The Covid-19 virus has permeated numerous areas of our personal and business lives for over 18 months and continues to have long-lasting impacts. Our latest BIBA Guide examines how different businesses and their insurances have been impacted, along with emerging risks and potential claims trends in the wake of the pandemic.
The guide includes:
Coping with COVID - the outlook for businesses
Phoenixes and zombies - the COVID-19 effect
Occupational stress and the post-lockdown workforce
Index linking is the amount applied to insurance policies by insurers, designed to safeguard the sum insured against changes in the economic environment.
Understanding underinsurance and the risks of being underinsured
Underinsurance occurs when a business's insurance coverage is not enough to fully cover potential losses. This means that in the event of a claim, the insurance policy may not cover...
The Allianz Risk Barometer is an annual global report identifying the most important corporate concerns for the year ahead. It’s based on the insight of over 3,300 risk management experts from more 97 countries and territories.
The construction industry is constantly evolving, and with it, so is the insurance market that supports it. From the way projects are insured to the technologies shaping new builds, insurers must adapt quickly to keep up.
Now, as the motor industry enters its most transformative era ever, the insurance industry is responding by reviewing how we rate vehicles to ensure we are prepared for the vehicles of the future.
Fake staff, false claims: How to spot and stop insurance scams
Staff impersonation and fraudulent claims processing are deceptive practices where individuals pose as legitimate employees or manipulate claims to extract money or benefits unlawfully. These tactics can severely impact brokers, leading to financial losses and reputational damage.
Crash for cash: unmasking the tricks behind exaggerated claims
'Cash for crash' schemes are becoming more common in the insurance world. These involve exaggerated claims after planned accidents, creating problems for insurers, brokers, and customers. Knowing how these schemes work and communicating clearly with your customers can help reduce their impact.
Ransomware: Don’t let cybercriminals hold your business hostage
Ransomware attacks are a growing concern in the insurance world, especially for brokers who handle lots of sensitive information. These attacks involve nasty software that locks you out of your own data until you pay a ransom. Let's dive into the risks and how you and your customers can steer clear of these digital headaches.