Risk Management – Page 80
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NewsHMRC launches consultation to make professional indemnity cover compulsory for tax advisors
However, tax professional body declares this is not a ‘magic bullet’ in achieving the government’s aims of improving trust and reducing bad behaviour in the market
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NewsBroker supports humanitarian cat bond first
The new product aims ‘to bridge the insurance gap and allow greater access to insurance and the capital markets for the benefit of the charitable sector and those affected by natural disasters’
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News AnalysisCovid-19 pandemic exacerbates fine art insurance’s hard market conditions
The art sector is heavily reliant on social contact, so the uncertainty of the coronavirus lockdowns have created added risks and challenges from pushing sales online
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NewsPRA chief executive says regulator not interested in adding to its responsibilities
Sam Woods denies ‘the caricature of a rampant regulator intent on crushing the industry under a slow motion avalanche of new capital requirements’, but acknowledges that ‘a changing world requires a tough but flexible regulatory regime’
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NewsInsurance industry will drive green future – Fitch Ratings
Insurers have been told they have a key role to play in supporting the transition to a more sustainable economy
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NewsInsurance group launches new global risk service
Zurich plans to take its ‘risk advisory and prevention services to the next level’ to ‘equip customers with the knowledge to tackle challenges before they develop’
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NewsDespite current ‘trickle’ of home working claims, fraud ‘inevitable’ – Clyde and Co
Panellists at March’s Fraud Charter event agreed that fraudulent claims linked to home working were ’inevitable’ and that the rise in spoofing needs to be dealt with, either by the CMA or the Online Harms Bill
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FeaturesThe Building Safety Bill – what insurers and brokers need to know
With the Building Safety Bill set to pass in 2023, law firm Weightmans debates the changes this will bring and the resulting impact on the insurance industry
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NewsPeach Pi reveals its first broker etrade platform
It hopes to better support small community businesses during challenging times, such as the Covid-19 pandemic
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IT InterviewQ&A: Commitment has always been offering ‘e-trade with a human touch’ – QBE
Insurance Times speaks to QBE’s etrade development manager Corinne Pringle about the latest developments on the QBE Fastflow platform
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NewsInsurance sector must brace for ‘silent revolution’ brought by innovative tech – Instanda
Technology is ‘creating new risks that the industry is currently unprepared for’ says insurtech’s head of solutions
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NewsSwift claims settlement is key to rebuilding Covid-hit reputation says legal alliance
The law firm network also predicts that virtual legal hearings will become the norm moving forward and that liability risks surrounding the Covid-19 vaccine roll out could contribute to claims increases
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IT InterviewQ&A: Big data analytics driven products replacing humans a ‘misconception’ – LexisNexis Risk Solutions
Eleanor Brodie, data science manager at LexisNexis Risk Solutions tells Insurance Times about the biggest misconceptions with data in the industry and why tapping into it could be an asset
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NewsPrestige Underwriting expands relationship with Markerstudy’s retail division
The MGA has a long-term trading partnership with Markerstudy’s retail team
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NewsFormer CHO chair launches credit hire company to turn sector ‘on its head’
Kirsty McKno says ‘it’s perfect timing’ for a new player to shake up the credit hire sector as currently, the market is ‘broken’ and ‘full of friction’
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NewsGovernment commits to working towards state-backed PI for surveyors
The lack of affordable and available professional indemnity insurance for surveyors has been identified as a barrier by the government
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News AnalysisTop women in insurtech weigh in on diversity and inclusion debate
Insurance Times speaks to some of the top women in insurtech in honour of International Women’s Day this month, spotlighting individual contributions to the sector as well as unpicking the value of having a diverse workforce
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NewsGoogle hires new managing director of insurance for North America
Former Deloitte partner, who has previously specialised in insurtech, joins Google - industry voices describe this as ’a very smart move’
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Features‘Unintended consequences’ of whiplash reforms inevitable says MoJ
At Insurance Times’s first Fraud Charter event of the year - held virtually - delegates debated the ins and outs of the new whiplash portal
