CBI: Life and general insurers report income growth
by Gill Montia
Story link: CBI: Life and general insurers report income growth
Volumes of business across the UK financial services sector grew in the three months to June, but at a slower pace than in the last three quarters, a new survey from the Confederation of British Industry (CBI) and PricewaterhouseCoopers (PwC) shows. Overall, growth was at a slower pace than in the last three quarters, but [...]
Detected false insurance claims stabilise
by Gill Montia
Story link: Detected false insurance claims stabilise
False insurance claims presented a “fairly stable” picture last year, according to the latest Fraudscape report from CIFAS. Overall, the number of false claims detected dropped, compared with 2009, with the decline occurring gradually during the course of 2010. The decrease was driven by a fall in recorded household insurance frauds, which were down by [...]
swiftcover reveals insurance claims tricks
by Gill Montia
Story link: swiftcover reveals insurance claims tricks
Online car insurer, swiftcover.com, is suggesting that motorists are increasingly trying to get insurers to pay for old damage and normal wear and tear as part of genuine insurance claims. To combat the trend, the company has published the top insurance claims tricks and misconceptions as follows: The “Two For One” claim – a driver [...]
Over 50s drive safely in the snow
by David Masters
Story link: Over 50s drive safely in the snow
Older motorists have made no more insurance claims than usual this week despite heavy snowfall across the UK, Saga Insurance has revealed. The insurer said its claims centre was not deluged with calls yesterday – as might have been expected – because of the experience of its customers, all of whom are over 50. Saga [...]
ABI: Credit insurance claims up 59%
by David Masters
Story link: ABI: Credit insurance claims up 59%
The Association of British Insurers (ABI) has reported a 59% increase in trade credit insurance claims during the third quarter. Trade credit insurance protects businesses when customers fail to pay or enter administration. Claims against trade insurance policies hit £97 million from 6,805 claims in the third quarter of this year. This is compared to [...]
