Household – Page 5
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NewsAxa Partners and Arc Legal partner with Sky over new smart home offering
The two chosen firms said the tender process for the partnership was ’very competitive’
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NewsSky looks to disrupt home insurance market with new app-oriented product
The firm’s new offering has been underwritten by Zurich Insurance
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NewsMovo Partnership launches Quote Portal to boost insurer and MGA distribution
’It gives them complete transparency and means they can access data insights quickly and efficiently,’ says manager
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NewsArma Karma gets ‘stamp of approval’ as it seals £1.5m in funding round
The insurtech MGA now has several projects in the works
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NewsProperty claims for flood damage significantly drop
Industry commentators believe the decrease boils down to work done by the UK government and flood resillience schemes
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News AnalysisFOS complaint volumes surge as Consumer Duty deadline looms
With the implementation deadline for the new Consumer Duty regulations fast approaching, Insurance DataLab analyses the latest ombudsman complaints figures to see how the industry is performing
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News AnalysisBriefing: Insurers facing flood dilemma as new models remove all doubt
New research provides greater certainty around potential flood events and their location – but how will these details impact the cover offered by insurers?
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NewsSummer 2022 heatwave saw surge in subsidence payouts – ABI
Insurers are expected to pay £219m in subsidence claims for 2022 caused by last summer’s ’record breaking high temperatures’, says association
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NewsAnimal infestation home insurance claims on the rise
Home insurance claims relating to animal infestation are at ‘an all-time high’, according to new data
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NewsFlood Re completes East Peckham pilot to score properties’ flood resilience
The reinsurance scheme hopes its new flood resilience scoring could help underpin future insurer pricing
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NewsAdmiral Group posts COR of 101.7% for 2022
The insurer’s group chief executive says she is ’proud of the agility and adaptability that Admiral demonstrated’ in 2022
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NewsHome insurance startup Locket partners with reformed burglar
The insurtech aims to help customers actively prevent claims instead of just resolving them with claims payouts
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NewsHousehold premiums fall 6% year-on-year despite 2022’s extreme weather costs
The average price paid for combined buildings and contents insurance was £300 last year
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NewsYounger insurance customers prefer human interaction – Sollers Consulting
‘There is something about this online experience that is not speaking to the younger demographic’, says business architect
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NewsConsumers with mental health conditions penalised when seeking insurance
Money and Mental Health Policy Institute has called on the FCA to stop firms from making pricing decisions ‘behind locked doors’
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NewsTractable and Verisk partner to reduce property damage claim settlement times
The duo hopes to support insurers in the face of ‘ever changing climate woes’
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NewsGreen shoots of insurance growth will take time to bloom – EY
“Insurance demand is among the first to be impacted” by rising cost of living, says UK insurance lead
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NewsCompany market outlook for 2023 becoming progressively worse – Fitch Ratings
The firm highlighted that one path to gaining capital is turning to higher investment returns
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NewsVulnerable customers less likely to shop around for home and motor cover – Consumer Intelligence
Almost half (42%) of home insurance customers were revealed to be potentially vulnerable
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News AnalysisHow is the industry faring ahead of the FCA’s Consumer Duty implementation?
Insurance DataLab provides exclusive analysis of the Financial Ombudsman Service’s most recent complaints data to see how prepared the industry is for the FCA’s Consumer Duty this July
