Tag Archives: Insurance

ABI calls for national cyber database

The ABI is today calling for a national, anonymised database recording details of cyber incidents at businesses to be established in order to help the UK become a world leader in cyber insurance. The not-for-profit database would contain details of cyber incidents including business interruption losses, ransom demands, loss of confidential data, and damage to IT systems. Building on the […]

Accidents set to drop by 80%

The number of crashes is set to drop by 80% by 2035 according to a high-level panel discussion organised by Volvo Cars and Thatcham Research. The panel discussion will discuss how the multi-billion pound motor insurance industry faces a period of radical restructuring as a result of the advent of autonomous driving cars, with accident levels set to reduce and […]

Ageas UK confirms leadership appointments

Ageas has announce a number of key internal leadership appointments in its Retail business, reporting to Ant Middle, CEO, Ageas Retail, from 1 January 2016. Adam Clarke will become managing director for Ageas Retail Direct, the business responsible for the Ageas-owned brands RIAS and Castle Cover. Adam takes up this important role following the departure of Peter Corfield earlier in […]

Impact of Driverless Cars presentation

A discussion on the ‘Impact of Driverless Cars on Logistics and Insurance’, plus new Business Models and related case studies will be presented during the second edition of Frost & Sullivan’s GIL 2015, in Monaco on 23 October 2015. Disrupting unsustainable business models is the only way to survive and thrive in the current economy. Many companies are at a […]

Motorist’s potentially driving uninsured

Millions of motorists could potentially be driving with invalid insurance, or far lower cover than they believe to be in place, according to new research from Churchill Insurance. Over a third (35 per cent) of people with a UK driving licence think that if they have a fully comprehensive car insurance policy they can drive any vehicle with the same […]

UK watchdog plans yardstick for insurance policies

Reuters reports that British insurance firms may be forced to publish their average payouts and claim acceptances to help consumers decide if policies offer good value under proposals floated by the market regulator on Wednesday. A study by UK regulators in 2013 found that inadequate competition was leading to 108 million pounds annually in overpayment for general insurance ‘add-on’ policies. […]

Volvo cuts accident claims by 28%

One of the most comprehensive scientific studies performed on collision avoidance systems in cars reveals that Volvo Cars’ standard City Safety technology reduces insurance claims for rear-end frontal collisions by 28%. Based on real-life accumulated insurance claims data from the Swedish insurers If and Volvia, the study of City Safety performance conclusively reveals the real-life value of auto braking collision […]

Drivers ignorant to foreign rules

New research from Gocompare.com Car Insurance has found that British drivers have a worrying lack of knowledge of EU road laws, which could land them in hot water when driving abroad. In a recent study, the comparison site found that though two in five (39%) motorists are planning a foreign driving holiday this year, only half (50%) of drivers say […]

Insurance insider investigation sees three arrested

An Insurance Fraud Enforcement Department (IFED) investigation into the suspected fraudulent sale of an insurer’s confidential customer information has seen three people arrested across Bournemouth and Poole. The City of London Police unit took action after LV= referred suspicions that, between January and December 2014, an employee had unlawfully passed information they held on 50 third party road traffic collision […]

Insurance website corrupter sentenced

A Liverpool man who manipulated an insurer’s website to get £10,000 worth of car insurance for just £10 has been sentenced. Callum Mullen had previously been found guilty of two counts of fraud by false representation at Liverpool Crown Court, following an investigation by the City of London Police’s Insurance Fraud Enforcement Department (IFED). The 33-year-old (DOB 02/06/81) had gone […]

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