Commercial Lines articles – Page 65
-
NewsNearly a quarter of SMEs buy cyber cover due to remote working uptick
Around a fifth of small to medium-sized businesses bought cyber cover due to a broker’s recommendation, says analytics firm
-
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
-
AnalysisProperty insurers fall to underwriting loss as Covid-19 and climate change hit hard
Business size affects insurers’ buoyancy in the property insurance market after 2020 brought business interruption claims and storm losses to firms’ doorsteps
-
NewsGlobal commercial insurance prices up 15% in Q3 2021 - Marsh
Despite pricing levelling out in certain lines of business, the insurance industry needs to be ready as the ‘pressure on rates in cyber insurance’ continues, says broker president
-
NewsBrokerFest 2021: Regulation bar will be ‘a lot higher’ for brokers selling to SMEs
Industry experts predict more regulation to be incoming around insurance for SMEs as the regulator wants these firms to be treated ‘like personal lines customers’
-
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
-
NewsBoom in business protection complaints show customers still feel ‘hard done by’ – Insurance DataLab
Despite the High Court’s ruling to clarify business interruption claims, complaints have increased more than fourfold over the last year
-
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
-
NewsLockton launches crisis management division
The new unit will be led by head of crisis management Matt Humphries
-
NewsBrokerFest 2021: SMEs face underinsurance risk around intangible assets
Although cyber cover for SMEs is a ‘tough sell’ for brokers, these businesses should be encouraged to seek expert advice ‘because they won’t understand intangible risks as well as brokers do’
-
NewsBrokerFest 2021: Businesses struggling to keep pace with hardening cyber market
With ransomware and cyber threats constantly evolving, CyberCube’s chief growth officer discusses what brokers can do to help clients in a hard market
-
NewsBrokerFest 2021: Hybrid working heightens reputational risk for SMEs
Reputational risk is high on businesses’ agendas as many firms have now switched to hybrid or home working models
-
NewsBrokerFest 2021: Parametric insurance provides efficiency and business resiliency – FloodFlash
The ‘most exciting’ development in parametric insurance is its use in non-damage business interruption, says broker success manager
-
IT InterviewIan McCarron: Broker was ‘scared’ yet pandemic provides ‘more positives than negatives’
Despite its annual premium eroding by 65% during the Covid-19-related lockdowns, the business is now ‘on track’ to achieve 30% ahead of budget
-
AnalysisBriefing: Are MGAs stealing the service limelight from insurers?
Feedback from brokers at BrokerFest 2021 highlights lagging insurer service and a greater appetite to work with MGAs in their stead – will these businesses cash in on this gift-wrapped opportunity?
-
NewsBrokerFest 2021: Brokers act as ‘buffer’ to mitigate ‘appalling’ insurer service for SME risk
Providing a ‘slick service’ to SMEs is harder than ever thanks to a lack of access to technical underwriters and error-laden documentation, says broker boss
-
NewsBrokers call out ‘conflict of interest’ in delayed government-backed £750m live events reinsurance scheme
Concerns over a ’conflict on interest’ has been raised by several brokers in the market
-
NewsBrighton Pier Group receives £5m following Covid-linked business interruption claim
The claim relates to losses incurred to the end of June 2021
-
NewsGovernment explores underwriting home insurance for flammable cladding risk
Home insurance premiums have soared from £8m to £29m in a year, according to the Association of Residential Managing Agents
-
AnalysisBriefing: Unpicking industry challenges at BrokerFest 2021
On Monday, brokers will hear a pandemic case study from commercial wheels broker McCarron Coates, as well as have the option to learn about the current lay of the land in high net worth
