News

Latest news on insurtech, insurance, reinsurance, uk industry insights and opinions, latest Lloyd’s and London market reports, stats and more for brokers, MGAs, insurers and suppliers.

Insurance claims

Crawford joins gig economy with $36m WeGoLook acquisition

7 December 2016 alastair walker 0

Insurance claims management specialist Crawford & Company has stepped into the ‘gig economy’ marketplace with a $36m acquisition for 85% of WeGoLook.

The online and mobile platform based in Oklahoma City, Oklahoma deploys thousands of people from a nationwide network to inspect and verify information, helping clients make real time decisions.
Crawford announced the acquisition of a majority interest as a strategic investment to help it revolutionize, automate and expedite the claim handling process “by utilizing a large mobile workforce for automotive and property inspections.” […]

Global insurance trends

Credit insurer pessimistic on global trade growth

6 December 2016 alastair walker 0

trade and economic growth are becoming increasingly disentangled with 2016 likely to be the first year in more than a decade in which the pace of trade growth fails to match the pace of GDP growth […]

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News

Election 2015: ABI reminds parties of industry priorities

30 April 2015 alastair walker 0

Ahead of the General Election on Thursday 7th May, the Association of British Insurers reminded policymakers of its priorities for the next parliamentary session. Regardless of the outcome next week, the ABI remains focused on ten […]

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Legal

Asbestos lung cancer victims who smoked may see claim values reduce

8 January 2015 alastair walker 0

“The case is of interest to insurers, as the 30% contributory negligence deduction is a higher deduction than those made in Badger (20%), Shortell (15%) and Horsley (20%). Bearing in mind the relatively high value of many such claims, the savings can be significant. […]

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Insurance claims

ABI key facts 2014 reveals £452m paid every day in claims

25 September 2014 alastair walker 0

Revealing a range of data on claims payments and funds under management, the ABI’s latest key facts are led by the figure of £452 million which it says is paid every day to customers in the UK. […]

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Insurance Regulation

Insurers liable for millions in VAT on internal services

17 September 2014 alastair walker 1

Banks, insurers and other financial services firms across Europe face extra VAT costs running into £100 millions in the UK alone, following an ECJ judgment today. The ruling means services supplied between a group’s headquarters […]

Insurance claims

Insurance lawyers warn of discount rate impact in public purse

28 August 2014 alastair walker 0

Insurance lawyers today welcomed news that the Government will address the issue of variations in the Discount Rate, but warned against any alteration which could hit the public purse. David Johnson, the President of the Forum of […]