Business interruption
Covid-19: Insurers will need to "carefully consider" BI position, says Oliver Wyman
The management consulting firm warns of a coming trade-off between maintaining the economic integrity of the business and maintaining customer trust, as it outlines how European insurers can manage the impact of coronavirus.
Blog: Pandemic - what is covered?
Biba's executive director, Graeme Trudgill, addresses the big question around business interruption and Covid-19.
Business Secretary states most firms have “not purchased” Covid-19 cover
John Glen said the government is in continual dialogue with insurance sector as he restates companies without the right cover will require support from elsewhere.
Covid-19: Industry "getting hammered" over business interruption, says Biba
Brokers hit back over business interruption following criticism of the entire insurance industry as some call for government assistance in getting the message across.
Blog: The implications of Covid-19 for brokers
Marcus Campbell and Graham Briggs of DAC Beachcroft discuss what brokers need to know to best protect their clients as the Covid-19 pandemic continues.
Covid-19: ABI pledges to address questions raised by Treasury Select Committee
Last week, the Committee wrote to ABI director general Huw Evans requesting insurer data in relation to the coronavirus crisis.
Christian Wakeford MP wants high street brokers to thrive
The former insurance broker chats to Insurance Age about his first few months in Parliament, what he learned from working in the insurance sector and how he is dealing with the coronavirus crisis.
The Insurance Age Podcast: 27 March 2020
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.
Blog: Open or closed - the branch dilemma facing brokers
As the first working week of self-isolation comes to a close for many, Insurance Age content director Jonathan Swift looks at the stance brokers are taking in terms shutting up shop or keeping their branches open.
Covid-19: Lloyd's outlines coronavirus impact and response
CEO John Neal urges the industry to "put a lot more effort" into explaining products to clients.
Covid-19: How are brokers keeping in touch through the crisis?
Brokers say they are sharing experiences with each other to "protect the broking profession" as they explore new ways of working from home and reveal their favourite platforms to stay connected.
Covid-19: Nicola Sturgeon calls on insurers to "play their part"
The Scottish First Minister says insurers need to "step up to the plate" and help small businesses.
Covid-19: ABI clarifies position on business insurance
The insurance industry has faced a customer backlash as most commercial policies do not cover for business interruption caused by pandemic.
Finance adviser suspends broker fees
Integritas has stopped fees for insurance brokers until 15 April amid the coronavirus outbreak and says it will help them access the government BI loan scheme.
Covid-19: Mactavish calls on government to help insurers through crisis
Consultancy warns coronavirus impact on insurers will lead to dramatically rising premiums and exits from business classes as it urges the government to look at a range of measures including temporarily suspending IPT.
Covid-19: Government addresses nation on pandemic BI cover
Government says insurers will cover pandemic but ABI insists this changes very little as most do not have this type of cover.
Covid-19: ABI admits few will be covered for BI
The government advised leisure businesses to close voluntarily prompting a public backlash that firms won’t be able to claim for business interruption as it isn’t a closure order.
The Blog Spot: Navigating these strange times
We’re already seeing travel cover suspended and confirmation BI isn’t covered for Covid-19. What might this mean for the future of insurance and trust in the sector?
Covid-19: Brokers ban meetings and push remote working
Updated: The largest brokers in the UK revealed measures in place to protect staff and customers from coronavirus.
Axa confirms position on coronavirus business interruption coverage
Updated: The provider won’t cover for Covid-19 unless it is specifically named in the terms as other insurers including RSA, Allianz, NIG and Ageas respond to the crisis.
C-Quence's P&C launch backed by NIG
Exclusive: The MGA will launch its P&C product suite in early March, aiming to eventually target 21 industry sectors.
Hiscox adds extensions to technology cover
Provider now covers intellectual property infringement and pre-claims assistance, as well as unlimited business interruption for firms up to £2m.
CFC unveils cyber risk heat map
Map ranks the severity of different industries’ exposures to business interruption, privacy, and cybercrime and includes a few examples of how these exposures can play out for various types of organisations.
Allianz launches mid-market cyber offering
Cyber Select offers breach prevention and management to businesses with turnover up to £350m.