All Suppliers articles – Page 92
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AnalysisIn Focus: How can firms start to prepare for the FCA’s incoming Consumer Duty?
With the FCA’s Consumer Duty expected to come into effect from April 2023, industry experts debate how firms can best prepare for the new customer protection regulation
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IT InterviewFraser Edmond and Ashwin Mistry: ‘Something needs to change to move the market forward’
After years of frustration at Aviva, Fraser Edmond set up Broker Insights. The firm is now progressing with guns blazing and has recruited industry thought leader Ashwin Mistry. Insurance Times finds out what the duo have planned next
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NewsInsurtech ARMD turns around tool theft claim in eight days
The insurtech uses the Internet of Things (IoT) and embedded insurance technologies to cater for tradespeople
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NewsIs AI the next ‘silent cyber’?
Experts predict that artificial intelligence governance will increase as insurers and reinsurers remain naïve around AI-related risks
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NewsSocial media requires due diligence amid FCA’s Consumer Duty – Davies Group
The firm has made several recommendations on how organisations can adapt existing operating and service models
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AnalysisIFED sees success combating low level insurance fraud using cease and desist notices
Of 48 notices issues over the first year of employing this strategy, only one fraudster reoffended. Temporary detective chief inspector Tom Hill, head of the City of London Police’s Insurance Fraud Enforcement Department, explains the approach in more detail
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NewsUK ransomware attacks rise by 100% in 2021 – RPC
Despite the increase, businesses risk being underinsured until insurers ‘take matters of cyber security seriously’, says cyber and tech head
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AnalysisCitizens Advice report reawakens underwriting and trust concerns for ethnic minorities
The latest findings from Citizens Advice has highlighted that bias is ‘baked’ into underwriting processes, meaning insurers ’are now on the back foot’
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AnalysisThe Big Question April 2022: How can brokers support low income families to find appropriate and affordable insurance?
Insurance Times asks industry experts how the insurance sector can better support low income families who often see insurance as a luxury
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AnalysisBriefing: Was the MoJ’s part two consultation response worth the bother?
With a five-year gap since the initial reform consultation and the OIC portal still posing functionality problems, has the MoJ taken the easy way out with its no change agenda for part two of the whiplash reforms?
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NewsGovernment scraps building safety manager requirement in latest Building Safety Bill shake up
The Secretary of State now has the power to ’impose requirements about new build home warranties’
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NewsBlink Parametric partners with Lloyd’s broker to expand parametric offering
The partnership sees the early roll-out of the insurtech’s flagship parametric solution as well as the expansion of its product pipeline
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AnalysisInsurance sector rallies around Ukraine
Insurance Times rounds up how the UK insurance industry has responded so far to the ongoing conflict
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NewsDo insurance prices differ depending on race?
Insurance Times speaks to industry experts following Citizens Advice revealing a car insurance ‘ethnicity penalty’
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NewsOndo 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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NewsMoJ 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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AnalysisIs the insurance industry using too much data for underwriting?
The lack of transparency around ‘secret resource’ underwriting data is one of insurance’s ‘greatest flaws,’ says consultancy managing director
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NewsAdmiral 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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News‘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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IT InterviewShirley Woolham: ‘Thematic response’ needed by claims sector to ensure OIC portal success
Law firm chief executive acknowledges that despite ‘issue after issue’ and ‘moaning’, the Official Injury Claim portal ‘is not going away’
