Insurtech investment falls amid Covid-19 pandemic
Insurtech funding fell more than 50% during Q1 2020, as the Covid-19 pandemic continues to exert significant downward economic pressure across the globe
Hospitality group targets insurers over Covid-19 claims
Another action group has formed to take on insurers that have rejected Covid-19 claims on business interruption policies—this time hospitality businesses against insurers QBE and Aviva
CPP Group UK to handle key replacement claims for RAC
Insurtech specialist CPP Group UK will provide the RAC with a bespoke claims handling service under a new partnership with the motoring organisation
Covid-19 fund aims to raise £100 million for charity
Members of the UK insurance and long-term savings industries, including Aviva, Lloyd’s and Zurich, have launched a new fund to support those hardest hit by the Covid-19 pandemic
FCA seeks examples for Covid-19 claims test case
The FCA is inviting insurers and brokers aware of unresolved disputes over Covid-19 claims to participate in its test case, ahead of the expected High Court hearing in July
Covid-19: Dentist group instructs law firm to investigate claims rejections
The British Dental Association has appointed a legal adviser to look into why insurers are not paying insurance claims of dentists for business interruption during the Covid-19 pandemic
Lloyd’s counts cost of Covid-19 claims
Lloyd’s of London expects to pay out between $3 billion and $4.3 billion (£2.46 billion and £3.52 billion) to cover claims arising from the Covid-19 pandemic
ABI backs temporary trade credit reinsurance plan
The ABI has backed the UK government’s plan to develop a temporary reinsurance scheme to help businesses recover from the impacts of the Covid-19 lockdown
Aviva launches reporting tool to combat Covid-19 scams
Aviva has launched an online scam reporting service in a bid to protect potential victims of fraudsters attempting to take advantage of worries and fears over the Covid-19 pandemic
RSA receives 25,000 Covid-19 claims
RSA has received 25,000 Covid-19 claims since the outbreak began, but its exposure to the pandemic has been limited by reinsurance for its travel book and business interruption exclusions
Another whiplash delay
The pandemic is likely to fuel even more consolidation in the claimant legal market than the whiplash reforms were going to drive
Scottish Child Abuse Inquiry: paying the price of child migration
For decades, care organisations sent thousands of children in their care to other countries to begin new lives. The results of that initiative are now the focus of Scotland’s child abuse inquiry
Bought By Many secures £78.4 million in growth equity investment
Bought By Many, the London-based pet insurance provider, has secured £78.4 million in growth equity investment from US firm FTV Capital and existing investors
Fighting motor fraud with AI
Can an AI determine which potentially fraudulent motor insurance claims are worth contesting? Yes, says Clyde & Co’s Damian Rourke
How will Covid-19 lockdown affect future claims handling?
Mark Pierce of Criterion explains why the insurance industry will return to physical visit claims assessments once the Covid-19 lockdown is lifted
FCA seeks court ruling over business interruption cover and Covid-19
The Financial Conduct Authority plans to seek a court declaration to resolve contractual uncertainty in business interruption insurance cover
Animal Friends partners with Aviva for pet insurance
Pet insurance specialist Animal Friends Insurance has announced a new partnership with Aviva, following a 12-month tender process
AXA Insurance supports safe driving through Brightmile app
AXA Insurance is offering the Brightmile app to its fleet customers as a way of supporting safe driving during the Covid-19 pandemic
CII appoints first independent chair
Dr Helen Phillips has been appointed as the first independent chair of the board of the Chartered Insurance Institute (CII)
Aon plans pay cuts for 70% of staff
Aon has unveiled plans for 70% of its staff to take temporary pay cuts in response to the economic toll of the coronavirus pandemic
Covid-19: ACSO and ABI strike agreement on examinations
Insurers, law firms and key suppliers have agreed a statement of intent designed to maintain the personal injury claims process through the Covid-19 crisis
Cover Genius on supporting customers during the crisis
Graeme Dean of Cover Genius on supporting customers and partners during the coronavirus pandemic, and why the insurance industry needs to embrace insurtech
MDU calls for national debate on protecting docs from Covid-19 claims
The Medical Defence Union (MDU) has called for a debate on whether doctors should be shielded from medical negligence claims following the coronavirus pandemic
Coronavirus pandemic forces whiplash reforms delay
The UK government has delayed implementation of the whiplash reform programme until April 2021 due to the ongoing coronavirus (Covid-19) pandemic and its impact on medical, insurance and legal services
Cobalt launches rapid parts sourcing solution to support key workers
Cobalt, the motor claims brand of Coplus, has launched a rapid response parts sourcing solution to help repairers get key workers’ vehicles back on the road during the coronavirus (Covid-19) pandemic
‘Pre-Covid-19’ price index shows uncertainty in car insurance costs, say Confused.com and Willis Towers Watson
The latest Confused.com and Willis Towers Watson Car Insurance Price Index shows that comprehensive car insurance premiums fell 1% (£6) in the first quarter of 2020