It's claims Jim, but not as we know it!
Ok, my Star Trek analogy might not be the best, but imagine the scene. Your car's involved in a collision and needs to be repaired. Rather than call your insurer to make a claim, the vehicle communicates directly with your insurer's claims department, the garage and your digital personal assistant to validate the claim and arrange a convenient time for th
The Association of British Insurers’ announcement that motor insurance premiums hit their highest recorded levels at the end of last year is another reminder that change is long overdue in the personal motor market. That’s coming but will it be enough? First up is the Prisons and Courts Bill, which seeks to bring premiums down by around £40 a year by tackling the whiplash epidemic. This will see a
Much of the Ogden discount rate commentary has focused on the impact on motor insurance claims but the reduction has equally serious implications for other lines of liability business. There is little doubt that payments relating to significant injury claims will rise, and that rates may need to rise in order to fund this increased exposure.
In the latest blog from our ParalympicsGB Allianz ambassadors, we hear from defending Paralympic champion in the wheelchair racing, Hannah Cockroft on how she’s always been determined to prove her doubters wrong, going back to her childhood.
In the first of a series of blogs from the ParalympicsGB Allianz ambassadors we hear from defending Paralympic champion in the wheelchair racing, Hannah Cockroft on her preparations for Rio, including how she’s responded to her first defeat in seven years.
At school there was always that stage in the pre-game ritual when 2 captains would pick their players. No one wanted to be left until last. We are starting to see something like this analogy in the Personal Injury ATE insurance market. Pressures on insurance capacity have led to some ATE providers having a selective appetite for writing what I call ‘non- standard’ lines of Personal Injury work.
Statistics released recently by the Office for National Statistics show that cybercrime, including bank and building society fraud, is on the rise. Identity theft is part of this trend and can have major consequences on an individual’s personal life and finances. It is a risk that Home and Legacy are aware of and take very seriously.
As the post LASPO dust starts to settle David Vine, business development manager for Allianz Legal Protection considers the legal landscape - is anyone happy?
Like a lot of people in our industry, I had high hopes of LASPO. It was clear that a minority of unscrupulous claimants were manipulating the motor claims system at the expense of the honest majority.
All of those involved in Claimant Personal Injury work knew post LASPO would be a challenging environment. Less revenue would undoubtedly mean the need for greater efficiency for those staying in the market. In fact, perhaps the most obvious question was whether to go or stay. So for those that have stayed (and for those still unsure) what does greater efficiency mean?
The Cheltenham Festival is the highlight of the jump season calendar and it got me thinking. If the horses running in the Gold Cup were in fact After the Event insurance providers and all the punters in the stands were law firms, which ‘horse’ is the most likely to come out on top?
As the market begins to settle down following the legal reforms surrounding general personal injury, solicitors and insurers are now assessing the positive and negative ramifications of these changes. The spotlight has now turned to what is perceived as another ‘growth area’ - Noise Induced Hearing Loss.