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Download our Winter Covernotes newsletter which includes the following articles:
Download our Summer 2019 Covernotes newsletter which includes the following articles:
The insurance industry is increasingly taking what could be termed a ‘lie detector’ approach to both insurance claims and insurance proposal form submissions. It is using collaborative approaches and insurance ‘forensics’ to wheedle out and identify individuals and businesses either seeking to defraud insurers through false or exaggerated claims or pay lower premiums by deliberately lying about their risk.
Read more →Three-quarters of businesses are estimated to be unprepared for a cyber attack despite, in many cases, leaving the door open for cyber criminals to freely enter their systems. Furthermore, with the ever-growing number of connected devices available through the Internet of Things, the number of doors open to cyber criminals is snowballing. Even a connected fish tank has served as an attack entry point.
Read more →Q1 2019 has seen the highest underlying level of company insolvencies of any quarter since Q1 2014, with 4187 company insolvencies – a rise of 6.3% since Q4 2018 and an increase of 5.1% on the same quarter last year. Meanwhile, Q1 2019 has seen 31,257 individual insolvencies – up 15.9% on Q1 2018. But what does insolvency – corporate or individual – mean in insurance terms?
Read more →The 21st century world is flooded with ‘personalisation’ options; initials, embossed fashion items, must-guess-who-is-driving number plates, pizzas with just your choice of topping and nobody else’s. Yet, whilst business owners are building their own burgers with zeal, they rarely appreciate that they can have a major influence when it comes to shaping their own insurance policy, by ensuring they thoroughly tell their own individual story.
Read more →Punishments are not just fitting the crime but also the potential crime when it comes to health and safety. Additionally, the number of directors and managers prosecuted for breaches has more than doubled in recent years. And, in the last quarter of 2017 and Q1 last year, around one-in-ten prosecutions involved the personal prosecution of a director or senior manager.
Read more →The Wimbledon Tennis Championships captivated tennis fans worldwide, whilst serving up around 54,000 balls, 140,000 bowls of strawberries, 10,000 litres of cream and even 5,000 bananas for players to munch on between games.
Read more →Within the last nine months we have seen a stark warning, which those declared bankrupt in the past, or those considering this as a course of action in the future should heed carefully, given the potential impact it may have on their insurance status.
Read more →Artificial Intelligence (AI), once the stuff of science fiction, powers a whole host of things which are now part of everyday life. Just think of Siri, Cortana or Alexa.
AI is a term that covers a wide range of technologies and capabilities which can be of huge benefit to businesses. This is equally true for the insurance industry, with many insurers exploring both AI and an associated technology – robotics – for functions, from claims handling to fraud detection.
Many firms will encourage workers to make the move back to their workplace, whether that be the retail, leisure or manufacturing environment, or the office. Commercial landlords may now be earning rental income once more, having waived or deferred payments during lockdowns and restrictions. But what do we need to be aware of with regard […]
Across many sectors of the economy, there seems to be something or other currently in short supply, whether that is food on supermarket shelves, materials for construction sites, laptops for business, TVs and home entertainment equipment, or labour for farms, hospitality businesses, HGV firms or coach operators. Over- reliance on global supply chains, for both […]
On 31 May 2021, the long-awaited and delayed Civil Liability Act 2018[1], which includes the Whiplash Injury Regulations, came into force, introducing a new OIC (Official Injury Claim) self-serve portal for those incurring whiplash claims under a value of £5,000, to run alongside the existing Ministry of Justice portal, which has existed since 2010.
The cryptocurrency industry is poised to become a ‘big opportunity’, according to experts, and insurers are increasingly exploring coverage within a new space engaging more of us.[1] If online wallets, hot and cold storage and crypto-exchanges could become part of your world, however, you need to understand the risks – and not just from an […]
The UK is said to be on the cusp of a transport revolution, with electric vehicles (EVs) very much the future and micro-mobility-level eco choices also potentially being transformative. Much thought is required, however, especially from an insurance and risk perspective.
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