Claims – Page 249
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NewsUK financial services industry is ‘perfect target’ for cyber attack - report
Financial services companies vastly overestimate how much insurance they have against a cyber-attack, Marsh UK and Ireland chief executive Mark Weil has said. This means the UK financial services industry is ‘perfect target’ for attack, according to lobby group TheCityUK’s Cyber Taskforce report co-written by Marsh. ...
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Online onlyAviva to invest millions in tech start-up enabler
Aviva is to invest millions of pounds in Founders Factory, a technology incubator, to forge a new wave of financial service start-ups, Sky News reports. The deal, due to be announced today, will make Founders Factory an exclusive services partner with Aviva. Ben Hoberman, who set ...
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NewsJaime Swindle, NIG: ‘Brokers are now setting the e-trading agenda’
Delivering what brokers want has helped NIG retain its place at the top of the Insurance Times e-Trading Broker Insight rankings. E-trade director Jaime Swindle talks about how brokers are now driving e-trading
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NewsInnovation Blog: Self-aware drivers before self-driving cars
Octo Telematics’ Jonathan Hewett and Goldsmiths, University of London’s Dr Chris Brauer on improving driving through technology
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NewsBicycles top household theft claims
Bicycles are the most common item cited in personal theft claims, followed by handbags and mobile phones. According to research by HomeProtect Home Insurance, 46% of all personal theft claims were for bikes. “As more people have taken to cycling, bicycle theft is much more common ...
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NewsHas Allianz killed off the average clause?
Up to 40% of small businesses are underinsured, according to the FCA. Now Allianz says it will remove the average clause from SME policies. Will other insurers follow suit?
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NewsICO fines CMC £250,000 for making 17.5m nuisance calls
A claims management company that made 17.5 million calls asking people if they had suffered hearing loss at work has been fined £250,000 by the Information Commissioner’s Office (ICO). Key points: ICO received 248 complaints about company Check Point Claims has gone into liquidation ...
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NewsWhitehorn: True innovators look beyond current market
Use customer research to predict future trends, former Virgin Galactic boss Will Whitehorn tells Innovation and Disruption Conference
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NewsAircraft engineer jailed for £240k fake lost baggage claims
An aircraft engineer who made £240,000 in fake claims for lost baggage has been jailed for two years. 45-year-old Miguel Kakaie of King Street, Aberdeen was sentenced at the Old Bailey on 10 May after a six day trial, which followed an investigation by the City ...
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NewsTalkTalk profit halves after cyber attack
TalkTalk’s full year profit halved as a result of last year’s cyber attack on the mobile phone company. Profit before tax for the year to 31 March 2016 was £14m, compared with £32m the previous financial year. The company was hit by exceptional costs of £83m, ...
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NewsManchester ghost broker jailed for £200k scam
A ghost broker who set up 151 fraudulent motor policies as part of a £200,000 scam has been jailed for 20 months. 38-year-old Romanian national Maur Dumitru of Sherrington Street, Manchester, went on the run for nine months after failing to appear at court for his ...
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NewsSmart home technology could cut CORs
Smart technology such as leak, fire and theft detectors in the home could reduce insurers’ combined operating ratios (CORs) by 21%, research suggests. According to an Innovation Group report, tech giants such as Google and Samsung are trimming the amount of insurance claims made by building ...
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Online onlyThe ITEX View: How brokers can succeed in the digital age
Embracing new technology can represent a real opportunity for brokers to add value, ITEX chairman Nigel Norman says
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NewsRSA claims handler jailed for £55,000 fraud
A former RSA employee has been jailed for 10 months for illegally passing on customer details to a law firm and adding friends and family to genuine claims in a £55,000 fraud. Anthony Francis Joseph Rattigan, 30, an insurance claim handler from Liverpool was convicted of ...
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NewsAXA unveils broker tool to tackle underinsurance in mid-market
AXA has launched an online tool to help brokers calculate the business interruption risk for individual commercial clients. Tool will help firm tackled underinsurance in mid-market AXA BI calculator is web-based tool that assesses a businesses’ BI exposure Tool intended to support prompt claim settlement The ...
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NewsCMC regulator raids two claims firms and fines third
The Ministry of Justice’s Claims Management Regulation Unit (CMRU) has raided two claims management firms and fined a third £315,000. CMRU investigators teamed up with the police to raid two firms – one in Swansea and one in Birmingham – that it said were suspected of ...
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NewsExpert View: Integrated commercial e-trading has arrived
Polaris sales and marketing manager Phil Nunn on why the company’s e-commerce portal is at a tipping point
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AgendaExpert View: Achieving relevance in the digital insurance era
Accenture’s managing director, head of insurance, UK & Ireland, Matthew Hutchins on how insurers need to understand customers’ needs and get better at providing for it in a digital world
