LV updates claims system with deal

lv

LV has appointed Guidewire Software as the provider of its new claims handling platform for its home and motor insurance lines.

In a joint statement, the companies said that Guidewire Claim Center - an end-to-end claims system that manages the claim lifecycle from first notification of loss through settlement, litigation, and

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Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

Stephen Wallace, McLarens

Steven Wallace is managing director of EMEA for global claims services provider McLarens and is the current president of the Chartered Institute of Loss Adjusters.