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FCA steps up oversight of CMCs

CMCs will be regulated by the FCA from the start of next month

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Fraudulent claims increase by 27% in 2018

According to Cifas, household and motor claims saw the largest increases

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Sedgwick sees increased cyber activity as it announces fraud savings

Sedgwick saved a total of £47m when dealing with its clients’ claims last year

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Brexit and advancing technology inflating claims cost already

Allianz head of claims Graham Gibson also says smaller repair shops may have to succumb to consolidation to survive

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Government sets deadline for decision on Ogden change

The government is starting a review of the discount rate today

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Reinsurer revealed as cover provider for Boeing and Ethiopian Airlines

The reinsurer provided airline manufacturer liability cover for Boeing and was a co-insurer with Ethiopian Airlines

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Ageas confirms closure of Port Solent and Stoke centres

But Ageas has revealed it successfully relocated 80% of staff in Port Solent to another office in Eastleigh

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Driver distraction increases on the road again

Survey shows over 80% of drivers admit to eating, drinking and daydreaming while on UK roads

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Claims Analysis

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​Could a bad Brexit spike business claims?

The ABI warned that failure to agree a deal would only add further uncertainty to both the insurance industry and its customers

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Will the Civil Liability Act succeed where others have failed?

Insurers and brokers should expect a big surge in claims ahead of the latest round of whiplash reforms and, once the new portal comes into place, prognosis shift and an attempt by CMCs to reposition themselves

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Case study: Insuring and repairing a 17th Century house after near-total devastation

Cholderton House was built shortly after the Great Fire of London, but tragedy struck in 2012. With the help of Ecclesiastical, the Wessex manor house has returned to its former glory

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Open insurance – the new concept that could better manage data

Insurers accrue large amounts of data and are always looking at cheaper ways to sort and store it such as blockchain, but sharing data could turn traditional methods on its head for the industry as well as presenting opportunities for collaboration

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