All articles by Katie Scott – Page 40
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NewsNearly half of bike insurance claims in 2020 were for theft – Bikmo
The average claim amount last year for bike insurance was £1,293 says specialist cycling insurer
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News AnalysisLockdown mitigates claims impact of Beast from the East II
Policyholders staying at home during lockdown are better able to combat potential escape of water claims resulting from the recent snowfall, but commercial clients may still be at risk following lockdown-induced business closures
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NewsBrit reports a 5.7% increase in GWP over 2020 despite $232m loss after tax
Group chief executive says there are ‘a number of indicators to give us cause for optimism’, regardless of the ‘significant’ financial impact of Covid-19
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NewsBe Wiser to consult with 280 staff over potential job losses
The move is to ensure the business is ‘ahead of the game and ready to make the most of market conditions when the market bounces back’ says broker chief executive
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IT InterviewStaying relevant is ‘the biggest, most interesting challenge out of this pandemic’ – David Howden
Plus, Howden Group’s chief executive believes the current hard market ‘will certainly sort the wheat from the chaff’
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NewsZurich UK reports 73% drop in business operating profit due to Covid-19
The insurer’s property and casualty business also experienced a 75% decline in business operating profit, however gross written premium for this division grew by 11% year-on-year
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NewsDuff and Phelps offers support for Prometheus policyholders following collapse
The firm believes there are around 5,000 policyholders in the UK and Gibraltar who have been affected by Prometheus going into administration
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Features‘Testing times’ ahead for Covid-related employment liability claims
Industry voices believe a boom in employment liability claims is on the horizon. Insurance Times explores the Covid-19-related drivers behind the trend as well as what insurers and employers need to consider to mitigate claims
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NewsAllianz Insurance has issued BI claims pay outs on 75% of valid claims
At the end of January 2021, the insurer had made 1,832 interim and final BI claims payments
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FeaturesBriefing: Insurance firms must adopt a people-centric approach to beat ‘lockdown fatigue’
In the privacy of our own homes, it may feel like lockdown is never going to end. However, employers must be proactive in shooing away fatigue-focused thoughts if they want their businesses to succeed in the long-term
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NewsManifesto 2021: Biba pushes for shared industry and government solution to pandemic insurance
The trade association’s executive director says the UK should learn from models used in other countries to produce a ‘longer-term’ answer to cover pandemic risk
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NewsManifesto 2021: Biba launches resilience-themed 2021 manifesto
The trade body flags seven key topic areas that are of prime importance for brokers over the coming year
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IT InterviewHard market is ‘biggest opportunity we have’ – McGill and Partners
The broker’s head of structured solutions admits that he lives ‘on tension and strain in the market’ in order to drive product innovation
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News AnalysisHowden Group puts ‘a new clank in that whole model’ by backing Dual with capital
Chief executive David Howden says Dual ‘as a business is absolutely of the moment’ and is now ‘in quite a unique position’ following internal capacity investment
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NewsIrish High Court rules against insurer FBD in Covid-linked BI claims case
The ruling could impact claims made by around 1,000 Irish pubs and restaurants
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NewsMPs to launch inquiry into LV= potential takeover
The All-Party Parliamentary Group for Mutuals are ‘concerned’ about how the proposed sale could affect ‘LV= members, the insurance industry and competition and choice in financial services’
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NewsMotor injury claims fall by 23% year-on-year due to Covid-19
Overall, claims fell by 47% last year across motor, employers’ liability, public liability and clinical negligence claims
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IT InterviewInsurance industry’s resilience has made it ‘attractive to capital’ and open to ‘more consolidation’
Howden Group’s chief executive describes the lay of the land when it comes to M&A activity and highlights his business’s approach to acquisitions
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FeaturesBriefing: Risk registers need a revamp to be ready for a working world post-Covid-19
Insurance needs to play a bigger role in responding to risk flexibly moving forward
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NewsInsurance sector is in ‘a digital arms race’ – Salesforce
The industry needs to get better at using data for cross-selling and upselling opportunities, according to expert panel
