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ABI records 48% decline in motor claims between 2020’s Q1 and Q2; Insurers need to prepare for the economic and social fallout from COVID-19
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Insurers commit to extending COVID-19 customer pledges; ERS reports higher profit due to COVID-19; FCA investigating over 150 COVID-related scams
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Zurich H1 P&C profits fall 55% on COVID-19 impact; FCA extends payment deferral measures; RSA reports motor claims for injured cyclists on the rise
UK Commercial insurers hit hardest by Covid-19; Hannover Re’s COVID-19 reserves hit €600m; Aviva pays COVID-19 BI claims despite ‘not covering pandemics’
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Second wave could impact reinsurers capital buffers; COVID-19 to wipe $3trn from global trade; What lines of business will harden or be most exposed by COVID?
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FCA publishes its reply to BI claims defences; Leicester lockdown could complicate defence of BI claims; COVID impact on investments has been nearly erased
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Insurers widen scope of business cover in light of pandemic; Aon staff get original salaries back and more; Wimbledon will not get pandemic insurance in 2021
Insurers set out defences in FCA test case; Admiral sees 39% increase in accidental damage claims as lockdown eases; London Market terms and conditions likely to be tightened
Insurers watch and wait as rusty drivers return to the roads; Hiscox Action Group formally launches arbitration claim; Lloyd’s of London set to re-open its office in September