Risk Management – Page 78
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NewsShed and garage offices cause divide between insurers
Insurers are held back by legacy systems that are siloed with a single line of business
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News AnalysisTravel insurance sector faces capacity concerns post-pandemic
As the travel industry gears up to reopen post-lockdown, a spike in claims could impact insurance capacity
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NewsBrokers need better access to underwriters to tackle market challenges
Broker chief exec says the industry has ‘seen the best and the worst in the market over the past 12 months’
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FeaturesBriefing: Intangible asset underinsurance offers post-pandemic opportunity
The Covid-19 spotlight has illuminated the protection gap around intangible assets – this is a wake-up call the sector can’t ignore
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News AnalysisGovernment must take leap of faith to mend ‘gaping hole’ in cover for live events
Industry figures beg the government to seriously consider state-backed insurance scheme as the commercial insurance market for events cancellation is ‘unlikely’ to mobilise until 2022
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NewsZego partners with grocery delivery startup on commercial e-bike fleet
With the pandemic seeing an increase in grocery deliveries, the partnership aims to provide flexibility for e-bike fleets
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NewsAviva predicts uptick in cyber insurance sales post-pandemic
The Covid-19 pandemic has forced many SMEs to work remotely, but this comes with a larger cyber risk exposure for businesses
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NewsInsurers refuse four-by-four car cover as thefts double over decade – Broadway Insurance Brokers
Misunderstanding policy wordings can also create extra expense for policyholders if their claims are refused
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NewsSaga seeks transformation with strategic turnaround plan
Group chief executive believes the plan will boost growth for the business, while driving sustainable returns for its investors
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IT InterviewAston Lark boss Peter Blanc on mission to ‘build best broker’ amid acquisition spree
With ten acquisitions completed this year and counting, Aston Lark boss Peter Blanc tells Insurance Times the motives behind the broker’s spending spree and how he envisions the business developing
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NewsCovid clauses creating new D&O concerns
Recent moves by insurers to include broad Covid-19 exclusion clauses may have significant ramifications for the D&O sector
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NewsShed and garage home office spaces could pose risk for insurers – Aviva
In its latest research, Aviva reveals that only a third of people have a designated home office space in their property
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FeaturesIndustry demands change to build sustainable construction PI market
Trade association believes historic liabilities following 2017’s Grenfell Tower tragedy will lead to current claims exposure for insurers providing professional indemnity within the construction sector
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NewsMotor insurers expect usage-based pricing models to be standard in four years – By Bits
Technology was found to be the biggest obstacle for the industry in meeting changing customer needs
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NewsUnderwriting room could remain Lloyd’s focal point, but its role needs redefining – LIIBA
The trade body emphasises that the underwriting room must ’not become the museum of modern insurance’ and that it is essential ’that London remains a critical hub for global insurance business’, despite increased flexible working models
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NewsClimate change is the ‘biggest single investment opportunity’ for sector – Lloyd’s John Neal
The Lloyd’s of London chief executive also listed four key attributes driving the modern way to run a business in a briefing call with journalists last week
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People & OpinionQ&A: Whiplash reforms: The good, the bad and the unintended – Gallagher Bassett
Gallagher Bassett’s UK technical director Andrew Sewell tells Insurance Times what the incoming whiplash reforms will mean to insurers and claims handlers, particularly around the increased risks of fraud
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News360Globalnet warns UK motor insurers of unforeseen data ‘quicksand’ from OIC portal
The insurtech has warned that free text data entry in the new Official Injury Claim portal could lead to insurers being overwhelmed by data
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NewsBrokers aim for ‘trusted advisor’ status with SME clients – Premium Credit
The financial organisation’s latest research also reveals ‘worrying’ trends around paying for business insurance due to Covid-19’s direct impact on SMEs
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NewsFailing to prepare for emerging risks has led to ‘resilience death’ – Marsh
Mitigating the impact of low-frequency, high-risk events will mean different results for different companies, but ‘we have to work together and we have to take action now’, says industry panel
