SME
Updated: SME specialist Coverly becomes latest UK insurtech casualty as it closes
SME insurance specialist insurtech Coverly closed for new business on Friday 17 July, Post can reveal.
Insurers haul brokers into FCA BI case again
A joint skeleton argument attacks the FCA’s stance that SME customers are not sophisticated insurance buyers because they used brokers and slams Contra Proferentem as “restrictive” and “out of step”.
Arch tells policyholders BI payments could be 'reduced to zero' if they wait for court judgment
Arch policyholders whose business interruption claims were confirmed to be covered by the insurer have been told that their payments could be “reduced to zero” depending on the outcome of the Financial Conduct Authority's test case.
Q&A: David Martin, Zurich
Zurich’s head of retail management David Martin spoke about joining the provider after 18 years with Allianz, pushing a digital strategy, leadership and management during the Covid-19 crisis as well as how he came into insurance.
Action groups hit out at 'absurd' insurer defences in FCA BI case
Insurers have been accused of filibustering in relation to business interruption as firms suffer “devastating losses” following coronavirus lockdown.
RSA walks back on Marsh criticism in FCA's BI test case
As RSA changed its mind on part of its argument that drew criticism from Marsh, the Financial Conduct Authority said insurers were failing to take account of “the true nature of the insurance provided” in its business interruption test case, according to…
Insurance Covid-Cast: Insurtech 100 special – Tencent We Sure CEO Alan Lau
For the 31st episode of Post and Insurance Age’s video series we returned once more to the Insurtech 100 compiled by Sonr Global to spotlight the number two ranked start-up We Sure.
GRP expands into healthcare with first buy after Searchlight takeover
Global Risk Partners has bought Premier Choice Healthcare to become its healthcare hub as it moves into the sector.
Blog: Is coronavirus the catalyst insurers need to shake up how they treat SMEs?
A survey for the US National Federation of Independent Businesses showed that 76% of small businesses rate the impact of Covid-19 as profound. Sabine VanderLinden, co-founder and managing partner of the Alchemy Crew, explains why SMEs could be some of…
Lloyd's working on non-damage BI cover for SMEs
Lloyd’s is working on non-damage business interruption cover for SMEs as part of recovery efforts to fast-track global economic and societal recovery from the “far-reaching” impacts of Covid-19.
Analysis: Unpacking the Ardonagh deal
Broker Network members have given a resounding shrug of indifference to the news that after four years away the network is set to return to Ardonagh’s ownership as it buys up Bravo Group.
Hiscox Action Group seeks 'limited' role in FCA BI test case
The Hiscox Action Group is seeking a “limited” role alongside the Financial Conduct Authority in the business interruption test case slated to be heard by the High Court in July.
Hiscox denies it 'refused' arbitration with £47m BI claim action group
Hiscox has denied that it 'refused' to participate in expedited arbitration proceedings launched by a group of businesses challenging the rejection of lockdown-related business interruption claims.
Analysis: The wordings under the magnifying glass in the FCA's BI test case
As preparations continue for a July test case to determine whether business interruption policies cover coronavirus lockdown losses, Post delves into the “representative sample” of wordings on which the court will be adjudicating.
Blog: Learning lessons from Covid-19
The Covid-19 crisis is unprecedented in the modern era and it is at such times that we tend to take stock and think differently about the world. Alex Kirykowicz, manager at Frontier Economics, reflects on the role that insurance markets have played and…
Malcolm Harvey's Qlaims unveils flooding parametric partnership
Qlaims has teamed up with Mason Owen Financial Services and parametric insurance specialist Floodflash in the first use of its claims service for a project management rather than advocacy solution.
Liiba chief calls for greater role for brokers in provision of SME BI cover
Christopher Croft, CEO of the London and International Insurance Brokers’ Association has called for brokers to play a more active role in the sale of business interruption insurance to small and medium businesses.
Digital Risks appoints Stewart Duncan as chief data officer
Insurtech start-up Digital Risks has recruited Stewart Duncan as chief data officer joining from insurance platform Wrisk.
Insurers' intent with regards pandemics 'not relevant or admissible', FCA will argue in High Court test case
Insurers’ contentions that wordings in business interruption policies are not designed to and do not provide cover in the event of pandemics will be disputed by the Financial Conduct Authority when it brings a test case before the High Court next month.
Insurance Covid-Cast: Insurtech 100 special – Distribution focus 2 with Next Insurance's Sofya Pogreb and Trov's Ian Sweeney
In the 24th episode of Post and Insurance Age’s video series we gathered together two start-ups featured in the Insurtech 100, both of which have pivoted from business-to-consumer distribution, to B2B2C.
Insurance Covid-Cast: Insurtech 100 special – 'Distribution Focus' with Hokodo, Kasko and Wrisk
In the 23rd episode of Post and Insurance Age’s video series we gathered together a trio of start-ups featured in the Insurtech 100, all of which are focused on the distribution of products through the business-to-business-to-consumer channel.
Blog: Covid-19 - why the insurance industry needs to act as one voice
The 1998 romantic comedy, Sliding Doors, starring Gwyneth Paltrow alternates between between two storylines, depending on whether or not she catches a train. It is essentially a ‘what if’ tale, like much of our lives at the present time, writes Ashwin…
HAG issues £52m claim against Hiscox as its lawyers draw up dentists' claim against QBE
The Hiscox Action Group has issued a £52m claim against Hiscox for unpaid business interruption claims related to losses incurred during the coronavirus lockdown.
Insurance Covid-Cast: Insurtech 100 special – 'AI/Data Analytics' with Concirrus’ Andrew Yeoman and Cytora’s Richard Hartley
In the 21st episode of Post and Insurance Age’s video series we gathered together a duo of start-ups featured in the Insurtech 100, both of which are focused on using artificial intelligence/data to make insurance companies more efficient.