Times are changing in Scandanavia, where a high trust society is being replaced by something different. As many transactions are now 100% digital, it’s something that all insurers should be aware of and deploy tools […]
Over 8 billion sterling in IPT tax, but are consumers getting much in return? The insurance industry often has to financially support vehicle theft and uninsured driver investigations by the Police. Then there’s organised “chop […]
Following on from IE’s coverage yesterday on consumers using credit cards to pay premiums, here’s some extra data from FICO on the same topic. In future the FCA may cap interest rates on monthly plans […]
A special tax on taking personal responsibility and doing the right thing is a bizarre concept. But that, in a nushell, is IPT. Other taxes are supposedly a punishment for smoking, drinking, driving in a […]
Some thoughts on PI compensation rates from APIL; Assumptions about how severely injured people invest their compensation do not reflect reality and must change ahead of the forthcoming discount rate review, APIL has warned the […]
Some thoughts on the whiplash compensation levels, from CILEX; Compensation awarded for pain, suffering and loss of amenity (PSLA) in whiplash cases is “derisory and unfair” and fails to fully compensate claimants, says CILEX (the […]
Ecclesiastical Insurance’s claims team detected over 230 cases of fraudulent activity during 2023, including cases of claims submitted for alleged slips, trips and falls on premises ranging from hotels, educational settings and heritage properties, which […]
It generally rains quite a lot in the UK, but the last month or so has seen some especially heavy rainfall, in particular areas. Does this increase the flood risk? Yes, of course, since drain […]
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