All Insurance articles – Page 24
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Renewal rules require brokers to re-examine proposition and go ‘back to the future’
The motor market is ‘a perfect storm’ ahead of the FCA’s pricing rules coming into effect – brokers will need to focus on ‘agility’ and ‘be service-related’ if they are to succeed post-January
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Insurers set to become ‘lifestyle partners’ for customers in 2022 - Capgemini
Agility and the ability to collaborate will be key to creating successful insurers of the future, according to a new report by technology firm Capgemini, published this month (December 2021).
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Insurers to increase technology spend post-Covid – BlackRock
Nearly two-thirds of insurers are looking to increase their spend on technology over the next two years following accelerated digital transformation driven largely by the Covid-19 pandemic, according to research by investment management firm BlackRock.
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Insurers’ biggest threats are crime, regulation and technology – PWC
Crime, regulation and technology are the three biggest concerns for insurers worldwide, according to new research by professional services firm PricewaterhouseCoopers (PWC).
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What are the most profitable schemes for brokers emerging from the pandemic?
Produced in association with software firm SchemeServe, the Schemes Index provides a snapshot of the most profitable schemes businesses for brokers.
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CO2 crisis could spark fresh demand in supply chain cover
Surging prices of carbon dioxide (CO2) have drawn attention to the lack of suitable insurance policies available to cover business interruption (BI) to companies’ supply chains.
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Insurers face climate challenges from all sides amid fossil fuel dilemma
With less than a month before world leaders head to Glasgow for the 2021 United Nations Climate Change Conference, also known as COP26, the insurance industry remains in the crosshairs of activists who are demanding more from the sector.
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KPMG warns of ‘uneven playing field’ ahead of regulator’s product governance rules
Global network for professional firms, KPMG has warned that there could be an “uneven playing field” in insurance ahead of the introduction of the FCA’s product governance rules on 1 October.
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EU plans 120 billion euro economic boost by easing insurance rules
Britain, which is home to the world’s biggest commercial insurance market and left the EU last December, has also begun reviewing the capital rules - Solvency II. It will scrutinise how changes by Brussels could affect London’s competitiveness.
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Ransomware considerations for a hybrid workplace
There is now a much larger attack surface for cybercriminals to target due to remote and hybrid working practices
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Gibraltar: Light touch regulator or rock steady market of the future?
The Gibraltarian insurance market has long been viewed as a territory with light touch regulation and less strict solvency requirements compared to markets such as the UK and continental Europe.
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Briefing: ‘Radical fresh thinking’ is required to tackle ‘connected’ risks and protection gaps
The Covid-19 pandemic has shone a - sometimes uncomfortable – spotlight on the insurance industry.
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Andrew Yeoman: Internet of Things could fundamentally change how insurance works
Six years ago, it struck Andrew Yeoman that there was an opportunity to give better information to insurers and this is why he made the move into insurance.
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Q2 2021 U.S. commercial insurance prices continued increasing but at a lower pace
Commercial Lines Insurance Pricing Survey 2021 Q2
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Briefing: Will ADS safety rating put brakes on government’s automated driving push?
Industry commentators still have questions around the safety of technology such as ALKS, however the UK government is eager to have automated driving on Britain’s roads this year
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Insurers must attract talent from outside the industry
Sector must work harder to engage talent with a focus on ‘future gazing’ and a more digitised era
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COVID prompts supply chain ‘overhaul’
Automotive industry has taken the strongest hit as a result of production stoppages and trade restrictions - EIU
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Chinese insurers endure costliest-ever nat cat
The total economic cost of flooding in China in July has been estimated at nearly $25 billion - Impact Forecasting
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Future proofing airports
There are clear risks and opportunities as airports repurpose for a post-COVID world
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Haiti earthquake caused $250mn of insured losses, says KCC
However, with insurable, or economic, losses estimated at around $1.7 billion, only around 14.7% of the overall cost of the quake will be covered by insurance, KCC says, highlighting the extent of the protection gap in the country.