Claims – Page 240
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NewsRSA extends telematics deal with Trak Global
Trak Global has extended its contract with RSA to continue providing telematics, policy administration and business information for the insurer’s More Than Smart Wheels offering for young drivers. The two-year extension follows a three-year partnership between RSA and Trak Global. RSA Global Telematics director Kenny Leitch ...
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NewsHalf of insurers fear 20% of business will be lost to tech start-ups - PwC
Almost half (48%) of insurers fear that up to one-fifth of their business could be lost to standalone fintech companies within the next five years. According a new research by PwC, this fear has been driven by annual investments in insurtech start-ups that have increased fivefold ...
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NewsTelematics data helps uncover £500,000 fraud – Insurethebox
Insurance fraud cases worth £500,000 have been uncovered by telematics underwriting agency Insurethebox using data collected from black boxes inside cars. The firm said it had used the data to disprove 31 claims, involving seven accidents over five months, and taken the drivers to court. In one example, the claimant ...
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NewsIGO4 names Sandy Dunn as board adviser
Personal lines and telematics broker iGO4 has appointed Sandy Dunn as a board advisor. Formerly holding senior roles at Markerstudy, Capita, Swinton, BDML, Supercover and Wunelli, Dunn stepped down from a number of non-executive and chairman positions at the end of 2015, iGO4 said. “Sandy … ...
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Online onlyDAC Beachcroft launches hub to boost insurance innovation
DAC Beachcroft has set up Innovations Lab to promote technology processes and products to a reluctant insurance industry. Speaking at the launch event, DAC Beachcroft Claims Solutions Group chief executive Craig Dickson (pictured) said that there are daily calls for the insurance industry to be more ...
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NewsWhy enter the Tech & Innovation Awards?
What does it take to enter for the Insurance Times Tech & Innovation Awards? Here, four entrants for this year’s awards talk about their achievements and what motivated them to nominate their products and innovations. Click here today to give your team the recognition they deserve ...
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NewsNumber of uninsured vehicles since 2010 falls by 28.6% to 1 million
The number of uninsured vehicles is estimated to have reduced to 1 million from 1.4 million since 2010, as a result of the Continuous Insurance Enforcement (CIE) programme. Parliamentary under-secretary for the department of Transport Andrew Jones provided this information to MPs in a written response ...
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NewsCIO/CTO Tech Awards winners say success comes from teamwork
Chief Information Officer/Chief Technology Officer of the Year is the blue riband accolade of the night at the annual Insurance Times Tech & Innovation Awards. Here we look at some of the recent recipients of this prestigious award. Click here today to give your team the ...
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NewsAdrian Flux launches ‘UK’s first’ driverless car policy
Adrian Flux has launched what it claims is the UK’s, and maybe the world’s first personal driverless car insurance policy. The policy is designed for consumers who may already have driverless features in their cars, such as self-parking, or who may be thinking of buying a ...
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NewsAirmic 2016: Insurance ripe for disruption because of 'weak' structures
The insurance industry is open to being disrupted because its structures are inefficient, according to QBE European Operations chief executive Richard Pryce. During a panel debate at Airmic yesterday about innovation Pryce said weak company structures meant that firms were struggling to deliver innovative products. He ...
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News‘Award matters’, say past Tech & Innovation Awards winners
What does winning an award mean to the successful entrant? How important is it to staff and customers? Here, two past winners reflect on the impact on their businesses of winning an award at the Insurance Times Tech & Innovation Awards. Click here today to give your ...
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NewsAirmic publishes clause ‘to protect’ against breach of fair presentation rule
Airmic has published a sample clause to be inserted into insurance policies which it claims will protect customers who innocently breach the duty of fair presentation introduced by the Insurance Act. One of the key parts of the Act is to replace the all-or-nothing remedy of ...
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AgendaInsurers lack a ‘culture of innovation’, research says
Half of the members of risk managers’ association Airmic believe their insurers are “hardly innovative” or “not innovative at all” in developing relevant cover, according to research by Airmic. The report highlights that only 1% of Airmic members view their insurer(s) as “highly innovative”, and that ...
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NewsAirmic 2016: Insurance lack of innovation tops list of concern for risk managers
Lack of innovation in the insurance market tops the list of concerns for risk managers, according to a survey of Airmic members that asked them to assess the insurance industry. Some 59% of risk managers said lack of innovation dominated their list of concerns. Among the areas of growing concerns, ...
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NewsAirmic 2016: Cyber is biggest risk for insurance buyers
Cyber has ranked as the biggest area of concern for risk managers, according to a survey of Airmic members. The three areas of risk that gave members the most worry were cyber causing business interruption - cited by 45.5% of members as a top-three concern, cyber ...
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AgendaAlmost two thirds of firms don’t have cyber insurance - survey
Nearly 64% of firms don’t have any cyber insurance, according to research by email security company Mimecast. The survey of 436 companies found that almost half (45%) of firms are unsure whether their cyber insurance policy is up-to-date. The research also found that 10% of companies ...
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Online onlyLiability claim notifications four times higher than pre-recession
UK professional and management liability insurance claim notifications have risen steadily over the last decade and remain four times higher than pre-financial crisis levels, according to a report by Marsh. Marsh, a global insurance broker and risk advisor, recorded that on the onset of the financial ...
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NewsEsure to review possible demerger of Gocompare.com
Esure announced a strategic review of its Gocompare.com business, including the possible demerger of the price comparison site it acquired full control over a year ago. The company said it has also appointed Matthew Crummack as chief executive of Gocompare.com, subject to to regulatory approval. “Now ...
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NewsTech & Innovation Awards 2016: Entry deadline next week
The deadline for entering the Insurance Times Tech & Innovation Awards is approaching fast, so be sure to get your entries in soon.
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Online onlyTech & Innovation Awards: Looking for this year’s technology stars
Nominations for the 2016 Tech & Innovation Awards close soon. Last year’s winners talk about the difference an Insurance Times Technology Award has made
