All Suppliers articles – Page 58
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News AnalysisIn Focus: How can the insurance sector mitigate increasing HNW subsidence claims?
Industry experts weigh in on the causes why high net worth subsidence claims are rising and discuss how best to respond to this risk
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NewsNFP snaps up UK-based health and safety consultancy
The broker will now integrate health and safety offerings into its business alongside its current products and services
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NewsBrokers need more transparency and consistency with ESG client data
Greater collaboration on ESG data between reinsurers and brokers is essential to move the industry forward
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NewsFCA’s Consumer Duty provides relief for professional indemnity insurance brokers
The new rules can be used to ensure insurers ‘do not engage in sludge practices such as drawing out the time taken to pay a claim unnecessarily’, says policy and public affairs director
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NewsBrokers key in ‘shaping London market’s destiny’ for 2023
The broker body intends to support the new PPL, which is set to be rolled out in February
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News AnalysisInsurers make brokers’ ‘life hell’ when dealing with professional indemnity claims
Improving broker and insurer relationships in the PI market include ‘getting back to the basics’ and investing in internal claims teams, rather than insurers ‘just hiding behind the broker’
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NewsLondon market must tap young professionals to drive modernisation plans – Liiba
The broker body will be creating a focus group to listen to the ideas of young professionals more closely
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NewsSuperscript enters growing drop-shipping market
By 2027, it is believed that the drop-shipping market is set to be worth £415bn globally
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News AnalysisBriefing: Cost of living crisis causing spike in accidental damage claims
The propensity for homeowners to submit accidental damage claims has increased as household budgets have been squeezed – but the industry must be alive to opportunistic fraud risks
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NewsCost of living crisis causes 43% of insurance customers to cancel policies when seeking to cut cover costs
Head of consumer strategy queries whether the industry is doing enough ‘to be the safety net that newly financially vulnerable customers really need’
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NewsMoJ launches consultation on dual discount rates for personal injury claims
It is essential that this ’does not turn into a cost saving exercise that benefits the balance sheet of compensators’, says executive director
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NewsUnited Nations’ NZIA launches inaugural target-setting protocol
The ‘landmark breakthrough’ aims to ‘serve as a catalyst to set unprecedented and ambitious’ net zero targets, says group chair
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NewsCII names new chairs for its broking and claims societies
New chair appointments are made on a biennial basis
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News AnalysisInsurers brace for employers’ liability claims as Covid and flu ‘twindemic’ ramps up
However, some market commentators believe this dynamic is an opportunity for innovation
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NewsRansomware and cyber war wording innovation named in 2023 tech predictions – DAC Beachcroft
Cyber war endorsements could invite innovation, says the law firm
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NewsInsurers’ capital outlook darkened by increasing climate risk – GlobalData
Extreme weather events have already caused UK insurers to lose around £1.5bn, says senior insurance analyst
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NewsFraud experts warn of worrying rise in physiotherapist-driven ‘prognosis creep’ on OIC portal
The time needed for claimants to provide medical reports has increased in some cases, raising the risk of fraud
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NewsInsurance sector employers have ‘legal duty’ to provide safe workplace as Covid and flu surge
Employers must take steps to keep employees safe, says law firm partner
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NewsOpportunity for legacy firms to ‘up their game’ as consumers seek stability – Solaris
Embedded insurance is one way to meet this demand, although it comes with challenges
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NewsRecession and cost of living crisis triggers ‘pandemic of fraud’ – Weightmans
Both financially vulnerable customers and organised criminals are behind the increase, says the firm
