GRiD figures reveal value of employer-sponsored group life insurance payouts...
Employer-sponsored group life insurance policies paid out almost £100 million in 2020 to cover Covid-19 claims, according to Group Risk Development (GRiD), the industry body for the group risk sector....
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Insurance claims appointments: Cobalt Solutions, IMS, Thompsons Solicitors
Steve Molloy has joined Cobalt Solutions, IMS has appointed Paul Stacy and Thompsons Solicitors has brought in a new senior manager—read about all the latest appointments in the insurance claims sector...
View ArticleKennedys IQ introduces AI technology to end-to-end portal claim management...
Kennedys IQ, the technology company from law firm Kennedys, has taken its solution for compensators to the next level by using artificial intelligence (AI) to assess medical evidence and recommend a...
View ArticleFCA reveals value of business interruption claim payments made after test...
The Financial Conduct Authority (FCA) has revealed that approximately £472 million has been paid out in interim and final business interruption claim payments following the Supreme Court’s ruling on...
View ArticleDAC Beachcroft and Aviva conclude 2,000+ fraudulent motor claims in 2020
DAC Beachcroft’s counter fraud team helped Aviva Insurance avoid paying out more than £12 million on fraudulent motor claims last year. The DAC Beachcroft motor fraud team investigated and concluded...
View ArticleCazana works with Somerset Bridge on new automotive data
Cazana, data provider to the insurance sector, is working with claims handling company and managing general agent Somerset Bridge to improve its understanding of its motor book. Typically a provider of...
View ArticleLloyd’s reports £900 million loss for 2020
Lloyd’s has reported an aggregated market loss of £900 million for 2020 (2019: £2.5 billion profit), including net incurred Covid-19 losses of £3.4 billion after reinsurance recoveries. Throughout...
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Insurance claims appointments: Sedgwick, Allianz, MIS, McCarron Coates
Sedgwick appoints head of fraud data, Allianz Insurance names new head of Milton Keynes claims handling centre, McKenzie Intelligence Services recruits head of product, and McCarron Coates strengthens...
View ArticleSedgwick partners with John Lewis to offer claims solution for home insurance
Sedgwick has struck a new strategic partnership with John Lewis to provide an innovative claims service for its new home insurance product. The strategic collaboration will set new standards for John...
View ArticleMB&G Insurance Services implements DWF 360 claims management technology
Insurance and warranty provider MB&G Warranty Insurance Services has chosen DWF 360’s claims management software, EvoClaim, to improve its customers’ end-to-end claims journey. MB&G is a...
View ArticlePremium Choice chooses ThingCo for new telematics proposition
Independent insurance broker Premium Choice is planning to exploit next-generation telematics technology, including Amazon Alexa-powered Voice, to support the launch of its first dedicated insurance...
View ArticleMoneySuperMarket reports sharp drop in cost of car insurance premiums
Car insurance prices have fallen sharply to reach their lowest point since 2014, according to new research from MoneySuperMarket, with experts putting the drop primarily down to the significant...
View ArticleRAC Insurance sets up in-house personal lines broker
RAC Insurance has set up its own in-house insurance intermediary in an important step towards fulfilling its ambition of exceeding £300 million personal lines gross written premiums (GWP) by 2023. RAC...
View ArticleSedgwick study reveals resilience measures will cut the cost of flood claims
Sedgwick and the University of the West of England have released the findings of a study into the cost and duration of flood damage claims. The Flood Re-funded study, which aims to enhance the evidence...
View ArticleLV= GI launches new ethical standard for its branded bodyshop repair network
LV= General Insurance (LV= GI) has launched a new ethical standard for its branded bodyshop repair network. As the first of its kind in the car insurance industry, the Green Heart Standard has been...
View ArticleAon provides supply chain protection for global Covid-19 vaccine shipments
Aon has introduced a new solution, through broad industry collaboration, that will provide supply chain protection for global Covid-19 vaccine shipments. The solution provides transparent cargo...
View ArticleRAC extends CPP Group partnership and adds breakdown to Acturis
The RAC has extended its partnership CPP Group UK. Alongside its existing suite of services, CPP has been chosen to provide ancillary insurance services for the RAC’s car telematics and van protection...
View ArticleUK car insurance premiums down by 14% in last 12 months
Comprehensive car insurance premiums have fallen by 14% (£87) since Q1 2020, with UK motorists now paying £538 on average, according to the latest Car Insurance Price Index. This is the biggest annual...
View ArticleCII presidents unite to explore unmet needs
The Chartered Insurance Institute (CII) has created a president’s forum to explore customer needs that are not currently being fully met by the insurance profession. Current president of the CII, Julie...
View ArticleAllianz reveals insurance fraud reached £65.8m in 2020
Allianz Insurance detected a record £65.8 million worth of insurance fraud in 2020, as it took on claims farmers, rogue loss assessors and organised crime. The fraud savings were higher than the...
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