Our expert panel warns that brokers with EU trade who haven't acted already may have left it too late.
Experts say the insurance sector has been “traumatised” by the prospect of unintended coverage for business interruption related to coronavirus.
Trade body says brokers are acting in their customers' best interests and are following FCA rules on remuneration.
There is no provision for equivalence in the IDD and this means brokers with EU clients need to set up EU entities to trade in the bloc.
How have brokers been both challenged and supported as the industry gets to grips with adapting to the demands of coronavirus?
Biba CEO Steve White says trade body worked with the government, the ABI and the Confederation of British Industry to find a solution after brokers in the trade credit sector said they found it “extremely difficult” to place new business.
The solution provides cover for customers who struggle to find travel insurance because of pre-existing medical conditions or age.
Executive director Graeme Trudgill urges sector to look at a long-term solution as he highlights that the industry does not have enough money to cover claims arising from the coronavirus crisis.
Board members serve a maximum term of six years.
Challenging times require lateral thinking: By collaborating the sector can help customers and each other through the pandemic, says Steve White
Experts have warned that business interruption could be “the next PPI for brokers “as FCA seeks legal clarity on BI wordings.
HM Treasury confirmed to Biba that small and medium-sized brokers are eligible for the scheme.
Reports state star chef Raymond Blanc has slammed Hiscox for not paying out after he was forced to close his restaurants and pubs in the wake of the coronavirus outbreak.
Updated: A number of providers have introduced exclusions for Covid-19.
Sector responds to the regulator's Dear CEO letter calling on insurers to pay valid claims quickly.
Trade body said it lobbied the regulator to exclude premium finance arrangements as payment deferrals would have left many brokers at greater risk.
Insurance Covid Cast – episode one: How has the industry’s reputation been impacted by its handling of the coronavirus epidemic?
In the first of a new series of video casts brought to you by Insurance Age and Insurance Post whilst our journalists are in isolation lockdown we discuss the sector’s response to the Covid-19 pandemic and what lasting impact it might have on its…
Insurance Age found that brokers are disappointed by the timing of the 3% rise, as well as anticipating an impact on the bottom line.
Mixed response as brokers mobilise to support clients through the coronavirus crisis as some are forced to furlough staff.
Insurance Age commissioning editor, Laurence Eastham, and news editor, Ida Axling, discuss the top stories of the week.
Biba's executive director, Graeme Trudgill, addresses the big question around business interruption and Covid-19.
Industry experts warn providers are not treating customers fairly as brokers call for clarity on unoccupied properties.
Brokers hit back over business interruption following criticism of the entire insurance industry as some call for government assistance in getting the message across.
Insurance Age editor, Sian Barton, and content director, Jonathan Swift, discuss the top stories this week and talk about their own experience of the coronavirus lockdown.