In a lighthearted piece of research elephant.co.uk has established that drivers carrying the surname Clark make the most car accident claims. Allen and Lewis follow on, with motorists named Green, Watson, Stewart and Jackson also high on the list. According to the online insurer, Clarks are 10% more likely than the average driver to be found completing an accident …  Read More →

The Association of British Insurers (ABI) has applauded the implementation of Ministry of Justice reforms aimed at speeding up road traffic accident personal injury claims. The reforms apply to claims valued at between £1,000 and £10,000, or almost 80% of all motor personal injury claims. The insurers’ body has been campaigning for a simpler, speedier and more cost-effective system for some time and the changes, introduced last week, should... 

Pitney Bowes Business Insight (PBBI) has launched a new product aimed at making rates and claims decisions faster and more accurate. Risk Data Suite combines geospatial datasets and historical information on a variety of perils including flooding, subsidence, crime and arson. It has the ability to analyse this data via PBBI’s MapInfo Professional location intelligence and mapping software, creating an integrated, location-specific view of potential... 

Motorists with five year old cars are the most likely to make a claim on their car insurance, according to research by Virgin Money. The insurance provide found that 9.6% of all claims were from drivers with five year old cars. This compares to ten year old cars, which account for just 6% of claims, and cars less than one year old, which account for a mere 2% of claims. Virgin Money also found that cars between three and six years old account for... 

Guidewire Software® has announced the launch of its new Claims Performance Monitoring™ tool as part of the upgrades to end-to-end claims system Guidewire ClaimCenter® 6.0. With Claims Performance Monitoring™ insurers will be able to see metrics measuring claims operations performance in real time. Claims personnel can enjoy auto-tracking of claims by using insurer-specific claim metrics, high risk indicators and claims summary screens. Claims... 

The cost of damage caused by last November’s flooding in Cumbria has topped £200 million. According to the Association of British Insurers (ABI), its members have handled 36,000 flood and storm damage claims totalling an estimate £206 million, with 60% of the sum relating to business damage. Interim payments made by insurers to homeowners and firms have ranged from £250 to £400,000, and alternative temporary accommodation has been necessary...