Groupama appoints fraud buster team

Groupama insurance plans to catch fraudsters using psychological tricks, by highlighting the fight against fraud in the department of cognitive interviewing team.

Claims shall be deemed to be fraudulent will be implemented through the process of cognitive interviews in which applicants will be asked a specific set of questions to help determine whether their claim is genuine.

According to Groupama, people submitting fraudulent claims are often opportunistic or withdraw the claim if they are subjected to detailed questioning.

Cognitive interviews can also be practiced to catch out fraudsters, Groupama adds.

"In recent years, [has cognitive interviews] have been used successfully in the insurance industry is helping to identify fraudulent claims," said Stephen teeling, Groupama to counter fraud manager.

"This is a process that has highly qualified based on several factors, including the tone of voice and speed to determine the likelihood of a claim is fraudulent or exaggerated.

"Although the main objective is to quickly identify the claims that would be unfair and discouraging to take a further reason for the claim, may also contribute to increasing the level of services, which can speed up the handling of claims, while the real fight against these, which could be evidence of fraud. "

Sainsbury’s offers summer discount on car insurance

Sainsbury's offers 12 months of car insurance in the price of ten summer.

Car insurance policy at a supermarket with the financial service provider before 31 August, 2009 will receive 2 months free cover.

Customers who buy a policy online will receive an additional 10% discount.

Policy features include compensation for vehicle damage and Road Rage, and replacing damaged by a child of an accident.

Joanne Mallon, Sainsbury's Car Insurance Manager said: "Car insurance premiums can vary greatly, we always encourage customers to shop for the best price and cover.

"With our two months' free cover is a great way to further reduce the cost of Motoring. "

Young Drivers Give Insurance Companies a Headache

Drivers under 21 are often horrified by the enormous premiums quoted by insurance companies, when to buy his first car. A 17 year old male driver would pay up to nine times more than 25 years old to ensure a similar car in the same zip code area, and fourteen times more than 35 years of age. In support of these great contributions imposed on young drivers is easy to explain. Drivers under 21 years of age are significantly more accidents than their more experienced elders.

One in five new drivers will be involved in an accident within six months to pass it on to the test. Drivers under 21 are twice as likely to be involved in an accident, such as those over 21, five times as may be claims involving personal injury and ten times more likely to be a cause of serious injury claims.

A spokesman Staveley Head, one of the leading UK motor trade insurance providers, said: "These bonuses are not arbitrarily arrived. Insurers employ highly qualified actuaries and provide them with advanced software to analyze all the risks that are placed on coverage, depending on the age at zone, the vehicle, driving, profession, or any combination of these and many others. The obvious result of the analysis of these statistics is that 17 year old female driver involved in proportionately fewer accidents and insurance costs a third less than in the case of claims 17 year old male drivers . As a result, 17 year old women pay a third less for their car insurance than the equivalent of 17 year old male.

In Staveley Head Advocate went to say "I appreciate some of the young drivers are more responsible than others, but it is difficult to distinguish between their examination of the application form and the impossible task of the interview each candidate individually. Some insurers and additive shall apply to 35% discount for young drivers who successfully completed the Driving Standards Agency Pass Plus test. "

Apart from the Pass Plus course AA Smart Drive offers newly qualified drivers' assessment, as part of the Charitable Trust for Road Safety. It is available free of charge to anyone who passed their test within the last twelve months.

Staveley Head is one of the leading insurance brokers and all motor trade advice and assistance should be in this case, the insurance quote, if a user logs on to their website www.staveleyhead.co.uk

For more information on all aspects of motor traders insurance, or to ask about cheap motor trade insurance, contact Staveley Head.

Kwik Fit Insurance reveals £1m expansion plans

Kwik Fit Insurance (KFI) has revealed ambitious expansion plans for the next five years.

The Lanark shire-based broker, which is supported by the French venture capitalist group PAI Partners, told Scotland on Sunday, looking to double that size through acquisitions, which could top £ 1 million.

