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UK insurers urged to exploit digital
- 08/07/2015
- Posted by: Simon Wait
- Category: News
Only those insurers who are agile and flexible enough to reshape their business to suit the digital and economic challenges will succeed, according to Innovation Group’s ‘The Future Now Report - All change for the UK motor insurance industry’, which was published today. Four significant shifts - regulation, [...] -
Millennials Prefer Backseat Driving
- 08/07/2015
- Posted by: Simon Wait
- Category: News
A new report from Key Note ‘Motor Insurance (Consumer) 2015’, suggests that Millennials prefer to be driven as opposed to driving themselves, despite the recent fall in motor insurance premiums. According to the report net written premiums have fallen by 15.9 per cent between 2011 and 2014. There are a number [...] -
Fraudulent insurance claims increasing
- 08/07/2015
- Posted by: Simon Wait
- Category: News
Cash for crash’ and organised fraud are causing the number of spurious insurance claims to increase, according to new figures from Aviva. Around 14,000 fraudulent insurance claims worth £95million were made in 2014, this is the equivalent of 39 false claims being registered every day. It is estimated that one in [...] -
Cold callers encouraging false claims
- 06/07/2015
- Posted by: Simon Wait
- Category: News
One of the UK’s largest accident claims companies is encouraging customers to exaggerate injuries for profit, an undercover investigation by the Sunday Times has revealed. Staff at Complete Claim Solutions (CCS), which makes more than 7m cold calls a year, encourage motorists to make false personal injury claims [...] -
Insurance firm destroys car without consent
- 06/07/2015
- Posted by: Simon Wait
- Category: News
An insurance firm reportedly destroyed a customer’s car without his consent after it was damaged in an accident, the car was a gifted to the man by his late wife, the Mirror reports. The 1996 Saab 900 was badly damaged in an accident in December and the customer, Greg, advised the insurance company the car had [...] -
Blue Insurance expansion announced
- 03/07/2015
- Posted by: Simon Wait
- Category: News
Blue Insurance is to create 100 jobs over the next 18 - 24 months as part of the company’s expansion into the personal lines and international insurance market. The company will be employing staff across the areas of customer services, IT development, junior management and administration in their Dublin office, [...] -
Why age affects insurance premiums
- 02/07/2015
- Posted by: Simon Wait
- Category: News
The Association of British Insurers has published new data today which shows why age is an important factor in deciding premiums for motor insurance policies. The data shows the average premiums that customers of different age groups pay for their car insurance, compared to the cost of the average claim they [...] -
Gallagher Basset buys Countrywide Accident Assistance
- 01/07/2015
- Posted by: Simon Wait
- Category: News
Gallagher Bassett International (GBI) has acquired CAA (Countrywide Accident Assistance Ltd). CAA provides motor first notification of loss (FNOL) and third party administration (TPA) services to insurers, brokers and commercial clients across the UK and is renowned for the market‐leading functionality and [...] -
Motor fraudsters getting more sophisticated – Keoghs
- 01/07/2015
- Posted by: Simon Wait
- Category: News
Motor insurance fraudsters are getting more sophisticated, according to the new annual motor fraud index published by Keoghs, the Insurance Times reports. This is the seventh fraud index survey produced by the claims related legal services firm and it shows that while the top fraud hotspots remain the same, there [...] -
Saga completes motorbike insurer acquisition
- 01/07/2015
- Posted by: Simon Wait
- Category: News
Bennetts, one of the UK’s leading motorcycle insurance specialists, has today become part of Saga plc, following the completion of the £26m deal to purchase the brand from BGL Group, as announced in January. The company provides policies to over 220,000 British motorcyclists and will continue to trade under the [...]