Personall Lines – Page 54
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NewsMarshmallow Financial Services accused of stealing ‘trade secrets’
In an ongoing court case, the insurtech has been accused of profiting from a joint business agreement by tapping into ‘trade secrets’
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NewsInsurers refuse four-by-four car cover as thefts double over decade – Broadway Insurance Brokers
Misunderstanding policy wordings can also create extra expense for policyholders if their claims are refused
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NewsSaga seeks transformation with strategic turnaround plan
Group chief executive believes the plan will boost growth for the business, while driving sustainable returns for its investors
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NewsRAC Insurance establishes in-house insurance intermediary
The move ‘represents a material shift in our insurance strategy’ says RAC Insurance boss
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NewsNFU Mutual predicts motor claims surge as lockdown eases
The insurer’s prediction follows last year’s claims trends, where drivers flooded back to the roads after lockdown restrictions eased
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NewsTaurus Insurance extends underwriting agreement with ERGO
ERGO’s head of commercial says the partnership has ‘great potential’
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NewsPIB Group buys family-run Irish retail broker to continue European expansion
The new acquisition is ’an obvious starting point to help us make a mark on the Irish retail market’, says chief executive
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NewsTowergate strengthens Swansea footprint with new acquisition
The broker’s area director says the acquisition ’marks an exciting opportunity to strengthen our existing taxi specialism’
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NewsBought by Many makes US debut
The insurtech has made its debut in the US following its success in Sweden under the brand name ‘Many Pets’
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NewsSedgwick partners with John Lewis for home insurance claims solution
The online claims service portal will speed up processing, improve customer service, and reduce claims life cycles
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NewsCovid-19 pandemic sees opportunistic fraud increase
At Insurance Time’s first Fraud Charter roundtable of the year, held virtually, delegates pointed out that opportunistic fraud has risen, for example via scams such as door knocking
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NewsZego becomes ‘first insurtech unicorn’ after raising $150m
The insurtech will use its latest funding to fast-track growth in commercial motor
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NewsAverage home insurance premiums drop 1.2% despite accidental claims uptick
But London remains the most expensive region for home insurance
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NewsDirect Line Group gunning to be the ‘insurance company of the future’
In a live video stream this morning with journalists, Direct Line Group’s chief executive Penny James said the insurer hopes to support customers across their entire insurance lifecycle via a fully digital ecosystem
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News AnalysisAdmiral Group expects to be ‘less impacted’ by FCA’s fair pricing reform
The company’s chief financial officer further identified price comparison websites (PCWs) as an ‘important distribution channel for us’, while new group chief executive Milena Mondini de Focatiis celebrated the insurer’s premium refund initiative, describing it as ‘a bit unique in the market’
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NewsAdmiral Group improves profit before tax by 20% in 2020
The past year acted as a ‘litmus test’ for the business, said group chief executive, allowing the insurer to demonstrate ‘strong operational resilience and agility’
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News AnalysisBI test case was ‘a difficult moment during the year for RSA’ says UK boss
The insurer’s chief executive for UK and international business admitted that ‘there’s work to be done in 2021’ around business interruption coverage and reputational repair
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NewsNew digital broker looks to wrap up lifestyle niche
The technology driven business plans to fill ‘a significant gap in personal lines etrading’ says founder
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NewsAllianz could gain a competitive advantage via insurtech partner’s instant claims strategy
GlobalData believes that targeting immediate claims payouts is a ’good strategy’ from Allianz
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NewsWhiplash reform regulation to come into force from 31 May
However, some industry commentators believe ‘we’re still only half-way there on whiplash’ and that ‘none of this actually helps anyone to work out how to set up and process a whiplash claim’
