The use of electronic portals for subrogation claims is set to become widespread among motor insurers as concerns such systems could be anti-competitive were quashed by the first companies to use the technology. Aviva and Ageas confirmed on 21 January they had reached a bilateral agreement to keep the cost of subrogated claims as low as possible…Details
Covéa Insurance has confirmed it is piloting the electronic subrogation portal on which Aviva and Ageas went live recently. The portal – designed by Validus-IVC aims to reduce the number of “touches” between insurers when subrogating the cost of a non-fault claim. Covéa senior third party claims manager Javier Gonzalez said: “This portal is designed…Details
Aviva and Ageas are the first companies to reach an insurer-led agreement to reduce the cost of handling third party motor claims following the 2014 Competition and Markets Authority motor insurance ruling. The CMA’s ruling on motor claims left insurers to find better ways of working to reduce the cost of non-fault claims. The Aviva and Ageas…Details
Validus is delighted to have been accepted onto Guidewire’s PartnerConnect programme. Work has commenced to build a Guidewire Accelerator module that will provide seamless connectivity between Guidewire’s ClaimCentre and verify™.
Validus-IVC Ltd, the fast growing insurance services business based in Norwich, today announced a number of key appointments to its senior team. Steve Crowe joins from Aviva as chief financial officer, Iain Bryce (also ex-Aviva), is the new programme & change director, and Ian Gray is appointed director of commercial partnerships. They join Phil Becker…Details
Validus Chief executive Mike Srokowski said: “We are absolutely delighted to win this award. Although our submission focused on how we’ve harnessed our pioneering technology to spot fraud during the claims process, praise must also go to our highly trained people and their deep expertise in this marketplace.He said the company’s claims analysis platform, which…Details
The Insurance Times Awards evening is one of the industry’s most prestigious events and it is therefore a significant achievement to be shortlisted.
I am pleased to announce that Validus won the ‘Outsourced Partner of the Year’ award at the 2013 Post Technology Awards Event. The accolade was awarded for “a solution that helped remove conflict in its chosen sector, delivering faster settlement and lower costs and ultimately benefiting the consumer and transforming a dysfunctional market”. The awards…Details
Dealmakers double for Validus-IVC MBO The £12m MBO of Validus-IVC was the big winner at the prestigious Insider Central and East Dealmakers Awards, held on the 7th November. The acquisition picked up two awards, ‘Deal of the Year’ and ‘Entrepreneur of the Year’, which was awarded to the company’s chief executive officer, Mike Srokowski.LDC, which backed the…Details
To reach the shortlist for one award in a single year is an achievement in its own right, however to be shortlisted for two awards demonstrates our commitment in developing technology-based solutions that deliver real benefit to our clients. The Post Magazine Insurance Technology Awards are due to be held at The Royal Garden Hotel,…Details