The FCA’s Matt Brewis discusses product value, business interruption insurance and the test case, challenges around PI and why the time is right to focus on cyber insurance.
The economic secretary to the Treasury tackled insurance premium tax, broker Financial Services Compensation Scheme levies, cladding, Brexit and more in his keynote address to the British Insurance Brokers’ Association’s 2021 conference yesterday.
FCA figures show interim payments of £268.2m and final settlements of £433.1m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,912.
Phil Barton attacks scale-led consolidation and warns broking is “in a dangerous place” as an expert panel including Aon’s Julie Page, A-Plan’s Carl Shuker and Atlanta’s Ian Donaldson consider the future in a session chaired by Brokerbility’s, Ashwin…
McGinn discusses exiting certain trades amid a hard market, changing broker wordings after the Supreme Court judgment in the FCA test case and what is next for Allianz in the UK.
The regulator brought the case to provide clarity for policyholders on payment of business interruption claims arising from the pandemic and subsequent lockdown.
The Aviva team highlights key findings from its Risk Insights report and outlines the danger points, from Covid to mental health problems
The UK is tentatively opening up with a concert pilot taking place in Liverpool this weekend. Here CFC's Matt Helm considers how the insurance industry can help event operators to get back up and running.
Keating discusses the business interruption test case and the FCA's £7.5m special levy to recover the costs as he urges brokers, MGAs and insurers to pull together and rebuild trust in the sector.
As pubs, restaurants, and bars re-open with the use of outdoor areas and pavement seating, brokers need to ensure insurers are in the loop or risk disappointment when it comes to a claim warns Tom Hill, executive director at Aqueous Underwriting.
The cover will be available to individuals in 92-lower income countries in case of serious adverse reaction to the jab.
Insurance Age teams up with Applied Systems to bring you a new series looking at the top news stories in the insurance broking world.
The regulator has reissued its consultation paper on fee rates for 2021/22 after the initial document wrongly said that MGAs were expected to contribute.
As demand for flexible on-demand insurance products is accelerated by Covid-19, Insurance Age investigates what the challenges and opportunities are for brokers.
A number of planned events, such as the festival Boomtown, have already been cancelled due to lack of cover as pressure mounts on the government to step in.
The fee relates to legal costs following the BI test case and is part of a raft of proposed changes relating to fees and levies ahead of publication of the watchdog's budget for 2021/22.
The professional body also saw a drop in membership numbers during the year.
The pandemic along with pricing action needed to meet the FCA's crackdown on dual pricing is expected to cause continued uncertainty in the motor market, according to Confused/Willis Towers Watson.
Aviva's interim managing director of commercial insurance, Nick Major, discusses three of the top ten risks facing UK businesses as outlined on Aviva's Risk Insights Report: business and supply chain interruption and loss of reputation and brand value.
The insurer’s 24/7 telephone service can provide guidance on any business-related legal matter, from employment law to debt recovery and property disputes, as well as advice on Covid-19 related legislation.
Aviva's interim managing director of commercial insurance, Nick Major explains how cyber attacks are becoming more prevalent and how the insurance industry can protect businesses against these new risks.
Aviva's UK wellbeing lead, Debbie Bullock, explains how remote working has brought employees' wellbeing to the forefront and why creating a positive workplace culture is key to improving wellbeing and business performance.
Updated figures show providers have made interim payments of £247.7m and final settlements of £352.1m since the Supreme Court verdict, but 12,217 policyholders are still waiting to hear whether their policies provide cover or not.
CEO John Neal discusses Covid-19 related claims, the continuation of Lloyd's decile ten strategy and the future of the underwriting room.