A BIBA Brokers' Guide to claims inflation trends - Expertise from Allianz Insurance plc

The world of insurance claims is constantly evolving, against a backdrop of changing legislation, emerging technologies and social trends.

In association with DAC Beachcroft, our second BIBA Guide of 2019 features Allianz Chief Claims Officer, Thatcham Research chairman and IFB board member, Graham Gibson, and takes an in-depth look at this topic, plus some of the drivers of claims inflation.

The content includes:

Today's trends and tomorrow's claims
What's driving claims inflation?
The Civil Liability Act
Claims management companies (CMCs) and the FCA
Fighting application fraud
Minimising the chances of a claim through risk management

View guide to claims inflation trends

Other guides available include:

Employer's liability insurance

Business interruption insurance

Security measures in today's world

The future of motor insurance

Construction risks and opportunities

Legal and regulatory aspects of marketing

Press release

Allianz Commercial welcomes new head of London region

Allianz Commercial has appointed Rob Carslake as its new head of London region for mid-market. Rob is responsible for the leadership of Allianz’s London region, shaping the business strategy for the region and delivering on its underwriting goals.

Press release

Crash hour: car accidents peak around the 3pm school pick-up, warns Allianz

The 3pm afternoon rush, when many parents do the school pick-up, is the most likely time to have a car accident according to the latest data from insurance provider Allianz.

Press release

The UK Broker Awards 2024

The UK Broker Awards 2024 have revealed their shortlist and we’re thrilled to be nominated for three UK Broker Awards! The vote is now over to you, voting closes at 5pm on Tuesday 10, September.

Press release

It's a cracking problem as windscreen claims rise 17%

The cost to fix a chip or replace a windscreen has increased year-on-year according to Allianz’s personal lines business. So far in 2024, the insurer spent an average of £327 per windscreen claim, which has risen from £308 in 2022, a difference of £19.

Press release

What is index linking?

Index linking is the amount applied to insurance policies by insurers, designed to safeguard the sum insured against changes in the economic environment.

Press release

Allianz launches new home insurance product for UK customers

As part of its UK growth strategy Allianz has launched a brand-new three tier home insurance product to provide more choice for UK homeowners.

Press release

Three issues that impact the solar industry: Mounting, Monitoring and Maintenance.

There are three issues that impact the long-term productivity and sustainability of the solar industry - Mounting, Monitoring and Maintenance. We explain what these issues are, and how to minimize the risk.

Press release

Repairing the skills gap

A shortage of skills in the motor repair sector is fuelling claims costs and pushing up motor insurance premiums. As the shortage is exacerbated by the need for new skills to work on vehicles with the latest technology, the industry must work together to plug the gap.

Press release

How to reduce the risk of e-bike and e-scooter fires

As more and more people choose to use e-bikes and e-scooters for commuting and personal use, emergency services and insurers are seeing a worrying increase in fires.

Press release

Allianz welcomes Hanna Kam as chief risk officer and Jason Howes as chief transformation officer

Allianz UK has today made two key changes to its most senior leadership layer, welcoming Hanna Kam to the company as chief risk officer, and promoting Jason Howes to chief transformation officer.

Press release

Insurance fraud skyrockets with motorbike 'crash for cash' claims up 60-fold

Allianz’s personal lines business has reported a sharp increase in insurance fraud, particularly in 'crash for cash' fraud involving motorbikes and scooters. The insurer's data indicates that crash for cash has increased a staggering 60 times in 2023.

Press release

Allianz reveals biggest threats facing SMEs in 2024

New research by Allianz Commercial has found that inflation continues to be the biggest threat facing small and medium-sized enterprises (SMEs) in 2024. The recent survey of 500 SMEs revealed the top three threats and challenges.

Press release

Allianz appoints mid-market head of client relationship management

Allianz Commercial has appointed Faith Kitchen to the position of head of client relationship management for mid-market.

Press release

Allianz extends market visibility through rebrand of LV= Broker

Allianz has today announced the latest strategic advance for its brand in the UK by rebranding its personal lines broker business from LV= Broker to Allianz.

Press release

Come and see us at BIBA

On 15 and 16 May, the annual British Insurance Brokers’ Association (BIBA) conference takes place in Manchester. We’ll be waiting for you at stand E20 and we’re looking forward to catching up and discussing our 2024 plans.

Claims inflation trends

Other guides available include:

Follow us

Related articles

You might also be interested in these other news and insight features:

Allianz Commercial welcomes new head of London region

Crash hour: car accidents peak around the 3pm school pick-up, warns Allianz

The UK Broker Awards 2024

It's a cracking problem as windscreen claims rise 17%

What is index linking?

Allianz launches new home insurance product for UK customers

Three issues that impact the solar industry: Mounting, Monitoring and Maintenance.

Repairing the skills gap

How to reduce the risk of e-bike and e-scooter fires

Allianz welcomes Hanna Kam as chief risk officer and Jason Howes as chief transformation officer

Insurance fraud skyrockets with motorbike 'crash for cash' claims up 60-fold

Allianz reveals biggest threats facing SMEs in 2024

Allianz appoints mid-market head of client relationship management

Allianz extends market visibility through rebrand of LV= Broker

Come and see us at BIBA