Post - 2010-09-08

Postbox: Exclusion key to fraud prevention

Richard Davies' article 'Time to share fraud data' () highlights an age-old problem: that insurance fraud is ok for many policyholders — unless they get caught. But why not exclusion?

View from the top: Commercial reality check

The most recent round of financial results from across the market has provided further proof, if more were needed, that commercial insurance is being sold too cheaply. Indeed, this has been the case for far too long. Action to address this is a matter of…

Identity fraud: Tolerance levels

With technological advances arguably making insurers more susceptible to fraud at the underwriting stage, should validation techniques be learned from banks? Amy Ellis examines the issue of fraud at the front end.

Penny Black's insurance week

Penny enjoyed a first class day out at Twickenham on Saturday for the new rugby season's double-header and the first matches for Aviva as main sponsor.

CII to revamp Indian regulator agents tests

The Chartered Insurance Institute has been invited by the Indian insurance regulator to overhaul its compulsory agents' test in a development the CII expects will be recognised by — and replicated in — other emerging economic powerhouses.

LDC set to test market for £70m Davies sale

Private equity house Lloyds Development Capital is understood to be looking to test the market for realising its investment in claims management and loss adjusting firm Davies and may sell if an offer comes to match its price.

Warning over rise in discrimination claims

A law firm has warned insurers and brokers they may be exposed to a rise in claims following implementation of a new "three strikes rule" regarding workplace discrimination, due to come into force on 1 October.

Editor's comment: An Indian summer?

The proactive stance of the Indian insurance regulator to enhance the professional reputation of its market certainly seemed to be making as many enemies as friends earlier this week, as news broke of two developments — one positive, one rather less so.

Website Review: Endsleigh

In the latest of a new series for Post, web performance monitoring specialist Gomez assesses Endsleigh's website, to see how it performs in a number of key areas and stands up against some of its rivals.

Brokers having hard fight over claims

Brokers are having to fight harder to get claims paid during the economic downturn due to stricter policy interpretations and anti fraud-systems used by insurers, according to the British Insurance Brokers' Association.

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