Fire
Making the world a safer place with customer data
In the final part of this three-part series, Vikas Bhalla, EVP and head of insurance business at EXL, explores how smart data can help raise insurers into being noble and reliable providers.
Blog: The government must adopt reliable building regulations to fix the broken insurance market
With the publication of report on insurance for multi-occupancy buildings earlier this year, Mick Platt, director at Residential Freeholder Association, considers the government failure to adopt reliable building regulations which led to severely broken…
'Off the shelf' products and 'ridiculous' coverage components driving up insurance prices: Aurora's Finn
Aurora, a digital commercial insurance platform for micro, small and medium-sized businesses, has gone live with the launch of its initial offering.
Briefing: Government makes demands to Biba in response to ‘disturbing remuneration’ practices
The Secretary of State for Levelling Up, Housing & Communities, Simon Clarke has demanded ‘immediate changes’, ordering the British Insurance Brokers’ Association to address ‘disturbing’ remuneration practices following a Financial Conduct Authority…
Experts advise FCA to 'tweak their rules urgently' in multi-occupancy reform
Regulation experts say “there is no immediate implementation of anything” in the Financial Conduct Authority’s report on multiple-occupancy buildings and rules could be modified to extend product value assessments.
Gallagher partners with Novidea; Zego teams up with QBE; Markerstudy appoints head of fraud
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
All insurers should offer capacity for cladding-affected risks, says Aviva’s Adam Winslow
Adam Winslow, UK & Ireland general insurance CEO at Aviva, says providing additional market capacity to help leaseholders living in buildings with combustible cladding would be something the industry could feel proud of.
Intelligence: Grenfell - five years on
Five years have passed since 72 victims lost their lives after after a fire ripped through a building featuring unsafe cladding. Rachel Gordon investigates what insurers have learnt from this, how building standards have moved on and if the prospects of…
Insurers prepare for increase in claims related to subsidence as hot weather continues
With the extreme weather yet again bringing temperatures above 30 degrees celsius to the UK, insurers could face subsidence losses of £5 to £10m.
Rehab proving its worth as Grenfell claims continue
Rehabilitation service providers have claimed rehab is "intrinsic to the insurance proposition" as Grenfell claims continue five years on from the disaster.
Marine insurers call on manufacturers to make transportation of EVs safer
The UK’s Maritime and Coastguard Agency has published best practice guidance for the safe carriage and charging of electric vehicles on board ro-ro passenger ferries, however insurers believe it's on EV manufacturers to do more to make the EV’s safer to…
Intelligence: Fanning the flames – what is causing the fires on containerships?
With more than 70 reported fires breaking out on containerships in the past five years, cargo fires are a priority concern for marine industry. Post investigates how these fires are starting, and what is being done to address this issue.
Wildfires in the UK highlight greater need for 'robust' property design, planning and construction
An increase in claims numbers are expected following the wildfires in the UK, but experts urge more preventative measures.
British Insurance Awards 2022: Risk and Resilience Award - Zurich Insurance
Zurich’s smart, scalable solution for the construction and maintenance industry emerged as the winner in this category due to its strong focus on risk prevention and commitment to improving standards
Government-backed PI scheme for fire safety assessors to launch in September
A government-backed professional indemnity scheme for EWS1 assessors is set to launch in September and will last for five years.
Intelligence: Managing the fire risks associated with lithium-ion batteries
With lithium-ion batteries becoming commonplace in everyday life, Post investigates the risks associated with them, and how insurers are incorporate such risks into policy terms.
Blog: electric vehicles spark concerns around fire and safety
As the cost of fuel soars, and with the move towards a greener lifestyle, the popularity of electric cars is exceeding all expectations. However, attention is now turning to their safety, in particular the fire risks that come with e-vehicles, writes Tim…
Briefing: Can’t we all sit down over a nice cup of tea on multi-occupancy insurance?
I once had a dispute with my neighbour over some work we had had done on our boundary line.
Trade Voice: Installing EV charging points on ferries should be resisted, says London Foil
Facilitating electric vehicles being charged at sea presents a risk that the marine insurance market could do without, argues Forum of Insurance Lawyers CEO Laurence Besemer and London Foil marine sector focus team member Captain John Owen.
Aviva in Zego tie-up; Ecclesiastical Insurance Group renamed Benefact; Mosaic to acquire Sirius Point Lloyd's arm; and Sedgwick buys UKA247
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
HSBC extends Marsh deal; Zurich to set up transformation Centre of Excellence; Pool Re completes expanded terrorism placement; and Howden acquires again
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Blog: Don't risk playing with fire over insurance claims
Over recent years, insurance claims for fire-related incidents have grown significantly. James Mountain, sales and marketing director at Fire Shield Systems, explores the factors influencing the rising fire risks and discusses how insurers can strengthen…
Cladding campaigners seize on ABI hashtag to highlight 'extortionate' premiums
Leaseholders that have seen their buildings insurance premiums skyrocket as a result of the cladding crisis took to Twitter on Tuesday to highlight what they regard as extortionate practices on the part of the insurance sector.
Brokers defend record amid insurance probe into 'failing' market for flats and tower blocks
Amid regulatory scrutiny brokers have accepted there are insurance challenges for flats but sought to defend their role when approached by Post.