News

News

Fraudulent EHIC-peddlers Again Highlight Why There’s No Substitute for Dedicated Travel Insurance Policies

Various news outlets are reporting that UK holidaymakers and travellers should be on the look-out for European Health Insurance Card (EHIC) scammers this summer, as fraudsters try to cash in on tourists who haven’t been suitably briefed on the basics of EHIC. Rogue traders are hoping to take advantage of those who possibly aren’t aware that the European Health Insurance Card ...
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Underinsurance Put at Top of BIBA’s Professional Indemnity Initiative Agenda

Comprising a vital part of its ‘Professional Indemnity (PI) Initiative’, BIBA’s brand new ‘Guide to Underinsurance’ offers a range of advice on how best prospective homeowners/those looking to arrange a far-reaching home insurance policy can avoid being unwittingly caught in the very real underinsurance trap. The British Insurance Brokers’ Association was prompted to include this important element to those in the ...
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Insurance Policyholders of the (not too distant) Future Would Welcome Concept of Arranging Cover via Facebook and Google

As more and more of us choose to interact with our insurance policy providers in increasingly tech-savvy ways, www.actuarialpost.co.uk poses the (admittedly still) hypothetical question; ‘would you facilitate Amazon or Facebook for insurance services?’ It’s a valid question, as recently Fujitsu published the results of a pan-European survey it carried out which gave rise to a very obvious shift in the ...
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Insurance Customers Enjoy Greater Degree of Satisfaction during Client/Provider Interactions than Other European Counterparts

The Rolling Stones might have proclaimed they couldn’t get ‘any’ for the best part of 50 years, yet they obviously weren’t talking about the customer-based variety, and in particular in respect of Jagger and co’s dealings with insurance companies. Not in the past year or so anyway. And why are we so confident of this claim? Simple, because according to the ...
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Building Cover Premiums Shoot Up During First Quarter of 2016, Yet Car Premiums Show Promising Signs of Declining

Buildings policy premiums appear to have taken a sharp turn in an upwards trajectory during the first quarter of this year, at least that’s what the AA’s benchmark British Insurance Premium Index is depicting. Based on the index’s ‘Shoparound’ premium (derived from a cross-section of the 5 cheapest quotes for would-be policyholders in what the AA refer to as a ‘basket ...
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British Policyholders Told to Expect Health Insurance Hikes in 2016, yet Things Could Be a Lot Worse According to Industry Observers

The upshot of a report which has just been released hints that the UK’s health insurance scene is about to be shaken to its core by experiencing what’s envisaged might be the biggest policy premium increase for 5 years. According to research undertaken by respected global risk management, financial advisory and insurance brokering group, Willis Towers Watson, it has strong reason ...
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Over 10,000 Payment Protection Insurance Customers Stand to Receive Refunds from Barclays In Light of Another PPI-related Oversight

Fresh controversy surrounding banks and payment protection insurance miscommunications between the provider and account/policyholders have reared their ugly head once again, with this time Barclays being the bearer of bad tidings. According to reports the high street banking giant neglected to forward annual statements to thousands of its customers, which meant that the would-be recipients weren’t reminded of their right to cancel ...
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One Leading Home Insurer Cites Clumsiness as Single-most Contributing Factor to Recent Spate of Policy Claims

Some people are seemingly born clumsy, like some are apparently born lucky, we guess it must simply be down to fate/alignment of the stars that particular day. We all know someone whose got two left feet or makes a habit of tripping over their own shadow, or perhaps somebody whose butterfingers have led to many a sticky situation ensuing (cue canned ...
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To Infinity and Beyond: Space Travel Set to Open Up Brand New Insurance Frontiers According to Virgin Galactic’s Former Talisman

The ex-head honcho of Virgin Galactic (the next in command after a certain Mr Branson that is), Will Whitehorn has proclaimed that the insuring of spacecraft, together with objects orbiting the Earth (and perhaps beyond) is going to represent the next big opportunity for the global insurance market, and urged the sector to sit up and take note. Addressing delegates attending ...
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Failure to Renew Travel Insurance Policy Leaves British Woman in Limbo on Sustaining Potentially Life-changing Injuries after Being Flung from Horse

If ever there was an advert to encourage people to take out travel insurance policies before even thinking about jetting off overseas (or indeed, in the UK itself), then the recent news headline-making case involving an injured British woman stranded in Egypt would surely fit that public-servicing bill. Desperately looking to raise £32,000 to be flown home from Cairo for a ...
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