Risk Management – Page 14
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News AnalysisIn Focus: Are brokers at risk of losing market share as embedded insurance grows?
’If distribution is moving from analogue to digital – and the brokers aren’t moving with it – that creates a vacuum,’ says director
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NewsBiba announces new partnership with Premium Credit
’Premium finance is a vital product which opens access to insurance for many who don’t necessarily have the funds to pay upfront,’ says chief executive
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NewsAdmiral commits to Flood Re’s Build Back Better scheme
’We know how devastating the damage, inconvenience and emotional burden a flood in the home can be,’ says head
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IT InterviewMark Plews: ‘Proactive’ risk management is ‘an increasing part’ of Markel UK’s service for care sector
Insurer is determined ‘to highlight that it is [a] false saving to reduce investment [on] risk management’, says underwriting director
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News AnalysisBriefing: Sector must showcase ‘collaboration, certainty and creativity’ to bolster reputation
New Generation Programme report reveals approaches that have boosted or hampered the insurance industry in the past – the sector must make positive strides with these learnings if it is to grow trust with consumers
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News AnalysisBriefing: Musk and other tech disruptors have their eyes on insurance
The insurance industry is unpopular but profitable, while also largely reliant on legacy technology
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News AnalysisUK government’s housing expansion plans has industry nervous for flood risk impact
Recent storms coupled with the Labour government’s plan to build 1.5 million homes by the next parliament – a target set by prime minister Keir Starmer in October 2023 – gives the insurance industry pause for thought around balancing flood risk management, property insurance and demand for housing
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NewsCII aims to help insurers build public trust with new report
’Public trust is a vital component of insurance,’ says chief executive
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NewsCyber insurance growth brings range of challenges for insurers
’Cyber insurance is unlike other lines, such as household, where insurers would limit the number of insured properties in high-risk areas,’ says senior insurance analyst
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NewsCyber MGA inks deal with RSA to launch new London market facility
President says deal ’will help our clients and broker partners build insurance towers efficiently’
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News AnalysisBriefing: Continued flood risk brings possible property protection gap to the forefront
A new protection gap between insured and uninsured property losses, driven by flooding in the UK, means it is more important than ever for brokers to be proactive when supporting clients
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News AnalysisBriefing: Is underinsurance onus pushed onto policyholders to address?
Strategic planning director says it is policyholders’ ‘responsibility’ to ascertain building valuation information to avoid underinsurance, but is there an implication that brokers are not doing enough here?
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News AnalysisIndustry deems regulatory focus on operational resilience a ‘sensible move’
The FCA is collaborating with its regulatory peers to introduce new rules around operational resilience, seeking to mitigate ‘intolerable harm’ arising from disruptive events
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NewsGallagher reveals 2024 protests impacted more than one in four UK businesses
’It is clear that all kinds of civil unrest in the UK is a problem and is weighing heavily on the minds of business leaders,’ says director
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NewsDrone MGA secures capacity for new liability product
’As drones continue to revolutionise everything from agriculture to transportation, it’s clear that this booming sector demands forward-thinking, flexible insurance solutions,’ says managing director
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News AnalysisIn Focus: How should UKGI underwrite emerging technologies like VR gaming and advanced robotics?
According to TechUK, more than 400,000 articles about artificial intelligence were published in UK media across 2023 – but how is the insurance sector seeking to underwrite uncharted tech tools such as robotics and virtual reality worlds?
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News AnalysisBriefing: Soaring EV sales spark new underwriting concerns over fire risks
Electrified vehicles now represent a 7.7% share of the UK’s used car market, which could impact the severity of lithium-ion battery risks insurers are grappling with
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NewsFlood Re urges government to invest £1bn annually in flood defences
’We must continue to mitigate the damage caused by flooding to ensure the insurance market has the ability to provide affordable cover to those at risk,’ says director of communications and transition
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NewsAI tops UK insurance risk index for 2025
’Being utterly nimble and embracing the change AI will bring is the only survival option,’ says global head of cyber and data
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IT InterviewQ&A: Geospatial intelligence data becoming more valued tool in brokers’ arsenal
Caroline Elliott-Grey, senior product manager for the UK and Ireland at LexisNexis Risk Solutions, explains how brokers can utilise geospatial data to better serve clients amid fluctuating climate
