Personal Lines articles – Page 54
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NewsAround 800 UK accidental damage claims per year are dog-related – Aviva
Home insurance policies usually have exclusions for pet-related damage, including chewing, scratching and fouling
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AnalysisBriefing: Sector collaboration is quicker and more certain solution to tackle spoof ads versus OSB
The insurance industry must work together to collate information and case studies if it is to prevent ad spoofing from ‘legitimising fraud’
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NewsSpecialist cycling insurer reports 8% rise in claims
Over half of payouts were for bikes or kit worth under £500
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NewsYoung renters struggle to afford cover amid financial pressures
UK general insurers therefore have a key role to play in preventing the decline of household penetration rates
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NewsERS premiums and COR hit by Covid-19
Underwriter confident of disciplined underwriting strategy despite results dip
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NewsAviva launches online only car cover that commits to offset customers’ carbon emissions
The proposition has ‘a strong focus on renewability and sustainability’ says UKGI chief executive
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NewsAdmiral’s UK motor book drives up business profit for 2021
The insurer’s financial results have mostly improved since 2020 thanks to its ’sameness in our core values and our approach to our people, customers and products’
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NewsEsure records ‘minimal’ 2021 profit ahead of focusing on digital-centric strategy
Around 80% of the insurer’s profitability is being reinvested back into developing the business
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AnalysisBriefing: FCA shows its ineptitude with buildings insurance
The FCA has been warned on numerous occasions there was an issue, but it failed to act
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AnalysisBrokers have a ‘key role’ following latest Scottish fire safety legislation
Five years on from the Grenfell Tower incident, and fire safety legislation is still being rolled out, the latest measure from the Scottish government, however, places brokers at the forefront of customer education
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NewsFCA’s fair value set to impact new business for insurers – GlobalData
Data and analytics firm believes that there is ‘good evidence’ that FCA’s fair value regulations have affected insurers pricing strategies already
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NewsHome and motor premiums experience ‘stark’ uptick following FCA rule change
Market research firm finds that premiums in these lines of business have experienced the biggest one-month jump in eight years as a result of the FCA eliminating price walking
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NewsTravelers buys Trōv’s technology assets
The insurtech’s founder and chief executive says Travelers is ’the ideal company’ to take its ’technology to the next level’
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AnalysisChanges to the Highway Code set to cause ‘absolute chaos’ for commercial fleet drivers
Brokers will be at the forefront when it comes to educating the public about the changes, while insurers will need to watch out for fraud
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NewsAgeas UK’s 2021 net result rises by 14.6% as new strategy bears fruit
Profit improved in 2021, despite the insurer’s motor book suffering a financial dip
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AnalysisInsurers brace for claims as Storm Eunice batters UK
UK insurers put surge plans in place ahead of Storm Eunice hitting last week, but commentators agree that improved infrastructure resilience is the long-term answer as extreme weather events are on the up
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AnalysisIs postal workers’ pet hate driving dog-related public liability claims?
Following increased pet ownership during the pandemic, pet-centric public liability claims could be on the up – commentators believe fraud in this area is unlikely, despite policyholder feedback
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NewsMarmalade adds Ageas UK to black box insurer panel
While the current economic climate drives up motor insurance demand, the deal aims to ensure ‘more comprehensive and cost effective policies for young drivers insuring their own car’, says chief executive
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AnalysisBriefing: Are medical reports the latest snag in the OIC portal process?
Are medical reports behind the noted uptick in psychological injuries being added to whiplash claims and are firms deliberately delaying issuing claimant medical reports to save costs?
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NewsSynetiq signs green parts contract with personal lines insurer
The ‘significant’ expansion of the firms’ partnership ‘underlines the importance of working together to drive cost savings and reduce emissions’, says chief executive
