehicle passenger shuttle registration
Aviva will use data from autonomous vehicle trials to inform its current insurance offering for this type of mobility
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FeaturesBriefing: Addressing emerging geopolitical risks is ‘major growth opportunity for insurers’
New Lloyd’s report calls for innovation around insurance for geopolitical risks as it identifies 10 ‘paradigm shift’ factors that could affect whether current cover is still fit for purpose
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FeaturesElectric vehicles prompt drive for data as underwriters define approach
The appeal of electric vehicles is on the rise - as are the numbers of these cars on the roads – but a lack of data and expensive repair costs are testing the industry’s response
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NewsBrokers navigate commercial hard market and capacity issues using collaboration – Aviva
Aviva’s chief distribution officer says ’being close to the regional broking market is key’ to what the insurer does
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FeaturesInsurance sector must tap into ‘powerful tool’ of PR to repair reputation
The Covid-19 pandemic hit the industry’s reputation hard – now, the sector is scrambling to get to grips with expectation gaps and marketing in a bid to boost customer relationships
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NewsMore strategic cooperation between automotive insurers and supply chain needed – Sedgwick
Sector collaboration is vital as ’dealers and car distributors may lack the expertise to handle complex issues around electronics, telematics and sensors’, says loss adjusting firm
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NewsNew EU speed limiter tech could hit UK car insurance prices
Insurance premiums ’could be reduced’ if new technology succeeds in cutting down the amount of accidents on UK roads, says aggregator Confused
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NewsClearer e-scooter rules needed for insurance policy development – More Than
More Than is ready to work alongside the ABI and government to further understand options for a legislative framework around e-scooters
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FeaturesInsurance industry witnesses ‘large drop in appetite for terrorism cover’
While some companies are ‘burying their heads in the sand’, there is an opportunity for brokers to ‘play a critical role in educating their clients’, adds Burns and Wilcox head of terrorism
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FeaturesBriefing: Highway Code changes could create claims cost uptick from ‘presumed liability’
Pedestrian and cyclist rule changes could also impact claims volumes – motor insurers will have a lot to juggle if they don’t prioritise customer education now
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NewsIndustry bodies accuse government of creating fire safety ‘lottery’ in schools
According to claims data from Zurich Municipal, major school blazes can cost up to £20m
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FeaturesBiba seeks to extend signposting reach to improve access to insurance
Increasing amounts of data and the impact of the pandemic are making it ‘increasingly difficult’ for insurance seekers to obtain cover, adds committee chair
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FeaturesDriver education needed to reduce motor claims frequency and severity post-Freedom Day
Industry commentators debate how changing commuting patterns could impact motor claims
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NewsWhenFresh teams up with Bluesky to combat subsidence risk
WhenFresh chief exec says the firm continues to bring together best in class property data assets to empower insurers
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NewsAIG tightens cyber insurance limits as premiums climb
The insurer’s planned sale of its life and retirement business via an initial public offering is likely to happen in Q1 2022
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NewsAA shuts down concerns over lack of insurance for new E10 petrol
The move to E10 petrol is part of the government’s efforts to reduce CO2 emissions
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NewsBank of England confirms stress test to examine insurers’ cyber and climate risk resilience
The latest insurance stress test will be launching mid May 2022
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NewsHousehold water leak claims up by more than 30% for Q1 2021
Insurers are calling for clear standards for the plumbing industry to make sure contractors that fix water leaks are properly qualified
