Insurtech World Claims Newsletter
Lessons from latest FCA study, on virtual inspections and auto insurance, pre-fabricating digital claims platforms and Howden Group CEO on "sorting wheat from the chaff." Plenty to ponder this weekend
Financial Lives 2020 survey: the impact of coronavirus
Perception is a harsh reality of life and despite the FCA study showing insurers actually improving in some customer ratings in Feb 2020 over 2017 there are still significant cases of dissatisfaction. There is no time when a customer... Read more
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Grand designs in insurance? How prefab changed the game
Any dream home TV fan who enjoys the many shows documenting visionaries who create inspiring dwellings on tight budgets will have noted one particular element of most designs that is now almost omnipresent: prefabrication. Often entire structures... Read more
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Staying relevant is ‘the biggest, most interesting challenge out of this pandemic’ – David Howden
Plus, Howden Group’s chief executive believes the current hard market ‘will certainly sort the wheat from the chaff. “If we become irrelevant to clients and they decide insurance isn’t what it needs to help them build their business, protect their... Read more
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‘I don’t think that we go backward’: Insurers, auto body shops discuss digital shift
LexisNexis has predicted that 80 percent of auto claims will be virtual in 2025 — just four years from now — and leading insurers’ recent accounts of COVID-19 digitization give apparent credence to this theory. As always the devil is in the... Read more
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SolarWinds could have 'chilling effect' on cyber insurance
The overall damage dealt by the SolarWinds incident is still be determined, but the event could send shockwaves through the cyber insurance market, as it highlights the massive exposures this sector must contend with as hackers revamp... Read more
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Many more insights at https://www.insurtechworld.org