Claims – Page 92
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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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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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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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NewsPukka to move back onshore as MGA begins restructure
Chief executive said duplicate roles are being removed
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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
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NewsCoronavirus poses legal risks for insurance market
The government plans to fly 200 Brits home from Wuhan today and quarantine them, insurers need to take a joined up approach to navigate losses
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NewsWhiplash portal delay would be a ‘political decision’ insists MIB chief
Portal is technically ready to go, but awaits decisions on features such as ADR and statutory instruments
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NewsE-scooter legalisation – an untapped market for brokers?
Biba is campaigning to get e-scooters legalised on the roads as part of its 2020 manifesto
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NewsSedgwick in early discussion with clients after coronavirus outbreak spreads
Although there are no known UK cases yet, the advice looks at policy extensions if this were to happen
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NewsSaga joins Hastings in revealing claims inflation challenge
Saga’s share price rises following trading update
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NewsCopart to launch tool that tells insurers the value of damaged vehicles at notification
The firm’s UK managing director said the tool will ‘seriously disrupt the claims journey’
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NewsAviva and NFU Mutual among firms recognised for claims satisfaction
Consumer Intelligence reveals which brands consumers trust the most across five categories
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NewsMarsh issues warning to businesses on Coronavirus risk
The broker has warned companies to prepare for potential claims
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Online onlyHuge claims shake up proposed to help Irish insurers
Damages for soft-tissue injuries are 4.4 times higher in Ireland than England and Wales
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NewsDirect Line ranks as the best rated insurer says YouGov
However, insurers lag behind other markets when it comes to consumer perceptions
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NewsMIB opens registration window for LiP portal
Organisations can start entering their details between now and April
