Underinsurance
In Depth: Underinsurance and the value of risk management
Sam Barrett explores the threat of increasing underinsurance amid a cost of living crisis and asks how brokers can help their clients and ensure they are covered to the right level
Lockton warns on hospitality underinsurance
Inflation, scarcity of building materials and labour have affected valuations and businesses should review their cover according to Lockton head of hospitality, Andy Nicholson.
GWP up but profit and COR deteriorate for Allianz Holdings
Allianz Holdings has posted a drop in profit of 42%, from £170m to £99m for the first half of 2022.
Regional brokers spy growth in real estate
The regional real estate market is in rude health, with six in 10 brokers (56%) reporting growth over the past 12 months, and one in six (16%) reporting significant growth, according to Ecclesiastical.
Biba launches underinsurance guide
The British Insurance Brokers’ Association has launched a guide to support brokers in helping their customers avoid the risks associated with being underinsured.
Aviva and Allianz surveys flag inflation and climate impact issues for SMEs
Inflation has toppled business interruption as the number one concern for small businesses in a survey by Allianz Commercial while separate research by Aviva has found three-quarters of SMEs believe businesses should work on reducing their environmental…
Analysis: The inflation challenge
The ever-increasing rate of inflation in the UK and certainty of more to come has led to warnings of challenges for brokers and insurers alike with issues ranging from difficult conversations on premium rises to underinsurance and the prospect of turning…
Blog: Five themes that could shape the insurance industry in 2022
Peter Davis, head of customer and distribution at Zurich UK, shares his predictions for the year ahead.
Prestige Valuations unveils jewellery pricing tool for brokers
The firm says the software can provide instant valuations for brokers to help them determine whether items are underinsured.
In-depth - SMEs: All change for small businesses
With retailers turning from physical shops to online sales and the hospitality sector focusing on deliveries and outdoor dining, Sam Barrett looks at how insurance needs have changed in the pandemic
Pandemic pushes SMEs to rely on credit to fund business insurance
Three out of four SME bosses who use credit to pay for insurance premiums have said that the impact of COVID-19 is the main reason for increased borrowing, Premium Credit finds.
CII New Generation group warns on customer trust as report highlights barriers
The report said the insurance sector could refocus its efforts towards building trust with its customers, particularly SMEs.
News analysis: Are we heading for an underinsurance crisis?
Difficult conversations on horizon for brokers as SMEs seek to cut costs amid economic uncertainty due to business squeeze from Covid, Brexit and harder market
Insurance Age Digital Edition: March: Technology at hand
The latest issue of Insurance Age is digital only due to the most recent lockdown.
Biba zones in on resilience in 2021 manifesto
Manifesto includes a number of commitments from the broker trade body, covering areas including underinsurance as a result of the pandemic, IPT, cyber insurance and signposting to help customers access insurance.
SMEs cut back on insurance spend amid Covid-19 financial struggles
Research from Premium Credit shows over half of SMEs have stopped paying for covers including employers' liability and professional indemnity as well as business interruption.
Mactavish calls for radical reform of the UK insurance industry
Consultancy says the UK insurance sector is on an “unsustainable trajectory” as it warns of a decline in broking and underwriting skills.
Mactavish warns of underinsurance in commercial property
Consultancy says that cyber elements of commercial property cover are increasingly being removed.
Blog: Broking risks in a hard and complex market
Marcus Campbell and Graham Briggs of DAC Beachcroft explain how brokers can weather the storm of a hardening market.
IUA sets up construction group
Group formed amid ongoing issues with capacity in the construction market.
Digital Fineprint to tackle underinsurance in SMEs with new product
InsurTech Futures: Product will alert brokers and insurers to notable business changes that can impact pricing or risk selection.
Brokers' Brexit worries are growing, says Aviva
But research from the insurer shows that the number of brokers with succession plans in place has doubled since May 2018.
US and UK agree post-Brexit insurance trade deal
But broker warns of the threat of underinsurance if the UK leaves the EU without a withdrawal agreement as businesses stockpile.
Insurance Rage: Allianz's David Martin on underinsurance among SMEs
The insurer's director of SME and corporate partnerships implores brokers to tackle the problem.