Whiplash
Insurers to fund personal injury IT gateway
Exclusive: The government has accepted an offer in principle from the insurance industry to fund a new IT gateway to allow litigants in person access to the claims portal.
This week in Post: Funding, fraud and finding life after Brexit
This week, the insurance industry received the news that the government’s controversial whiplash reforms are likely to be put into effect in April next year.
Whiplash reforms could come in April next year
The government will implement its personal injury reforms in April next year, sources have said.
Justice Committee chair earns £15,000 a year from personal injury law practice
Exclusive: The chair of the Justice Select Committee earns £15,000 a year from a law practice with a significant personal injury insurance practice.
Greater role for CMCs following whiplash reform ‘not entirely a bad thing’, MoJ says
Raising the small claims limit will drive personal injury claimants into the arms of claims management companies, a parliamentary committee heard.
This week in Post: Shuffling and reshuffling
This week, as Theresa May reshuffled her cabinet, the insurance industry underwent its own shake-up.
Justice Select Committee needs to prove its mettle over personal injury reforms
As the Justice Select Committee prepares to hear oral evidence about the government's personal injury proposals, Carpenters director Donna Scully bemoans the unrepresentative makeup of those giving evidence at a time when those in power need to be held…
Preview of 2018: A sneak peek at the coming year
The promised whiplash and discount rate reforms, as well as the UK’s exit from the European Union, are expected to shape the coming year for the industry. Insurers, brokers, loss adjusters and lawyers are wary of political uncertainties and the trends in…
Aviva paid out £2.7bn in claims during 2016
Aviva paid £2.7bn last year in cash settlements and services to more than 775,000 UK customers claiming on their individual insurance policies.
Interview: Stephen Hines, Forum of Insurance Lawyers
In November, the Forum of Insurance Lawyers appointed Stephen Hines as its 22nd president in its 25th anniversary year. Post sat down with him to discuss his aims and ambitions for the group.
Insurers pay out £2.7bn in minor injury compensation in two years
Insurers have paid £2.7bn in minor injury compensation since the government first proposed whiplash reforms in Autumn 2015.
Justice Committee launches whiplash inquiry
The Justice Committee has launched an inquiry into the government’s proposals for raising the small claims limit for personal injury.
Analysis: Review of the year 2017
The past year has been a stormy one for the insurance market – and not just in terms of weather: the discount rate saga and the insurance premium tax hike helped propel motor premiums to stratospheric highs. Industry figures see clearer skies, however,…
Pricing pressure and aggregators will hurt company market in 2018, says Fitch
Intense competition and increasing use of price comparison websites will continue to pressure insurers’ earnings in motor and household insurance, Fitch has warned.
Analysis: NIHL: Make some noise
The fixed-cost regime proposed for noise-induced hearing loss claims is like music to insurers’ ears, although it comes way after the hubbub
Q&A: Mike Brown and Alistair Kinley, BLM
The insurance industry is currently battling with a multitude of uncertainties: Brexit, Ogden, and the impact of technology. Mike Brown, senior partner, and Alistair Kinley, director of policy and government affairs, BLM, spoke to Post about how those…
Industry needs to educate public on 'big ticket' Ogden decision, City Minister warns
Industry needs to join government in educating the public on the change to the Ogden discount rate, City Minister Stephen Barclay MP said.
Aviva's Paul Heybourne on driving undisturbed
With technology rapidly changing what cars look like, Paul Heybourne, head of innovation operations for Aviva, maps the motoring landscape of the future.
Top UK insurers 2017
Hit by a negative discount rate, the top 100 UK insurers reported a combined underwriting loss last year. What other challenges has the market faced?
Justice Select Committee to reinstate whiplash inquiry
The Justice Select Committee has confirmed it intends to reinstate its inquiry into the government’s whiplash reforms.
Foil's Nigel Teasdale on engaging with Europe after Brexit
The UK's Brexit Withdrawal Bill is making its way through parliament but Nigel Teasdale, president of the Forum of Insurance Lawyers and partner at DWF, believes this will make interactions with the European Union even more important for the insurance…
Ageas' Andy Watson's wish list for returning MPs
As goverment returns to business, Andy Watson, CEO of Ageas UK, reminds MPs that there are still three major areas of policy affecting insurance that need to be properly addressed before insurers can begin to control and then reduce customer premiums.
Covéa's Lisa Meigh on why the apprenticeship levy is not just another tax
Many companies have written off the apprenticeship levy that came into force in April as another tax but Lisa Meigh, director of HR and Learning at Covéa Insurance, sees a pot to further future generations of insurance workers.
Further Ogden hits anticipated but whiplash claims falling, says Admiral
Admiral is anticipating further cost pressures as a result of the change to the discount rate, but has confirmed that whiplash claims are falling.