Claims – Page 244
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NewsAXA nets trio of fraudsters using fundamental dishonesty defence
AXA said it exposed three fraudsters who staged or exaggerated traffic accidents, after proving that their evidence was fundamentally dishonest. The three cases would have cost AXA £60,000. In one case, AXA’s suspicions the accident had been staged seemed to be contradicted by CCTV footage of ...
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NewsFaking injury 'as unacceptable as drink driving' - poll
Faking injury on an insurance claim is worse than buying stolen goods and as unacceptable as drink-driving according to a poll for Aviva. The study shows that 87% say it’s unacceptable to make a false whiplash claim, compared to 88% who say the same about drink-driving. ...
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NewsNew phone app locks phones while driving
A new phone app that stops you checking your phone while driving could help cut motor insurance premiums. Employee tracking software company Romex already sells a similar app to the fleet sector, and is now developing it for the consumer market. The app uses the phones ...
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News60% say whiplash crackdown unfair - poll
Nearly 60% of people think the government’s crackdown on whiplash claims is unfair, according to a survey commissioned by Access2Justice, which is campaigning against the plans. In November, Chancellor of the Exchequer George Osborne announced plans to move personal injury claims for up to £5,000 into ...
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NewsInvestment in insurance tech start-ups triples to $2.6bn
Investment in insurance tech start-ups more than tripled last year. Investments in insurtech rose from $800m in 2014 to more than $2.6bn in 2015, according to data from management consultancy Accenture. While much of the money has come from traditional sources such as venture capital and ...
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NewsInnovation & Disruption 2016: live updates
The Insurance Times editorial team gives you a rolling update of events as they happen from The Crystal in London
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Online onlyIDC 2016: British Gas’s Hive can cut claims 25% and up renewals 15%
British Gas’s Hive smart device can cut home insurance claims by 25% and boost renewals by 15%, according to director of connected homes at British Gas, Kassir Hussain. Hussain said British Gas can do this through installing its Hive device in customers’ homes. Hive is a ...
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Online onlyID 2016: Space a big insurance opportunity – Virgin visionary
Insuring spacecraft and objects in space is going to become big business and a huge opportunity for insurers, says former Virgin Galactic President Will Whitehorn. Key Points Ex-Virgin Galactic President says there will be a boom in insurance for space objects Cost of ...
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NewsMan used fake policies to steal £200k-worth of hire cars
A Lancashire man has pleaded guilty after being caught stealing identities, setting up fake insurance policies and stealing hire cars with a collective value of more than £200,000. Naveed Shah, 37, of Blackburn Road, Great Harwood, Lancashire, pleaded guilty to two counts of conspiracy to make ...
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Online only‘We’re too busy to innovate’ – survey
Brokers and insurers lack time, resources and the right culture to innovate effectively, survey finds. But many are starting to look outside the industry for what they need
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NewsAnalysis: With claims, it's the little things that make customers happy
Paying attention to detail is vital, according to survey
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NewsInsurers lose legal battle over Sony warehouse riot fire
Insurers have lost their battle with London mayor Boris Johnson over the payout for the Sony warehouse fire in Enfield following the August 2011 riots. This means insurers, not Johnson’s office, will have to foot the bill for loss of profit and rent related to the ...
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AgendaQ&A: Amanda Blanc on innovation: 'execution is better than strategy'
With the Insurance Times Innovation and Disruption conference taking place on Monday, one of the key speakers on the day, AXA UK and Ireland general insurance chief executive Amanda Blanc, spoke to Martin Kornacki about insurance innovation.
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NewsMotorists do not trust driverless cars – survey
Most motorists do not trust the technology behind driverless cars, a new survey by motoring publication What Car? has found. Some 51% of respondents to the survey, published today, said they would feel unsafe or very unsafe behind the wheel of a self-driving car, while 45% ...
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AgendaQ&A with Matt Poll of insurtech firm Neos
Matt Poll, chief executive and founder of Neos explains why he set up the insurtech firm after 15 years in the insurance industry and how he believes it will open up a better dialogue and relationship between insurers and customers
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NewsWatchstone rejects acquisition offer
Watchstone has rejected an ‘unworkable’ bid from a private company to buy all of its assets, excluding the actual and contingent liabilities. But the insurance technology firm has not ruled out further proposals from the company. In a statement the company said: ”Watchstone notes the recent ...
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AgendaInnovation blog: Diversity hits the bottom line
Let’s make 2016 the year for action on diversity, urges Dominic Christian, chief executive of Aon UK and chair of Inclusion@Lloyd’s
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AgendaInnovation blog: 'Our job is not to explain the past, but to give you a guide to the future'
Dr Will Pettigrew and Dr Edmond Smith of Kent University’s Centre for the Study of the Political Economies of International Commerce (PEIC) explain how they plan to use pioneering research techniques to map the future of innovation in insurance
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AgendaInnovation blog: Work with start-ups, not against them
Kathy Yu of KPMG’s high growth technology group argues corporates need to follow in Google’s footsteps and embrace the ’soul, passion and speed’ of start-ups
