Article ID: b31b62b0f4ac6f88ba9bbf9a9bb03f5e2f05470bfee040bfc93cb09a21c70c11
Source ID: secondary:insurancetimes.co.uk
Published At: -
Extraction Method: trafilatura
URL: https://www.insurancetimes.co.uk/insurers/insurer-analysis
Body Text
As momentum builds around the need for more nuclear power generation, the insurance industry must grasp an opportunity to support and facilitate new projects A disconnect between technical compliance and customer experience carries reputational risk for the sector – but is currently not being addressed ’If you don’t have good data, insurers will be less interested because it makes it difficult to assess [if] the scheme works, is it fit for purpose,’ says director Is UKGI too focused on being a stickler for Consumer Duty rules, without properly considering the ethos and spirit of this outcomes centred regulation? Claims processes could be the rub here… Zurich believes the suggested deal will create a global leader in specialty insurance, but Beazley is urging its shareholders ’to take no action’ after the latest takeover proposal was submitted to the insurer ‘We don’t start people there as apprentices or let them learn from the bottom up – and that’s probably a thing that could be done,’ says director Insurance DataLab examines the latest Financial Ombudsman Service (FOS) complaints data to question whether Consumer Duty has had the desired impact As the Employment Rights Act comes into force, the insurance sector is well placed to support policyholders in adapting to the required changes ‘Some providers are exiting the market because the regulation is too prescriptive and difficult,’ says chief compliance officer The sector should make a bigger deal of its diversity and inclusion wins Insurer chief executive looks to level up firm’s strategic plans after a year in post, while committing to deliver ‘world class service’ to broker partners There was nothing particularly exciting about the regulator’s statement on the home and travel insurance markets, but what did we expect?
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