Claims
Whiplash reform shelved in light of general election
The government's proposed whiplash reform has been kicked into the long grass as a result of the general election.
AIG to take $100m hit from Ogden change
AIG expects to record a $100m (£77.9m) hit to its Q1 2017 pre-tax profits as a result of the cut to the Ogden discount rate.
Trade voice: CILA'S Malcolm Hyde on business ethics
Business ethics has become increasingly important in recent years for many reasons, including increased stakeholder scrutiny. This is not surprising in the light of financial institutions’ scandals, the MPs’ expenses scandal and perhaps the influence of…
General election 'could delay whiplash reform for years'
Theresa May’s decision to hold a snap general election could delay the Ministry of Justice’s proposed whiplash reforms for years, campaign group Access to Justice has claimed.
Identity fraud: Trading faces
With almost 173,000 reported cases last year, identity fraud is an ever-increasing problem. Insurers are taking a proactive approach to fight this pernicious problem
Ryan Direct bought by Towergate owners
Ryan Direct Group has been bought by the private equity backers of Towergate, Madison Dearborn Partners and HPS Investment Partners.
Deafness claims 'could become the new whiplash'
The volume of noise-induced hearing loss claims has increased threefold since 2013, figures show.
Blog: Whiplash, discount rate, Vnuk and driverless cars on the road ahead
The Association of British Insurers’ announcement that motor insurance premiums hit their highest recorded levels at the end of last year is another reminder that change is long overdue in the personal motor market. That’s coming but will it be enough?
Blog: IoT 2017 - It's not all about data
As an insurer, understanding the Internet of Things and solutions it offers to our customers is one of our key priorities. But we also know that if we only think about IoT and insurance from one perspective, it can lead to the wrong answer. We need to…
Swiss Re estimates Debbie claims at $350m
Swiss Re has estimated its claims burden from Cyclone Debbie in Australia at around $350m (£278m).
ICA calls for A$200m disaster mitigation funding as Debbie claims rise
As claims from Cyclone Debbie rise to A$660m (£398m) the Insurance Council of Australia is urging the Australian government to increase disaster mitigation funding.
LV to cover reinsurance rate rises with higher premiums
LV will cover any reinsurance price rises as a result of the Ogden rate cut solely through premium increases.
Kieran Rigby appointed as president of Crawford International
Kieran Rigby has been appointed to president of Crawford international, encompassing the UK, Europe, Asia-Pacific and Latin America.
British Insurance Awards: 2017 shortlist revealed
Today we reveal the companies that will be in the running for the 23rd British Insurance Awards at the Royal Albert Hall.
LV takes £139m hit from Ogden cut
LV took an £139m hit to strengthen its claims reserves as a result of the decision to cut the Ogden rate.
Enterprise Act: Paying the price for paying late
With the Enterprise Act coming into force on 4 May, policyholders will now be able to claim damages for late payment of claims. Are insurers ready?
Q&A: David Nayler, British Insurance Law Association
David Nayler took the chair of British Insurance Law Association in October last year, a body whose membership derives from brokers, insurers and legal firms. He has worked at Aon for 11 years, most recently as head of financial and professional, legal…
Blog: Fronting is fraudulent
Policy history data can help insurers detect fronting.
Crash for crash gang sentenced to over 33 years following IFB investigation
A crash for cash gang have been sentence to over 33 years for carrying out a fraud that had the potential cost of £500,000.
Blog: Injured claimants are not lobby fodder
I spent 15 years working for a number of insurance companies before ‘crossing the floor’ to be the managing director of Minster Law, a claimant firm. Whether moving from insurance to the law is a step up the public approval rankings or a step down is a…
Blog: Next Gen Claims - a perfect storm is looming
Why insurers that recognise and understand the implications of the digital and data revolution will lead the way in building new claims capabilities, stealing a march on competitors.
Nat cat losses cost insurers over $2bn in March alone, says Aon
Global natural disaster events could impact insurers with a $2bn (£1.6bn) hit over March, according to impact forecasting from Aon Benfield.
Making Winners work: African farm insurance
The Winners Project aims to provide a long-term-solution to the threat of extreme weather for farmers in Africa
Trade credit claim rise 'no need for concern' experts say
The sharp rise in claims paid to businesses due to non-payment is “no need for concern”, experts have claimed.