-
Ageas identifies moped fraud scam targeting van drivers
- 23/07/2024
- Posted by: Alan Feldberg
- Category: News
A new crash for cash scam targeting van drivers has been identified by leading UK motor insurer Ageas. It has warned of moped riders deliberately positioning their vehicles behind reversing vans to initiate a collision and then claiming for damage and injury. The scam was first reported last summer in London [...] -
Claims costs outstripping premiums
- 29/04/2024
- Posted by: Alan Feldberg
- Category: News
Motor premiums rose one per cent in the first quarter of 2024, although average motor claims were up by eight per cent to an average of £4,800 during the same period. This is according to ABI’s Motor Insurance Tracker, which analyses nearly 28 million policies sold every year and the claims paid against [...] -
Vehicle break-ins spike after clock change
- 17/11/2023
- Posted by: Alan Feldberg
- Category: News
Auto Windscreens has seen broken glass claims in all vehicles rise this month, with most claims the result of ‘break ins’. The company said this spike in October is a familiar trend, with numbers also increasing last year after the clocks went back. However, despite this increase as the nights gets darker, [...] -
EV claims up 370%
- 04/10/2023
- Posted by: Alan Feldberg
- Category: News
New research by MotorEasy has revealed a 370% increase in electric vehicle warranty claims over the past three years. While this is partly down to the number of EVs MotorEasy now has on its books, it is also attributable to an ageing EV fleet with more problems starting to emerge. Alongside the increasing volume [...] -
Pay-outs more than £1m shy of market value
- 01/09/2023
- Posted by: Alan Feldberg
- Category: News
New research by GAP insurance provider ALA Insurance has revealed that the average car owner is offered £286 below market value on claims where their car has been written off. ALA analysed over 3,748 claims to show which car makes receive the lowest pay-out based on market value and found that, collectively, [...] -
ACSO questions mixed injury appeal
- 16/06/2023
- Posted by: Alan Feldberg
- Category: News
The Association of Consumer Support Organisations has questioned the decision to allow the Association of British Insurers to appeal a landmark decision about compensation in mixed injury payouts. The decision found that motor claimants should be compensated separately for whiplash and different injuries claimed [...] -
ABI data reveals surge in motor claims
- 08/06/2023
- Posted by: Alan Feldberg
- Category: News
Data from the Association of British Insurers have revealed that payouts for motor claims have risen by 14% in the last year to £2.4bn. This is 11% up on the final quarter of 2022 and the highest amount recorded by the ABI since it started keeping records in 2013. Insurers settled 599,000 claims in the first [...] -
Gap insurance claims up a quarter
- 22/11/2022
- Posted by: Alan Feldberg
- Category: News
New data analysis by Intelligent Motoring has revealed a 24% rise in the value of GAP insurance claims from January to September 2022, compared with the same period in 2021. It is now urging retailers, finance companies and motor organisations to reduce the financial exposure of customers, through the addition of [...] -
New CAPS platform promises better connected digital claims
- 26/10/2022
- Posted by: Simon Wait
- Category: News
CAPS – the Common Automotive Platform Standard – is launching a new and improved platform this month for use exclusively by the collision repair industry in the UK and Republic of Ireland. The new platform aims to bring more performance, connectivity and capacity to power the whole of the insurance motor claims [...] -
Allianz acquires Innovation Group
- 11/10/2022
- Posted by: Alan Feldberg
- Category: News
Claims technology and solutions provider Innovation Group is being acquired by Allianz X, the investment arm of Allianz Group. The deal, subject to regulatory approval, will support Innovation Group develop further technological solutions for the insurance and automotive industries, while also accelerating the [...]