Schemes – Page 8
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FeaturesBroker Scheme Focus: Should brokers take some responsibility for customers with unpaid Covid BI claims?
Insurance Times gets different perspectives on whether scheme brokers should share the blame when it comes to unsatisfied business interruption customers left with unpaid claims due to the coronavirus pandemic
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FeaturesBroker Scheme Focus: FCA test case result has ‘amplified’ impact on broker schemes
Insurance Times speaks to experts across the sector to find out how broker schemes will be affected by the recent test case verdict on the interpretation of business interruption policy wordings for Covid-19 claims
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NewsSpecialist broker Flock selected as Biba drone scheme provider
Brokers can benefit from the scheme as Flock can provide insights on client requirements, the insurtech says
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News AnalysisBroker schemes susceptible to Covid claims fallout
Although broker scheme policy wordings are typically the result of broker and insurer collaboration, industry voices believe schemes could be ‘possibly more exposed’ to Covid-19-related BI claims ‘purely because some of the wordings may not have received the usual insurer level of scrutiny’
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NewsFlood Re endorses government investment and scheme changes
Flood Re has endorsed the government’s plans to invest in the UK’s flood resilience and the changes to the scheme.
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NewsR K Harrison partners with Ageas for land and estates insurance scheme
The five-year agreement is effective from 1 July
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Online onlyBriefing: Why Covid will put broker schemes under pressure
Schemes are at the heart of UK broking. But the Covid crisis, where many claims have arisen from schemes, will force insurers to take a renewed look at the way they set up and manage broker schemes.
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News AnalysisSchemes Index reveals most profitable business lines for brokers
SME package schemes may have delivered the most commission for brokers, but will the Covid-19 pandemic change the broking landscape?
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NewsCovea faces coronavirus exposure on nursery scheme with PIB Group broker
Nursery owners can potentially claim under the policy’s loss of revenue section
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News AnalysisThe Briefing - Insurtech – Surviving Covid-19, government schemes for insurtechs ‘not all it’s cracked up to be’
The government has been instrumental in supporting businesses during the Covid-19 pandemic, however many insurtechs have found that these schemes incur pitfalls and strict eligibility criteria that does not work in their favour
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NewsAviva estimates Covid-19 impact on specialist schemes and brokers as related BI claims reach £200m
Insurer Aviva has estimated that business interruption (BI) claims related to the Covid-19 pandemic will amount to around £200m across its global general insurance portfolio, net of reinsurance.
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NewsGovernment launches temporary reinsurance scheme to facilitate access to trade credit insurance
The initiative aims to help businesses recover from the economic shocks of the Covid-19 pandemic
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NewsGovernment plans to extend dormant assets scheme to encompass insurance sector
Dormant insurance policy proceeds could be re-directed to aid good causes
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News AnalysisThe Briefing: SME broking – Brokers can benefit from focusing on SME schemes
With a broad SME market and new small businesses springing up all over the UK, how do brokers keep abreast of trends and make sure they are offering their customers the best possible value?
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NewsPikl partners with Hiscox for sharing economy scheme roll-out
An earlier report by the insurtech startup found that major insurers did not cater to those that deal with short-term rentals
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NewsRe-insurance scheme helps quarter of a million households in high flood risk areas get cheaper home insurance
The Flood Re initiative has benefitted 3,049 Birmingham households to date
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Online onlyWant to make more money out of schemes? Index reveals most profitable lines
Public liability insurance offers highest renewal commission. Meanwhile, cyber is up and coming as a product bringing good profits to brokers, but more needs to be done to improve understanding
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NewsFraudster trio sentenced for crash scheme on pregnant woman
Two siblings and their friend carried out £18k crash for cash scheme where the victim was a pregnant woman
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AgendaHow can brokers seize the opportunities within schemes?
Four insurance specialists give their views on making the most of business with schemes
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