MS Amlin acquires MGA; Ethos buys 13th hub; insurtech recruits Esure CUO ahead of launch; and PIB bolsters Irish footprint
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Policymakers have mischaracterised the pandemic business interruption problem leading to a solution stalemate, virtual attendees of an Organisation for Economic Co-operation and Development event heard.
Governments and businesses must overcome the “fundamental behavioural challenge” of building spare capacity to bolster resilience to events such as a bioterrorist attacks and future pandemics, Lloyd’s chairman Bruce Carnegie-Brown has said.
Pandemic-related business interruption is “not insurable”, Scor CEO and chair Denis Kessler has said, likening the risk to that of property damage suffered during a war.
In February the Supreme Court ruled that Uber drivers are considered to be workers rather than self-employed, with potentially serious implications for insurance, says Stuart Toal, Allianz casualty account manager, technical.
The UK’s four main mobile networks have all launched a 5G service and by 2022 the whole of the UK is expected to have access. 5G is touted to bring benefits across society – Post investigates what will it mean for insurers and their clients.
The immediate Covid impact could see businesses pushing cyber cover down their list of priorities and brokers need to ensure clients understand how risks interconnect, Aviva's commercial lines interim managing director cautioned as the insurer debuted research.
Professional indemnity insurance may have slipped down the shopping list of some IT and technology companies, but firms that do take out cover are finding the type of policy limits they are used to harder to come by
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We spoke with @AXAUKCEO about the work that they are doing to support those #MentalHealth issues, both within their organisation and outside of it.— Covid-19 Support Fund (@C19SupportFund) April 8, 2021
Watch the full film here to see why @AXAUK was so proud to support the work of @MindCharity and @Rethink_ pic.twitter.com/tkaieGDzgM
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