coronavirus
The Blog Spot: The Masked Broker
Will you continue to wear a mask after July 19?
Biba reports a 36% turnover slump due to Covid-19
The trade body was forced to cancel its conference last year and make redundancies but said that due to managing funds “cautiously” it was able to return a small surplus.
In-depth - SMEs: The expectation gap
The pandemic has changed the way many businesses percieve insurance, but, as Sam Barrett reports, brokers are ideally placed to help SMEs get the right covers in place going forward
Covid prompts rise in broker demand for digital training
Axa's Ken Wright discusses the challenges brought on by remote working and how brokers can adapt to a digital environment.
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
Thomas Carroll turnover nears £12m
The Welsh broker has reported an overall increase in profits as CEO Rhys Thomas highlights the importance of investing in the company’s team.
Hiscox agrees settlement with business interruption action group
Hiscox and the Hiscox Action Group said the arbitration proceedings have been resolved "to the mutual satisfaction of all parties".
Brokers urged to take action to tackle reputational damage
Panellists at this year's CII Conference discuss the need to build public trust in insurance after the expectation gap between consumers and the industry has widened as a result of the pandemic.
Covid BI claims payments hit £765.8m
FCA figures show interim payments of £289.5m and final settlements of £467.2m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,152.
SMEs increasingly using credit to buy insurance
Research from Premium credit warns that Covid-19 and the increased cost of cover is pushing SMEs to use credit to buy cover as some cut down on insurance spend.
What fraud trends should brokers watch out for?
Insurance Age talks to the LV fraud team about the emerging fraud trends brokers need to be aware of.
RSA boss Egan commits regional broker focus following Intact takeover
Egan says RSA's turnaround phase is over as he discusses what the sale to Intact will mean for the UK and International business.
The Insurance Charities drives action against domestic abuse
Insurance Cares: Following reports of increased domestic violence in lockdown, the charity has updated its domestic abuse toolkit for employers.
Ghost broking remains "significant threat", warns Aviva
Provider says general insurance fraud escalated during the pandemic as it predicts recessionary factors caused by Covid-19 have "created the biggest fraud threat to customers in a generation".
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.
Zurich commits to maintaining regional footprint post pandemic
Zurich states it remains committed to supporting regional brokers and keeping its presence throughout the UK, including in Leeds, in response to speculation that it had closed its office in the city.
Partners& targets £400m in GWP
Following its purchase of Town and Country, CEO Phil Barton tells Insurance Age about the broker's hub strategy, reveals plans for further growth and discusses how the pandemic has highlighted the need for brokers to provide better advice.
Government closes £10bn trade credit scheme and announces market review
The temporary measure was developed to respond to the Covid-19 pandemic as government also announces a review to ensure outcomes are good for consumers.
Covid-19 lockdowns push van premiums down 2% year-on-year
Data from Consumer Intelligence also shows that each time the UK has emerged from lockdown, prices have increased again.
Jackson Lee takes over Biba holiday travel scheme
The trade body previously partnered with DTW Syndicate 1991, which went into run-off at the end of last year, on the scheme.
Biba 2021: The impact of Covid-19 on regulation
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.
Covid BI claims payments hit £701m
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.
Biba 2021: The Future of Broking
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…
Interview: Allianz's Simon McGinn on challenges and opportunities in a hard market
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.