RGI Junes Hot Topics

Rise In Fraud

The City of London Police has recently seen a concerning rise in bogus insurance claims amid the cost of living crisis. In fact, the city's police department reported that these fraudulent claims are now at an all-time high, which is causing a great deal of stress for insurers. Thankfully, there is a solution to this growing problem – RGI Solutions.

As an insurance fraud prevention and detection company, RGI Solutions is equipped to assist insurers. Our innovative technology and skilled professionals work diligently to identify and prevent insurance fraud from taking place. This can ultimately save insurers time and money in the long run.

With RGI Solutions on their side, insurers can rest assured that they have the support they need to combat the rise of bogus claims. They have the expertise to identify and prevent fraudulent activities, providing a safe haven for honest policyholders.?

RGI Solutions takes a proactive approach to preventing fraud, leveraging state-of-the-art analytics and in-house database tools to monitor claims investigated and identify unusual trends and patterns. In addition to this, the company offers fraud awareness training to insurance personnel and maintains a network of experienced professionals in various disciplines to help assess and prevent fraud.

It is no secret that the rise of bogus claims is alarming. Fortunately, RGI Solutions is stepping up to the plate and working with insurers to put an end to this fraudulent activity. By utilising the company's expertise and technology, insurers can more confidently protect their businesses, as well as their customers.

So if you're an insurer concerned about the rise in bogus claims, don't wait another minute. Reach out to RGI Solutions today and let them show you how they can help you safeguard your business against fraudulent claims.

E-Bike Claims on the Rise...

As more and more people turn to E-bikes as a mode of transportation, insurance claims are also on the rise. With E-bikes being a relatively new mode of transport, insurance providers have yet to fully understand the risks associated with insuring e-bikes, leading to confusion and ambiguity when it comes to making claims.

Whilst it can be a great mode of transport, there has been a rise in accidents occurring, along with the latest fatal accident of a young person.?There are calls for public awareness to be raised on the dangers of E-bikes and we need to be mindful of the illegal bikes that have been modified which the retailers and cycling industry need to assist in as a way of educating people purchasing E-bikes.

With many new cycle highways available, more people are cycling, but riders on faster illegal E-bikes going at 30mph are startling other cyclists and creating near accidents.?Such E-bikes have either been purchased online from unregulated sellers or modified with a conversion kit to increase the power on the E-bike. Legally, E-bikes are not allowed to exceed 15.5mph. The maximum power rate for e-bikes in the UK is 250W. An e-bike built with a faster capacity than 250W will require certain documents. These documents include CBT license, insurance, and proof of tax payment. The rider must also wear a helmet, have a Vehicle Identification Number (VIN) and headlights.??

This is where RGI Solutions can come in to assist insurers. Our expertise lies in the insurance industry, and we have a wealth of knowledge when it comes to dealing with insurance claims, including those related to E-bikes. With our comprehensive understanding of the E-bike market, we can help insurers develop better policies and claims management processes to ensure a seamless claims experience for their clients.

At RGI Solutions, we recognise the importance of providing personalised service to each of our clients. We work closely with insurers to understand their unique needs and help them tailor their policies and procedures to ensure they are adequately prepared to handle any E-bike-related claims. We can also assist in creating risk assessments to help insurers determine the appropriate coverage levels for their clients.

In addition, we understand the importance of staying up-to-date with the latest E-bike technologies and trends. We monitor the industry closely and provide regular updates to insurers, so they are always informed and equipped to deal with new developments and challenges.

By working with RGI Solutions, insurers can feel confident in their ability to provide their clients with top-notch coverage and claims management services for E-bike-related incidents. Our knowledge, expertise, and personalised approach make us the ideal partner for any insurer looking to expand their e-bike coverage and stay ahead of the curve in this rapidly growing market.

Chris Moore states; "With E-bike insurance claims on the rise, it's essential that insurers partner with an experienced and knowledgeable provider like RGI Solutions to ensure their clients receive the coverage and support they need. With our expertise in the E-bike market, we can help insurers navigate this exciting and dynamic industry, delivering the personalised service and support regarding the dangers of modified E-bikes they need to succeed."

Challenge The Wild

As most of you know, Anthony Byrne and Jamie Lankey went on the Challenge The Wild in order to raise money for Whizz Kidz as part of the campaign to raise money alongside Motability Operations Ltd and their business partners.

We are happy to report that everyone took the challenge in their stride and the grand total raised so far from all the teams that took part is standing at ￡7,780. This is a great achievement for those that have been part of this challenge, so well done to everyone that took part in this.

We would love to be able to hit our target and anyone who had wanted to donate, yet have still not got round to making a donation, please follow the below link:

RGI Solutions is fundraising for Whizz-Kidz (justgiving.com)

We would like to extend our personal thanks to Dan Searson who took the challengers through their paces with scrambling, abseiling, canyoning and canoeing.

Whizz Kidz is an organisation that?empowers disabled children and young people to live their lives to the fullest and the money raised will be greatly appreciated.