News

News

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Car Insurance News

Nearly 3 million cars were vandalised in the UK last year, costing motorists £1.9 billion in repairs

New study reveals the extent of car vandalism in the UK, with the average repair cost per victim rising to £661 last year Just under three millions cars were vandalised in the UK last year, resulting in a collective repair bill of £1.9 billion – an increase of 9.5% on the previous year and averaging at £661 per victim. The data ...
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Car Insurance News

New car accident app shows difference between male and female drivers

A new app from personal injury advice site Cute Injury analyses the causes of road traffic accidents and attempts to highlight the differences between male and female drivers. The online tool uses data direct from the Department for Transport, and analyses every recorded road traffic accident on UK roads in the year 2015, separating the data between car crashes that involved male ...
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lightning bolt
Home Insurance News

Strike it Unlucky: Home Insurer Tells of How Lightning Caused £45k of Damage to Property

Few people would be shocked to learn that a direct hit from a bolt of lightning could trigger a significant amount of damage. In terms of the human cost, this could of course be painful at best, fatal at worst, yet have you ever stopped and thought just how much the bill would be if your home was struck by one ...
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News

Global Pandemic Risks Recognised by World Bank Which Unveils Targeted Insurance Fund in Response

A world first in terms of a central body having the financial means and clout in providing desperately-needed financial resources and subsequent distribution structures in the immediate wake of a global pandemic has been announced. Instigated by the World Bank, the Pandemic Emergency Financing Facility is, essentially, an insurance product aimed specifically at reacting to the unpredictable threats posed by the ...
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holiday in maldives
News Travel Insurance

British Holidaymaker Left High and Dry in Mexico by Travel Insurer Unwilling to Foot Medical Bills, Who Cites Failure to Admit Pre-existing Health Condition

Once again highlighting the importance of always declaring any pre-existing medical conditions a would-be travel insurance policyholder might have, whilst arranging (and subsequently agreeing to and biding by the contractual obligations of) far-reaching cover, is a news story currently doing the rounds; involving a holidaymaker who is effectively stranded in South America due to not having previously disclosed a propensity to ...
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servers
News

Creators of Machine-learning System Which Aims to Tackle Insurance Claim Fraud Receive Major Financial Boost

Combining the efforts of both the much-hyped big data application AND a unique machine-learning system, a French-based tech start-up firm has seen some $10 million poured into its coffers to advance the potential of its bespoke anti-insurance fraud detection assemblage, courtesy of Facebook. Shift Technology utilises big data together with machine-learning so as to detect patterns of fraudulent insurance claims, which ...
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News Travel Insurance

Holidaymakers Declaring Pre-existing Medical Conditions Being Urged to Shop Around, Otherwise Risk Being Ripped off According to Experts

The nation’s go-to consumer champion has found that British holidaymakers who disclose their pre-existing medical conditions might well be stumping up hundreds of pounds, needlessly on travel insurance policies. Having recently conducted its own investigation into 10 leading travel policy providers’ approach to pre-existing medical conditions, www.which.co.uk discovered what they believe to be substantial discrepancies when it comes to like-for-like annual ...
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dogs on beach
News Pet Insurance

Leading UK Pet Insurance Provider Name Drops a Bruno Bomb

There may well be more to the names we afford our beloved pets than first meets the eye, however before you get too upbeat this isn’t necessarily good news. Especially not, if you decided to christen your canine pal, ‘Bruno, Cassie’ or ‘Jake’. Owners of pets with these names (amongst the 7 others which comprise a list of popular monikers we ...
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Income Protection Insurance News

Significant Number of Group Income Protection Claims Found to be instigated by Onset of Employee Mental Health Issues

Taking a retrospective look at group income protection claims for 2015 and it emerges that for one leading UK policy provider, 30% of claims made were triggered by mental health issues, according to the website, www.employeebenefits.co.uk. Examining the findings of Legal and General’s recent scrutinising of its own claims information for last year (and which was revealed of late to coincide ...
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servers
News

Onset of ‘Big Data’ Strategies Set to Revolutionize UK Insurance Sector

As is modern society’s way, the bigger anything is perceived to be, the better. From Big Macs (fast food) and Big Ben (accurate time-telling) through to Big Weekends (superior to your ordinary Saturdays and Sundays) and Big Ideas (fundamentally ground-breaking). So it may not be the shock of the century to learn that ‘Big Data’ strategies are the latest in a ...
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