News

In the 2016 budget, Chancellor George Osborne announced a rise in Insurance Premium Tax by 0.5%. This means an increase from the current rate of 9.5% to 10%. The new standard rate of IPT will be due on insurance premiums treated by the legislation as received on or after 1 October 2016.
(more…)

Insurance is often thought of as a something that gives you peace of mind; a safety net should the unthinkable happen.  Another way to look at it though is to consider how beneficial to our society its existence has been!

In a recent paper by the Chartered Institute for Insurance, the CII, it draws your attention to the social benefits of having insurance and asks you what the world would be like without insurance.

(more…)

With more and more people shopping on line, personal lines business is becoming harder to secure for the independent broker. But why does it matter that they continue to thrive in this area?
(more…)

We are pleased to announce the launch of our brand new website! The website is the result of a lot of work done by our team in order to meet our objective of providing an improved service for our clients.

(more…)

The insurance industry is breathing a sigh of relief after a judge rules in the insurers favour for an insurance scam known as ‘crash for cash’ and people were successfully prosecuted as a result.

The investigation into the fraud cases was initiated after two insurance firms, LV and Esure received suspicious insurance claims which were very similar in terms of their circumstances and claimants to 5 previous accident claims.
(more…)

Following the launch of our Private vehicle Breakdown and Recovery product, OnClaims has expanded its portfolio again creating a new Breakdown product that covers taxis.

Again provided by of the largest recovery organisations in the world, it means that taxi really is only 5 minutes away when you call !

(more…)

The FCA’s first white paper into the sale of add ons wasn’t a great read for brokers and wholesalers alike. Their initial findings made reference to poor claims ratios and directly linked this to an assumption that add on products were of poor value to the purchaser.

(more…)

Congratulations to Hayley Bott, Claims Handler at OnClaims Ltd on passing her IF1 exam. Hayley studied and passed the IF1 exam whilst working towards her NVQ in Financial Services, which has been tailored to cover the day to day skills required to help customers through their Motor Insurance Claim. Achieving her IF1 takes her a step closer to becoming Cert CII qualified so well done Hayley and keep going!

OnClaims is pleased to add a new Breakdown product to its Broker range serviced by one of the largest recovery organisations in the world. Unlike other options available on the market, our Breakdown & Recovery product covers both mechanical failure and accident damage, meaning your customers have full peace of mind following an accident.  The cover options, allow your insured to choose the exact cover they require to suit their budget.

For more information, why not view our products. Click here for more information.