The Capgemini Research Institute’s World Property and Casualty Insurance Report 2024 reveals the underwriting capabilities of insurers are being restricted. According to the report, only 8% of property and casualty (P&C) insurers are regarded as underwriting “trailblazers”. Trailblazers are categorised as those who are consistently outperforming mainstream carriers by leveraging AI-driven insights and automation to make accurate risk assessments.   Challenges mount for P&C insurers As inflationary pressures hit policyholders’ pockets, there is increased demand for affordabili ..read more

Andrew Wild, head of legal practice at First4InjuryClaims.   Myself and other stakeholders came together last year to discuss our experiences of using the Official Injury Claim (OIC) portal, the service set up to help road traffic accident victims pursue claims as part of the whiplash reforms. Hosted by the Motor Insurers’ Bureau, the in-person roundtables for claimant and defendant representatives, plus other interested parties, provided plenty of food for thought. For the participants, at least. However, recently published minutes from the OIC Advisory Group’s last meeting show that 15 ..read more

Gallagher Bassett, a UK provider of claims and risk management solutions, has announced several new appointments to better serve their employees and clients, while driving sustainable growth. John Fearn, Gallagher Bassett’s current chief client officer, will be promoted to chief operating officer. In his new position, John will play a crucial role in driving operational excellence and fostering collaboration among the various business units within Gallagher Bassett. Richard Fearn, the current Head of TPA, will be promoted to deputy chief operating officer.   Manan Sagar, chief executive o ..read more

Rob Crocker has joined Carbon Underwriting as an active underwriter. He was previously an active underwriter and head of professional lines at Everest Re. He has also held senior underwriting roles with XL Catlin and W. R. Berkley Europe, among others, in a career spanning over 30 years. Rob is a proven expert in professional lines underwriting and brings leadership and insight to his new role. Subject to regulatory approval, Rob will work closely with Carbon’s existing underwriting management team. The team consists of founder and CEO Nick Tye; Carbon founder and chief underwriting officer Ja ..read more

Will Marshall, head of legal and risk management, Altea.   At the height of the Covid pandemic in 2020, it was widely anticipated that UK hospitals, care homes, and their insurers would be flooded with Covid-related legal claims. However, the volume of malpractice claims to date has been significantly lower than predicted. In its latest annual report, NHS Resolution reported that Covid-related claims against the NHS remained ‘lower than expected.’ It may, of course, be that that this is just a slow start to be followed by a more rapid acceleration. Nevertheless, it’s surprising that claim ..read more

Devonshire UW Limited and Devonshire UW Europe GmbH, collectively known as Devonshire Underwriting, has announced their market debut. Led by a quartet of founders and partners—Natasha Attray, James Dodd, James Fletcher, and Charles Turnham—Devonshire Underwriting brings to the table a wealth of experience and expertise in TR solutions, spanning over three decades. “Devonshire Underwriting aims to carve a niche in the TR insurance market by offering innovative, sophisticated solutions,” commented Natasha Attray, partner at Devonshire. Their approach is grounded in a profound understanding of le ..read more

Neglecting the upkeep of your vehicle not only jeopardises your safety on the road but also carries financial implications that could hit you hard in the long run. From invalidated insurance policies to hefty fines, the consequences of driving a car in poor condition can significantly impact your motor premiums. Connor Campbell, an expert at Independent Advisor Car Insurance, underscores the importance of regular maintenance in ensuring both road safety and financial security. He highlights that failing to address issues such as bald tyres or worn-out components can not only result in fines ..read more

Claims Media previously reported on Keoghs’ legal battle with a fraud ring involving a well known retailer. Now that Tesco has been compensated, Claims Media sat down with the barrister who fought the fraud ring in court. Aaron Pulford is a practicing barrister with Cobden House Chambers. He has gained recognition for his work in combatting a notable motor fraud ring working against Tesco. He has played a crucial role in securing exemplary damages for Tesco against 28 individuals involved in fraudulent claims. Pulford’s efforts have resulted in substantial recoveries for the retailer, exceedin ..read more

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