News Analysis – Page 50
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AnalysisBrokers must not treat risk management as an ‘afterthought’
The ‘increased recognition of risk management’ should be welcomed by brokers, however those with a ‘simply transactional’ mindset may struggle to place risks, especially for SME clients
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AnalysisBriefing: Sector-wide cultural change and ‘radical collaboration’ will drive flood resilience work
Flood Re believes the role of insurance is changing as it urges insurers to offer property repair improvements to combat poor flood resilience
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AnalysisAdmiral’s stock market dip - how serious is it?
The Cardiff-based insurer’s share price plunged by 15% last month as a result of profit concerns
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AnalysisBriefing: Broker service has slipped, but RSA has opportunity to shine
RSA comes bottom again Insurance Times’ Five Star Rating Reports, but it can bounce back
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AnalysisInsurance sector can no longer turn ‘a blind eye’ to property cover commission impact on leaseholders
Industry experts and campaigners feel the FCA is not doing enough to protect leaseholders from opaque commission practices in property insurance
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AnalysisOngoing Russia-Ukraine sanctions create fallout for trade credit insurers
Businesses seeking trade credit insurance may find cover unavailable as insurers decline risks in this market at short notice
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AnalysisBriefing: Russia-Ukraine insured losses deemed ‘manageable’ – but how long for?
Investment bank predicts that conflict losses will be ‘manageable’, yet insurer boss believes flexibility will remain central for keeping abreast of unfolding situation
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AnalysisAre usage-based policies set to disrupt the post-Covid SME insurance market?
Small business owners struggled during the pandemic amid high profile BI litigation, but brokers have also faced correlating service challenges
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AnalysisBriefing: Why property insurance commission is so controversial
The storm over property insurance could lead to full-blown commission disclosure debacle
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AnalysisIn Focus: How can firms start to prepare for the FCA’s incoming Consumer Duty?
With the FCA’s Consumer Duty expected to come into effect from April 2023, industry experts debate how firms can best prepare for the new customer protection regulation
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AnalysisHospitality group BI judgment could signal ‘flood of further cases’ ahead
Insurers could still face ‘potentially significant’ claims exposure around BI policy interpretations, despite intention of test case judgments
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AnalysisIFED sees success combating low level insurance fraud using cease and desist notices
Of 48 notices issues over the first year of employing this strategy, only one fraudster reoffended. Temporary detective chief inspector Tom Hill, head of the City of London Police’s Insurance Fraud Enforcement Department, explains the approach in more detail
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AnalysisCitizens Advice report reawakens underwriting and trust concerns for ethnic minorities
The latest findings from Citizens Advice has highlighted that bias is ‘baked’ into underwriting processes, meaning insurers ’are now on the back foot’
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AnalysisThe Big Question April 2022: How can brokers support low income families to find appropriate and affordable insurance?
Insurance Times asks industry experts how the insurance sector can better support low income families who often see insurance as a luxury
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AnalysisBriefing: Was the MoJ’s part two consultation response worth the bother?
With a five-year gap since the initial reform consultation and the OIC portal still posing functionality problems, has the MoJ taken the easy way out with its no change agenda for part two of the whiplash reforms?
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AnalysisBriefing: What does ESG mean to you?
Taking the lead in ESG is vital for insurers and brokers
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AnalysisInsurance sector rallies around Ukraine
Insurance Times rounds up how the UK insurance industry has responded so far to the ongoing conflict
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AnalysisIs the insurance industry using too much data for underwriting?
The lack of transparency around ‘secret resource’ underwriting data is one of insurance’s ‘greatest flaws,’ says consultancy managing director
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AnalysisBroker M&A hit record levels in 2021 – but how are the consolidators faring?
Exclusively in Insurance Times, insight firm Insurance DataLab unpicks the financials of broking’s three largest consolidators to see how M&A is driving financial performance
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AnalysisBriefing: Insurers increasingly seek to clarify risk appetite for brokers following BI confusion
But, ‘appetite’ can mean different things to different insurers and brokers, meaning that communications need to continue to be clearer than ever
