‘It’s clear that reinstatement costs remain on an upward trajectory,’ says industry expert
The FCA has raised concerns that referral fees in the motor market can drive up the lifecycle and cost of claims – however, market participants are tight-lipped about next steps for this model
Although insurers remain wary of subsidence claim surges over the British summertime, certain types of subsidence claims could pose a reputational risk depending on their cause
‘These new model clauses reduce the risk of claw-back payments, which can take years to sort out,’ says head of technical underwriting
Insurance Times rounds up the biggest exclusive stories from 28 July to 1 August 2025
Improved data models could prove vital in dismissing postcode generalisations and providing a more granular basis for underwriting
Price comparison site estimates that policyholders may have missed out on £16.7m of claims payouts due to smoke alarm negligence
’JLR deserve huge credit for security upgrades which are apparently highly effective in deterring the professional criminals who target new cars,’ says technical director of motor
‘Our latest figures emphasise the vital protection insurance continues to offer people and businesses,’ says head of general insurance policy
’Equipped with a deep understanding of the key drivers behind a positive claims experience, I’m looking forward to highlighting those capabilities in Gallagher Bassett’s offering,’ says appointee
‘If the industry does not adapt, we risk widening the gap between pricing assumptions and actual claims costs, which can erode trust with policyholders and limit commercial growth,’ says head of carrier and market relationships
‘London is especially vulnerable and the UK now leads Europe in phone theft claims,’ says managing director
‘There’s no question that June’s rise in claims marks a shift in momentum’, says head of commercial
In particular, claims journeys appear to be causing customer dissatisfaction, says market intelligence firm
’We had reached a tipping point with more demand for our products than we were able to meet. This additional capacity will take the shackles off,’ says chief underwriting officer
‘Businesses with multiple premises may have separate limits and sublimits of indemnity,’ says law firm partner
‘A single bad claim can completely erase a long-term price advantage,’ says chief executive
’Transparency in claims handling is paramount, fostering trust and demonstrating a genuine commitment to customer well-being,’ says head
During softer market conditions, service becomes an even more important differentiator – but still too many firms are failing to focus on service as an important commercial USP
’Insurance provides peace of mind but people must be confident they can get a fair deal and be treated right when the worst happens,’ says deputy chief executive