Commercial Lines related articles – Page 60
-
NewsBeazley posts 2022 half-year COR of 87%
The insurer is actively managing ’inflation and recession’, says chief executive
-
AnalysisBriefing: Small comfort for insurance industry from FSB report
Sector faces stinging remarks from member organisation about not adequately supporting small businesses – this must be a blow for relationship-centric brokers
-
NewsCost of living pressures push uptick in fraudulent property claims – Zurich UK
Fraudsters submitting bogus claims ‘drives up the cost of premiums for everyone’, says detective chief inspector
-
AnalysisInsurers must be alert to the threat of physical damage from cyber attacks
Recent cyber attacks on a number of Iranian steel plants evidence the dangers these events can pose to physical infrastructure - this should serve as a warning to insurers
-
NewsLack of affordable cover a ‘significant barrier’ to growth of small businesses – FSB
The cost of insurance should not be excluded from the price of doing business, says board director
-
AnalysisInsurers must tackle ‘computer says no’ approach as risks become ‘less standard’
Some brokers are now providing incomplete or inaccurate information to place risks quickly and at a ‘reasonable price’, says director
-
NewsIncreased use of the metaverse could support ‘shift from risk indemnity to risk mitigation’ – Accenture
Use of the metaverse for the insurance sector is “evolving at pace”, says global insurance lead
-
AnalysisUptick in livestock disease claims leads to farmer losses and increased insurer costs
It is pivotal that brokers have meaningful conversations with agricultural clients to ensure they understand farming’s operational risks
-
NewsInflation contributing to an increased number of aircraft being written off
Repairable vehicles are increasingly being scrapped as the cost of repairs approaches their total value, says aviation portfolio manager
-
AnalysisInsurers must deploy capital ‘confidently’ to solve cyber cover supply and demand imbalance
Demand for cyber insurance has increased - but so has the price
-
NewsPIB Group buys Spanish commercial lines broker
The deal marks the broker’s fourth purchase in Spain, reflecting its ‘ultimate goal of becoming one of the most important insurance brokers in the market’
-
NewsOnly 26% of small businesses see cyber security as a ‘top priority’ – Direct Line
’It’s important that employees are trained to identify potential points of vulnerability,’ says product manager
-
AnalysisAviation market braces for ‘potentially huge losses’ as Russian aircraft seizures bite
The aviation insurance market ’is burying its head in the sand’ when it comes to tackling the fallout from the Russia-Ukraine conflict
-
NewsPoor management of climate risks could lead to D&O and E&O claims – Kennedys
Environmental and climate risks can impact ‘all types of insurance policies’ because they are ‘a constant, growing concern’, says law firm partner
-
NewsBeazley warns of ‘increasingly complex’ cyber risks
It is essential that organisations understand cyber threats and resulting vulnerabilities, says global head of cyber services
-
NewsEmerging BazarCall ransomware targeting small businesses, CFC warns
Most workplaces do not educate staff about social engineering attacks, says cyber threat analysis team leader
-
AnalysisBriefing: Commercial lines digitalisation now ‘accelerating’ after slow start
Easy to digest personal lines data led to this part of the market taking the lead when it came to digital transformation. However, industry commentators tell me that commercial lines is now quickly playing catch up
-
NewsKonsileo secures £4.7m series A funding ‘to shake up the world of commercial broking’
Chief executive plans to use new funding to recruit more UK insurance brokers ’and continue to shake up the world of commercial broking’
-
NewsBrokers want more support from insurers when handling complex claims – Allianz
When brokers and insurers work together to handle claims, communication via email is one broker bugbear that insurers should be aware of
-
Sponsored ContentTravelers: Why smaller solicitor clients need professional indemnity insurance
James Graham, deputy head of professional indemnity and cyber at Travelers, outlines the best practices to follow when advising on PI cover for smaller solicitors - their reputations will likely depend on it
