Schemes – Page 7
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FeaturesIn Focus: How are broker schemes innovating to accommodate new risks?
Industry experts discuss the ways in which broker schemes are innovating to cover new risks, such as SMEs, e-scooters and short term rental accommodation
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NewsGovernment committee proposes time limited insurance scheme to prevent live event ‘lost summer’
DCMS committee says ‘the government must act now’ as there is ‘no more room for excuses’
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NewsTemporary trade credit reinsurance scheme to close
Outgoing ABI director general says the scheme is an ‘excellent example’ of how the government and the insurance industry can work together
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FeaturesIn Focus: Hard market and Covid-19 brings brokers more schemes opportunities
Fallout from the Covid-19 pandemic has pushed schemes for SMEs up the agenda, with ’brokers looking at this closer than ever’
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NewsEmployment claims influx ahead following furlough scheme closure – ARAG
Rates in the employers practices liability insurance market were hardening prior to the pandemic – some non-specialist providers had already withdrawn
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NewsNew SchemeServe Network could double brokers’ GWP from schemes
The new network is supported by a panel of seven insurers that specialise in schemes, including AXA and Hiscox
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FeaturesWhat are the most profitable schemes and growth opportunities for brokers?
Although not tipped as the best performing scheme year-on-year, contractors all risks cover represents a ‘market opportunity for brokers’ as the UK exits lockdown
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NewsAston Lark launches broker portal for renovation insurance scheme
The launch follows a successful pilot conducted last November and is ‘just the start of what is to come’, according to scheme manager
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NewsGovernment launches consultation to amend Flood Re scheme
Under the proposals, claims payouts will include additional funds to help policyholders ‘build back better’ following flood damage
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NewsABI backs government funded indemnity scheme for care homes and pharmacies vaccination
The vaccine minister confirmed that this scheme was to provide insurance such as clinical negligence and employers liability
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NewsMusic lobby group calls on government to underwrite festival insurance schemes
The music lobby group is working with the government to identify how it can hold live music events safely and reduce the risk of contracting the virus
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NewsGovernment’s trade credit reinsurance scheme extended
The temporary support measures will now run until June 2021
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FeaturesWhat are the most profitable schemes for brokers amid the pandemic recession?
Although commercial combined schemes have brought brokers the most commission between April and September, residential property owners’ cover is declared the ‘biggest earner’ for this period
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NewsPIB Group and Ageas agree £40m deal for tenant risk scheme
The five-year partnership will see Ageas underwrite the scheme from 1 November
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NewsColdplay bass player calling for government insurance scheme to save events sector
The £90bn events sector is in dire straits due to enforced lockdown measures during the pandemic, but a scheme similar to that of the TV and film industry’s could provide relief
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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.
