Claims – Page 244
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NewsLondon market electronic placing platform goes live
PPL, an electronic placement platform for the whole London market, has started trading today. Brokers and underwriters are now exchanging information on standalone terrorism risks, the first class of business to go live on PPL. Electronic placement of risks has long been an aim of the ...
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NewsDriverless cars will need cover against cyber attacks - AXA
Driverless cars will need insurance to protect against cyber-attacks, AXA Insurance technical director David Williams has said. Motorists using driverless cars may have to insure themselves against the risk of hackers remotely stealing their vehicles or taking control of them and then demanding ransom payments. A ...
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NewsPremiums rise 19.2% amid soaring car repair costs
Car insurance premiums rose by 19.2% in the second quarter of 2016 compared to Q2 2015, according to the latest Confused.com/Willis Towers Watson car insurance price index - the biggest annual rise recorded by the Index since 2011. This latest increase means that the average comprehensive ...
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NewsHemming: Aviva revamped SME products to clear up confusion
Aviva’s plan to tackle SME underinsurance and improve customer confidence in insurance will also give it a competitive edge in the market, according to Aviva SME commercial lines director Gareth Hemming. The insurer announced today that is was planning to remove average policy wordings that cut claims ...
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NewsTravel insurer offering 'all possible help' to Disneyworld cancer patient
The travel insurer blamed for stranding a terminally ill woman in Florida said it has offered “all possible assistance” to help her get home. Cancer patient Lindsey Gates, 40, broke her leg during a trip to Disneyworld Florida with her family (pictured). Doctors found her cancer ...
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NewsQ&A: Wunelli looks to the future of telematics
Wunelli, A LexisNexis Risk Solutions company, launched in 2008 following a test period as a telematics insurance broker under the brand Coverbox. The company has since invested in delivering telematics innovations and solutions to the insurance sector. Insurance Times spoke to Wunelli founding director Paul Stacy ...
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NewsBeach Point raises stake in ex-Quindell Watchstone
Beach Point Capital Management has increased its stake in Watchstone, formerly the Quindell group to more than 11%. The US hedge fund, which says it focuses on “complex and misunderstood opportunities” has more than doubled its holding in Watchstone since last September when new chief executive ...
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NewsPost-Brexit UK needs to match EU cyber protection rules
If the UK wants to compete with the EU on equal terms post-Brexit, UK data protection standards will have to match EU regulations, according to cyber protection firm NCC. “For the UK to do business with the EU, or any other country for that matter, it ...
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NewsAXA appoints new claims customer service director
AXA has appointed Kim Pearce as claims customer services director as part of its ongoing claims transformation programme. Pearce will be responsible for the operational management of mass motor, mass property and lifestyle claims. She was previously Allianz head of organisational management and has experience from ...
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NewsBrightside to launch online van product on aggregators
Brightside will launch its online van product on price comparison site Compare the Market tomorrow (6 July). The broking group’s van proposition director Neil Laird said the company is expecting to sign deals with other major price comparison sites “during the next few months”. Brightside launched ...
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NewsInsurance is 'playing catch-up' to other industries: LMG chief exec
London Market Group (LMG) chief executive Ben Reid has said the insurance industry is “playing catch-up” to other industries and needed to embrace modernisation. Reid said the LMG’s agenda is to “build and maintain London’s position and reputation as the global centre of insurance excellence”. Reid ...
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NewsEast London 'worst for uninsured vehicles'
East London tops the list of UK’s uninsured driving hot spots, according to Churchill Insurance. East London has the highest proportion of uninsured vehicles at 13.4%, but Birmingham has the most uninsured cars with 55,142 uninsured vehicles. Across the UK, there are over 1 million uninsured ...
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NewsRunner ordered to pay Aviva £9,213 after ‘fundamentally dishonest’ whiplash claim
A runner has been ordered to pay Aviva’s cost of £9,213 after an investigation into his whiplash claim saw him running, hiking and working. During the court hearing at Liverpool Country Court the judge found that 29-year-old William Owen’s whiplash claim was “fundamentally dishonest”. Owen first ...
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Online onlySelf-driving car claims first road death
The driver of an electric Tesla car has been killed while the vehicle was on autopilot. It is understood to be the first road death involving a self-driving car, with American news outlets naming the driver as Joshua Brown from Ohio. “What we know is ...
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NewsMarkerstudy buys telematics broker Drivology
Insurance and broking group Markerstudy has bought app-based telematics broker Drivology. The acquisition will add over 6,000 policyholders to Markerstudy’s retail division. Drivology specialises in smartphone app-based car insurance. The company’s app monitors how safe a driver is to determine motor insurance premiums. The app determines ...
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NewsBrexit means bad news for innovation says Atidot
Start-up risk management company Atidot chief executive Dror Katzav has said that Brexit means bad news for innovation as start-ups are “businesses for immigrants”. Speaking at a London InsurTech event on June 29, six panellists shared their views on whether Brexit would impact the InsurTech wave ...
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NewsWillis’s Gaffney says risk is the future of insurance
Willis Towers Watson chief technology officer Simon Gaffney has said that there are huge opportunities in the risk market for new people entering the insurance industry. Speaking at the London InsurTech Conference on 29 June, Gaffney said that technology is transforming clients and creating new businesses ...
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NewsTech & Innovation Awards 2016 shortlist announced
An extensive array of technology firms, insurers and brokers have been shortlisted for the Insurance Times Tech & Innovation Awards 2016. These prestigious awards recognise the best applications of technology in UKGI. It is a celebration of how insurance firms and their technology partners are meeting ...
