ILC Breakfast News – Wednesday 14 June 2023

Specialist EV event to set new standards

Understanding the impact of electric vehicles will be taken to the next level at a groundbreaking event hosted by ARC360 next month.

Titled The EV-olution the event takes place at the  place at the Manufacturing Technology Centre, Coventry, on 4 July, will bring together experts from across the sector to consider the rapid growth of EVs and how the technology is reforming the repair and motor claims landscape.

Motor claims costs spike

Motor insurers paid out £2.4bn in motor claims in the first quarter of this year, up 14% on the same quarter last year.

According to latest ABI data, this was the highest quarterly payout since it started collecting data back in 2013 and 11% up on the last quarter of 2022.

SYNETIQ solution cuts repair costs

SYNETIQ is continuing to support bodyshop and repair networks to reduce vehicle off-road time by offering more than 340,000 green parts to accelerate repairs and provide instant estimates.

Duddle named Subsidence Forum Vice-Chair

Head of Technical and Network at Catalyst Services UK Paul Duddle has been named Vice-Chair of the Subsidence Forum.

The Subsidence Forum is a national group of more than 60 experts who raise public awareness about subsidence and promote appropriate solutions.

Positive signs for UK construction

The construction Purchasing Managers’ Index rose to a three-month high in May, up from 51.1 in April to 51.6 in May, as a result of a significant easing in supply-chain frictions.

Inflation still an issue for 23 million UK adults

About 23 million UK adults say they are struggling with their finances.

According to the LV= Wealth and Wellbeing Research Programme, 43% of respondents said they are finding the cost of living a challenge, with 49% worried about rising energy bills and 45% concerned by the cost of daily items.

New platform provides instant service

AEGIS has unveiled the London Opal platform, an online solution that provides quotes and policy documentation in a fraction of the time it normally takes.

MGA Claims Conference set for London return

ILC will lift the lid on claims across the MGA space when it hosts the MGA Claims Conference at 155 Bishopsgate, London, on Thursday, 28 September.

The event, aimed at MGAs, insurers, capacity providers and claims suppliers, will cover motor, home, commercial and niche product lines, with a key focus on the claims versus underwriting debate.

Capacity Insights launches in the UK

Managing general agent Capacity Insights has launched in the UK accident and health insurance market with a particular focus on travel, health, dental and personal accident schemes.

It has been rolled out by Healix Insurance Services founder Phil Denman as CEO and commercial director Jessica Tubb.

Jensten Underwriting launches new tech product

Jensten Underwriting has introduced a new technology product.

The clear, easy-to-understand product provides wide breach contract coverage and is aimed at businesses in telecommunications, software development, SaaS, training and consultancy.

A long-term strategy for workforce wellness

Sustainable wellbeing among the workforce cannot be addressed in isolation – it requires culture change and consistent focus.

That was the message delivered by Edwin Van Rooyen, CEO of T-Cup, at ILC’s inaugural New Generation event, which was held at etc.venues, Manchester in April.

ABI to appeal mixed injury verdict

The outcome of mixed injury motor claims processed by the Official Injury Claim (OIC) portal is still uncertain after the Supreme Court granted the insurance industry permission to appeal a landmark ruling.

The ruling found that victims should be compensated separately for whiplash and other injuries. However, the Association of British Insurers has now been given permission to appeal the verdicts in the Supreme Court.

Businesses warned against cost of ‘stranded assets’

DAC Beachcroft has warned of the risk of stranded assets as industries switch to low carbon solutions.

It says that as more organisations implement stricter ESG policies they need to be conscious of assets that may be prematurely devalued or shut down.

Wiser Academy unveils new insurance introductory course

Wiser Academy has launched a new two-day training course to provide employees with a comprehensive introduction to the insurance industry.

The course, aimed at technical and frontline colleagues, focuses on the fundamentals of the sector, expected behaviours and customer relations.

Allianz Holdings has appointed Serge Raffard as the new Personal Managing Director.

Robert Hopkins has joined Aviva as Head of Claims, responsible for Commercial Property, Adjusting and Broker relations.

Carpenters Group has named Ciara Blair as Legal Advisor.

Laura Bignell has started a new position as Household Claims Manager at The AA.

Jade Wilcox, Director of Delegated Authority for HDI in the UK, has been appointed to the board of the Managing General Agents’ Association (MGAA).