Tag: United Kingdom

Auto insurance rates are on the rise in the UK

Marc
auto insurance car future

Insurance rates are growing in the United Kingdom, and there may be no end in sight Auto insurance rates in the United Kingdom has grown for the first time in two years, and they may continue to rise in the coming years. According to AA Insurance, rates throughout the country are on the rise due to numerous factors. Changes in the national market, new trends emerging among drivers, and other factors can influence the cost of auto insurance. The losses that insurance companies see from natural disasters and other market…

Read More

Auto insurance telematics market is growing quickly

Nordstrom
usage based auto insurance

Demand for telematics technology has reached a new high in many parts of the world A new report released by Timetric shows that the insurance telematics market is set to see strong growth in the coming years. The demand for telematics technology within the insurance industry has been on the rise for some time, particularly among auto insurance companies. This technology is used to track consumer information and is becoming a valuable tool for auto insurers looking to offer new products to drivers. Telematics has lead to the creation of…

Read More

Auto insurance fraud is causing trouble in the UK

Nordstrom
auto insurance fraud

New report shows the prevalence of insurance fraud throughout the United Kingdom The Association of British Insurers has released a report concerning auto insurance fraud in the United Kingdom. According to the organization, some 500 people lie on their insurance applications forms every day. The report shows that in 2013, 3,500 fraudulent applications were filed with insurance companies every week. These applications contained information that was inaccurate, if not outright incorrect. Applicants often left out important information that would determine the cost of their insurance coverage. Fraudulent insurance applications are…

Read More

Report highlights the complexity of the cyber insurance market

Logan B.
cyber insurance

Crawford releases report showing that the frequency and complexity of cyber insurance claims is on the rise A new report from Crawford & Co. shows that the cyber insurance market is becoming increasingly complex. The frequency and complexity of claims is one of the primary challenges facing this market currently. Insurers are typically well suited to address the potential risks that exist in any given market, but the advent of technology has changed many things in the world. The insurance industry has not yet had enough time to fully understand…

Read More

Telematics begins to have a major impact on auto insurance sector

S.Vagus
auto insurance usage based

Reed prepares to close deal on Wunelli Reed Elsevier, a leading information technology company, is preparing to finalize the acquisition of Wunelli, a developer of telematics solutions for the auto insurance sector. Telematics is becoming very popular in the insurance industry because of how it can be used by insurers to price policies more accurately. Demand for this technology has been growing steadily over the past few years and has reached an all-time high as insurance companies continue to look for ways to mitigate losses while also providing high-quality services…

Read More