Speaking to the newspaper, the chief executive Brendan Devine explained that KFI is planning to buy a broker and its dual motor insurance from 500,000 to one million policyholders against the size of 2014.

In addition, negotiations with potential joint venture partners, which could cause KFI branching to the commitment of their respective policies?

According to Mr Devine, the company changes its ambitions essentially a business model in the coming years.

Despite the recession the agent to continue its run good news.

In May the company reported a 42% month on month increase in house sales policy and announced plans for further development in this sector.

In June, KFI was the best practice for the recruitment of an award at the Scottish Recruitment Awards 2009, which have been recognized for the support of different faiths, cultures and skills in their work.

Also last month, KFI scooped the award for Customer Focus in recognition of its Smart Co department to Contact Center Innovation Awards.

UK motor insurers opt for ISO’s Claims Outcome Advisor

Insurance Services Office (ISO) announced that its ISO Claims Outcome Advisor (COA) is now the leading personal injury claims assessment solution for the UK motor insurance market.

According to the group, mostly in the top 25 UK motor insurance the use of one or another system to help in evaluating personal injury claims and 70% of this group have chosen COA.

The solution works by creating a database of historical wounds of financial firms in order to ensure the settlement is fair, consistent and appropriate.

It also claims to support the management of all aspects of the claim with a single system, from first notice of loss to final settlement.

COA has been launched in the UK in 2001 and growing steadily since its presence, gaining seven new customers in the last year alone.

ISO head Joe Pendle customer service, comments: "Although this is a great achievement ... We recognize that the market is still in flux and is likely to experience significant changes in the coming months and years."

The company claims that it has been "huge investment in the Certificate of Authenticity system and support staff

Change to Car Insurance Model Could Result in Big Savings

Basing the cost of automobile insurance on how far you can drive, you can save people money and help the environment, the study says.

The analysis by the Institute of Actuaries of Australia to discover the potential savings of 3.2 billion dollars a year if the cost of the vehicle is closely related to the number of kilometers.

One way of doing this was through a pay-as-you-drive (payd) insurance, if the costs of this policy was based not only on the usual factors - the driver age, sex, place and type of vehicle - but also about how very The car was used.

Payd sole supplier of car insurance in Australia is Real insurance that have been on the market for about 12 months, and sells insurance in the 5000-kilometer blocks.

Real Insurance chief executive Roger Grobler says more than half of policy holders purchased at least 5000-kilometer option.

"If you are not using a car, you can not get involved in an accident," Mr Grobler said on Friday.

"The more you drive, the more is expected of you is involved in an accident insurance should cost more.

"Traditional insurance simply does not work this way."

Institute of Actuaries of Australia said that 3.2 billion U.S. dollars of annual savings - which is approximately equal to 304 U.S. dollars per vehicle - not only for the flow of drivers in the form of lower insurance costs.

Cities and governments also benefited as less cars on the road mean fewer accidents, less congestion and reduced demand for maintenance of roads and cleaner air through the lower levels of pollution.

These findings were presented at the Institute's biennial convention in April of this year.

"Australians drive too much, because a large part of the costs of driving are not paid directly by the driver or owner Colin Priest Institute said in a presentation to the convention.

"We estimate the Australians will be seven percent less disk km if included in the Australia payd.

Mr Grobler said a very small decrease in the extent to which people used their cars would be "an enormous impact both on individuals and society."

Financial analyst in Canstar Cannex, Joshua Zenas said payd those with insurance have to keep track of how many kilometers have been logged.

"We need to be aware of where exactly you can afford and how many kilometers you are on the left side," said Mr. Zenas from Brisbane on Friday.

"This is not an additional burden to the driver."

Mr. Zenas said those who were not heavy the driver could potentially benefit financially from payd method.

"There is a significant level of savings, depending on the type of driving I do," said Zenas.

Some overseas suppliers used payd yearly odometer checks or a device installed in a vehicle to track the course, but Mr. Grobler said Real Insurance did none of those things.

"This is a principle based on trust, there is no monitoring," said Mr Grobler.

