Penny Black's Insurance Week - 27 June 2013

penny-black

Penny loves to moan and complain, so she was thrilled this week to hear of one complaint a telematics firm received from an elderly customer who was unable to install their new black box.

“What is going wrong?” asked the company. Down the phone line, an angry voice replied that, no matter where the box was stuck to the windshield, it wouldn’t stay in place – because “the wipers keep knocking it off”.

Meanwhile, the last time Penny visited the dentist it cost her a small fortune, but it seems medical professionals elsewhere in Europe are not raking it in to the same extent as their UK contemporaries.

Rather than charging an arm and a leg, one German dentist was forced to do away with a finger in order to make ends meet. The hard-up tooth doctor has been jailed after being found guilty of falsely accusing robbers of chopping off his digit.

He would have stood to gain €600 000 (£512 000) if his insurer deemed him unable to work and a further €250 000 if he could prove he had been the victim of a violent robbery. “In the industry we hear that doctors and dentists are losing a finger far more frequently than other people,” said a German Insurance Association spokeswoman.    

Follow Penny on Twitter

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 info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe

You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.

Q&A: Nick Pester, Beyond Legal

Nick Pester, founder at Beyond Legal and former general counsel at Zego, spoke to Insurance Post about the changing legal landscape, the pivoting mindsets of insurtech founders, and what he hopes to offer clients with his new legal practice.

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.

60 Seconds With... Value Space’s Reijo Pold

Reijo Pold, founder of Value Space, a technology company that uses satellites to conduct assessments for commercial properties and infrastructure, reveals he has been working since he was aged seven and doesn't even totally clock off when he goes on holiday.

You need to sign in to use this feature. If you don’t have an Insurance Post account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here