Claims – Page 106
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NewsLV= launches monthly car insurance subscription
The online only product is the first under LV=’s new ‘Flow’ brand
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Online only‘Do the right thing’ - Handbag maker boss in Covid legal fight with Aviva
Handbag maker joins legal action group
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NewsHiscox ups Covid reserving in face of ‘largest insured loss in history’
Hiscox revised its reserving upwards alongside taking into account potential business interruption payouts; the insurer believes its exposure to Covid-related BI claims could be between £10m and £250m
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NewsArtificial intelligence will need regulatory governance for use in insurance processes
Panellists at an Insurance Times webinar highlighted that although artificial intelligence and machine learning will increase within the insurance sector, there will need to be governance introduced around it to ensure ‘the machines know what they’re doing’
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NewsClaims Excellence Awards Finalist 2020 Q&A: Digi2L’s claims portal redefines process
Winners will be revealed at Insurance Times’s Claims Excellence Awards 2020 on 15 October and further details will be announced shortly
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NewsDigital momentum here to stay post lockdown
Move to digital seen a gradual process rather than a rush
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NewsBrit bottom line hurt by Covid-19 claims payouts
The insurer’s combined ratio went into negative territory in the first half of the year
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NewsThe legacy of Covid-19 will be the end of legacy – how a global pandemic is accelerating the adoption of cloud platforms
Industry experts discuss the change in business approaches as insurers decide whether Covid-19 reactions are a ‘one-time thing’ or have ‘fundamentally changed the fabric of the business’
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News‘It’s not the size of your cloud that matters, it’s what you do with it’ – SSP
The cloud has been critical to saving the insurance industry time and money, but it is less about size and instead depends on how firms use it. An expert panel discuss its use and overall impact during an Insurance Times webinar
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IT InterviewDLG motor claims dropped by 70% during Covid-19 pandemic peak
The insurer’s head of claims says ‘we’ve just got to be ready’ for claims escalation as lockdown eases
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NewsFCA business interruption test case: Day 8 - as it happened
A test case brought by the FCA against eight insurers could have significant consequences for insurers, brokers and policyholders. We report on the latest from the High Court…
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NewsInsurtech Digital Risks to rebrand as Superscript amid global ambition
Insurtech Digital Risks will be rebranding as Superscript as it guns to become the global leader in SME insurance.
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News AnalysisLemonade’s IPO – what does it mean for the insurance industry?
Insurtech Lemonade’s shares doubled in value on its first day of trading on 2 July, surging from $29 to $69.41; this followed the firm filing for an Initial Public Offering (IPO) back in June.
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NewsTaxi driver sentenced for bogus personal injury claim
The court held that the personal injury claim was “full of inconsistencies”
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NewsCovid-19 driving demand for bicycle insurance in cities
As bicycle sales rise, insurers have a key opportunity to increase the uptake of this kind of cover in the UK
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NewsFCA business interruption test case: Day 7 - as it happened
A test case brought by the FCA against eight insurers could have significant consequences for insurers, brokers and policyholders. We report on the latest from the High Court…
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NewsMore needs to be done to restore public trust in insurance, urges CII
The industry body has proposed that insurers take a three-pronged approach to tackle falling levels of trust
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NewsZego partners with e-scooter firm to insure Teeside trial roll-out
Insurtech Zego has partnered with e-scooter company – Ginger, to provide insurance for the UK’s first e-scooter trial which has launched in Tees Valley, North East England.
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NewsLV= confirms 600 potential redundancies as part of business restructure
Chief executive Steve Treloar emphasised that the staff cut is not related to the Covid-19 pandemic
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NewsFCA business interruption test case: Day 6 - as it happened
A test case brought by the FCA against eight insurers could have significant consequences for insurers, brokers and policyholders. We report on the latest from the High Court…
