Global insurance trends

2017 Proved a Tough Year for Reinsurance Market, Says Willis Re

With recent catastrophe loss estimates in the region of US$136 billion, 2017 is proving to be one of the worst loss years on record for the global (re)insurance market, according to the latest 1st View […]

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 […]

Investment

M&A Latest: Sedgwick Snaps Up Cunningham Lindsey

The pace of mergers and acquisitions within the insurance sector shows no sign of slowing down, even as the festive break approaches. After Allianz buying Euler Hermes, Aon expanding with Unidelta and GRP buying Anglo […]

Fraud

Stolen Porsche Recovered Using Covert Tracker Device

Theft of prestige vehicles is on the rise across the UK. Some drivers have their keys stolen, others find that complex electronic locking and engine activation codes can be hacked. Either way, many high performance […]

Insurance claims

Liquid Motors Teams Up With WeGoLook on Loss Adjustment via AI

OK brokers, claims management handlers and insurers; let’s imagine a time when you don’t need to send a motor engineer round with a clipboard, to assess the damage to a car, motorcycle or van. Instead, […]

Insurance & Reinsurance

ITS Enhance Telematics Offering with AI Accident Management Features

Recently Insurance-Edge ran a story on dash cam discounts for first time, and younger drivers, which would replace the Black Box’ tech that is currently used in-car. But Telematics is an established platform and there is […]

Artificial Intelligence

Tractable Rolls Out AI Accident Damage App Across Industry

Claims handling is a stressful process, and a poorly handled claim can prompt the typical UK car driver to switch insurers, plus complain right across social media. But the accident management sector is rapidly evolving […]

Artificial Intelligence

Keoghs AI Lawyer Will Speed Up Claims, Cut Costs for Insurers

Keoghs Law has launched Lauri Lawyer, an AI powered virtual legal eagle, which the law firm hopes will prove a game-changer in the claims market. Lauri will initially handle non-litigation cases and Keoghs estimates that […]