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Aviva introduces AI to claims
- 27/04/2022
- Posted by: Alan Feldberg
- Category: News
UK insurer Aviva has signed an agreement with Tractable to improve the accuracy and efficiency of UK motor claims by using artificial intelligence (AI). Tractable develops visual AI to aid in the repair of cars and homes by using photos to assess damage enabling the accurate calculation of repair costs within [...] -
Motor premiums down to 2016 levels
- 04/05/2021
- Posted by: Alan Feldberg
- Category: News
The average price motorists paid for their motor insurance in the first quarter of 2021 fell to its lowest level since 2016. According to the ABI’s latest Motor Insurance Premium Tracker, the average price paid for comprehensive motor insurance in the first quarter of this year was £436. This was down £32 on [...] -
Rebuilding Trust In Insurance (webinar)
- 22/04/2021
- Posted by: Simon Wait
- Categories:
A panel of industry figureheads will share their expertise and first-hand experience on how insurers are trying to rebuild trust in the industry following a tumultuous 12 months, and how they are planning to use the disruption to reshape the customer-insurer relationship for the [...] -
ABI calls for national cyber database
- 23/05/2016
- Posted by: Simon Wait
- Category: News
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 [...] -
Accidents set to drop by 80%
- 03/05/2016
- Posted by: Simon Wait
- Category: News
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 [...] -
Ageas UK confirms leadership appointments
- 02/12/2015
- Posted by: Simon Wait
- Category: News
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 [...] -
Impact of Driverless Cars presentation
- 30/07/2015
- Posted by: Simon Wait
- Category: News
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 [...] -
Motorist’s potentially driving uninsured
- 14/07/2015
- Posted by: Simon Wait
- Category: News
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 [...] -
UK watchdog plans yardstick for insurance policies
- 25/06/2015
- Posted by: Simon Wait
- Category: News
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 [...] -
Volvo cuts accident claims by 28%
- 11/06/2015
- Posted by: Simon Wait
- Category: News
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, [...]