ILC ARTICLE

ILC Breakfast News – Wednesday 23 November 

22nd November 2022

Motor 

ARC360 event tomorrow – last chance 

It’s your last chance to secure access to ARC360’s Gaining Ground Together 2022 conference taking place tomorrow (Thursday 24 November) at the Manufacturing Technology Centre, Coventry. 

Sponsored by GT Motive and OSCA, and backed by ARC360 Corporate Partners and Partners, the event includes a highly influential line-up of speakers set to discuss the latest from across the industry. 

An open discussion 

Electric vehicles might not be the only solution; the current mobility model is unsustainable; further disruption is on the way – these were just a few of the opinions put forward during an ‘open discussion’ held during ILC’s Exclusive Motor Claims Conference last month. 

Solera solution simplifies claims 

Solera has unveiled XpertEstimate, a virtual auto estimating solution that delivers fast and accurate self-service to simplify the claims process. 

XpertEstimate enables users to start sending assignments quickly with no or low-code connections, provides expert appraisals from experienced staff, and real-time intelligent parts sourcing and procurement. 

MIB tackles menace of uninsured drivers 

The Motor Insurers’ Bureau is partnering with NPCC’s National Roads Policing Operations, Intelligence and Investigations (NRPOII) to launch a week-long operation, Op Drive Insurers, to take uninsured vehicles off the road. 

MIB received more than 26,000 claims from victims of uninsured drivers last year, with someone else being hit by an uninsured driver in the UK every 20 minutes.  

Solus chief joins industry fellowship 

Managing Director and Aviva Repair Lead Solus ARC Simon Smith has become a member of the Society of Leadership Fellows.  

He will join a team of 250 industry leaders across all sectors who will come together to share learning and best practice. 

ClaimsTech

ClaimsTech Live set for London showdown 

ILC’s ClaimsTech Live is London bound next Wednesday 30 November as it heads to Village Underground, Shoreditch for its ‘Show me happy customers (and the money!)’ themed showcase event. 

ClaimsTech Interview

Watch the latest ILC ClaimsTech interview with Lior Koskas, CEO, Digilog.

Verisk among UK’s Best Workplaces 

Leading global data analytics provider Verisk has been certified in the United Kingdom by Great Place to Work for the third year running. It has also been listed as among the UK’s Best Workplaces for 2022. 

These awards are based entirely on what current employees say about their experience working at Verisk. 

Send Tech set for UK expansion 

InsurTech Send Technology Solutions is planning further growth in the UK and America after securing £9m in a Series A funding round. Investment came from Breega and Mercia. 

Send’s underwriting platform streamlines operations and automates administration tasks, while providing a one-stop desktop for managing new business, renewals, and endorsements. 

Platform for growth 

Global advisory, broking and solutions company WTW is launching a new digital commercial insurance platform in collaboration with insurers Liberty Specialty Markets (LSM). 

The platform, which covers both renewals and new business, has been designed to enable multiple insurers and brokers to trade complex specialty risks in real time. 

RightIndem announces esure partnership 

RightIndem has been chosen as esure’s digital claims technology partner.   

CEO Oliver McGuinness said, “We are beyond thrilled to support esure in their mission of becoming a world-class digital insurer. With the RightIndem solution, and an integrated ecosystem capability, esure will deliver a digital, hassle-free, and reliable claims experience to their customers.” 

Home 

Not all data is created equal 

Understanding and leveraging data was the overarching theme of the Home and Property Claims Conference, which took place at the CBS Arena, Coventry in November. 

Green skills critical to Net Zero 

The Construction Leadership Council has backed a new reporting outlining the challenges faced by the UK in meeting its climate change commitments. 

Published by NOCN and BACH, the report warns that Net Zero will only be possible if a green workforce is trained to build, maintain and retrofit green technologies and solutions. 

The CLC has also published its Skills Plan, which provides clear information about how to join the construction sector, which needs to recruit upwards of 53,000 people a year to maintain output. 

MGA 

NFP makes first move into Irish market 

In a first move into the Irish market, US-based property and casualty insurance broker NFP has acquired Dublin-based health and life insurance adviser Tailored Finance. 

As part of the deal, Tailored Finance Managing Director, Jeremy Tucker will join NFP and report to Colm Power, Director, NFP in Ireland. 

Kitsune enters into administration 

Peter Kubik and Brian Johnson of UHY Hacker Young LLP have been appointed joint administrators of Kitsune Associates Ltd. The joint administrators are continuing to trade the business to enable the existing policies to be run off. Existing policies are not affected, however no new business is being offered. 

Industry News

Davies unveils insurance ‘bootcamp’ to tackle skills crisis 

Davies has launched an Insurance Skills Bootcamp to help attract new talent to the industry.   

Open to anyone over the age of 19 who is unemployed in the Greater London area, the 10-week bootcamps will cover the broader insurance landscape, time management, relationship-building, and presentation and interview skills. 

Employees suffering from cost-of-living burden 

Aviva’s Age of Ambiguity study, which has been tracking employees’ experiences of work since before Covid-19, has revealed that 79% are feeling the pinch of the cost of living, while 34% say they are no longer prepared for an unforeseen life event such as serious illness or redundancy. 

The study further found that 30% of employees feel debt levels are detrimental to their wellbeing and half say it is affecting their mental health. 

Salaries set for small increase 

Average salaries are expected to rise by five per cent in 2023, according to WTW’s latest Salary Budget Planning Report. 

It found that 86% of companies are raising salaries in response to inflationary pressures, with 68% saying have spent more than they originally planned on pay adjustments in the last 12 months. 

ABI sets diversity agenda 

The Association of British Insurers (ABI) has published a new blueprint to increase diversity within the industry. 

The initiative sets out a multi-year strategy that includes recruitment practices to attract talent from all backgrounds to continuous career development. 

People 

Allianz Holdings has appointed James Maxwell to the newly created position of risk director for its commercial business.