Risk Management – Page 98
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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
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NewsInsurers must change their approach to fraud post-whiplash reform - Kennedys
Despite the reforms’ intention of reducing fraud, law firm partner believes the threat of fraudulent claims will remain the same after 31 May
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NewsAviva strives to strengthen broker relationships to regain star rating
The insurer plans to use a data-led approach to match brokers’ clients with suitable cover following mixed results in Insurance Times’s Five Star Rating Report: Commercial Lines 2020/21
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NewsSports broker accused of denying group of Football League clubs business interruption payouts
The clubs allege that they have lost millions of pounds as fans have been kept off football grounds since June last year
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NewsBusinesses told to take off Covid blinkers and consider longer term risks
Commercial insurance managing director says businesses ‘have a responsibility to act today to ensure a better tomorrow’ by tackling emerging risks and not solely focusing on today’s threat actors, such as the pandemic
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NewsInsurtech UK recommends broadening entrepreneurs’ relief scope following Spring Budget announcement
The trade body for insurtechs has put forward a series of recommendations for research and development tax credits, as investment is vital to insurtechs. However, others believe the non-movement of this tax will benefit brokers
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NewsCovid-19 pandemic sees opportunistic fraud increase
At Insurance Time’s first Fraud Charter roundtable of the year, held virtually, delegates pointed out that opportunistic fraud has risen, for example via scams such as door knocking
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FeaturesBriefing: Will CMCs morph to adopt motor focus post-whiplash reforms?
This month’s Fraud Charter virtual roundtable unpicked how claims management companies could evolve following the implementation of the first part of the whiplash reforms in May – it appears there is still fertile ground here for the FCA to tend
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News AnalysisFlood deal spotlights the need for a proactive approach
Swiss Re’s latest flood partnership gives visibility to the fact that data is becoming increasingly vital in the proactive management of flood risks
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NewsDirect Insurance Group reveals multimillion pound IT investment
The group’s chief executive says digital transformation is a key strategic goal
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News Analysis‘Broken’ insurance industry must find fire insurance solution following Grenfell
Brokers attempt to pick up the pieces as insurers shun high-rise block exposures, however broker trade body believes it would be ‘disappointing’ if the industry failed to find a workable solution for a risk the sector has been insuring for centuries
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NewsHybrid working model is a ‘huge opportunity’ post-pandemic – Direct Line Group’s Penny James
Direct Line Group’s chief executive says she is proud of her staff managing the stresses of lockdown while serving customers throughout the pandemic
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NewsAverage home insurance premiums drop 1.2% despite accidental claims uptick
But London remains the most expensive region for home insurance
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NewsDirect Line Group recommencing share buyback
The insurer will also be rewarding its staff with shares as a thank you for their resilience
