Saga, DLG, Admiral, Sabre- many carriers, cuts forecasts as inflation drives up cost of claims
70% or more of an insurer's costs are incurred in claims operations and payments and as claims inflation hits carrier's profits hard...
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E-scooter and e-bike lithium-ion battery fire claims spark losses of over half a million pounds – Axa UK
Axa UK has revealed that two large claims associated with lithium-ion batteries in an electric scooter and bike has resulted in a loss of...
Speed of settlement, customer satisfaction and AI
Accenture's 2022 report "Transforming Claims and Underwriting with AI" contains some fascinating insights. Covering 6,754 auto and...
LV=GI reveals car claims climb as lockdown restrictions ease
Motor claims have increased by 30% in the last month, compared to the beginning of 2021, according to new data from LV= General Insurance...
Does your claims system automate workflow and link together all the parties in your supply chain for customers?
Short and to the point from Andrew Peet. If the answer is no you are missing a critical key for world-class claims management....
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