Motor – Page 38
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FeaturesBriefing: Industry ‘nervous’ about potential ‘avalanche of claims’ missing from OIC portal
At long last, the Official Injury Claim portal is here. Insurance Times’s Fraud Charter attendees reveal current concerns with its functionality amid low claims notifications
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NewsUK motor insurers expected to make losses in 2021 and 2022
Premiums are set to drop by 6% this year due to changes in car usage and the whiplash reforms
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NewsRSA outlines product growth ambitions following Intact/Tryg takeover
The insurer wants to be ‘a more dominant force’ within the SME market, according to its UK and international chief executive
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NewsAA provides electric vehicle cover to address motorists' top concerns
By providing whole life assistance to drivers, AA aims to provide ‘power and confidence to electric motoring’
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NewsTaxi driver ordered to pay £42,310 following insurance fraud
A 53-year-old man has been working as a taxi driver, despite claiming that he was unable to work after sustaining injuries in a road traffic accident back in 2007
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NewsGuidewire launches new UBI solution to support insurers
The solution was informed by Guidewire’s experience with multiple usage-based insurance propositions
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IT InterviewGavin Sewell: Honcho keen to create ’plumbing’ for multi-car propositions
The reverse auction marketplace also has plans to focus on partnerships this year
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NewsClaims Excellence Awards finalist 2021 Q&A: Claims settled 66% faster on RightIndem’s platform
The winners were revealed at a free virtual ceremony on 27 May 2021, missed the awards ceremony, watch it here
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IT InterviewCar insurance needs to adapt for ‘changing marketplace for the future’ – LV=GI
Insurers will have to adapt to bring ‘value’ to the consumer beyond insurance, says insurer managing director
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FeaturesFraudsters unafraid to ‘exploit hard times’ for insurance scams
Insurance industry needs more time to understand the ‘ripple effects’ of recession-induced fraud
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News AnalysisMIB establishes working group to understand hybrid injury claims
The working group has a shared vision to avoid any detriment to injured claimants
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NewsLV=GI reveals car claims climb as lockdown restrictions ease
The insurer believes the uptick is connected to the easing of lockdown restrictions
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NewsAviva uncovers escalating GI fraud by organised gangs and chancers
Insurance claims tainted with fraud amounted to more than £113m last year
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FeaturesPrice walking proposals ‘eclipsed’ fair value impact on SME insurance
Brokers still have a lot to discuss ahead of implementing the FCA’s proposals on fair value this year, including considerations around commissions
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NewsSlater and Gordon reveals digital service to help customers pursue injury claims
The law firm’s chief executive says the service’s first product will make it easier for claimants filing personal injury claims by using automation
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NewsThe FCA’s pricing policy changes could be ‘profound’
Abolishing ‘unethical price walking’ could encourage insurers to find ‘more innovative ways’ to ‘rip off’ customers
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FeaturesData enrichment is a ‘great opportunity’ for insurers to ‘sharpen their pencil’
Moving past the pandemic, industry improvements will be data led, says analytics company
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IT InterviewChris Chatterton: Incoming OIC portal is ‘slightly past its sell by date’
Despite describing the motives behind the new portal for whiplash claims as ‘sensible’, handl Group’s chief commercial officer says ‘the vehicle we’ve been given is a bit unfortunate’
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NewsFCA publishes policy statement confirming price walking remedies
Law firm partner says the new rules to tackle price walking give the ‘FCA teeth to enforce the requirements against those companies who have been less willing to change’
