Climate change
Insurers and brokers must develop services to help customers understand risks – Neil Galjaard
A panel at the Association of British Insurers annual conference explained SMEs and mid-corporate businesses need education on risk management, with insurers and brokers playing a key role.
Axa Commercial boss Walker targets turnaround time for brokers
Axa Commercial is two thirds of the way through a technology transformation programme, and Commercial CEO Jon Walker is looking to shorten turnaround times in terms of risk appetite.
RSA claims PI first with product aimed at climate professionals
RSA has today launched a professional indemnity product aimed at climate professionals.
Blog: Sheltering customers from the storm
Caroline Elliott-Grey, senior product manager for the UK and Ireland at LexisNexis Risk Solutions, addresses the changing environmental risks and the opportunities for brokers from geospatial intelligence data.
CFC launches carbon credit loans policy
CFC has launched Carbon Lender Insurance policy deployed with Standard Chartered Bank, claiming a first.
Over half of businesses have no flood action plan
A survey by Previsco has revealed that 54% of public sector and private companies do not have an action plan in place to deal with the increased risk of flooding.
Body cameras improve claims dispute times and pricing – Axa’s Barnett
Body cameras help decrease the length of claims disputes involving brokers according to Dougie Barnett, director of customer risk management and midmarket at Axa UK.
Event insurance – how is the sector evolving to meet the changing risk landscape?
While the event sector has rebounded post-Covid, it still faces a host of challenges. Challenges that offer brokers opportunities to help organisers both manage and mitigate risks to soften the blow if they have to cancel or postpone a planned event due…
The stats: Q1 2024 - Commercial combined slows to near halt
The year has started with almost no average premium growth in commercial combined while fleet and property owners have powered ahead, according to the latest statistics from Acturis.
Experts call for vigilance in ever-changing cyber risks landscape
Panellists at the Financial Times Global Insurance Summit yesterday called for more education on and prevention of cyber risks.
Howden to remain private but IPO not ruled out in future
Howden is “very happy” being private at the moment but could be listed at some point in the future, according to CEO and founder David Howden.
Aviva’s Blanc: UK insurance industry needs to start planning for a post-Flood Re world
Amanda Blanc, group CEO at Aviva, claimed the UK must be cautious about what happens in a post-Flood Re world come 2039.
Aviva warns on increase in summer floods
More floods are happening outside of traditional ‘flood season’, with more than a third (35%) of home insurance flood claims occurring between June and August, according to new analysis from Aviva.
Flood Re CEO Andy Bord steps down after seven years
Andy Bord, CEO of Flood Re, will be stepping down at its annual general meeting this July after seven years in the role.
ABI records 3% home premiums rise in Q1
Average home insurance premiums for buildings and contents cover rose by 3% to £375 in the first quarter of this year, pushing the year-on-year rise up to 19%, according to the Association of British Insurers.
Chaucer to enter weather insurance market with parametric BI
Chaucer has revealed plans to enter the weather insurance market, starting with a parametric product to cover non-damage business interruption.
Experts tackle factors driving claims complaints to five-year high
The industry needs to make it clear to consumers why premiums are rising according to specialists at the Association of British Insurers’ annual conference.
The stats: Hard market remains - but for how much longer?
Property and fleet rates remain stubbornly high as shown by the latest Q4 figures from the Acturis Commercial Lines Index, Rachel Gordon reports.
Howden claims “first of its kind” with carbon capture and storage insurance facility launch
Howden has launched a product that it claimed will “unlock vital investment to support the global transition to net zero”.
Aviva CEO Amanda Blanc awarded Damehood in New Years Honours List
The group CEO of Aviva, Amanda Blanc, has been awarded a Damehood in the New Years Honours List.
Review of the Year 2023: Axa’s Sarah Mallaby
Sarah Mallaby, Axa commercial distribution and trading director, reflects on the insurer’s cautious exploration of the opportunities afforded by AI and pushing the boundaries in ‘green’ schemes business.