Claims – Page 555
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Insurers must invest in fraud detection technology
Aron Thompson, head of insurance at uSwitch.com, has urged insurers to invest heavily in new technology to investigate fraud effectively...
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News
DRI data recovery launch
The DRI Group has launched an insurance-backed data recovery package for desktop computer and laptop users with two further products out before the summer.The company claims the product, underwritten by AXA, is the first of its kind. DRI Group said it was aimed at the commercial and personal lines markets. ...
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News
Investors to pump £5m into RI3K
Consortium acquires 56% shareholding in trading platform for £8.3m
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News
Sirius buy will make SSP No 1
SSP is to acquire Sirius in a deal that will create a software house bigger than market leader Open GI.The combined enlarged group will have a turnover of roughly £64m, of which around 11% would be overseas business. This compares to Open GI's £33.5m turnover.The Aim listed companies will trade ...
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FSA must hit hard to ensure TCF standards
Which? magazine has urged the Financial Services Authority to come down hard on those companies failing to implement adequate Treating Customers Fairly provisions, following the release of the FSA's report into the progress made by financial companies in implementing processes for TCF. Dominic Lindley, personal finance campaigner, Which?, said: “The ...
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Fraud costing insurers £1.6bn per year, says ABI
Insurance companies are being hit by up to £4m per day as a result of fraudulent claims, according to the latest research conducted by the Association of British Insurers. The ABI study reveals that fraud is costing the insurance industry a massive £1.6bn per year, resulting in an increase of ...
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SSP acquires Sirius
SSP and Sirius have agreed to an acquisition deal valuing Sirius at approximately £43.4m.In the UK, the business will have a presence in the areas of general insurance relating to regional brokers, call centres, small intermediaries, major brokers, underwriting agencies and insurance companies, as well as establish a presence in ...
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DCA consults on damages
The Department for Constitutional Affairs has published a consultation paper proposing changes to parts of the civil law on damages today.The paper sets out various issues relating to the law on damages. In particular, it:· includes recommendations for changes to the Fatal ...
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Over 1,500 properties damaged by Kent earthquake
Biba warns SMEs to implement business plans after freak earthquake hits Kent
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C-Zone
Rewards from the reforms
The new reforms for personal injury claims offer opportunities for insurance professionals to make long term gains. Mike Noonan explains
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Insurers count the cost of Kent earthquake
Insured losses from the earthquake which struck Kent in the early hours of Saturday morning are expected to result in tens of millions of pounds worth of insurance claims, while homeowners in the affected area face the prospect of higher premiums.At around 8:18am on Saturday 28 April the largest earthquake ...
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Lloyd's pilots automatic slip checking
Lloyd's considers ways to make it easier for underwriters to ensure insurance contracts are right first time...
