Claims – Page 126
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NewsAdmiral set to report another profitable year, but spectre of rising claims costs looms
The insurer expects to post bigger profits in its 2019 figures, but issues warning on claims inflation
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NewsBrokers being forced to pay more attention to 'uninsurable' risks, says FM Global
The insurer believes both brokers and insurance firms are trying to assess potential intangible losses
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NewsNeos no longer offering connected home insurance products under own brand
The decision was made after the insurtech’s successful partnership with the insurer
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NewsSmartdriverclub’s Searles sells share in telematics broker stepping down from chief exec role
With the new acquisition as well as a vehicle tracking firm in the investors repertoire, the two could become a telematics powerhouse
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NewsLack of supply chain understanding identified as key industry risk
The insurer’s claims director says mapping out supply chains is ‘extremely difficult’ for both insurance firms and risk managers
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NewsStaveley Head enters administration
Most staff let go as the Lloyd’s coverholder struggled to recover from the termination of its Gefion business
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NewsTravel insurers must signpost pre-existing medical conditions, says FCA
Firms have until November to implement these rules
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Online onlyMotor market set for challenging future amid high claims inflation – Moody’s
Increasing claims costs and falling premiums will make it hard for motor insurers to find profits
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NewsNearly half of businesses buy policies without broker advice
Most bosses think that traditional insurance policies cover them for cyber-attacks but specialist cover is needed
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Online onlyOgden hits van premiums
No other seismic events in the van market were seen in recent months that could have contributed to such a large rise
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NewsFraudster sentenced for bogus slip and trip claims against Allianz and Covéa
If the fraudster had been sucessful he would have been awarded £11,000
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NewsFairchild named new Applied Systems Europe boss
The industry veteran left his previous role at Jensten Group last month
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NewsSimon Marsh – the video telematics boss saving lives and loss ratios
In October last year VisionTrack’s IoT platform processed 50 million miles of driving data which could benefit insurers
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NewsIgnite teams up with new car insurance broker on software proposition
The broker was founded by industry veteran John Hatfield
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NewsGRP among first firms to link SMCR regime with HR practices
Performance management software chief exec said combining HR and SMCR is essential to affect culture change
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NewsPukka to move back onshore as MGA begins restructure
Chief executive said duplicate roles are being removed
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News AnalysisThe Big Question January/February 2020: Will the LiP portal empower personal injury claimants?
With the Litigation in Person (LiP) portal confirming its next stage of testing in January, it will cover the full user journey, the MIB hopes it will empower claimants and so far the feedback has been positive but what do the insurance industry think? Insurance Times find out
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NewsFitch sees negative outlook for non-life insurance sector
Fitch Ratings points the finger at elevated claims inflation and a weak pricing environment
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NewsLack of LiP portal decisions leaves businesses in the dark
The whiplash claims portal is due to go live in April
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NewsStolen and encrypted data set to be key 2020 cyber crime trend
Criminals that steal as well as encrypt data believe they have a better chance of being paid a ransom, says CFC Underwriting
