MOTOR – Page 34
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News
Guidewire launches new UBI solution to support insurers
The solution was informed by Guidewire’s experience with multiple usage-based insurance propositions
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IT Interview
Gavin Sewell: Honcho keen to create ’plumbing’ for multi-car propositions
The reverse auction marketplace also has plans to focus on partnerships this year
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News
Claims Excellence Awards finalist 2021 Q&A: Claims settled 66% faster on RightIndem’s platform
The winners were revealed at a free virtual ceremony on 27 May 2021, missed the awards ceremony, watch it here
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IT Interview
Car insurance needs to adapt for ‘changing marketplace for the future’ – LV=GI
Insurers will have to adapt to bring ‘value’ to the consumer beyond insurance, says insurer managing director
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Features
Fraudsters unafraid to ‘exploit hard times’ for insurance scams
Insurance industry needs more time to understand the ‘ripple effects’ of recession-induced fraud
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News Analysis
MIB establishes working group to understand hybrid injury claims
The working group has a shared vision to avoid any detriment to injured claimants
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News
LV=GI reveals car claims climb as lockdown restrictions ease
The insurer believes the uptick is connected to the easing of lockdown restrictions
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News
Aviva uncovers escalating GI fraud by organised gangs and chancers
Insurance claims tainted with fraud amounted to more than £113m last year
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Features
Price walking proposals ‘eclipsed’ fair value impact on SME insurance
Brokers still have a lot to discuss ahead of implementing the FCA’s proposals on fair value this year, including considerations around commissions
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News
Slater and Gordon reveals digital service to help customers pursue injury claims
The law firm’s chief executive says the service’s first product will make it easier for claimants filing personal injury claims by using automation
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News
The FCA’s pricing policy changes could be ‘profound’
Abolishing ‘unethical price walking’ could encourage insurers to find ‘more innovative ways’ to ‘rip off’ customers
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Features
Data enrichment is a ‘great opportunity’ for insurers to ‘sharpen their pencil’
Moving past the pandemic, industry improvements will be data led, says analytics company
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IT Interview
Chris Chatterton: Incoming OIC portal is ‘slightly past its sell by date’
Despite describing the motives behind the new portal for whiplash claims as ‘sensible’, handl Group’s chief commercial officer says ‘the vehicle we’ve been given is a bit unfortunate’
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News
FCA publishes policy statement confirming price walking remedies
Law firm partner says the new rules to tackle price walking give the ‘FCA teeth to enforce the requirements against those companies who have been less willing to change’
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News
Claims Excellence Awards finalist 2021 Q&A: Cazana’s Companion tool gives vehicle claims teams the ‘full picture’
The winners will be revealed at a free virtual ceremony on 27 May 2021, but delegates need to register in advance
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News
Claims Excellence Awards finalist 2021 Q&A: Entegral aims to ‘reinforce best practice and reduce repair costs’ with tech solution
The winners will be revealed at a free virtual ceremony on 27 May 2021, but delegates need to register in advance
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News
Syndicate 1856 to underwrite new business lines amid multi-line transformation
ERS’s group chief executive says that ‘the current environment has created a hardening market with reduced capacity’
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IT Interview
Mike Brockman: The future of telematics provides an ‘opportunity for brokers to flourish’
ThingCo founder and chief executive believes telematics can ‘enhance’ customer relationships and help stamp out fraudulent claims
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News
Majority of motor insurers face challenges when offering UBI products – By Bits
The SaaS insurance platform’s founder and chief executive says most barriers can be ‘easily addressed’
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News
Side hustle spike causes motor claims concern - ThingCo
Delivery driving, in particular, carries a greater amount of risk than vehicles insured for social, domestic and pleasure purposes