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Insure Our Future campaign’s report The Insure Our Future campaign has published its 2021 strategic plan on insurance, climate change, and fossil fuels; this is the organization's fifth annual report on insurers' climate policies. "Insurance Business" describes the results obtained by 30 insurance companies in the most recent rankings in this section. The German group Allianz is leading the pack in terms of phasing out fossil fuel insurance; the French companies SCOR and AXA in terms of divestment in fossil fuels; and Aviva, headquartered in the UK, emerges as the leader compared to other climate leaders. Get a Quote Insurance under one roof We are specialists in many types of insurance The following companies are doing well, according to Insure Our Future, a study on the role [...]

Insurers have a very black and white view of risk. They ask, "Is the property occupied?" This means whether or not there is someone in there and whether or not there are daily activities there. As a result, most of the time, insurers use their experience to ask clients, "Is the property occupied?" The builders are there every day, so the property is occupied, prompting questions such as "No, are you there?" "Is anyone trading here?" and "Is the property rented?" And you get a lot of responses because they know that if a property is empty, the risk increases and their premium rises. So insurers are very black or white, it's either empty or it's not. Are you trading or not? If you're not, you're going to have to pay an extra premium for a simple level of cover. Or if they're there, and they're trading in some [...]

How your tenants habits can affect your landlord's insurance We all have personal habits. Some are more desirable than others and some are considered not only to be unhealthy but they may also affect your landlord's insurance policy. Take two minutes to find out how! Is the professional tenant's habit, such as smoking or drinking alcohol, a risk factor for the premises? Not surprisingly, smoking causes a large portion of the fire risk. Lying on the sofa with a cigarette in one hand and not putting it out, can result in a house fire. And those are at the top of the list because they are fairly common. So what a lot of insurance companies are doing is putting a little clause in the insurance policy saying that you must not smoke in your rental agreement, which is becoming more and more common. If a claim is made it [...]

How to manage the increase in the number of insurance applicants after lockdown? Due to COVID-19, lockdown and the effects on the economy, many people are not sure of their own financial positions. Their job may have been under threat or they weren't sure of their financial future. There has been a lot of uncertainty. So we had found when we came out of the pandemic, we ourselves decided to come back into the office and the easing of the lockdown restrictions of the pandemic, we got a flood of business. One of the key questions in insurance is: "How long have you owned the property and how long has it been between your last policy? So basically, has it been uninsured?" And quite a lot, I would say 30 to 40% of the time, are a new business where our customers who had not insured over the previous [...]

Here are some ways how insurance has been affected by the pandemic With the larger insurers- I must admit, the likes of Aviva, the Axis and Ageas, the biggest impact I've seen is really they're just scaling back the risk. So we get a lot of renewals, the large composite insurers, which are the Aviva's and Axis, and all that type. Ageas. They're scaling back their risk exposure. So they're not keen on offering renewals. Scaling back risks That's obviously due to the pandemic, a direct result of the pandemic in the sense that they've had large business interruption claims that they're possibly going to have to payout. So perhaps maybe, they have a risk, where- I'll just take a simple example. Maybe a property is right beside the sea. They see that now as a risk or more of an exposure than before quite simply because there's a [...]