All Suppliers articles – Page 98
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News
Manifesto 2022: Biba urges Road Traffic Act amendment post-Brexit
Changing the Road Traffic Act could save UK motor insurance policyholders £50 each
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Motor injury claims reported to government body plummet in 2021 – ACSO
Despite the FCA introducing new pricing rules to protect consumers, the insurance industry reaping £3.3bn in profits is the ‘beneficiary’ from in the drop off in motor claims, says executive director
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Insurtech startup raises £3m to scale insurance fraud platform
The business will also be investing in its people, with plans to double the size of its engineering team
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FCA is ‘an impediment to the effective working of the market’
Biba’s chairman noted that the FCA appears to be implementing ‘regulation for the sake of regulation’, which is ‘affecting competition, productivity and innovation’ within the broking community
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FCA staff to vote on strike action in response to bonus cuts
Trade union alleges that FCA staff outside of London are due to be put on lower pay scales and that abolishing employee bonuses across the workforce will lead to pay cuts of up to 12%
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Manifesto 2022: E-scooters need compulsory public liability insurance
The trade body has also called for e-scooter insurance policies to be exempt from insurance premium tax
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Manifesto 2022: Biba urges UK government to slash IPT to 10% in next Budget
The trade body further believes that IPT relief should be offered for cladding-linked property insurance, telematics-based motor policies and cyber cover
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Biba launches ‘biggest’ manifesto for 2022
The 84-page document, themed around managing risk, contains 52 calls for action from the broker trade body across six detailed chapters
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Insurtech Send Technology Solutions makes US debut via partnership
It is a landmark deal for the insurtech
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Drones, medical malpractice and cyber are top tech risks for 2022 - DAC Beachcroft
Climate change was also cited as a key risk by the law firm
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FCA’s GI pricing reform wreaks havoc for consumers seeking cheaper premiums – GlobalData
The ‘largest threat to insurers’ following the pricing rule change ’is likely to be from pay-per-mile motor insurers’, says insurance analyst
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Analysis
House of Lords debates need for e-scooter safety regulations and compulsory insurance
Speakers in the House of Lords last week debated the safety of e-scooters on UK roads and whether more stringent regulation is needed amid claims that ’the pavements have become a jungle’
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Analysis
IFED ‘cannot afford to take foot off the pedal’ when tackling ghost broking
Temporary detective chief inspector Tom Hill, acting head of the City of London Police’s Insurance Fraud Enforcement Department, reviews 2021’s key insurance fraud trends and identifies what the industry needs to watch for this year
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News
Cocktail bar chain leads formation of BI action group against RSA and QIC Europe
UK restaurant and bar group’s ‘substantial’ claim highlights how hospitality businesses are having ‘to fight tooth and nail to obtain an indemnity’, says company director
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Insurers must prepare to pay interim material costs for cashflow concerned builders
Insurers ‘can expect a much wider range of project costs than normal’, predicts senior surveyor
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News
Brokers must be at the forefront of the fight against climate change – LIIBA
‘Fundamental change in culture at the FCA’ will also be vital to improve the competitiveness of the UK insurance market, says chief executive
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Previsico scoops ex-Charles Taylor group chief exec as chairman
The insurtech feels its new hire is the ‘perfect fit’ for the role
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Tesco Bank confirms executive team following interim appointments
Two senior leaders are also leaving the business
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News
Tractable launches artificial intelligence property solution for extreme weather
With climate change instigating more natural disasters, the insurtech is applying its auto appraisal know-how to property claims
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Steve Symes steps down from the helm at Genasys
Symes’ replacement sees ‘boundless’ opportunities for the business to grow