
Video: How the economy influences insurance claims
BLM partners Jennette Newman and Julian Smart explain how macroeconomic trends can be analysed to predict insurance claims.
Insurance law firm BLM had commissioned some research into macroeconomic trends because they have an impact on risks and influence the types and levels of claims insurers will need to handle and pay out.
After establishing the correlation between the economy and claims, partner Jennette Newman points to concerning trends on the horizon.
Her colleague Julian Smart notes that ground rent charges could lead to significant numbers of claims against solicitors’ professional indemnity policies. He also warns that Personal Contract Plans for cars may have been mis-sold and could become as big a problem as payment protection insurance.
As financial services, including insurers, increasingly use robo-advice, Smart emphasises the liability issues it entails and advises on the precautions that should be taken. Newman reflects that technology runs through all risk areas and will therefore be the focus of further research by BLM.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Claims
Covid-19 support fund
We spoke with @AXAUKCEO about the work that they are doing to support those #MentalHealth issues, both within their organisation and outside of it.
— Covid-19 Support Fund (@C19SupportFund) April 8, 2021
Watch the full film here to see why @AXAUK was so proud to support the work of @MindCharity and @Rethink_ pic.twitter.com/tkaieGDzgM
Most read
- Video Q&A: ActiveQuote CEO Rob Saunders
- Blog: Choice will drive hybrid model for claims assessment visits post-pandemic
- Lawyers appointed as Tokio Marine Kiln faces BI group action lawsuit spearheaded by Marco Pierre White business
- 'Me Too' moment for education could lead to claims on schools' liability policies
- Atlanta to spread Marmalade specialism into van and bike