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Insurance premiums will rise after drastic cut to discount rate

01/03/2017

Insurers anticipate that average car insurance premiums could rise by up to £75 a year as a result of a government ruling which was revealed this week. The Ministry of Justice (MOJ) has announced a new formula for calculating the compensation payouts awarded to claimants who suffer long-term effects of their injuries. Insurers were expecting…

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Limited payments for whiplash insurance claims announced today

23/02/2017

The Prisons and Courts Bill has been published today and it contains new fixed tariffs for personal injury claims. The government had originally planned to increase the payment limit to £5,000 across the board.  However, the bill sees a change to this plan with a small claims limit of £5,000 for whiplash injury, but a…

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Insurtech: via technology partnership or mergers and acquisitions?

20/02/2017

Insurtech dominated media headlines in 2016 and became a recurring theme in research reports. This year we can expect more of the same as digital technology continues to reshape traditional practices and attract startups and challenger brands. According to survey results released in January by Willis Towers Watson and Mergermarket*, insurers believe the immediate priority…

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