Claims – Page 53
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NewsDAC Beachcroft saves Aviva more than £12m in 2020 by identifying fraudulent motor claims
2020 also saw ‘significant changes’ in the types of motor claims fraud
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IT InterviewQ&A: Ease of trading is our ‘bread and butter’ – Home & Legacy
Insurance Times speaks to Home & Legacy’s managing director Barry O’Neill about the latest developments of its e-trading platform
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NewsSedgwick partners with John Lewis for home insurance claims solution
The online claims service portal will speed up processing, improve customer service, and reduce claims life cycles
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FeaturesKennedys IQ introduces enhanced ‘next level’ claims management solution
Using artificial intelligence, Kennedys IQ intends on ‘helping claims handlers shift from information gatherers to insight enabled decision makers’
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FeaturesIn Focus: What unintended consequences could follow the implementation of the Official Injury Claim portal in May?
After a number of delays, the deadline for the new Official Injury Claim portal is looming, industry commentators explore whether the new portal will hit the mark, or fall short for claimants
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NewsOxbow Partners identifies three key insurtech themes in latest report
Advisory firm Oxbow Partners has highlighted the three key themes to watch in its latest report
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FeaturesArdonagh ‘on cusp’ of solving BI issue before FCA test case halted project
In a call with media this morning, Ardonagh’s chief executive David Ross spoke about how an industry working group was ’on the cusp’ of finalising a solution for business interruption claims, but the FCA Supreme Court case put a stop to this
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NewsOxbow Partners reveals top 25 insurtechs to watch
The advisory firm says that the chosen insurtechs ’all have the potential to drive significant value in the industry’
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FeaturesBriefing: Fraud red flag will remain for personal injury claims despite OIC portal launch
Personal injury fraud is ready for its next evolution as the countdown to 31 May continues
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NewsUK drivers have claimed £4.1m in pothole damages
Belfast is listed as the pothole claim hotspot
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NewsIndustry must ‘keep an eye on’ whiplash reforms ‘to be sure they’re achieved’ – Aviva
Claims director says the implementation of the Official Injury Claim portal is ‘an important first step’, indicating that the government seeks to combat ‘compensation culture’
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NewsTesco Bank reveals new travel insurance product with Covid-19 cover
The company has partnered with ROCK Insurance Group to manage its new product, while AXA Partners will provide the underwriting
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NewsInsurers paid out £472m in interim and final BI claim payouts following test case – FCA
The regulator calculated that 10,207 BI policyholders out of the 21,140 who have had claims accepted have received at least an interim payment
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News‘Bad behaviours’ have crept back into credit hire sector – Kirsty McKno
With part two of the whiplash reforms coming back into focus, the former CHO chair says the credit hire industry has ‘gone backwards’ and that ‘Covid has exacerbated’ the sector’s problems
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News AnalysisCovid-19 pandemic exacerbates fine art insurance’s hard market conditions
The art sector is heavily reliant on social contact, so the uncertainty of the coronavirus lockdowns have created added risks and challenges from pushing sales online
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NewsEcclesiastical blames Covid-19 for recorded £15.7m loss before tax in 2020
The insurer also paid out £18.7m for coronavirus-related claims ‘where there is confirmed cover’
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NewsFraudsters cause spike in motor insurance claims during 2020
Product manager warns that insurance firms need to be ‘alive’ to changes in fraud and ‘understand what lessons can be learned’ moving forward
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NewsDespite current ‘trickle’ of home working claims, fraud ‘inevitable’ – Clyde and Co
Panellists at March’s Fraud Charter event agreed that fraudulent claims linked to home working were ’inevitable’ and that the rise in spoofing needs to be dealt with, either by the CMA or the Online Harms Bill
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FeaturesThe Building Safety Bill – what insurers and brokers need to know
With the Building Safety Bill set to pass in 2023, law firm Weightmans debates the changes this will bring and the resulting impact on the insurance industry
