All articles by Clare Ruel – Page 78
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NewsHiscox reaches settlement with BI action group
The settlement is in line with the Supreme Court judgment
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NewsMotorsports to become exempt from EU’s Motor Insurance Directive
The first formal proposal to revise the MID in motorsport’s interests came in 2018
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NewsDavid Amess: Sustainable energy agenda poses ‘major challenge’ to fire safety risks post-Grenfell
The MP is calling for another review of the building safety reform process because ‘fire safety has not kept pace with developments in building design’
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NewsHouse of Insurtech chief exec reveals business plans following £400k funding
The insurtech’s founder and chief executive says the online customer journey in insurance is ’pretty poor’ – he aims to improve it
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NewsTop UK insurance firms see 5% top line decline in 2020 – GlobalData
This includes Aviva as well as Legal and General
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NewsZurich UK’s 2021 ethnicity pay gap data signals ‘more work to do’
The insurer has also revealed a series of interventions, including ethnically diverse interview panels
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NewsTL Dallas launches North Yorkshire division led by ex-Marsh bosses
Collectively, the two ex-Marsh hires have more than 50 years of experience in insurance and risk management
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NewsPrince Charles and global insurance industry join forces on climate change
Lloyd’s chairman says that ’partnership and accelerated action’ can help address ‘unprecedented’ climate change risk
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NewsHouse of Insurtech secures £400k seed round funding
The insurance software market has been estimated to be worth $7bn a year
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News77% of motor insurers need to evolve policies to reflect driving behaviour – By Bits
Around 90% of drivers aged 35 and above want more transparency in pricing for motor insurance
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NewsSoaring insurtech investment to impact actuary work and job opportunities – IFoA
The Institute and Faculty of Actuaries says insurtech market entrants are targeting areas where established players are not delivering on price
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News‘Risk exposure changes’ driven by changing Covid-19 lockdown measures – IFoA
The Institute and Faculty of Actuaries (IFoA) has highlighted a further challenge for general insurance pricing - how ongoing lockdowns should be considered within risk rates going forward
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FeaturesIn Focus: How will insurers take the BI test case ruling forward post-pandemic?
Industry experts debate how insurers might apply the FCA’s business interruption (BI) test case ruling in a post-pandemic era, as July marks one year since the High Court’s virtual hearing
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NewsBrits believe insurance sector didn't offer enough pandemic support – Guidewire
Guidewire’s MD for EMEA says insurers have experienced a ‘rough journey’ during the pandemic, however ’the opportunities to remedy indifference, even negativity among customers, are very achievable’
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NewsIndustry braces for claims as catalytic converter thefts surge by over 100%
The AA’s president says ’modern cat burglars stealing and selling cats for cash are part of a criminal chain’ following the insurer experiencing a rise back in April
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NewsThree taxi drivers convicted of fraud by misrepresentation
ERS’s claims manager said the case demonstrated ’an act of wilful deception’, which is why the insurer felt it ’had no choice but to pursue a criminal prosecution’
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NewsUK tech sector reaches 100th unicorn milestone following Tractable valuation
The UK now has more tech unicorns than Germany, France and the Netherlands combined - MP Oliver Dowden says this ’cements the UK as one of the world’s top tech hubs’
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NewsDavies Group inks deal to buy property claims firm to expand North American reach
The firm will bring a ’wealth of knowledge’ to Davies according to group chief executive
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NewsLloyd’s of London secures £650m five-year cover for Central Fund
With the backing of eight reinsurers, the cover will act as a ’significant buffer’ against adverse solvency
