Claims – Page 44
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NewsEnergy price crisis could prompt increase in candle fire claims – Zurich
Insurers could be bracing for more fire claims as consumers turn to candles to cut energy costs
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NewsInsurers must be able to ‘turn on a sixpence’ to tackle claims inflation – Earnix
Insurers need to embrace speed, agility and intelligence in order to compete, says chief executive
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AnalysisBriefing: Insurers face winter of discontent as sterling adds to claims woes
The ups and downs of the British pound gives insurers more to think about when it comes to claims costs
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NewsCost of living crisis prompts changed claims expectations – CII
Consumers are increasingly prioritising the speed at which claims processes are completed, survey results revealed
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NewsLatest OIC performance data show claims volumes remain low
Low percentages of claims originating from unrepresented claimants now ‘part of an established pattern’, says executive director
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NewsPFR measures could majorly mitigate future flood losses – JBA Risk Management
The firm said the insurance market will see profit from Flood Re’s BBB scheme in seven years if just 3% of suitable properties were invested in
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NewsTool theft crisis hits self-employed hardest – Simply Business
Of those who had tools stolen, 32% said they had not been financially compensated at all
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NewsAxa UK Retail launches first in-house digital-only insurance brand
The development aims to be a ‘vital safety net’ for customers seeking flexible cover via technological means, says top boss
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NewsEndsleigh Insurance partners with finance platform on embedded insurance offering
The opportunity for embedded insurance to improve access to mandatory products is significant, says chief executive
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NewsReinsurers risk misunderstanding secondary perils due to less mature modelling
Professional services firm partner predicts a ‘pretty expensive year’ for the reinsurance sector as secondary perils drive up losses
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NewsReinsurance sector needs to invest in cloud-enabled analytics
The reinsurance sector is ‘on the edge of insurtech’, says Acord vice-president
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NewsHoliday Inn hotel chain hit by cyber attack
Hotel chains are often targets for cyberattacks due to the data they hold, says Coalition’s head of insurance
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AnalysisBriefing: Industry scratching its head over deepfake e-scooter fraud
What new types of claims and fraus will arise following the extension of the UK’s e-scooter trial?
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NewsLondon market still catching up on admin backlog caused by pre-pandemic ‘creaking systems’
London market firms are ‘leaning into the need to move to a digital marketplace’, causing a technology ‘revolution’
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NewsSmaller businesses becoming bigger targets for cyber criminals as claims rise – Coalition
The cyber insurer’s head of claims says small businesses ’often lack resources’
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NewsAnansi partners with insurer to offer embedded goods-in-transit insurance package
The collaboration aims to address current market pains resulting from an ‘antiquated’ method
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NewsLloyd’s of London’s reserving for Ukraine crisis is a 'sensible reserve position’
Lloyd’s had arrived at its reserving figure for Ukraine-related claims via a ’probability weighted exposure reserving method’, says chief financial officer
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NewsNot all cloud downtime losses covered by cyber errors and omissions insurance – Parametrix
The limited coverage is characterised by low coverage limits, long waiting periods, narrow coverage triggers, significant deductibles and long claims processes
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AnalysisBriefing: Brokers fear professional indemnity market crunch will only worsen
Despite the industry’s attempts to mitigate construction PI risks, capacity is still being squeezed in this line of business
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NewsABI responds to Merton Council leader comments in wake of Thornton Heath gas explosion
The trade association said it would continue to monitor any developments and reiterated that insurers would continue to do everything they can to assist impacted residents
