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Speed of handling claims a concern for insurance market

Concerns over the speed of handling claims is a far bigger issue than previously thought, according to a survey by TrustAssured, part of The Royal Bank of Scotland Group.

One respondent said: “We tend to win business on cost and comprehensiveness of cover, and lose business on client service, because Lloyd’s systems are so archaic.”

The survey said the speed of claims

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Is it third time lucky for Axa as it merges divisions again?

Content Director’s View: With Axa UK and Ireland combining its personal and commercial businesses into one, Jonathan Swift reflects on why insurers often oscillate between splitting and merging these divisions, and what led the insurer to believe this latest move will pay off now despite similar attempts in 2005 and 2016.

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