All articles by Matt Scott – Page 5
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NewsLloyd’s set to pay out up to $4.3bn in Covid-19 claims
CEO John Neal said the coronavirus crisis “will challenge the industry as never before”
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NewsBe Wiser joins Quotezone.co.uk’s van and home insurance panels
Be Wiser chief executive Sharon Beckett said it had been “easy” to align the goals of both companies
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NewsAgeas falls to £2.7m loss after weather claims hit hard
The insurer reported an 11.7 percentage point worsening of its combined operating ratio
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NewsRSA sued by dozens of investors following Irish under-reserving error
The shareholders accused the insurer of using its Irish division as a “cash cow” to support under-performing units in the wider group
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NewsUK commercial rates surge 21% over Q1
The biggest increase was experienced in FinPro lines with average increases of 46%
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News AnalysisSupporting vulnerable customers – a great opportunity for insurers to rebuild reputation amid Covid-19 crisis
The coronavirus pandemic has lead to a surge in the number of vulnerable people in the UK, but new research from Consumer Intelligence reveals the crisis should be viewed as an opportunity to improve customer engagement and loyalty
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NewsInsurance industry 'did not intend to underwrite pandemics', says RSA’s Hester
But the insurer is still paying claims when there is ambiguity in the wording
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Online onlyAdmiral back on top as Hastings slips down the rankings
Admiral UK has regained its place as the best underwriter in UK general insurance after reporting a market-leading combined operating ratio for 2019
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News AnalysisDLG reveals 70% drop in motor claims
And admitted that the coronavirus pandemic may have a knock-on effect on its cost-savings initiatives
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NewsLancashire reveals $35m coronavirus claims for Q1
The insurer’s charitable foundation has also made a £100,000 donation to coronavirus causes
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NewsAllianz launches new claims hub for brokers
Portal provides end-to-end claims notification and tracking for brokers and fleet managers
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NewsAdmiral’s premium refund “sets precedent” for motor market
Research firm GlobalData says move will help the insurer retain customers and market-leading GWP share
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NewsHow The Temporary Kitchen Company Is Driving Down Alternative Accommodation Costs
The business is even helping out with the NHS response to the coronavirus pandemic
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Online onlyHiscox set to face legal action over BI claims refusal
The Night Time Industries Association has announced that it will be coordinating claims against Hiscox for its refusal to pay out under its business interruption policy
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News AnalysisProfits Exposed: Admiral, DLG and Esure rely on reserve releases for underwriting profit
Analysis of the 2019 financial results reveals the ways insurers make profit, and how their revenue streams have changed
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Online onlyIndustry leaders come together to form new coronavirus steering group
The group will work with Pool Re to formulate the industry’s response to the covid-19 pandemic
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News AnalysisMotor insurance and coronavirus: Golden era or further misery?
The coronavirus pandemic has presented a number of challenges for the insurance industry, but the motor market is uniquely placed in that tighter lockdown conditions may actually result in improved claims experiences for insurers
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Online onlyQBE to raise $825m new equity capital in wake of coronavirus pandemic
The insurer said in an announcement to the Australian Stock Exchange that the extra capital would come in the form of a new equity placement and a share purchase plan
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NewsSabre shrinks book as it continues to push through rate increases
Insurer’s combined operating ratio climbs 2.8 percentage points, but remains a highly profitable 73.4% as it expects pricing pressures to ease
