ABI reaction to new Ogden rate
Insurance claims

Claims: Whiplash Payments Are `Derisory’ Says CILEX

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 […]

News

Cowbell Survey Reveals Lack of Cyber Prep Across SME Sector

The word from Cowbell, as their research reveals many smaller businesses in the UK are relying on luck when it comes to preventing cyber attacks. As the recent outages at Sainsbury’s and Tesco highlight, an […]

Opinion

How Insurers are Tightening their Grip on Claims Management for Better Business Outcomes

This piece is by Phillip McGriskin, Chief Executive Officer, Vitesse PSP. It looks at how insurers can retain control and visibility over their claim funds even when they’re delegated to third-party administrators. Insurers are playing […]

Insurance Regulation

FCA Payment Regulation in Focus at London Event

Some feedback from a payments regulatory event held in London; The regulator is unlikely to display leniency towards inadequately prepared payments and e-money companies, according to insights shared by fscom at a major industry event […]

Insurance Regulation

Bloomberg Notes Insurer’s High Interest Payment Plans

As IE pointed out recently, the FCA statement on premium rate motor leasing finance holds hard lessons for insurers too. Those who are currently enjoying charging as much as 45% interest on monthly instalment plans […]

Opinion

Extended Reality: Delivering The Future in Banking, Finance and Insurance

In this piece, Nguyen Hoang Trung – Senior Vice President, Deputy CFO cum Managing Director of the Financial Services Solutions Group at FPT Software, looks at the future of insurance marketing online. It’s a virtual […]

InsureTech

Deals: Insly Aquires Insurance Arm of TubaPay

As embedded insurance becomes more common, plus distribution platforms digitally separate the various elements of cover, payments systems are going to be more important for insurers, brokers, MGA – everyone in the chain. Payments are […]

Technology

SAS Research Finds Consumers Want More Support on Fraud

Here are some useful findings from SAS, after they commissioned a sample of 13,500 people – much higher numbers than the usual 1200-1900 range. The results are interesting for insurance brands as they show a […]