All Insurance articles – Page 25
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The Big Question September 2021: How can the insurance industry best marry technology and a human touch?
Automation in the insurance sector is booming as many businesses continue to invest in digitalisation. Insurance Times asks how the industry can effectively combine technology and a human touch
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Flood exposures up by 24% since 2000
Population at risk of extreme flood is ten times higher than previously thought, finds WRN partner Cloud to Street
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Reuters: Western German floods could prove pricey for insurers
German insurance industry association GDV plans to give its first estimate of the damage next week.
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Insurers must meet buyers’ changing needs
Only 54% of insurance buyers say their cover is addressing their business challenges very well, finds Beazley
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$19 billion exposed at South Africa ports
Political unrest in the aftermath of Jacob Zuma’s sentencing has spread to Durban and Richard Bays Terminal - Russell Group
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Is the ‘harsh market’ starting to ease?
At mid-year, pricing for most classes of business was back to technical levels - but cyber remains an outlier
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COVID-19 forced firms to ‘cut corners’
Under mounting pressure to increase revenue and profits, with just 40% of European organisations carrying out adequate due diligence - Refinitiv
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Briefing: Solvency II and GDPR face big shake up amid Tory post-Brexit war cry
MP Iain Duncan Smith leads the charge on radical post-Brexit insurance plans
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Government confirms Solvency II reform to provide ‘more proportionate and flexible’ regulation
HM Treasury has published its response to the call for evidence around the review of Solvency II regulations – based on written feedback from 64 firms, it believes “many aspects of Solvency II are overly rigid and rules-based” and that the regime needs to be “more proportionate and flexible so ...
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Briefing: Fair value ‘fault line’ underpins FCA’s GI pricing proposals
The FCA may have ‘unleashed the concept’ around fair value, but now firms have to interpret this and embed it within their business practices, which isn’t an overnight job
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South China port disruption could last months
Delays in Guangzhou, Yantian, Shenzhen, Shekou and Nansha are being compared to the Suez blockage
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Briefing: Time is running out for summer festivals seeking Covid inclusive event cancellation cover
A new report by the Public Accounts Committee recognises that festivals are facing a ‘survival threat’ without adequate insurance for Covid-linked event cancellation
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Russell Corbould-Warren: The ex-Uber boss reinventing insurance for independent workers
After witnessing first-hand, the life changing impact of insurance for independent workers at taxi ride-sharing giant Uber having reinvented insurance once there, Russell Corbould-Warren moved to insurtech, Collective Benefits (Collective) to do it all again.
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Insurance sector could fork out up to $3bn for Tokyo Olympics cancellation
The insurance sector could pay out between $2 to $3m for the cancellation of the impending Tokyo Olympic Games to begin 23 July, according to an analysis from Bloomberg Intelligence.
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FCA publishes policy statement confirming price walking remedies
Law firm partner says the new rules to tackle price walking give the ‘FCA teeth to enforce the requirements against those companies who have been less willing to change’
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Social engineering: Sophisticated and underinsured
Social engineering attacks are on the rise, but losses can pose a grey area where insurance is concerned
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Insurers are failing to use their influence to fight climate change - ShareAction
Some commentators believe ’the insurance industry is the single most annoying part of this whole climate puzzle’
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Saudi insurance sector eyes more mergers and acquisitions
Analysts said the Saudi insurance market is set to witness consolidation with mergers and acquisitions (M&A) gaining pace during 2021.
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Just 4.5% of Asia cat losses insured in 2020
Economic losses due to natural catastrophes in the region reached $67 billion last year, indicating a huge gap and growth opportunity for re/insurers
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