Personall Lines – Page 41
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Blink Parametric teams up with travel insurtech
The pair share a similar ethos around ’intuitive, simple insurance product design’
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New OIC data could spell ‘significant number of claims’ for insurers
The data also raises ‘additional concerns’, says Carpenters Group director
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Car insurance insurtech raises £1.8m in seed funding
The investment means that the business is ‘well on the way’ regarding its mission ‘to challenge the status quo’ and ‘turn insurance on its head’, says chief executive
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Latest OIC portal data shows claims being made through the system are still ‘very low’
The number of unrepresented claims running through the portal also remain low
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Charlotte Halkett named ManyPets’ new chief underwriting officer
ManyPets recently rebranded while shifting its focus to pet health and wellbeing
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Credit ratings agency retains ‘negative outlook’ on UK’s non-life insurance sector
Factors such as general inflation, increased claims costs and flood risk have contributed to the negative rating
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Climate change has ‘broken the world of risk management’
However, applying an ‘insurance mindset’ to climate-related issues can support the ‘race for resilience’, says government’s climate champion
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Previsico inks Watertight deal to help mitigate insurers’ losses
The insurtech’s chief executive says it is a ‘perfect partnership’
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Bought by Many rebrands to ManyPets
The insurtech’s co-founder and chief executive says the name change shows where the firm’s ’heart is’
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Saga’s retail broking arm reports 3% GWP dip for 2021
Chief executive says Saga’s insurance business delivered a ‘robust performance’ in the last year
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Sabre records small GWP decrease for 2021 amid ‘high levels of claims inflation’
The insurer’s COR also saw a slight raise last year, albeit within its targeted range
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Ondo becomes first insurtech to make IPO in UK following purchase
The escape of water insurtech formerly known as LeakBot aims to lead the revolution towards sustainable risk reduction by scaling up its product globally
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MoJ unveils no change to credit hire and rehab in part two whiplash reform consultation response
The government will work with industry stakeholders to see whether arrangements such as the GTA should become mandatory, however the emphasis is on the ‘industry to keep its own respective houses in order’
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Admiral chooses Nuvalaw and Trust Arbitration to fast track personal injury claims
The new solution can expedite motor claims resolutions from weeks to days and cut costs for insurers
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‘No silver bullet’ for repair supply chain issues
Brexit, Covid-19 and the Russia-Ukraine conflict have combined to create ’utterly unprecedented’ supply chain challenges
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Minster Law to offer brokers claims service that is ‘bothered’ about protecting indemnity spend
Chief executive reveals that law firm is ‘absolutely exploring’ how to support smaller brokers with claims
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MIB and Wipro partnership set to overhaul industry’s data services
The deal will help MIB to better respond to the evolving needs of its customers
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Ireland follows UK with home and motor price walking ban
The new law will come into effect from 1 July 2022 and exclude new customer discounts
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Co-op Insurance and aggregator partner on pet cover
High premiums for pet insurance are putting pet lovers off adopting a furry friend, but Co-op Insurance’s discounted new policy could help
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By Miles enters Italy with pay-by-mile proposition
Italy is the first stop for the insurtech as it gears up to expand into other European territories