infectious-diseases
Analysis: Brokers face PI exclusion dangers
Compliance consultants have highlighted the dangers for brokers of buying professional indemnity insurance with Covid-19 exclusions, warning that the Financial Conduct Authority can suspend permissions if firms do not get the right cover
Motor insurance: Falling claims volumes reignite pricing debate
Claims volumes fell significantly in 2020 as premiums crept down slightly, insurer figures show, leading to intensified campaigner calls for current and future savings to be passed on to motorists.
Spotlight: Apprenticeships - Developing the skills the insurance industry needs for the future with government-backed financial support schemes
Reflecting on the past year of lockdowns, remote working and economic uncertainty; with learning and development budgets cut short for firms across the UK, using the apprenticeship levy to upskill people should be an essential part of any insurance firm…
SME only pandemic cover solution would help those most in need, says Swiss Re public sector boss
When facing the large losses pandemics threaten “we could do more” if a cover solution was limited to SMEs, Ivo Menzinger, Swiss Re managing director for public sector business across Europe, the Middle East and Africa, has said.
Blog: New beginnings for PI claims
As we emerge out of Covid-19 and into the ‘new normal’, claims specialists are speculating what the future of insurance could look like. Peter Hamberger, head of claims – professional risks at Tokio Marine HCC, explains how the past year has impacted…
Policymakers 'fundamentally' mischaracterising pandemic insurance problem, OECD conference hears
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.
Blog: A wrong turn on the road out of lockdown?
The resumption of outdoor sports from 29 March is perhaps surprising given the risk that it creates for the spread of Covid-19, says BLM's partner for occupational disease Simon Morrow.
Court case thwarted BI claims solution that was just two weeks away, says Ardonagh’s Ross
A coalition of brokers working with Hiscox was just two weeks away from solving the problem of Covid-19 business interruption claims but the court case cut the legs off the solution, Ardonagh CEO David Ross has claimed.
Big four reinsurers look to hardening market after Covid bites to the tune of £6.5bn
The big four reinsurers believe they are poised to take advantage of the hard market in 2021, with all but Swiss Re reporting profit in 2020 despite a combined property and casualty pandemic hit of £6.5bn.
Pandemic business interruption risks uninsurable, says Scor's Kessler
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.
Advertising feature: British Insurance Awards 2020 winner Q&A - Sedgwick
The British Insurance Awards saw Sedgwick scoop three awards in the categories - Major Loss, Young Achiever and Digital Innovation. Post caught up with the team at Sedgwick to discuss their experiences when it comes to handling claims, what the awards…
Weddingplan claims being paid following Supreme Court BI ruling
Some claims on wedding insurance policies sold by managing general agent UK General that were initially rejected are now being paid with policyholders also receiving compensation, Post has learned.
Insurer test case BI claims payouts to March revealed
Data released by the Financial Conduct Authority shows that up to 3 March insurers had paid out £192m towards interim payments and £279m to settle Covid-19 related business interruption claims affected by the regulator’s test case, with Covéa leading the…
Insurance lives in the Covid era – 12 months on from the first National Lockdown: Part Five
On the 23 March 2020 as Covid-19 infection rates soared Prime Minster Boris Johnson told us to “stay at home” triggering the first National Lockdown. One year on Post spoke to a host of insurance workers - the loss adjusters, the HR boss and the IT boss …
Intelligence: The impact of making Covid vaccines mandatory
With the roll out of Covid-19 vaccines under way, and firms saying they might require them to be mandatory for their staff, Post investigates what impact this could have on insurance
Insurance lives in the Covid era - 12 months on from the first National Lockdown: Part Four
On the 23 March 2020 as Covid-19 infection rates soared Prime Minster Boris Johnson told us to “stay at home” triggering the first National Lockdown. One year on Post spoke to a host of insurance workers - the insurer boss, the broker boss, the insurer…
Government's understanding of how BI claims are calculated contains 'fundamental flaw'
The government’s understanding of insurance contracts is fundamentally flawed and endangers the chances of its expectations with respect to Covid-related business interruption claims being met, claims dispute expert Roger Flaxman has said.
Insurance lives in the Covid era – 12 months on from the first National Lockdown: Part Three
On the 23 March 2020 as Covid-19 infection rates soared Prime Minster Boris Johnson told us to “stay at home” triggering the first National Lockdown. One year on Post spoke to a host of insurance workers - the contact centre managers and the claims…
Bupa reveals £125m Covid-19 rebate for customers
Bupa has unveiled a £125m package for UK health insurance customers after the Covid-19 disruption to some medical treatments last year.
Briefing: Covid BI claims and indemnity period clawbacks
Businesses due Covid payouts with longer indemnity periods must be aware of clawbacks – and why it is a gamble whether they accept a full and final settlement now or let their cover run.
Insurance lives in the Covid era – 12 months on from the first National Lockdown: Part Two
On the 23rd of March 2020 as Covid-19 infection rates soared Prime Minster Boris Johnson told us to “stay at home” triggering the first National Lockdown. One year on Post spoke to a host of insurance workers about their work and personal experiences of…
BI claims deductions should not leave businesses at 'an overall financial disadvantage', says HMT
Exclusive: Insurers should not make deductions from business interruption claims because insureds received government support during the pandemic if doing so leaves businesses at “an overall financial disadvantage”, the Economic Secretary to the Treasury…
Insurance lives in the Covid era – 12 months on from the first National Lockdown: Part One
On 23 March 2020 – as Covid-19 infection rates soared – Prime Minster Boris Johnson told us to “stay at home”, triggering the first National Lockdown. One year on, Post spoke to a host of insurance workers – the home schooling parent, the mental health…
Mishcon de Reya sees instructions in Covid-19 reinsurance disputes
Law firm Mishcon de Reya, which represented the Hiscox Action Group in the business interruption insurance test case, has revealed it has seen instructions concerning the emergence of disputes in the global reinsurance market.