Professional indemnity (PI)
Blog: Unrated insurers - the risks for UK brokers
Over the years European Union rules on the free movement of capital have had many beneficial effects for the UK economy. However, according to Ashwin Mistry, chairman of Brokerbility, this has also allowed insurers with lower solvency than would be…
Analysis: SME risk management: Loss of appetite
Small and medium-sized enterprises are facing a plethora of challenges. So how are insurers helping this sector?
MGA recovers 55% of money stolen through email conveyancing fraud
A fraud response initiative set up by managing general agent Pen Underwriting has more than halved the amount of money lost in cases of cyber conveyancing fraud since 2017.
Opinion: SMEs: Emerging risks - Tackling the challenges facing SMEs
SMEs may be concerned about keeping a competitive advantage – but it’s the evolving workforce challenges that can have the greatest impact on their success
Tapoly seeks £2m of investment as it sets its sights on global expansion
Exclusive: The founder and CEO of insurtech start-up Tapoly, Janthana Kaenprakhamroy has called out the insurtech investment community for overlooking the potential of female founders, as it raises funds aiming for £2m to grow its product and technology…
Kingsbridge acquires gig economy insurtech Dinghy
Kingsbridge Group has acquired of insurtech company Dinghy, which provides on-demand professional indemnity cover to freelancers and ‘gig’ economy workers.
Stackhouse Poland acquires medical indemnity broker
Stackhouse Poland has continued its acquisition drive into the New Year, acquiring specialist medical indemnity broker, Bespoke Medical Indemnity.
Barbican syndicate takes ‘hard decision’ to withdraw from multiple lines
Barbican’s syndicate will withdraw from property, marine cargo and hull, and professional indemnity insurance.
Analysis: Social media - Insuring influencers
As regulators are spelling out the rules for influencers advertising services and products, insurers and brokers are starting to adapt their policies to these social media personalities making a living out of their online fame.
Analysis: AI's hidden risks
Artificial intelligence will have unexpected consequences, which will raise tricky liability questions and will probably change the nature of claims
Axa sees huge spike in cavity wall installation claims - updated
Cavity wall insulation claims exploded last year, with Axa Insurance alone reporting a dramatic increase in the space of seven months.
Construction industry to assess insurance access post-Grenfell
The Construction Industry Council has launched a survey to assess the impact of the Grenfell fire on insurance cover for the construction sector.
Analysis: Gig economy: The big gig ruling
The Supreme Court ruling in Pimlico Plumbers, granting employment rights to a gig worker, might lead to an increase or a shift in liability claims. But it also opens up a door for new products as gig economy platforms will want to cover their new…
QBE's Cecile Fresneau on why underwriters ask so many questions
Brokers should value the many in-depth questions asked by underwriters, writes Cecile Fresneau, executive director of the UK insurance division at QBE Insurance.
Beazley takes lead on £10m capacity PI consortium
Specialist carrier Beazley has launched a professional indemnity consortium large law firms based in the UK.
Blog: Dreamvar, the continuing nightmare for PI insurers?
Solicitors and their professional indemnity insurers are in effect underwriting the legitimacy of property transactions on a strict liability basis, following a recent court decision analysed by Phil Murrin, partner at DAC Beachcroft.
Brightside claim against former CFO and auditor ‘moving toward resolution’
Exclusive: A legal dispute between Brightside and its former co-founder Paul Chase Gardener was outlined in court on Friday.
Smallest brokers pay five times higher proportion of earnings towards PI than largest firms
As a proportion of revenue, smaller insurance intermediary firms are still paying out far more for professional indemnity insurance than the largest firms, the Financial Conduct Authority’s latest data bulletin shows.
Analysis: Has the industry learned its lesson after the collapse of a third unrated insurer in two years?
After three months of solvent run-off, Danish insurer Alpha finally fell over last month. Its collapse sent shockwaves through the market and prompted black cab drivers to besiege the offices of their London broker.
Industry fears FCA plans could kill professional indemnity market
The insurance watchdog has opened a consultation into proposals which could see a surge in personal indemnity premiums and force some providers out of the market altogether.
Brokers informed: W&I for bricks and mortar
Warranty and indemnity insurance has seen significant growth in the real estate sector over the last few years. And, with the cover offering significant advantages to those involved in real estate deals, many expect it to become a standard part of any…
Insurers could face claims worth millions following British Steel Pensions Scheme transfers
Insurers could face millions of pounds worth of professional indemnity claims arising from negligent financial advice given to those transferring out of the British Steel Pensions Scheme last year.
Emerging Asia fastest growing GI market in 2018
Emerging Asia is set to remain the world’s fastest growing general insurance market in 2018.
Ten insurtech start-ups to watch in 2018 - part one
There does not appear to be any slowdown in the number of insurtech start-ups that are aiming to mark their mark on the insurance sector.