Household – Page 9
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AnalysisProperty disrepair claims fraud is beginning to look like ‘the new PPI’
Industry experts have noticed a worrying increase in claims farming from CMCs in the property disrepair arena
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AnalysisTech savvy new entrants set to shake-up home insurance sector
Insurance Times explores market movements in home insurance following the FCA’s pricing reform and escalating claims inflation pressures
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Analysis‘Very aggressive segmentation’ set to replace price walking as profit-making tool for insurers
With customers having less incentive to shop around following the FCA eliminating price walking, how can underwriters leverage data to offer discounts to their least risky customers?
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NewsUrban Jungle raises £16.5m in latest series A funding round
The insurtech plans to enter new markets following the funding boost, as well as create 100 new jobs
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NewsBogus home insurance claims grew by 45% in 2021 – Aviva
Whiplash and ghost broking fraud continued last year, according to the insurer’s figures
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IT InterviewMark Wood: Breaking even a ‘priority’ for Ondo ahead of fulfilling market expansion ambitions
The insurtech has plans to expand into colder climates, using IoT-based detection device to tackle escape of water claims
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NewsABI reveals record low for home buildings and contents insurance pricing
It is ‘too early’ to tell, however, how the FCA’s new pricing rules will have an impact, says general insurance manager
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Sponsored ContentPearson Ham: How have the general insurance pricing practice remedies impacted market rates?
Pearson Ham’s director of insurance pricing, Stephen Kennedy, discusses the impact of the FCA’s pricing reform in the home and motor markets
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NewsDirect Line estimates extreme weather claims to reach £40m
The insurer says these potential claims are within its budget for the year
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NewsDirect Line’s premiums slide by 2.4% during Q1 2022
The group put the hit to GWP down to the FCA’s pricing reform, but trading was ’broadly in line’ with its expectations
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IT InterviewRichard Coleman: Charitable ownership ensures ‘high standards’ at Ecclesiastical
UKGI managing director tells Insurance Times how having a charitable purpose ‘brings out the best in us’ as the insurer eyes growth in ‘areas where we have pretty low market penetration’
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NewsResidents at West India Quay demand commission fees disclosure from insurer
Zurich says it cannot release this information, however
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NewsClimate change has ‘broken the world of risk management’
However, applying an ‘insurance mindset’ to climate-related issues can support the ‘race for resilience’, says government’s climate champion
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AnalysisBriefing: Sector-wide cultural change and ‘radical collaboration’ will drive flood resilience work
Flood Re believes the role of insurance is changing as it urges insurers to offer property repair improvements to combat poor flood resilience
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NewsPrevisico inks Watertight deal to help mitigate insurers’ losses
The insurtech’s chief executive says it is a ‘perfect partnership’
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NewsUK set for record-breaking levels of rainfall – Swiss Re
Strengthening the UK’s resilience against flood risk will require attention from (re)insurers, says UK and Ireland chief executive
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NewsStartup Getsafe boosts business portfolio with new insurance offering
The firm is eyeing a UK customer base of 50,000 in 2022
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NewsOndo becomes first insurtech to make IPO in UK following purchase
The escape of water insurtech formerly known as LeakBot aims to lead the revolution towards sustainable risk reduction by scaling up its product globally
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IT InterviewBen Smyth: Insurance does not currently cater for young adults
Insurance Times speaks to startup insurtech Arma Karma on the importance of insurance not being viewed as a ‘grudge purchase’ by 18 to 35-year-olds
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NewsIreland follows UK with home and motor price walking ban
The new law will come into effect from 1 July 2022 and exclude new customer discounts
