Association of British Insurers (ABI)
Updated rehab code to become operational from December
An updated version of the rehabilitation code has been published that includes a section for lower-value claims and a separate guide for rehab case managers and people who commission them.
Ifed targets household fraud in national operation
The Insurance Fraud Enforcement Department has arrested six people and interviewed a further 42 as part of a nationwide clampdown on fraudulent household insurance claims this week.
UK motor market chalked up collective loss of £31m in 2014
UK motor insurers continued to struggle in 2014, posting a collective loss of £31m, according to analysis by the Association of British Insurers.
IFB to present business case to GIC in November
The Insurance Fraud Bureau is to present its business case to the General Insurance Council on 26 November with work to test the feasibility of identifying organised fraud networks in claims underwriting data expected to start this month (September).
Flood Re regulations moved to next stage at Westminster
Parliamentary scrutiny of Flood Re has been welcomed after the secondary legislation to make the scheme fully operational in time for its launch next year was considered by a House of Commons Delegated Committee yesterday (15 September).
Regulation of MROs championed on both sides of the legal divide
Claimant and defendant lawyers have backed the Association of British Insurers' call to regulate medical reporting organisations working within Medco following concerns that the scheme is being exploited by some users.
Claims down 15% in Q2 as benign winter sees weather losses plummet
The total number of claims dealt with by the insurance industry in the second quarter of 2015 fell by 15% to 311,000, according to figures produced by the Association of British Insurers.
High-tech fraud: Faceless threat
Fraud has gone high tech, with the potential damage that hackers using the internet can cause becoming a real danger. Now the industry is starting to use high-tech methods to fight back.
Quiz of the week - 11 September 2015
It's quiz time. Test your knowledge of the week's insurance news. Let us know how you do by sharing your score on Twitter with the hashtag #postquizscore...
Internet of Things could see insurers become force for good for policyholders
The so-called ‘Internet of Things’ could see insurers become a force for good in society, in effect providing a duty of care to policyholders.
Big data can provide strong retail opportunity for insurers, says Aviva CDO Brem
The increasing analytical capabilities provided by ‘big data’ can provide a strong retail opportunity for UK insurers, according to Aviva’s chief digital officer Andrew Brem.
Editor's Comment: Don't mention the whiplash
The Oxford Dictionary shows the definition of collaboration as the action of working with someone to produce something and I’m sure that this is what the Association of Personal Injury Lawyers’ president was encouraging when he wrote an open letter to…
Medco 'worth it' despite issue with certain business models, claims MoJ
The Ministry of Justice has vowed to “keep working” with the Medco portal, despite outlining issues with “some business models” since the new system went live in April.
Ageas' Watson calls for tripartite reduction to counter compensation culture
A tripartite approach that involves a reduction in the level of general damages, limitation period and recoverable costs is the “only way” to address the so-called compensation culture, according to Ageas UK CEO Andy Watson.
ABI poll shows consumers plagued by bogus insurance claims calls
The Association of British Insurers called for clampdown on rogue claims management companies today (8 September), as a survey shows people continue to be bombarded with nuisance calls and texts encouraging them to seek compensation for injuries they…
Elite follows Helphire in exiting 'commercially unviable' GTA
Elite Insurance Company has withdrawn its subscription to the General Terms of Agreement, with the insurer’s CEO describing the cost benefit of using the agreement as “commercially unviable”.
ABI urges MOJ to regulate MROs in Medco review
The Association of British Insurers is calling for the regulation of medical reporting agencies in its submission to the Ministry of Justice review of the operation of Medco.
Insurers remain at odds with Apil over whiplash figures despite talk of collaboration
Insurers have welcomed calls by the president of the Association of Personal Injury Lawyers for greater collaboration, but have roundly rejected his argument that whiplash claims are on a downward trajectory.
Claims Club: Government missed trick in not mandating on salvage says Thatcham
The government’s recent decision to not mandate a compulsory code for salvage has been labelled a “missed opportunity” by one of those involved in the discussions.
Apil president calls for collaboration on CMCs and young driver safety
The president of the Association of Personal Injury Lawyers wants to “ratchet down the rhetoric” and create greater collaboration between insurers and claimant solicitors by targeting mutual priorities.
Old wounds re-opened as Accident Exchange raises dishonest evidence concerns
Six years after the Autofocus fraud scandal, Accident Exchange is to write an open letter to defendant law firms and insurance companies it believes are engaged in dishonest car hire rate evidence activity.
C-Suite - Broker: Sending a message
Attacks on honest motorists need to stop – and a strong message needs to be sent to fraudsters.
Europe: The impossible comparison of UK regulatory costs with the rest of the EU
Confirmation this June that the Financial Conduct Authority will be increasing fees for insurers and brokers by 8.5% for 2015/2016 has inevitably raised many eyebrows. A particular bugbear is that UK regulatory costs are perceived to be much steeper than…