All articles by Clare Ruel – Page 65
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AnalysisIn Focus: Petrol crisis fuels interest in electric vehicles
The push towards a greener future will see electric vehicles increasingly come into play, but the insurance industry still has more to learn about this mode of transport
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NewsJohn Lewis pulls home insurance advert after FCA calls it ‘potentially misleading’
The retailer will be contacting all customers that bought the product while the advert aired to ensure there is no confusion
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NewsDAC Beachcroft and insurtech reveal digital tool to speed up liability submissions
The collaboration aims to help insurers ’safeguard against the risk of claims’
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NewsMotor insurers pocket £3.3bn Covid windfall – ACSO
Pandemic linked lockdowns saw car insurers reap £118 per policy, states ACSO’s research
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NewsInsurtech investment surpasses $10bn in Q3 – Willis Towers Watson
Willis Re’s global head of insurtech warns that despite the huge amount of investment in the sector, this is only landing ’on the doorstops of the few’
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NewsTop UK insurtechs revealed
First placing insurtech says it is a ‘great achievement’ to top the rankings
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NewsGeo Specialty broadens UK political violence and terrorism BI cover
Cover will also include the increased cost of working while clients are unable to access their premises following an attack
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NewsIndustry alerted over fraud risk surrounding foreign registered vehicle claims
Motor claims for foreign registered vehicle claims have reduced due to Brexit and the Covid-19 pandemic, but fraud concerning these vehicles has continued
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NewsLegal indemnity broker sees new managing director take reigns
The broker is celebrating its 10-year anniversary
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NewsInsurance firm launches legal expenses product for foster carers
Between 2019 and 2020, there were almost 2,500 complaints made against foster carers, of which 63% were made by fostered children against their own carers, says business development lead
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NewsFCA calls for Online Safety Bill extension in latest report
The regulator’s chief executive says the FCA is ’committed to being more innovative, assertive and adaptive’
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NewsSix insurance associations sign open letter to MP ahead of Autumn Budget
The letter argues that the funding proposed is ’extremely important’ in continuing the trend of the UK being a leader in insurance innovation
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NewsCFC secures significant investment from two private equity firms
The firm has grown its employee count over the past three years, establishing a global footprint with more than 500 staff located across the UK, US, Europe and Australia
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NewsSharp decline in motor claims following MoJ release of OIC data
For the year as a whole, just under 300,000 motor claims were registered in 2021 compared to 350,000 between June and September the previous year
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NewsNew OIC data reveals only 1% of claims settled
The insurance industry largely welcomes the new Online Injury Claim portal, but it is still early days as the data reveals that 4,331 claimants are unrepresented
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NewsLoss adjuster warns of spike in cannabis linked fire claims amid lockdown easing
Around 94% of cannabis farms are now located in domestic premises and around 25 farms or factories are being discovered by police each day
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NewsPercayso’s new no code solution gives insurers control over data enrichment
The new product will allow insurers to make changes to data easily
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NewsBrokerFest 2021: Sustained period of cyber market hardening must be fully understood
Ransomware demand ’is 20 times more than what we saw in 2018’, says MGA’s head of cyber
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AnalysisCO2 crisis could spark fresh demand in supply chain cover
Climbing CO2 prices have put pressure on the national and global supply chain, subsequently affecting Covid-hit SMEs
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NewsGRP buys minority stake in specialist broker
The Hedron network member is the first to benefit from GRP’s minority investment strategy
