Personal Lines articles – Page 57
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NewsTractable chosen as US-based insurtech’s AI partner
The insurtech says Tractable was a ‘clear choice’ as it aligns with its mission to deliver world-class technology
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IT InterviewDavid Nichols: Motor claims trends to watch in 2022
Insurance Times catches up with Zurich’s UK chief claims officer to find out what motor claims trends should be on the industry’s radar this year
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NewsAviva inks five-year deal with Basildon-based MGA
The deal builds on the pair’s existing motor and non-standard home partnership
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IT InterviewSimon Jackson: GoShorty plans to raise bar on policy sales and ‘further refine’ broker offering
The insurtech aims to become the dominant player in the market for temporary vehicle insurance
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AnalysisBriefing: OIC portal intention unfulfilled as LiPs still fail to engage with platform
Claims experts confirm that Official Injury Claim portal is not being used as intended, with representation levels high as new process is live tested on claimants
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News‘Stability’ in the immediate aftermath of FCA’s pricing reform ‘is likely to be short-lived’ – WTW
Broker’s head of UK personal lines pricing believes pricing ‘turbulence’ is set to ‘manifest over the next three months’
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NewsPersonal lines MGA appoints new chief underwriting officer
The new hire ‘will play a pivotal role’ in helping the business achieve ‘profitable growth’
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NewsMotor insurance prices hiked following new FCA regulatory reforms
Prices have jumped by more than £100 in the first days of 2022
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NewsAggregator price battles see home insurance premiums fall significantly
Consumer Intelligence updates on home insurance premium figures and trends in last 12 months
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NewsUK motor claims inflation soars amid costly cyclist accidents
Claims expert warns insurers that they face a challenging period ahead
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AnalysisBriefing: Civil justice system is ‘taken for granted’, yet digital reform could be incoming
The chairman of the Justice Select Committee believes digitisation and a focus on single access portals could be the next focus for the civil justice system
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IT InterviewLuisa Barile: Bought By Many set to rival Lemonade as it takes on US market and pet health
The insurtech is now live in 28 states in the US and aims to become a nationwide provider for pet insurance and wellness
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AnalysisRenewal rules require brokers to re-examine proposition and go ‘back to the future’
The motor market is ‘a perfect storm’ ahead of the FCA’s pricing rules coming into effect – brokers will need to focus on ‘agility’ and ‘be service-related’ if they are to succeed post-January
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NewsFlood risk now demands resilience rather than defences as UK switches strategy
Loss adjusting firm flags that ‘the government’s strategy has now changed’ around flood risk, with the onus on individuals and businesses to protect their own properties
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NewsBought By Many’s GWP doubles to £146m
By increasing its staff headcount and not putting employees on furlough, the business was able to cope with the pandemic pet boom
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NewsTicker and Trakm8 join forces on pay-per-mile proposition
The partnership followed a ’competitive trial process’
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AnalysisBriefing: UK needs system that ‘fully incentivises’ ADR
MP and chairman of the Justice Select Committee believes mediation is the future of civil litigation, so the UK must invest in a system that ‘incentivises’ alternative dispute resolution if it wishes to be ‘economic’
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NewsSecond batch of Official Injury Claim portal data confirms early trends
The MoJ has released its second lot of quarterly data, which hints that ’some claimants are unable or reluctant to pursue their claims through the OIC’ portal
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AnalysisPrice comparison websites are not driving fair value for pet insurance products
Although the pet insurance market poses opportunities for insurers and brokers, its challenges more closely align with the health insurance sector, rather than home or motor products
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NewsBGL Insurance and Covéa forge partnership to launch direct motor brand
The collaboration aims to ‘breaks the mould’ of traditional offerings and ‘highlights the strategic growth ambitions of both businesses’, says broker boss
