Cornhill Direct Insurance
News

Industry News

Allianz on the fast track

Industry Insurance News - Published: 03/03/2008
Allianz on the fast track
Insurance giant Allianz has announced plans to fast-track low-value personal injury claims.

The move comes in anticipation of reforms to be announced by the Ministry of Justice (MoJ).

As well as fast-tracking motor and casualty claims of up to £25,000, there will be 'rapid desk' investigations geared to deadline recommendations set our in last year's MoJ consultation paper.

Other reforms will include the use of claims process mapping, the setting up of a full compensation recovery unit for state benefits and National Health Service charges, as well as the more extensive use of phone and electronic communications with claimant lawyers.

Bob Rabbitts, Allianz technical claims manager, said: "While it is very frustrating that we still don’t know how and when these reforms will finally take shape, it is important that insurers are prepared.

"Within the current system it takes too long to reach liability decisions and deliver compensation, thereby increasing the cost of the claim."

Mr Rabbitts concluded by calling on brokers and policyholders to help insurers reduce personal injury costs by improving the average time to report new losses.



ADNFCR-1058-ID-18491828-ADNFCR


Related Industry Insurance News


Insurance comparison site welcomed into Biba
Published: 27/05/2008
Price comparison site Gocompare.com, which allows consumers to evaluate different products on the market, such as car and home insurance, has been given membership to the British Insurance Brokers' As...
Read More: Insurance comparison site welcomed into Biba >

MP banned following quad bike row
Published: 15/05/2008
Mid Sussex Conservative MP Nicholas Soames has been banned from driving for two months for driving a quad bike on a public road without any vehicle insurance.Crawley magistrates' court fined the 60-ye...
Read More: MP banned following quad bike row >

Allianz launches new team
Published: 17/04/2008
Allianz Global Corporate & Specialty (AGCS) has set up a team of broker development and key account managers to strengthen ties with clients in the UK.The broker development team comprises Matt Br...
Read More: Allianz launches new team >