Personall Lines – Page 42
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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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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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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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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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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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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
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NewsComparetheMarket names storms as most common weather damage claim
There is a policyholder knowledge gap about the risk of local flooding, the aggregator reports
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NewsHigh Court still to determine damages following Marshmallow and Mulsanne judgment
The judge ruled that ’Marshmallow was conscientiously trying to avoid the use of Mulsanne material’ despite insurer’s trade secret theft claim
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NewsBeazley partners with Lloyd’s Lab alumni on IVF insurance proposition
Beazley believes the product is ’unique’ and will ’change the status quo’
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NewsThingCo expands into Northern Ireland with new broker association deal
The agreement marks the insurtech’s first move into Northern Ireland
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NewsEnd of dual pricing ‘calls time’ on unfair customer treatment – Honcho
The insurtech’s chief executive says the regulation marks a ‘new dawn’ and ’a whole new era across personal lines’
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NewsBGL Insurance adds Arch Re-owned MGA to insurer panel
Following the MGA’s acquisition last year, BGLI’s associate director believes now is the ‘ideal opportunity’ to link up
