United Kingdom (UK)
RSA opts against appeal on Marsh wording in BI test case
RSA’s appeal of the High Court business interruption test case ruling only covers two policies, court documents have revealed, and does not include the Marsh/Jelf resilience (RSA4) wording shared by multiple insurers.
Analysis: An insurance fraud epidemic?
The predicted coronavirus-related economic hit is being compared to the 2008 recession, with financial pressure a driver of insurance fraud.
Blog: How the insurance industry can boost customer engagement
Customer engagement has never been so important in insurance, argues Jasvinder Gakhal, managing director, Direct Line – Business.
Crêperie's High Court BI case against Allianz thrown out by judge
Deputy Judge of the High Court Richard Salter QC has ruled in favour of Allianz in a business interruption and property damage legal dispute decision which he accepted may be “of consequence for other potential claimants” and “something of a footnote” to…
BI calculation confusion leaving policyholders with cover shortfall
Around 44% of policyholders could find themselves with a shortfall in business interruption coverage due to a misunderstanding over gross profit.
Fully Comp episode 3: Will parametrics live up to the hype - and could it ever enter the insurance mainstream?
Welcome to the third episode of Fully Comp, Insurance Post’s new regular video series tackling some of the biggest issues in insurance.
Zurich’s Anita Fernqvist on embedding sustainability in organisational transformation
Anita Fernqvist, chief data officer and director of operations at Zurich UK, argues that advances in and adoption of new technology means reskilling for the future is more important than ever and looks at the opportunities and challenges for insurers.
ERS to enter specialist commercial as CEO Ian Parker steps down
ERS confirmed CEO Ian Parker will step down after seven years, as the motor-focused insurer revealed it is entering specialist commercial insurance.
Have your say: How well are trade bodies and professional associations performing for you?
The coronavirus pandemic has upended how we go about our day to day lives, with organisations forced to rapidly change how they operate while facing new challenges. Against this backdrop, Post wants to find out how your trade bodies and professional…
Analysis: Lockdown legionella threat a public health and liability concern
Specialists across the insurance industry have voiced their concerns about the potential for a build-up of legionella bacteria in buildings left empty over lockdown.
Colin O’Farrell to retire from QBE after 34 years
Colin O’Farrell, chief underwriting officer of insurance for QBE International, will be retiring from the business at the end of this year with deputy CUO Nick Hankin stepping up as interim CUO on 1 January, the provider has announced.
Blog: Scotland's 'local lockdowns' raise further questions for BI claims
Local lockdowns raise new questions about business interruption claims, particularly for the sector most affected by the latest measures: the hospitality industry. Forum of Insurance Lawyers members Laura McMillan, insurance and risk partner at Brodies,…
Blog: Postcard from the future
The Covid-19 pandemic is dislocating economies around the world. It has also presented a unique test for property and casualty insurers: a surge of losses and a hit to assets, combined with a sudden shift to remote working, writes Clyde & Co partner…
Insurance recruiters face challenges as remote working widens talent base
Recruiters face fresh challenges with swathes of the insurance market now working from home, attendees at Post's Future of Insurance Work event heard.
Axa appoints former Bank of Scotland boss as UK retail CEO
Axa UK has appointed Tara Foley as CEO of Retail, replacing Laurent Matras, with effect on 2 November 2020.
Industry urged to be clear on insurable cyber events or risk its reputation
It is “essential” the industry is clear about what cyber risks it is comfortable in covering and not covering to protect the industry's reputation, the Geneva Association's cyber director has urged.
Rising Star: Victoria Kancheva, Clear Insurance Management
Three months after leaving behind a career in rights of light surveying for a new challenge in insurance broking, Victoria Kancheva was placing million-pound policies at Clear Insurance Management.
Motor Mouth Podcast 17: Tackling road safety with technology
Right at the forefront of the challenge to ensure that Britain’s roads remain safe is technology.
R&Q reveals MGA book growth in 2020
Randall & Quilter grew its managing general agent relationships to 36 by the end of the first half of the year, the firm has revealed.
Employee mental health at top of insurer agendas, conference hears
The Covid-19 pandemic has pushed mental health to the top of insurer agendas as many employees continue to work from home, HDI Global director of distribution Stephanie Odgen has said.
Creativity and innovative thinking the differentiators, says HDI leader McDonald
The insurance industry needs to work collaboratively to promote the benefit of careers in insurance to boost the range of diverse talent and thinkers in organisations, according to Claire McDonald, UK and Ireland managing director at HDI Global.
Effects of climate change bite at UK corporate insurance renewals
British-based corporations are already finding it harder to access insurance coverage because of the effects of climate change, Marsh & McLennan’s director of climate resilience told risk managers on Tuesday.
Ageas sells Tesco Underwriting stake for at least £125m
Tesco Bank will pay Ageas at least £125m for its 50.1% stake in Tesco Underwriting as it confirmed the deal first revealed by Post last year.
Blog: Fine art and specie fraud under Covid-19
Being alive to fraud is one of the cornerstones of investigating insurance claims and this is no different when it involves fine art and specie, writes Criterion fine art and specie claims specialist Sean Ball.