All Issue archive articles – Page 17
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Analysis
Opinion: Insurers still drowning in BI claims backlog
One year on from the FCA’s first publication of BI claims payment data, editor Katie Scott reviews the industry’s progress to date
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Analysis
Brokers have a ‘key role’ following latest Scottish fire safety legislation
Five years on from the Grenfell Tower incident, and fire safety legislation is still being rolled out, the latest measure from the Scottish government, however, places brokers at the forefront of customer education
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Analysis
In Focus: Are broker schemes the answer to professional indemnity cover challenges?
Industry experts debate whether broker schemes could solve professional indemnity insurance’s (PII) woes after SchemeServe revealed PII schemes netted brokers the most income between 1 April and 31 September 2021
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Analysis
In Focus: How broker schemes are navigating the FCA’s fair value focus
The regulator’s pricing reform, which includes product governance requirements, raises industry questions about whether broker schemes offer fair value to customers
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Analysis
The Big Question March 2022: How can brokers best plan for succession amid a buoyant M&A market?
As an abundance of M&A hits headlines, Insurance Times asks the industry how brokers can best plan for succession
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Analysis
Changes to the Highway Code set to cause ‘absolute chaos’ for commercial fleet drivers
Brokers will be at the forefront when it comes to educating the public about the changes, while insurers will need to watch out for fraud
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Analysis
Lloyd’s signals ‘phony innovation war’ is over with 2022 blueprint buzz
Lloyd’s digital transformation could save the marketplace both time and money in the future, but the implementation process could pose challenges. Insurance Times investigates
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IT Interview
Jake Fox: JM Glendinning is gearing up to ‘acquire pretty much everything and anything’
Group managing director outlines how the broker plans to double its GWP over the next four years
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IT Interview
Colm Holmes: Allianz is ‘always looking to do more with brokers’
Following the publication of its 2021 year-end financial results, the insurer plans to ‘increase investment in broker relationships’, according to new chief executive
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Analysis
No sex please, we’re insurers
With sex-centric event organisers struggling to access insurance, insurers are being accused of turning their backs on the new breed of sex-related organisations
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IT Interview
Ola Jacob: ‘Flying the flag’ for diversity and inclusion equals greater innovation
While the recruitment and retention of ethnic minorities has always been an issue for the insurance sector, FloodFlash’s broker success manager hopes to demonstrate that the industry does, in fact, have a place for everyone
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Analysis
Metaverse and NFT insurance – to be or not to be?
As metaverses take the internet by storm, Insurance Times explores whether the insurance industry can capitalise on covering risk in digital worlds
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Analysis
Is postal workers’ pet hate driving dog-related public liability claims?
Following increased pet ownership during the pandemic, pet-centric public liability claims could be on the up – commentators believe fraud in this area is unlikely, despite policyholder feedback
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Analysis
Briefing: Are medical reports the latest snag in the OIC portal process?
Are medical reports behind the noted uptick in psychological injuries being added to whiplash claims and are firms deliberately delaying issuing claimant medical reports to save costs?
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Analysis
Motor market back in black as claims fall
Insurance DataLab unpicks underwriting in the motor insurance market, flagging the financials of successful firms that have weathered pandemic and regulatory-induced trends
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News
Curbing etrading referral delays requires brokers to understand insurers’ risk appetite
Live chat facilities and developing new capabilities in broker management systems will also help relieve referral build up
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News
Beazley targets cyber book growth in 2022 following increased customer demand
Chief executive also celebrates insurer’s ‘largest profits in history’ following Covid-dented 2020
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IT Interview
Andre Symes: Why insurance ‘needs a rebrand’ following Covid BI test case
Despite the fallout from the FCA’s business interruption test case denting consumer trust, insurtechs could play a key remedying role as they are ’for the people, by the people’
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IT Interview
A ‘strong focus on relationships’ sees Covea retain five star recognition in personal lines report
‘Outside the box’ underwriting has helped the insurer maintain its five star streak with personal lines brokers, according to its director of intermediated distribution
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Analysis
FCA’s pricing rule change means 2022 is brokers’ ‘time to shine’
A service driven market centred around fair value, rather than price, could mean 2022 is brokers’ ‘time to shine’, despite product governance compliance being ‘one of the biggest challenges’ for broking firms