Personal Lines related articles – Page 72
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News Analysis
L&G acquisition offers ‘really good opportunities for future growth’ says LV=GI boss
Plus, the FCA’s proposed changes around pricing will mark ‘a significant change event’ for personal lines insurers says LV=GI chief executive
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ABI members predicted to pay £2.5bn for Covid-19 claims incurred in 2020
The ABI’s director general believes the industry needs ‘to learn lessons from this unprecedented event’
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Allianz Insurance sees 5.6% drop in GWP due to Covid-19 impact
The insurer says the total impact of coronavirus-related business interruption claims is £175m, net of reinsurance
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Motor insurance premiums predicted to fall by up to 10% in 2021 – PWC
Home insurance premiums are also expected to decrease by 4% to 8%, says the professional services firm
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Rock Insurance Group reveals new underwriting agency
The underwriting agency looks forward to building successful broker partnerships
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News Analysis
Covid-driven digital shift opens door of opportunity for new brokers
The Covid-19 pandemic has fast-tracked the use of digital solutions in broking. Insurance Times explores how digital shifts during the pandemic has opened up the market for new broker opportunities
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PIB Group-owned Cobra Network ranks Aviva as insurer partner of the year
Cobra Network Underwriting Agencies and Zurich are also recognised within the network’s annual member survey results
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Accidental damage accounts for 48% of all new claims – LV= General Insurance
The insurer links this claim trend to the increase in home working and schooling, with drinks being spilled on technology such as laptops
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Building Safety Register reveals new manifesto
The Building Safety Register’s co-founder hopes the manifesto will provoke wider discussion over the implications of building safety for the insurance market, as well as highlight risk management measures
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Fraudster to be sentenced at Crown Court for failing to disclose information to broker
The 49-year-old man has been charged with ‘dishonestly failing to disclose information to make a gain for himself’
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Irish policyholders aged over 70 experience ‘inflated premiums’ for motor insurance
Insurance broker reveals ‘staggering price differentials’ for individuals aged over 70 in Ireland
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Nearly half of bike insurance claims in 2020 were for theft – Bikmo
The average claim amount last year for bike insurance was £1,293 says specialist cycling insurer
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News Analysis
Amazon’s Ring incidences expose cyber insurance inconsistencies and new IoT risks
Insurance Times explores the emerging risks from Internet of Things’ devices, as well as how it could be an opportunity for brokers and insurers
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‘Feedback not reflective of broker dialogue’ after another disappointing Five Star result – RSA
The insurer said it would welcome a higher rating in Insurance Times’s Five Star Rating Report – Personal Lines 2020/2021, as this is not reflective of its broker dialogue
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Visually and mobility impaired pedestrians are ‘most vulnerable’ in e-scooter incidents – Weightmans
A panel of insurance industry experts discuss the safety criteria around e-scooters and vulnerable road users, as well as the use of data from the ongoing government trials
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Manifesto 2021: Biba to explore basic insurance requirements for e-scooters
The trade body sees Brexit as a opportunity to undo the Vnuk ruling too
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Revealed: Two insurers top Insurance Times’s personal lines survey with five stars each
The results for this year’s personal lines five star ratings are in - two insurers have trumped the competition to achieve five stars each, but can you guess who they are?
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Motor injury claims fall by 23% year-on-year due to Covid-19
Overall, claims fell by 47% last year across motor, employers’ liability, public liability and clinical negligence claims
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Broadway Insurance Brokers’s new director of business development set to ‘supercharge’ expansion
He has more than 40 years of experience and is one of the North West’s most respected bankers
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E-scooter insurance demands from local authorities are ‘very different’
Local authorities have very different capabilities when dealing with the procurement of e-scooters and insurance demands also vary