SME
Government to tackle late claim payments in Enterprise Bill
The government is clamping down on late payment of insurance claims with its proposed Enterprise Bill by introducing a contractual requirement on insurers to pay claims to businesses within a reasonable time.
Expertise From A-Z: SMEs - Better use of data
There are huge amounts of data out there and it is now much easier for brokers to use and place business online – if only they were more aware of this
Expertise From A-Z: SMEs - Protecting SMEs
A Financial Conduct Authority thematic review found SMEs were being let down by claims handlers. What can the industry do to improve?
Claims Club: FCA considering 'best practice' plea from insurers on SME cases
A senior regulator has conceded that in order for the Financial Conduct Authority to differentiate itself from its predecessor it might need to listen to insurance companies' pleas to issue ‘best advice’ on dealing with SME claims.
Hiscox report finds one in five small businesses are not insured
One in five small business owners and managers do not have any insurance, according to a survey carried out across six countries by Hiscox.
RDG to bolster commercial and SME presence following Astle hire
Ageas’ head of broker development James Astle is to join insurance services firm Ryan Direct Group as broker development director for personal and commercial lines business.
Allianz Commercial joins Powerplace SME panel
Allianz Commercial has joined Powerplace's SME panel making its suite of SME products available on Powerplace SME from the fourth quarter of this year.
Axa aims to challenge mid-market status quo with sector-specific proposition
Axa has signalled its intent to secure a much larger share of mid-market risks in 10 key trade sectors with the introduction of a tailored broker proposition.
Blog: SME insurers need to simplify and accelerate claims handling
Small and medium-sized businesses play a vital role in the UK economy. Figures from the Department for Business, Innovation and Skills show that more than 99% of private sector businesses are SMEs.
Less than 6% of SMEs have cyber insurance, says ABI Research
Global research firm ABI Research has found that less than 20% of large companies and less than 6% of SMEs have cyber insurance within the global insurance market.
SME Hubs: Let's get together
With so much economic focus on London, SME directors are championing the idea of a business hub away from the capital. But how would it work?
Trade Voice: Anyone for a game of pinball?
Going to work in an insurance brokerage can sometimes feel like a trip to the amusement arcades.
Axa completes SME broker offering revamp with leadership team hires
Axa has appointed seven people to lead its online SME trading hub for brokers.
D&O: 3 in 4 SMEs uncovered
It was once said that Stephen Hawking's 1988 book, ‘A Brief History of Time', was one of the most widely owned but least read works in print - something people wanted to show off on their bookshelf but could not face the effort required to digest the…
Willis recruits from AIA and JLT in Asia
Willis has appointed David Chan as Asia head of affinity and SMEs, and Cedric Luah as Asia head of human capital and benefits.
Acturis grows by over 20% for third consecutive year
Acturis posted a 25% increase in revenues to £36.9m for the year to September 2014.
Biba research finds SMEs not outsourcing insurance tasks to brokers
Research carried out for the British Insurance Brokers' Association has revealed that a significant number of leaders of small and medium-sized enterprises perform a lot of tasks outside their job descriptions, instead of outsourcing these to insurance…
Asia C-Suite: Insuring the Alibabas of tomorrow
Prioritising flexible cover for SMEs in Asia-Pacific will help drive economic growth and innovation in the region argues Zurich's Stuart Spencer.
AIG sells Taiwan personal lines and SME book for $158m
AIG has decided to focus on large commercial risks in Taiwan after agreeing to sell its personal lines and SME book to Nan Shan Life for $158m (£102m).
Analysis: Asia's high growth markets
Insurers see high growth potential in several large countries across Asia but caution is needed. Nicky Burridge explains.
Marsh bolsters SME capability with purchase of Leeds broker
Marsh has reached a definitive agreement to acquire Leeds-based independent broker SME Insurance Services.
Mid-market 'forgotten' in industry claims processes
A mismatch between the relatively low rates paid by SMEs and their complex insurance needs has been identified as a key driver for the high levels of claims dissatisfaction reported by smaller businesses.
Two thirds of SMEs unaware of D&O cover, Allianz survey finds
Allianz has jointly launched a white paper outlining the risks faced by company directors after a survey by the insurer found that two thirds of SME leaders are not aware of what directors & officers insurance is.
Allianz extends commercial offering via Applied Systems
Allianz has expanded its suite of commercial lines products available through software provider Applied Systems’ Applied TAM technology to include the insurer’s property owners, tradesman, and shop and office products.