All articles by Katie Scott – Page 48
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FeaturesWhat are the most profitable schemes for brokers amid the pandemic recession?
Although commercial combined schemes have brought brokers the most commission between April and September, residential property owners’ cover is declared the ‘biggest earner’ for this period
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NewsHome insurers could save around £368m in 2020 thanks to Covid-19 lockdowns
During the course of the year, there has been a 12.4% overall drop in home insurance claims
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NewsReputation is ‘hidden’ claims cost insurers must mitigate
A customer’s bad claims experience and the overall reputation of the insurer can have a correlating impact on claims costs, agreed expert panel
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NewsInsurers must be proactive around interventional rehab ahead of whiplash reforms – Connexus Group
Expert panel suggests that it is imperative to engage with third parties early in order to grasp a fuller understanding of claims costs
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NewsEthos Broking is ‘planning and preparing vigorously’ for Brexit, says MD
Ethos’ plans include the creation of ‘a Maltese PCC for one of our existing partners’
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News‘Partnership-led ecosystem’ central to future of broker success
It is not ‘feasible’ or ‘reasonable’ to expect brokers to have in-house capability for a myriad of value-added services, says broking chief executive
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NewsLV= pays out £10m in storm damage claims this year
The insurer says that the average storm claim cost is £2,600
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NewsUnderwriting is ‘battlefield that remains to be conquered’ by technology – Swiss Re
Expert panel agrees that the use of technology and data is transforming the role of the underwriter and that ‘tech-fuelled’ insurers need to be the norm rather than the exception
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NewsGeneralist brokers ‘can’t stay ahead’ in ‘asymmetric’ economic downturn – Partners&
Industry experts agree that brokers need to forge sector specialisms in order to better understand their customers and to ensure success post pandemic
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NewsFSCS to crank up supplementary levy to accommodate for firm failures
The general insurance distribution class retail pool will need to stump up an extra £29m, for example
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IT InterviewIn Focus: Independent brokers have ‘a mindset for survival’ – Ethos Broking
Building resilience while navigating the Covid-19 pandemic lies in forging progressive growth supported by the foundations of culture, communications and care, says Ethos Broking’s managing director
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Features‘Gross profit’ terminology confusion creates underinsurance hazard – Sedgwick
Determining insurable gross profit versus an accounting gross profit can be a headache for policyholders, however if calculated incorrectly, the ramifications on business interruption claim payouts could be impactful. Insurance Times explores the issue as well as possible solutions
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FeaturesBriefing: Productivity vs staff wellbeing – the homeworking conundrum
Productivity gains should not be at the detriment to employee wellness, especially as the pandemic presents a ‘mental health timebomb’
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NewsAlmost half of insurance professionals mulling career change post-pandemic - KMPG
Research reveals opportunity for insurers to invest in staff training if they want to attract and retain talent
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NewsBrokers need to be SME business partners to secure success post Covid – Markel
Expert panel agrees that an advice-led approach complete with value-added services, such as tax and legal support, is the future of commercial broking post pandemic
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NewsARAG confirms new chief financial officer in preparation for Moreton retirement
The new hire has worked at firms such as QBE and Markel International
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NewsHowden buys cyber and technology-focused broker
The company says the purchase ‘supercharges our growth in this important market’
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IT InterviewIndustry has work to do to regain customer confidence – Zurich
Zurich UK’s head of retail believes insurers are ‘absolutely all aligned’ to repairing the reputational damage caused by the FCA’s test case and confusion over business interruption cover
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NewsTake greater heed of climate risks, insurers warned
Law firm partner says insurers may need to take a leaf out of cyber insurance’s book with ‘explicit exclusions’
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NewsEsure revamps management team with two new appointments
The new hires will support the business with its digital transformation journey