Payd Mr Grobler said the insurance was available in the U.S., Canada, Japan, South Africa, India and parts of Europe.

The average driver drives 14,600 km per year, according to data from the Australian Bureau of Statistics.

Auto Insurance Premiums to Be Hiked Due to Rise in Base Rate

The Insurance Rating Organization of Japan said Tuesday has raised the reference rate of insurance loss costs for cars by an average of 5.7 per cent, paving the way for the property and accident insurers to raise their auto insurance premiums in fiscal 2010.

The growth rate includes 19.9 percent for drivers aged 60 years and older, and 10.3 percent for those under 30, the organization said.

Nonlife insurance companies determine premiums for their insurance policies on the basis of the call rate for advisory loss costs or pure risk premium rates calculated by the organization.

The first attempt to enter the reference rate for auto insurance in nine years is due to increased auto insurance payments to policyholders, which consumed nonlife insurer’s earnings. For example, Mitsui Sumitomo Insurance Co. paid the premium as 73.2 percent for payments to policyholders in fiscal 2008 ended in March.

To see more of Kyodo News International, go to http://www.kyodonews.com

Top Gear’s insurance fraud blunder

Insurance Board Top Gear presenters should not be taken seriously, a financial expert has warned.

This week's episode the popular TV motoring show presenter James May advised young drivers that they can slash their insurance through their mom and dad, to ensure their car for them.

"The only way to obtain a realistic falls in 17, when you are in your parents' insurance," May said.

However, in May for the co-presenter Richard Hammond stressed, "fronting insurance in this way is illegal and could lead to huge fines, points to a driver's license, fines and even imprisonment.

"If you decide to put on your parents and you have a breakdown insurance, and insurance company to find out that there was a car, you will not be paid" Hammond said.

"Then I can prosecute you and you may need to go to prison."

Hayley Parsons, the Executive Director GoCompare.com, echoed Hammond advice.

"Although few people would Clarkson suggested that the change of sex can help 17 year old boys halve their contributions seriously, fronting the common fraud, and urges parents to avoid the practice if found out, the consequences can be serious, Parsons said.

She added that drivers caught fronting would be difficult to obtain car insurance in the future ", as most insurers [will] refuse them."

Kwik Fit sees sales rise during battle of the sexes

On Monday, Kwik Fit Insurance (KFI) enjoyed its second year of hosting the sales battle of the sexes. KFI saw some of the best data on the sale of ten and a half years, and negotiated significant savings to their customers. The company sold 1,300 new car insurance policies, the 5-best car insurance you to record sales. In addition to home insurance policies have a very good day, recording 2. Sales in the history of the company. To spice to combat the sale of sex was for men and women participating in the physical and mental challenges, as well as the view that the parties would divide the sexes on a stand selling the most. After twelve hours of sale, the people were victorious in the sales arena.

Gender bias costs male motorists £17,000

New research from moneysupermaret.com an average annual premium for male motorists in all age groups in the £ 743, compared to just £ 454 for women.

According to price comparison site, male drivers can therefore expect to pay around £ 17,000 more than women for car insurance during motoring.

Several factors play a role in gender bias, but Moneysupermarket makes the point that the Home Office study in 2006 found 97% of drivers convicted of dangerous driving, and 94% of those sentenced to death by causing dangerous driving were male.

In addition, the average distance covered by the men in the UK during the 12 month period of 12,000 miles, while for women the number drops to 8000.

Women are also more inclined to take shorter routes than men and at lower speeds.

The cost of covering the difference between men and women is skewed by age, with the average premium for 18-year-old male driver is more than £ 2,200 a year, or more than £ 1,905 premium for the average male driver in his 40s.

Moneysupermarket recommends the following ways of reducing the premium for both sexes Equipment immobilizer or an alarm, garage and parking overnight on a more conventional model with a small engine.

The driver may also check their annual pass, and whether savings can be made in the course of restricted policy.

Finally, new drivers can reduce premiums by as much as 35%, taking the Pass Plus test to have their driver's license.