Risk Management – Page 90
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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
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Sponsored ContentBrokers’ professional indemnity ‘it’s a risky business’ – Manchester Underwriting Management
In Insurance Times’s April 2021 issue, Manchester Underwriting Management’s Richard Webb discusses helping brokers through the difficulties they are facing as a result of Covid-19 and business interruption claims
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NewsHow location intelligence could serve insurers and brokers – InsTech London
In its latest report, InsTech London discusses how location intelligence might benefit the insurance industry and how some firms are already tapping into it
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NewsHoncho and Admiral join forces for multi-car proposition
The insurtech has wanted to bring multi-car cover to its apps for a while
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NewsUK brokers boast stronger relationships with clients than pre-pandemic – GlobalData
The data analytics and consulting firm also found that nearly half of brokers’ clients are interested in finding out about coverage gaps following the pandemic
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News AnalysisSuez Canal blockage leaves ‘(re)insurers significantly exposed to business interruption risks’
As the Suez Canal reopens, the insurance industry is bracing itself for huge losses ‘made up of compensation for delays’ and covering ‘potential damage to cargo’
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IT InterviewInigo – the London market startup with ‘people and data’ at its core
Earlier this month, Lloyd’s reinsurance group and startup Inigo snapped up StarStone Managing Agency and Syndicate 1301. Now, its chief executive and co-founder Richard Watson tells Insurance Times the firm’s plans for 2021 and why people and data are vital
