Which Brokers Impressed Gracechurch With Their Covid Service?

Gracechurch the independent insurance research consultancy, has awarded its coveted Service Quality Marque to only two insurers out of 14 in 2021, following a year in which the market’s service ratings dropped significantly.

The study among specialist claims brokers who serve UK small and medium businesses, recorded a 60% drop in satisfaction compared with 2019. Covid-related claims, slow responses and poor communication were cited as the main issues.

Satisfaction with the handling of Covid-related claims was very low with 37% of brokers rating it poor, 36% neutral and only 27% positive.

Ben Bolton MD of Gracechurch:

“Covid and changed working circumstances resulted in increased volume of work and pressure of enquiries on claims’ teams in 2020; at the same time insurers were declining some Business Interruption (BI) claims and there was a customer backlash, which brokers had to manage. Many insurers saw service ratings collapse as they struggled to manage the situation. Chubb and Allianz however shone out as having maintained speed of service and excellent communications with brokers, despite the pressures their teams were under:  this shows that quality service doesn’t just happen by accident – it’s the result of planning, investment and great execution.”

Gracechurch also points to the way in which technology helped improve service through the pandemic:

“Our analysis shows clearly that claims information ‘self-serve’ claims portals were hugely beneficial in helping brokers to keep customers informed about claims status, and created time for claims handlers to manage more complex issues in person. The effective combining of humans and technology will be one of the big lessons for insurers out of the pandemic. Claims technology isn’t a nice-to-have anymore, it’s essential to remaining competitive.”

About alastair walker 6125 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.