Davies

Our colleagues at MDD Forensic Accountants are looking forward to next week's Onshore Energy Conference London. Attendees can also catch Lee Swain ACMA, CGMA on stage. #OnshoreEnergy #OEC2024

We are back with the fourth edition of the Insurance Insights newsletter after a busy couple of months... Click here to read about the insurance stories and events of September and October ⬇

As we approach the winter months, it's time for insurers to prepare for harsh weather - and the damage claims that come with it. Last year, extreme weather including storms, floods and freezing temperatures resulted in damages costing the industry a record £573 million in insurance claims (ABI). With the weather trends appearing to continue this year, make sure you're prepared for the incoming uptick in damage claims. Our team will deliver a full end-to-end service, from diagnostic triage to a complete emergency resolution, and even business continuity support. Let us take care of the damage, so you can better serve your customers. Enquire about our services here: https://lnkd.in/ec_u6H4U #Claims #ExtremeWeather #HomeEmergency

Over £1.4 billion was paid out in claims by property insurers in the second quarter of the year, according to the ABI. Home and business owners are struggling to cope with events caused by adverse weather, like fire and flooding- and insurers are struggling to keep up with claims. You can't predict when emergencies happen, but help is on hand for when they do. We provide emergency assistance and response, alongside contact centre services that support your teams when you need it most. Get in touch today to ask about our comprehensive property solutions: https://lnkd.in/ec_u6H4U #PropertySolutions #ABI #Claims

We’re excited to announce that we have signed a deal to acquire the trade and assets of Bespoke Training Solutions (BTS), a leading learning and development consultancy specialising in regulated exam support for the financial services sector. Alongside co-founders Luiza Todd FPFS CFP and Jeff Scholes DipPFS, BTS’ experienced employees will join our learning & development team, headed up by Managing Partner Paul Johnson and Senior Partner Craig Potter. The team will continue to support and provide training materials to candidates subscribed to BTS’ Digital Academy.    Please give a warm welcome to BTS, as they join Davies! Together, we will help professionals excel in their careers within the insurance and financial sectors. https://lnkd.in/ek2i4G6g

Last night, the Women in Insurance Awards took place at Park Plaza Westminster Bridge in London, celebrating the achievements of women in the insurance sector. Catherine Kober, Partner at our Legal solutions arm, Keoghs, was nominated for the Insurance Lawyer of the Year award. While she didn’t win, we are incredibly proud of her accomplishment in making the shortlist. Her recognition highlights the ongoing efforts to improve diversity in our industry. A big thank you to the Women in Insurance Awards for hosting the event and providing a platform to showcase the achievements of women working towards establishing equality across the insurance market. Well done, Catherine!

We saved our client over 45% in damages (and even more on potential costs!) in a workplace injury claim, and here’s how we did it ⬇️   In this case, the claimant injured their back while moving furniture without a manual handling risk assessment and proper training. Despite the initial valuation of over £32,000, we lifted the load from our client by challenging the value of the claim and highlighting key factors, such as the fact the claimant was over 70 years old and failed to mitigate their losses.   After intense negotiations and a well-pitched Calderbank offer, our strategy paid off as the case was settled for less than 45% of the initial claim. More importantly, we limited costs by keeping the claim within MOJ Portal limits.   Another day of delivering excellent results for our Casualty Team – well done!   Read the full case study here: https://lnkd.in/eGZEGAdJ

Earlier this month, our research and forensics team were awarded “Highly Commended” at the Claims and Fraud awards for their groundbreaking research into the roadworthiness of mopeds!   The research proved that mopeds can in fact sustain greater impact than previously thought before being declared unroadworthy; meaning insurers don’t have to pay out thousands in false claims, and honest customers don’t have to experience such drastic increases to insurance premiums.   We are so honoured to have received this prize as it highlights what our forensics team is all about: improving knowledge with a research-based and reasoned approach. It’s a great bonus that we are creating better outcomes for insurers and consumers too! #Award #Claims #Fraud

Over half (54%) of all fraudulent claims made in the UK in 2023 were motor claims (ABI). 45,800 motor scams were recorded, costing the industry a total of £501 million. Our dedicated team of motor claim experts are focused on the handling and investigation of potentially fraudulent claims. With our in-house fraud detection tool Dtection, your claims are screened using intelligent triggers, data matching and more, to keep your business protected at all times. Join 7 of the UK's top 10 motor insurers in partnering with us to defeat fraud by getting in touch today: https://lnkd.in/ec_u6H4U #Fraud #MotorFraud #Claims

As property insurers brace for winter, the memory of last year's record-breaking storm events looms large. The busiest storm season since the Met Office started naming them created a sequence of claims surges that were felt across the industry. Our commitment to providing market-leading service for insurers and their customers remains unwavering. We have developed a unique response protocol ensures swift action, effective communication, and seamless support for policyholders.    What does this winter hold for us? Only time will tell, but we're ready to face whatever comes our way. Together with our insurer partners, our Buildings Validation Solutions team are committed to ensuring that every customer feels supported, no matter the storm.