All The market articles – Page 15
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News AnalysisIndustry reacts to ‘far-reaching’ implications of FCA’s price walking remedies
Although the industry supports the aims of the FCA’s pricing review, there are unintended consequences that must be considered by the regulator and insurers alike
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IT InterviewMore deals on the horizon beyond Brightside says Markerstudy’s Humphreys
The company’s group underwriting director believes ‘Covid has created opportunities for growth’, however office space may be scaled back following Brightside’s acquisition due to new, pandemic-influenced working patterns
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News AnalysisCovid-19 pandemic exacerbates fine art insurance’s hard market conditions
The art sector is heavily reliant on social contact, so the uncertainty of the coronavirus lockdowns have created added risks and challenges from pushing sales online
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News AnalysisThe Big Question April 2021: How can the insurance industry apply the key learnings from Lloyd’s most recent culture survey?
In March, Lloyd’s of London published its 2020 culture survey. While it revealed some progress on gender – race and ethnicity still needs to be addressed. Insurance Times asks the industry how they could apply the survey’s key learnings within their own organisations
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FeaturesThe Building Safety Bill – what insurers and brokers need to know
With the Building Safety Bill set to pass in 2023, law firm Weightmans debates the changes this will bring and the resulting impact on the insurance industry
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FeaturesBrexit unlocks opportunities for solvency II reform
Industry commentators believe there is ‘room for improvement’ around the solvency II regulations as Brexit heralds an opportunity to shape the rules to better suit UK businesses
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News AnalysisNo code technology – an untapped opportunity for the insurance sector?
No code technology could be an untapped opportunity for the insurance industry and the London market at a time when digitalisation is vital due to homeworking.
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IT InterviewOne-stop-shop approach for HNW customers presents opportunities for brokers
Criterion’s operations director discusses a rising trend within the high net worth market, explaining how brokers can benefit through enhanced collaboration between business areas
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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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FeaturesLloyd’s to set ethnicity targets to combat culture concerns
The market’s chief executive emphasised that Lloyd’s was keen to ‘create an inclusive and inspiring culture for all’
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NewsThe Big Question March 2021: How do the current market conditions compare to previous ones for professional liability classes?
With the UK set for an economic downturn amid Covid-19, professional liability classes have had quite a ride as a result. Insurance Times asked industry experts how the current market compares to previous ones for this line of business
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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
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News AnalysisBI claims set to place ‘huge burden’ on loss adjusters following Supreme Court ruling
As well as new business interruption claims, many loss adjusters and assessors are also seeing an influx in ‘resurrected’ claims that have been awaiting the appeals judgment before being progressed
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FeaturesAon-WTW merger – a Gordian Knot the market has yet to fully unravel
The $30bn broker mega-merger of Aon and Willis Towers Watson is making slow progress towards completion. However, the market is still struggling to understand what impact it will have for the future
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News AnalysisCovid-driven digital shift opens door of opportunity for new brokers
The Covid-19 pandemic has fast-tracked the use of digital solutions in broking. Insurance Times explores how digital shifts during the pandemic has opened up the market for new broker opportunities
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FeaturesFirms exposed to underinsurance as reputation becomes ‘massively growing risk issue’
Reputation-related insurance products are expected to become a ‘staple’ within the next five years as this risk becomes a rising agenda item for businesses
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FeaturesStandardisation: a route to greater transparency or ‘stifling’ for competition?
Standardising policy wordings may be considered a ‘dangerous road’ by some in the industry, but could some standardised elements support the push for improved transparency and policyholder understanding?
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News AnalysisAmazon’s Ring incidences expose cyber insurance inconsistencies and new IoT risks
Insurance Times explores the emerging risks from Internet of Things’ devices, as well as how it could be an opportunity for brokers and insurers
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Features‘Testing times’ ahead for Covid-related employment liability claims
Industry voices believe a boom in employment liability claims is on the horizon. Insurance Times explores the Covid-19-related drivers behind the trend as well as what insurers and employers need to consider to mitigate claims
