News Analysis – Page 37
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News AnalysisInsurers urged to take a fresh approach to solicitors’ PI amid growing coverage concerns
Conveyancing remains a claims risk area amid today’s recessionary environment, however insurers’ appetite to provide solicitors’ PI cover is growing for firms that present a good risk
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News AnalysisOpinion: Is Europe still the next phase of UK broking M&A?
Editor Katie Scott shares broker views around whether the UK really is running out of broker consolidation targets
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News AnalysisIndustry welcomes FCA review of FSCS thresholds to mitigate ‘unintended unfairness’
In December 2022, the FCA outlined its planned review of the FSCS compensation funding model – trade body says this could prove to be ‘very positive’ for brokers
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News AnalysisIs it the end of the line for property insurance commissions on multioccupancy buildings?
The UK government has indicated its intention to ban managing agents and freeholders from taking commissions when arranging buildings insurance
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News AnalysisBriefing: Could mass tech firm layoffs trigger ripple effect for insurtechs?
As more technology giants announce mass staff layoffs, could the insurtech sector see a similar trajectory?
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IT InterviewGraham Gibson: Claims ‘crescendo moment’ set to reach climax in 2023
The current ‘perfect storm’ of macroeconomic conditions could lead to an increase in fraud, arson and claims costs, says insurer’s chief claims officer
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News AnalysisTechTalk: Are insurtech staff layoffs the ‘quick and easy way out’ of post-pandemic capital conundrums?
While 2021 was filled with the creation of insurtech unicorns, 2022 saw sector-wide staff layoffs - and there could be more to come as inflation and the cost of living crisis continues to grip the market
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News AnalysisBriefing: Brokers are looking for silver linings in economic storm clouds
Macroeconomic conditions are still tough, but it’s time for brokers to roll up their sleeves and embrace the opportunities this could present
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IT Interview‘There is real value in insurers helping people get ahead’ of climate change-related risks – Aviva’s Adam Winslow
Plus, as the UK’s ‘power mix is changing’, Aviva is ‘looking at extending [our] renewables footprint’, noted the insurer’s UKGI chief executive
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News Analysis‘Insurers will have to rely on brokers’ if post-Brexit tax changes come to fruition
Brokers could see changes to their admin workload and trading operations as a result of Brexit
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News AnalysisBriefing: Commercial brokers must build cyber cover confidence to avoid ‘lazy broking’
Are brokers sufficiently equipped to have well informed cyber insurance discussions with clients or are they ‘doing a very poor job on the whole’?
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News AnalysisThe Big Question January/February 2023: How can insurance firms help SMEs amid increased business insolvencies?
As UK business insolvencies spike due to tighter financial pressures, Insurance Times asks industry leaders about what firms can do to mitigate the risk
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News AnalysisBriefing: Hybrid working creates opportunities - but the risks need to be understood
Brokers must understand the ramifications of the new working order to support both insurers and end clients
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News AnalysisHow is the industry faring ahead of the FCA’s Consumer Duty implementation?
Insurance DataLab provides exclusive analysis of the Financial Ombudsman Service’s most recent complaints data to see how prepared the industry is for the FCA’s Consumer Duty this July
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News AnalysisCannabis: A growing insurance problem
Tenants using residential rental properties ‘for the harvest of drug crops’ are ‘the biggest threat to private landlords’ – brokers and insurers must have this risk on their radar to combat rising claims
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News AnalysisIn Focus: How can the insurance sector mitigate increasing HNW subsidence claims?
Industry experts weigh in on the causes why high net worth subsidence claims are rising and discuss how best to respond to this risk
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News AnalysisInsurers make brokers’ ‘life hell’ when dealing with professional indemnity claims
Improving broker and insurer relationships in the PI market include ‘getting back to the basics’ and investing in internal claims teams, rather than insurers ‘just hiding behind the broker’
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News AnalysisBriefing: Cost of living crisis causing spike in accidental damage claims
The propensity for homeowners to submit accidental damage claims has increased as household budgets have been squeezed – but the industry must be alive to opportunistic fraud risks
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News AnalysisIs flexible working right for brokers?
Insurance Times speaks to two broker chief executives to hear the arguments for both returning to the office and maintaining continued flexible working
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News AnalysisIn Focus: Is high net worth cover ‘too generous’ for clients?
Broker leader reveals potential ‘recipe for disaster’ from having ‘underpriced’ premiums and ‘too good’ cover in the HNW market
