ILC ARTICLE

ILC Breakfast News – Wednesday 13 December

13th December 2022

Motor

Queen of the Jungle football star set for Motor Lunch

Winner of multiple honours with Everton and Manchester City; part of England’s UEFA Women’s Euro 2022 championship winning squad; two-time Olympian; and now Queen of the Jungle – football supremo, Jill Scott MBE will be special guest the ILC Motor Networking Lunch 2023.

AA Assist unveils digital solution for uncertain drivers

New research has revealed that motorists are unsure who to contact in the event of a collision that they can drive away from.

This comes after the AA reported a 135% increase in calls for help between the first weekend of December and the second, when temperatures plummeted and driving conditions were hazardous.

Verisk explores OIC impacts

The need for industry-proven, end-to-end solutions that ensure full connectivity with the Official Injury Claims (OIC) portal ‘out of the box’ has been highlighted by Verisk.

In an article exploring the impacts since the introduction of the portal, Verisk said, “It has become increasingly clear that piecemeal systems or processes to deal with claims submitted through the OIC portal are no longer a suitable substitute for true application-to-application (A2A) connectivity and the follow-on benefits it brings.”

Copart welcomes green news

Copart has welcomed a new report that has revealed the extent the UK repair industry is adopting green parts.

The report found that 79% of bodyshops who responded to the survey said they had used reclaimed parts for environmental, economic and supply chain reasons.

Aviva won’t leave EV drivers stranded

Aviva has enhanced support for EV drivers by announcing that RAC recovery experts will attend stranded motorists and either recharge their vehicles or tow them home or to the nearest charge point.

This comes after its own research revealed that 43% of drivers say running out of power is concern while 42% worry about the availability of charging points on long journeys.

Zego enhances BBI solution

Zego has added new functionality to its Fleet Portal to support behavioural-based insurance.

By giving fleet managers full visibility of driving habits, claims reporting times and loss ratios, it believes Fleet Portal can now deliver savings of up to 15% at renewal.

Podcast: Anthony Hughes, Credit Hire Organisation

In this episode, we speak with Anthony Hughes, CEO of The Credit Hire Organisation – the trade body representing the credit hire sector.

Recorded back in October, we caught up with Anthony – only appointed a few months earlier in August 2022 – to find out his plans for the organisation and what we can expect in the coming months.

ClaimsTech

Ardonagh Group adopts AutoRek technology

The Ardonagh Group has adopted AutoRek’s software to help drive efficiency in key back and middle office Insurance Broker Accounting (IBA) processes using intelligent automation technology.

Insly launches claims management tool

Insly, the no/low-code software provider, has launched a claims management tool as part of its modular product suite. The claims product can be used either stand-alone, integrated into a legacy system, or alongside other Insly modules, which span the entire insurance value chain.

ClaimsTech Interview

Watch the latest ILC ClaimsTech interview with Alex Martin, CEO & Co-founder, Clearspeed.

Home

Major moves afoot for subsidence conference

ILC’s specialist conference – The Subsidence Surge – is gearing up to debate the key concerns faced by the property insurance claims sector in 2023.

Headline sponsored by Optera Structural Solutions, along with Gold Sponsor 360 Globalnet, the event will assemble leading experts from all corners of the claims industry to explore what the impacts of 2022’s dry summer has meant for subsidence claims.

CoreLogic launches new risk modelling solution

CoreLogic has launched a new solution to help government agencies and enterprises measure, model and mitigate the risks of climate change to the real estate industry.

Climate Risk Analytics is built on Google Cloud infrastructure and provides a comprehensive, blended risk score for every US property, with a granular breakdown of specific risks and the financial impacts of each.

MGA

ManyPets and Wakam agree UK partnership

ManyPets UK, pet insurer and wholesale broker, has announced a partnership with European digital insurer Wakam as a new risk carrier in the UK market.

Wakam, a European B2B2C insurance company present in 32 countries, will be the insurer of all ManyPets insurance contracts in the UK from January 2023.

MGAA’s Mike Keating discusses MGA value

Mike Keating, CEO of the Managing General Agents’ Association (MGAA) discusses how MGAs can add value in today’s insurance market in the latest Covered in 15 podcast from Ecclesiastical.

In discussion with host Adrian Saunders, Commercial Director at Ecclesiastical, Mike highlights how MGAs offers extensive expertise, distribution means and capability to insurers.

Gamma announces MGAM collaboration

Location intelligence and risk assessment solutions provider Gamma has announced a new collaboration with MGAM, which is supporting the Department for Levelling Up, Housing and Communities (DLUHC).

This partnership underpins Gamma’s ambition to become the leading provider of location risk solutions in the UK insurance sector.

Industry News

Extreme weather could bring financial storms

New analysis by PwC UK has revealed that recent extreme weather events such as Storms Desmond, Eva or Frank would cost the insurance industry more than £1,6bn in today’s terms.

Its findings come after the British Red Cross revealed that one in seven UK households do not hold building or content insurance.

IFB targets tech in new anti-fraud strategy

The Insurance Fraud Bureau has unveiled a new counter fraud strategy that will run from 2023 to 2025.

Among its ambitions, Forward Together intends to support the development of new innovations to help the industry combat more advanced fraud tactics.

Carpenters Group collects prestigious award

Carpenters Group collected the CSR Award at the YM Liverpool Property & Business Awards. It was nominated by one of the organisations it supports.

Verisk announces new software integration

Verisk has announced a new integration between its forms management platform Mozart Form Composer and FilingRamp software.

The integration provides users with an end-to-end forms solution enabling them to analyse, develop and submit updated forms to regulators in a single workflow instead through a multi-step process.

2023 trends revealed

Consumer Intelligence’s latest webinar considered the trends likely to impact the insurance sector next year.

The panel, which included CEO Ian Hughes and Head of Consumer Strategy Catherine Carey, agreed that next year premium prices would go up, particularly in motor, shopping and switching would increase among policyholders, investment in automation and digital journeys would continue, new entrants would disrupt the market, while the new Consumer Duty could create new levels of trust.

Rainbow Trust expands in the north

Rainbow Trust has opened a new site in Liverpool which will deliver support across the North West and North Wales. Its support will be crucial in a region that has a high rate of childhood life-limiting conditions – around 75 per 10,000.