OIC data reveals 45,000 claims processed, 436 settlements reached
The OIC service, the online portal launched earlier this year to manage road traffic accident claims under £5,000, processed more than 45,000 claims during its first three months of operation
Car insurance premiums fall despite drivers returning to roads
Drivers are being offered the cheapest average car insurance premiums since the summer of 2015, with the lowest average falling to just £533
Digital insurer Getsafe extends series B funding round
Digital insurer Getsafe has secured another £46.2 million in funds, extending its series B round to more than £68 million
McLarens recruits global head of data and analytics
Insurance services provider McLarens has appointed Jennifer Barclay to a newly created leadership role as global head of data and analytics strategy
Direct Line and Churchill lift Covid-19 cancellation restrictions in travel cover
Direct Line and Churchill have lifted restrictions to travel insurance cancellation cover that were implemented last year due to the Covid-19 pandemic
Pen Underwriting acquires Manchester Underwriting Management
Pen Underwriting has acquired Manchester Underwriting Management for an undisclosed sum, in its bid to become a £1 billion GWP underwriting and distribution company
Op Tutelage encourages 150k+ uninsured motorists to drive insured
Op Tutelage, a national policing initiative, has encouraged more than 150,000 motorists to drive insured
Minster Law to acquire Irwin Mitchell’s fast-track personal injury business
Minster Law has agreed to acquire Irwin Mitchell’s back book of fast-track road traffic accident, employer liability and public liability injury claims
Superscript to deliver insurance solutions on Amazon Business
Business insurance specialist Superscript has teamed up with Amazon to provide tailored insurance for small businesses and sole traders
Ticker and Abacai Group partner to extend capacity and enhance pricing sophistication
Telematics insurtech Ticker has teamed up with Abacai Group to increase its capacity and introduce new levels of pricing sophistication ahead of a planned expansion
Howden reveals near €50m cost of Covid-19 footballer absence
Howden has revealed that football clubs in Europe’s top five men’s leagues suffered rising costs from player absences and earlier peaks in injury occurrence due to Covid-19
Zurich and AIUA sign £105m five-year deal
Zurich has signed a new long-term agreement with AIUA, a specialist underwriter for agricultural and farm insurance
Express Solicitors Group turnover at record high of £31.3m
Personal injury law firm Express Solicitors has announced its best ever financial results, with group turnover up by 14% from last year
Growing levels of insurance claims disputes drive expansion at Fenchurch Law
Fenchurch Law has expanded its team with the appointment of Anthony McGeough as an associate
Tempcover and the AA partner to support short-term insurance customers
Tempcover, the short-term vehicle insurance provider, has partnered with the AA to provide its customers with breakdown cover and call-out assistance available by the hour
Direct Line launches Business Tech Essentials service
Direct Line has launched a new service for business insurance customers to replace stolen or damaged essential technology within 24 hours of an approved claim
Allianz X to acquire majority stake in GT Motive
Allianz X has agreed to acquire a majority stake in GT Motive, a company specialising in claims, maintenance, and breakdown estimation software in 28 countries
Verex Group partners with Marsh on Polestar contract
Verex Group will provide branded insurance solutions to electric vehicle manufacturer Polestar, under a new contract struck in partnership with Marsh
Corporé to bring NHS digital tool for psychological treatment to injured insurance customers
Insurer-focused rehabilitation business Corporé has become the first company to provide the digital tool SilverCloud to the general insurance market
Pandemic responses dominate British Claims Awards 2021
Sedgwick and Brit Insurance were among the winners at the British Claims Awards 2021 last night, capping off a ceremony in which 20 categories were closely fought
Sedgwick reveals 5% increase in building repair costs during Q1 2021
A 5% increase in building repair costs was evident during Q1 2021, with many manufacturers operating at reduced output as a result of Covid-19, Sedgwick finds
Zurich picks SYNETIQ for reusable vehicle parts
Zurich Insurance UK has struck a three-year deal to source reusable vehicle parts from SYNETIQ
More Than finds e-scooter worries in UK
New research from insurer More Than shows that 56% of Brits believe that e-scooters are making roads more dangerous
Aviva reveals reasons for wedding ring claims
Wedding rings flushed down the loo, lost while kayaking and run over by a car top a list of Aviva home insurance claims from the past year
WHSmith to launch insurance offering for retail customers
High street retailer WHSmith is moving into the insurance market in partnership with insurtech firm Quotall
Calling all up-and-coming personal injury professionals
The Personal Injury Awards 2021 is keen to hear from potential candidates for Young Achiever of the Year and recognise their efforts
CII reveals key skills required for fresh insurance professionals
Insurance professionals believe ‘personal skills’ are the most important competency requirement for fresh entrants to the profession to possess, according to the CII
Lloyd’s partners with geospatial insurtech to deliver faster claims service
Lloyd’s of London has entered into a two-year partnership with geospatial insurtech McKenzie Intelligence Services
Insurance premiums drop 16.9% for the UK’s youngest van drivers
The UK’s youngest population of van drivers have seen their insurance premiums drop 16.9% in the last 12 months, yet the cost of a typical annual policy remains high
