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Hiscox plots comparison between Sweden and ‘draconian’ UK in BI test case

Coronavirus

Hiscox could look to an analysis of the Covid-19 economic impact on Sweden versus the UK, which its counsel said has faced “draconian” lockdown measures, as a defence in the Financial Conduct Authority’s business interruption test case.

A claims management conference on the test case took place online today. In virtual attendance were representatives from eight insurers, FCA counsel Colin Edelman and Judge Butcher.

Jonathan Gaisman

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Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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