Motor Insurance World Live video presentation: Same problem, new challenges; tackling motor fraud in 2020

Allianz has been tackling fraud for over a decade with savings increasing year-on-year for the last ten years.

In this short video session the insurer’s head of fraud James Burge will outline the trends it has seen over the last 12 months, with opportunistic/exaggeration and phantom passengers among the most prominent.

He will then highlight some of these trends, including ghost broking and – one of its most recent areas of focus - application fraud, with examples of successful cases it has run.

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ABI unveils financial inclusion strategy

The Association of British Insurers has unveiled a financial inclusion strategy, which commits to addressing “unfavourable” premium finance practices and suggests exploring ways to subsidise motor cover for some drivers.

Irish guidelines for assessing damages to push up premiums

Aine Tyrrell, partner at law firm DAC Beachcroft, explains why fresh guidelines for the assessment of damages in Northern Ireland could add to the costs faced by insurers and contribute further inflationary pressure to premiums for liability and motor products.

Tackling turbulence for pet insurers

The pet insurance market is not short on options - the issue consumers have is understanding the many different choices. With better data though Sara Costantini, CRIF’s regional director for the UK and Ireland, suggests insurers would be better equipped to tailor solutions to meet policyholder needs.

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