Artificial Intelligence

AI is Changing Every Aspect of Insurance Sector, Says New Allianz Report

The widespread implementation of Artificial Intelligence (AI) applications brings many advantages for businesses such as increased efficiencies, fewer repetitive tasks and better customer experiences. However, in the wrong hands, the potential threats could easily counterbalance […]

Fraud

Friends: The One Where They Staged a Crash For Cash

The rise of ā€œCrash for Cashā€ scams has been a growing problem over the past few years. Criminals orchestrating accidents, in order to fraudulently claim, cost the car insurance industry Ā£336 million pounds each year, […]

Motor Insurance

Surge in 4X4 Crashes Caused By Beast From The East

Accidents involving 4x4s soared by 37% last week as the ā€˜Beast from the East’ battered Britain, according to analysis byĀ Accident Exchange. The upsurge of 4×4 vehicle accidents – which weren’t their fault (non-fault) – of […]

Motor Insurance

Snow and Cold Weather Prompts 50% Spike in Motor Claims

Co-op Insurance is warning motorists to take extra care on the roads this week as it’s revealed that the business saw a 50% increase in motor collision claims on Sunday. Furthermore, Co-op’s latest claims data […]

Artificial Intelligence

Insurers Offer 10-Point Plan for Driverless Cars

Driverless vehicle tech is on its way, there’s no doubt about that. But the thorny question of who is to blame when an accident occurs is something the UK insurance idustry – and the government […]