Underinsurance
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.
Brokers have "heads in the sand" around succession, says Aviva's Bayles
Research from Aviva shows 9% of brokers are expected to leave the industry in the next year but only 13% of brokers have planned for their retirement.
Allianz rolls out new data initiative targeting underinsurance in SMEs
Provider says new data base notifies brokers if clients are at risk of being significantly underinsured.
MIB reveals first rise in uninsured accident claims for a decade
Organisation saw 10% rise in past 12 months.
AGB Risk Control to tackle underinsurance with BI product
The service assesses sums insured and indemnity period.
Editor's letter - July/August 2017
Underinsurance is a problem the industry has had to revisit time and again, so why hasn’t it been cracked yet?
SME Now and the future: Shining a light on underinsurance
Educating SME clients about the perils of underinsurance and persuading and advising them to take out appropriate levels of cover has never been more important, writes Edward Murray
Opinion: Biba's Steve White on tackling underinsurance
Tackling underinsurance isn’t being made any easier by the recent changes to the Ogden discount rate, explains Steve White
SME now and the future: Educating clients
Telling customers that their premiums are going up can be difficult, especially if you’re trying to explain the intricacies of IPT or the Ogden rate, writes Edward Murray