Covid-19
Public trust in insurance was up before Covid-19 hit
CII survey shows SMEs and consumers valued loyalty over knowing what an insurance policy covered and excluded, as body suggests experiences with claiming for coronavirus-related losses will impact trust in the sector.
Insurance Covid-Cast episode 16: “From feast to famine in ten days” – How the travel insurance sector is dealing with the Coronavirus with no sales
In the latest episode of Post and Insurance Age’s video series we gathered together a group of travel insurance experts to discuss how the travel insurance sector is coping with a “tsunami of claims” and whether it will bounce back post-pandemic.
Axa to pay French Covid-19 BI claims after court ruling – reports
Updated: The insurer will pay out to restaurants following a court decision that it must pay one owner two months worth of coronavirus-related cover.
Market hardening fast-tracked by Covid-19 crisis
Experts say the insurance sector has been “traumatised” by the prospect of unintended coverage for business interruption related to coronavirus.
RSA and Hiscox face new group action in Covid-19 BI legal row
Law firm Edwin Coe is advising two groups of businesses who have had their BI claims rejected by Hiscox and RSA.
Business interruption hit of £200m predicted by Aviva
The insurer said most of its BI policies do not cover impacts arising from Covid-19.
Insurance Covid-Cast episode 15: Has there been a rise in cyber threats and scams during Coronavirus lockdown?
In the latest episode of Post and Insurance Age’s video series we gathered together a group of cyber experts to discuss how hackers and scammers are using Covid-19 to prey on people’s thirst for knowledge and information at this time.
Biba brands Mactavish claims "opportunistic" and "wholeheartedly disputes" them
Trade body says brokers are acting in their customers' best interests and are following FCA rules on remuneration.
Brokers under fresh attack due to “huge conflict of interest” over commission
Report claims brokers receive up to 80% of their remuneration from insurers with Mactavish saying more businesses are “questioning the role their brokers play" as coronavirus crisis "brutally exposes" problems in the market.
Q&A: Open GI group CEO Simon Badley
Almost a year into the role as group CEO of Open GI, Simon Badley sat down with Insurance Age content director Jonathan Swift to talk about how he plans to build on existing foundations to make the software house the technology 'partner of choice' for…
FSCS broker fees £5m lower than predicted
The levy will be £18m falling from the indicated £23m, however, it is still more than the £12m collected last year.
Covid-19: ABI hits back following open letter from pub industry
The sector has united to highlight its disappointment in the insurance industry following the coronavirus pandemic and lockdown.
Aviva joins string of insurers under attack in Covid-19 BI dispute
Law firm Mishcon de Reya names Aviva and QBE and is in discussions with third party funders to fund the litigation on behalf of hospitality sector which it expects to move forward by 10 June.
Opinion: Where is our North Star? Solutions not gestures are what we need now
Brightside's Brendan McCafferty calls for a guiding light for the sector and warns that, if the market fails to get its Covid-19 response right, there could be hell to pay.
Beazley confirms £247m equity raise
Provider completes placement of new shares in order to support organic growth and strengthen its balance sheet to be able to respond to Covid-19 uncertainty.
How are brokers ensuring business continuity amid Covid-19?
James Daly, director of Ravenhall Risk Solutions, tells the Applied Systems team how businesses can protect themselves through the coronavirus outbreak.
Insurance Covid-Cast episode 14: Newsmaker special with Crawford & Company group chief executive Rohit Verma
In the latest Insurance Post and Insurance Age video cast brought to you while our journalists are working from home, we present the latest in a series of newsmaker specials focused on the people behind the lockdown headlines.
Covid-19 Broker Impact Survey
How have brokers been both challenged and supported as the industry gets to grips with adapting to the demands of coronavirus?
Covid-19: Hiscox under fresh attack for back-tracking on BI claim
The Night Time Industries Association says provider has denied claims after previously telling policyholders they would be covered.
Covid-19: Hiscox Action Group primed for £40m legal attack
The group, which is in dispute with Hiscox over business interruption cover, now represents more than 400 members and has the go-ahead to begin legal proceedings.
Covid-19: FCA seeks broker feedback ahead of BI court action
Regulator issues call for more information as it puts together its High Court test case with the aim to resolve uncertainty for businesses making claims.
Covid-19: Industry welcomes government-backed trade credit reinsurance scheme
Biba CEO Steve White says trade body worked with the government, the ABI and the Confederation of British Industry to find a solution after brokers in the trade credit sector said they found it “extremely difficult” to place new business.
Interview: One hundred years of independence
Darwin Clayton CEO Simon Henderson tells Insurance Age about the broker's 100 year long history, plans for its wholesale division, coping with Covid-19 and insists that the business is not for sale.
MGA hopes to win back some business community 'hearts and minds' with free insurance offer
Equipsme reveals new product that offers free private health support between now and August to self-employed business owners.