Personal Lines articles – Page 51
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News‘Lots of uncertainty’ remains over OIC portal – Admiral
Some ramifications of the portal are clear, but more time is needed to fully understand others
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NewsBike theft fell significantly in 2021 – Bikmo
The specialist cycling insurer says the drop in bike theft is part of ‘an emerging pattern’
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AnalysisTech savvy new entrants set to shake-up home insurance sector
Insurance Times explores market movements in home insurance following the FCA’s pricing reform and escalating claims inflation pressures
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NewsWhiplash reforms have ‘dampened a rise in claims’ – MoJ’s David Parkin
Plus, the Official Injury Claim portal has not been ‘swamped by CMCs’ as predicted, says deputy director
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AnalysisBriefing: Staged e-scooter accidents are ‘already happening’ and leading to ‘questionable’ claims
With pandemic-related fraud dwindling, insurance fraud experts believe the next emerging risk will come from the insurtech sector
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NewsSabre’s GWP up by 30% despite inflationary pressures
The motor insurance underwriter is confident that its disciplined underwriting strategy will consolidate its core strengths and allow for sustainable growth
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NewsUrban Jungle raises £16.5m in latest series A funding round
The insurtech plans to enter new markets following the funding boost, as well as create 100 new jobs
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NewsGovernment launches £40m self-driving commercial vehicle competition
88% of road collisions caused by human error, according to the transport minister
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NewsAnti-fraud focused OIC portal amendments are vital for the future
The current portal’s set up is a ‘fraudsters’ paradise’, says Carpenters Group director
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NewsAviva enters negotiations with MGA
The proposed acquisition would support Aviva’s ambition to become the market leader in HNW personal lines
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NewsInsurtech Marshmallow launches van proposition widening core market proposition
The new offering widens the insurtech’s core offering and represents another aspect of its continued growth
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NewsRSA chief operating officer moves to head up personal lines business
A senior leadership reshuffle signals the start of ‘RSA’s next chapter’, says UK and international boss
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NewsBrokers set for starring role in future of personal lines
An expert panel at Biba’s 2022 conference discussed the future of personal lines insurance and how brokers can play an important part
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IT InterviewMark Wood: Breaking even a ‘priority’ for Ondo ahead of fulfilling market expansion ambitions
The insurtech has plans to expand into colder climates, using IoT-based detection device to tackle escape of water claims
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NewsBroadway’s chief executive named Biba regional committee chairman
Lloyd-John says his election is an “honour”
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AnalysisGap insurance fraud seeing ‘a huge uptick’
As whiplash claims have become less attractive to potential fraudsters thanks to the Civil Liability Act, could gap insurance become a new problem area?
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NewsDirect Line estimates extreme weather claims to reach £40m
The insurer says these potential claims are within its budget for the year
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AnalysisBriefing: LiPs not ‘disadvantaged’ by OIC process despite industry-wide concerns
Law firm argues that OIC portal process is not a ‘disincentive’ because LiPs are ‘clearly able’ to submit and progress claims
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NewsDirect Line’s premiums slide by 2.4% during Q1 2022
The group put the hit to GWP down to the FCA’s pricing reform, but trading was ’broadly in line’ with its expectations
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NewsNew CRU data confirms continued decline in motor claims
Numbers for motor injury claims are at ‘historic lows’, says ACSO executive
