Author: Admin
Disruption in supply chains for Motor Trade
Motor Trade supply disruption Ever since the COVID-19 outbreak, supply chains have faced major disruptions in the automotive industry. Several manufacturing companies have had to modify their approaches as a result of the impact of the pandemic on the supply and demand from customers, businesses, suppliers and governments. According to a recent survey conducted by…
Read more
Motor Trade business continuity: 3 tips to combat change
Motor Trade business continuity: 3 tips to combat change Managing a diverse and agile supplier network is now a top priority in the auto industry and essential to remaining competitive. No matter if shifting to the production of electric vehicles, dealing with the current semiconductor shortage or mitigating everyday disruptions, the automotive OEM and aftermarket…
Read more
Ascend nominated for 4 awards at the Broker Innovation Awards 2022!
Ascend nominated for 4 awards at the Broker Innovation Awards 2022! The Broker Innovation Awards seeks to reward companies, employees and teams that truly understand their customers and the market. The Broker Innovation Awards culminates in The Broker Innovation Award, a recognition of a specific implementation of an innovation in insurance brokerage, be it in service delivery, pricing, technology,…
Read more
Rolex and Patek Philippe owners watch for underinsurance
Rolex and Patek Philippe owners watch for underinsurance Some luxury watches have more than tripled in price – even for second-hand watches – meaning that many clients are at risk in the event of a loss of a huge gap between the insured value and the replacement cost. This is called Underinsurance. The economy has…
Read more
Inflation rate for motor claims settled in 2021 reached 6.2%
Inflation rate for motor claims settled in 2021 reached 6.2% Average claims settlement times in Q1 2021 were two months longer compared to the same period in 2019. Motor claims inflation is expected to accelerate in 2022 following a 6.2% increase in 2021, according to new research published by our network partner Willis Towers Watson (WTW).…
Read more
Vulnerable road users’ awareness guide for employers
Vulnerable road users' awareness guide for employers In conjunction with AVIVA we are pleased to share with you our new VRU awareness guide for employers. The document includes: - Statistics on incidents involving VRUs. - A closer look at some of the key emerging risks such as updates to the law and guidance as well…
Read more
What employers should do during a heatwave
What employers should do during a heatwave? The Met Office has issued an ‘extreme heat’ warning, meaning there is a real danger to health for the UK population. What does this mean for those of us that are working during the heatwave? Are employers obligated to keep the temperature in the workplace below a certain…
Read more
Directors & Officers: Motor Trade
Directors & Officers: Motor Trade What is Directors & Officers (D&O) Insurance? Director and Officers Insurance is sometimes known as “Management Liability” and it’s there to protect you financially against any claims made against you personally as a director, partner or officer of your business. From health and safety concerns to a claim for breach…
Read more
5 mega trends to watch in 2022
5 mega trends to watch in 2022 Global economic developments and insolvency exposures 2021 proved to be volatile for businesses and their officers, pummeled by a ‘perfect storm’ of exposures: from the economic downturn to a global pandemic to unstable political developments and an unprecedented warning of insolvencies to come. Markets are expected to remain…
Read more
Ascend nominated for 4 awards at the UK Broker Awards 2022!
Ascend nominated for 4 awards at the UK Broker Awards 2022! The UK Broker Awards seeks to reward companies, employees and teams that truly understand their customers and the market. Ascend Broking has been shortlisted for: - Commercial Lines Broker of the Year - Digital Broker Award - ESG Broker Champion - Sustainability - Customer…
Read more
