News
L&G Pays Out £797m on Protection Claims
The latest from L&G; Legal & General paid out a record 46 personal protection claims every day in the UK during 2021, totalling £797.9 million – an increase of £33.9 million from 2020 – and […]
claims
Insurance claims
Still a Long Way To Go On Digital Claims
Lightico, digital completion pioneer, has shared the Digital Insurance Report 2022 which details consumer experiences, attitudes and expectations for their insurance provider. The report, which surveyed 1,385 US adults, revealed that 45% of insurance claims […]
Motor Insurance
Beesafe Using AI To Assess Vehicle Damage
Beesafe, part of the Vienna Insurance Group (VIG), is to use Artificial Intelligence (AI) to create damage valuations and to generate an offer of immediate payment on damaged vehicles in Poland. To do this, Beesafe will […]
Insurance claims
Exaggerated PI Claim Thrown Out
A retired scrap metal dealer has had his £1.1m claim dismissed in full after an investigation carried out by Admiral Insurance and Horwich Farrelly found the claimant to be a liar who fabricated evidence to […]
Global insurance trends
New Shipping Claims Report From Allianz Global
The international shipping industry is responsible for the carriage of around 90% of world trade, so vessel safety is critical. The sector continued its long-term positive safety trend over the past year but Russia’s invasion […]
InsureTech
US Market: Guidewire Expands Their Marketplace
Guidewire (NYSE: GWRE) and Bdeo Technologies S.L (Bdeo) announced that Bdeo’s new Ready for Guidewire accelerator for Guidewire ClaimCenter is now available in the Guidewire Marketplace. According to McKinsey & Company, Artificial Intelligence (AI) will help transform the insurance industry, including property and […]
Conference report
BIBA Show: New Coverdrone Scheme Launches
BIBA has launched a new member scheme to insure operators of drones, both commercial and recreational. The new scheme from Coverdrone offers BIBA members full access to their products enabling them to offer niche insurance […]
technology
Acies SME & Previsico Launch Predictive Flood Alert Service
Acies SME UK MGA, a UK-based tech-focused MGA, today announced a partnership with Previsico, the live flood alert InsurTech. This partnership creates the first Property Insurance policy to offer a preventative alert service for UK […]