Risk Management – Page 99
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NewsDirect Line Group gunning to be the ‘insurance company of the future’
In a live video stream this morning with journalists, Direct Line Group’s chief executive Penny James said the insurer hopes to support customers across their entire insurance lifecycle via a fully digital ecosystem
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FeaturesOpinion: Test case opens industry’s eyes to depth of expectation gap
Editor Katie Scott believes the momentum around getting to grips with the expectation gap has escalated following the FCA’s test case result - insurance leaders are now preparing to tackle this head on for 2021
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News‘There’s no point looking backwards’ at industry’s BI woes says economic secretary
The economic secretary to the Treasury told online delegates that the insurance industry ‘will play a very significant role’ as the UK emerges from the coronavirus lockdown, but that it has to look to the future rather than mull on past grievances
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NewsCovid-19 pandemic creates new cyber threats
A recent Insurance Times webinar, sponsored by CGI, took a look at the evolving cyber threats arising in the wake of the Covid-19 pandemic
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NewsInsurers have to grasp opportunity to lead climate change fight
Tackling climate change gives the insurance sector a ‘chance to show leadership’ and ‘be a driving force in this vital and important issue’ says expert panel
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NewsPaying cyber ransom threats is to ensure customer survival says expert panel
Although a ‘contentious area’, industry leaders said cyber insurers that pay customers’ ransom payments are simply aiming to make ‘sure our customers survive after a particularly unpleasant incident’
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FeaturesBriefing: Will cyber insurance be the casualty of the next ‘black swan’ event?
The issues surrounding business interruption cover linked to pandemic-caused claims hit insurers and hit them hard. It’s only natural, therefore, to want to look ahead to other products that may follow the same trajectory if another black swan event arises - and cyber insurance has “certain parallels” according to the ...
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NewsInsurers must cater to emerging risks posed by new technologies and IoT
During an Insurance Times webinar yesterday, a panel of cyber insurance experts discussed potential risks surrounding IoT products and upcoming technologies, emphasising that insurers must be aware of these challenges in order to deliver ‘proactive’ risk management
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NewsCII flags four areas of reputation risk for brokers
The trade body’s Society of Insurance Broking says that ‘improving the reputation of the insurance sector is a key priority’ if professionals want to boost customer trust in the sector
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NewsLive music and insurance industries call for government backstop for Covid cover
To provide the confidence and security to restart live music events this summer, the insurance and music sectors believe the government must ‘bridge the gap for coronavirus cancellation insurance’
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NewsAllianz could gain a competitive advantage via insurtech partner’s instant claims strategy
GlobalData believes that targeting immediate claims payouts is a ’good strategy’ from Allianz
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NewsData enrichment impact in insurance must be thought about ‘critically’ – FOIL
Speaking at a recent Forum of Insurance Lawyers’ (FOIL) webinar, Duncan Minty founder of Ethics and Insurance discusses the risks around data enrichment
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News‘Every building should have a safety logbook’ – Building Safety Register’s Matt Hodges-Long
In a recent webinar, the Building Safety Register’s co-founder discusses why every building should have a safety logbook and how it might help the insurance industry manage risk four years on from Grenfell
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NewsLloyd’s syndicate Brit confirms it ‘has never’ underwritten Adani coal project policies
Campaigners are now calling on other Lloyd’s syndicates, such as Arch, Ark, Hamilton, Hiscox, Lancashire and MS Amlin, to do the same
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News AnalysisReform ban on pre-medical offers could lead to arrangements that aren’t ‘in the spirit of the rules’
As the government confirms that pre-medical offers will not be allowed for whiplash injuries after 31 May, Insurance Times explores how insurers may seek to circumvent this
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NewsSurveillance of activities could be ‘threat to privacy’ – FOIL
Speaking at a recent Forum of Insurance Lawyers’ (FOIL) webinar, Melissa Collett, professional standards director at the Chartered Insurance Institute (CII) explains why insurers must be “explicitly careful” with data
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NewsAviva aims to have net zero carbon emissions by 2040
Industry commentators say the insurer has gone ‘above and beyond its peers’ to tackle the climate crisis as it commits to stop underwriting companies that make part of its revenue from coal
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NewsAXA reports 3% drop in gross revenue for UK and Ireland in 2020
The insurer has also sought to minimise future exposure to Covid-19 claims by using exclusions within its business interruption and event cancellation policies
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NewsInsurance industry braces as Fire Safety Bill debated in parliament
The House of Commons today debates the Fire Safety Bill, identifying key amendments that could affect the insurance sector
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NewsGeneral insurance market faces ‘fundamental changes’ – EY’s Tony Sault
Tony Sault, EY’s head of general insurance, tells Insurance Times what challenges the insurance industry might face over the next few years following the fallout from the pandemic, the Supreme Court business interruption case and the FCA’s pricing review
