Risk Management – Page 96
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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
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NewsRevealed: Claims Excellence Awards finalists 2021
A record number of entries across 18 categories have made it onto the shortlist for Insurance Times’s Claims Excellence Awards this year – did your firm make the cut?
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NewsZego unveils two flexible insurance products for moped and e-bike fleets
The two products are flexible, catering to the surge in delivery and courier services
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NewsBroker Direct and Proficient Insurance roll out data channel to support vehicle repairer networks
The pair’s long-term focus is to push more messages automatically to customers, to avoid policyholders having to proactively log in online or make a call
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NewsCNA Hardy hit by ‘sophisticated’ ransomware attack
It caused network disruption and impacted corporate emails
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NewsPrevisico and Zurich to plug flood risk for big corporate customers
Surface flood water has been deemed the ‘biggest risk’ in the UK, affecting three million people
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Sponsored ContentUsing vehicle insights to enhance customer experience and write profitable business – Cazana
In April’s issue, Cazana’s strategic partnership manager, Roly O’Neil tells Insurance Times about the value of insights from vehicle data and why it could help write profitable business
