ILC ARTICLE

ILC Breakfast News – Wednesday, 12 June 2024


Motor

ARC360 full agenda revealed

The full agenda for ARC360’s Future Vehicle Technology themed conference has been revealed with shared insights, interactive exhibits and networking opportunity making up the key ingredients.

Taking place on Thursday 27 June 2024 at the Manufacturing Technology Centre (MTC) in Coventry, the ARC360 conference is set to deliver the highest calibre of attendees, contributors and debate in the UK body repair industry event calendar.

Arval UK selects Autoglass to minimise downtime & increase efficiency

Autoglass is proud to have been chosen as the preferred automotive glazing partner to Arval UK, one of the UK’s largest fleet and leasing companies.

Car subscription poised to increase as research shows strong consumer appetite

Nearly half of UK consumers (49%) would be more likely to choose an alternative subscription model rather than traditional purchasing and financing routes when buying a car, according to new data from PwC.

22nd consecutive month of growth for new car registrations, but challenges persist

“The UK auto industry took another step closer to reaching a remarkable two years of consistent growth, despite ongoing macro headwinds, including an extended period of economic stagnation, cost-of-living challenges, changing sustainability regulations and the implications of the upcoming general election,” according to David Borland, EY UK & Ireland Automotive Leader.

Insurers warned of increasing hail claims

US insurers need to ensure they have the resources to support policyholders whose vehicles are damaged by increasing hailstorms, according to Telly Berry, Director of Vendor Management, Nationwide Appraisals, Sedgwick.

Enterprise Mobility supports sustainability targets

Global mobility provider Enterprise Mobility has partnered with the Defence Science and Technology Laboratory, an Executive Agency of the Ministry of Defence, to enhance the sustainability of its business travel.

Home

CoreLogic reimagines water loss documentation through Mitigate

CoreLogic, a leader in global property information, analytics, and data-enabled solutions, has introduced CoreLogic Restoration Mitigate, a water loss documentation tool that has been completely reimagined and designed with technicians in mind.

Increase in floods during summer months, analysis reveals

Over a third (35%) of home insurance flood claims occur between June and August, according to new analysis from insurer, Aviva.

Arcadis upgrades inflation forecast for 2026 onwards

Arcadis forecasts higher levels of construction inflation from 2026 onwards even as construction’s recovery struggles to take-off in 2024 and 2025. This will be due to resource constraints and the impact of delayed procurements on the future shape of the supply chain, according to the latest Summer Market View report by Arcadis.

New RIBA horizon scans predict global impact of population change – and calls for architects to respond

Changing patterns of births, deaths and migration are reshaping communities – and the built environment. RIBA asked experts to scan the horizon and consider how architects can respond to the increasing need for adaptable, resilient buildings and places that foster a sense of belonging. RIBA Horizons 2034 is sponsored by Autodesk.

Claims Essentials

Consumer Intelligence to provide ClaimsTech insights

Consumer Intelligence is set to provide ClaimsTech – The Journey delegates with a true insight into the perception Vs reality of technology when it comes to insurance claims.

Set to take delegates on a claims journey where technology and consumer meet, ClaimsTech – The Journey takes place on 3 July 2024 at etc venues London. The event will gather together the most influential names within the claimstech/insurtech space to explore how technology can positively affect customer outcomes.

Unlocking your Internal Talent Pool 

Most employers are making decisions about who to recruit based on just a quarter of the information available on a candidate.

According to Martin Goodwill, CEO of Great People Inside UK, the amount businesses find out about a potential employee before hiring them is so limited they would actually be better off flipping a coin.

Martin was speaking to delegates at ILC’s New Generation in Claims conference, which took place in Manchester.

DAC Beachcroft assesses OECD AI Recommendations

Lawyers at DAC Beachcroft have assessed the impact of the OECD’s Recommendation around AI policy. The Recommendation is not legally binding but provides a common internationally-approved framework and a set of good practices for the development and use of trustworthy AI systems.

Lloyd’s updates cyber risk requirements

Lloyd’s has issued a new market bulletin to update its requirements and expectations for the writing of cyber risks, which reflects its commitment to clarity and stability in cyber coverage, as well as managing the systemic risk exposure of the market.

Insurance industry collaborates on ransom payments

For the first time, the National Cyber Security Centre has collaborated with the cyber insurance industry, namely the Association of British Insurers, British Insurance Brokers Association and International Underwriting Association, to produce a joint guidance for organisations considering paying a ransom.

ICO investigation a ‘clear reminder’ around GenAI tools

DAC Beachcroft has said that The Information Commissioner’s Office’s recent investigation into Snap ‘My AI’ is an ‘important reminder that organisations need to carefully assess privacy risks before launching new GenAI tools, especially when they are accessed by children.’

UK remains Europe’s leading destination for Foreign Direct Investment in Digital Technology

The UK attracted more digital technology Foreign Direct Investment (FDI) projects than any other country in Europe last year, according to EY’s 2024 UK Attractiveness Survey.

ClaimsTech: human Vs machine

As ILC gears up for the forthcoming ClaimsTech – The Journey event, Service Certainty reflects on the perceived benefits of technology in the claims sector and whether these benefits have fully materialised. One example that illustrates the point is its image-capturing service introduced in 2009, which has remained relevant through a decade and a half of technological innovation.

MGA

ChainThat’s BPA Platform Integrates with Verisk’s ISO Rating-as-a-Service (RaaS) Solution

ChainThat, a leading London-based insurtech known for providing SaaS-based technology products to insurance organisations, is excited to announce the integration of its Beyond Policy Administration platform (BPA) with Verisk’s new cloud-based rating engine ISO Rating-as-a-Service (RaaS).

National ‘Five Star MGA’ Rating awarded for a third year

Renovation Underwriting, the MGA that offers specialist renovation capacity and expertise, has been announced as a 5-Star MGA in the ‘IBUK 5-Star Brokers on MGA 2024 report.’

Brown & Brown builds Northern Ireland portfolio with acquisition of Rollins Insurance Brokers

Brown & Brown (Europe) has acquired 100% of the equity capital of T Oscar Rollins & Company Ltd, trading as Rollins Insurance Brokers (Rollins).

Industry News

Policy Expert joins ILC Insurer Partner community

Multi-award-winning home and motor insurer, Policy Expert has joined ILC’s Insurer Partner community.

Launched in 2011, Policy Expert was created to provide ‘a different kind of insurance company’ which understood what people wanted and looked after them better. This it does via jargon-free policies; online claims processes; and UK-based customer service.

Earnix announces integration with Verisk ERC solution to boost efficiency in commercial insurance pricing

Earnix, the leading global provider of AI-based SaaS solutions for financial services, has announced that it has entered into a strategic collaboration with Verisk, a leading global data analytics and technology provider.  

People

Carpenters Group has appointed Lynda Thwaite as its new Head of Brand and Communications.

Connor Nye has been named as Business Development Manager at Service Certainty imageproof.

The Geneva Association has appointed Lee Yuan Siong, Group Chief Executive and President of AIA, as Chairman.

Shaun Hopkins has been named Supply Chain Manager at AXA.

Clearspeed has appointed Kim Garland to its advisory board.

EVENTS

Upcoming Event


Motor Claims News

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10-07-2024

Insurer Partners

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INNOVATION-GROUP
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