Claims News

Blenheim palace

Inflation-busting building material costs pressure heritage risks

The cost of building materials such as stone is making heritage repairs more expensive

crash

Will new driver restrictions slash claims payouts?

Government proposals are positive news for the insurance industry still reeling from the reduced Ogden rate rise

travel insurance

FCA proposes forcing insurers into signposting customers with pre-existing medical conditions

Proposals - which are out for consultation until September - drew criticism from the ABI

iStock-801647638 church

Inquiry criticises Ecclesiastical for handling of child sexual abuse claim

Advice came to light despite originally being redacted by the insurer

legal law pension fund scheme trustee magazine investment training

Lawyers claim victory on Ogden rate change

Personal injury lawyers say the change to -0.25% ensures injured people receive a fair amount of compensation

motorbike crash

‘Greatly disappointed’ - Insurer blow as government surprises on Ogden rate change

Insurers say the new discount rate announced today will lead to higher costs

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Hiscox shares rocked amid profit warning

Hiscox needs reserve strengthening amid catastrophe claims

Fire truck

Insurers face big claim as Ocado reveals £110m factory fire damage

Online retailer has already had £11.8m payment

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Claims Analysis

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What effect will the Ogden Discount Rate increase have on premiums?

Will the Ogden Rate have a positive or negative effect on premiums, the industry debates both possibilities

Innovation

Five AI insurtechs with a BIG future

Diccon Jefferies, from award-winning innovation agency Tällt Ventures, picks the insurtechs to watch in underwriting, pricing, claims and customer service

New Biba app

How the internet of things is changing the future of insurance

Vodafone head of business development (IoT) Phil Skipper says the future of insurance lies very much in the connected nature of the modern world

labrynth

Brokers reveal biggest challenges to selling cyber cover

With the risk of cyber crime ever increasing and evolving, the threat to UK businesses remains high but cyber insurance uptake is still comparatively low compared to the US, Insurance Times looks at the challenges brokers face selling the product and how to overcome the problem

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