’The more engagement between insurers and their customers, the easier it is to mitigate the risk of claims,’ says directorInsurers have been told that it will be easier to mitigate the risk of weather-related claims by engaging more with consumers ahead of extreme scenarios. He highlighted that the insurer was helping consumers prepare for claims through its warning service, which was created in partnership with Previsico. ”Insurers are looking to mitigate risk and therefore the number of claims,” Carter explained. “The rise in extreme weather scenarios is going to make insurance much more expensive, which is a big problem – particularly for those most likely to be affected, such as people living in coastal areas,” Carter said. Claims director Stephen Linklater said: “Extreme weather is becoming more common and as one of the UK’s largest personal lines insurers, we’re continually looking at new ways we can better support our customers.”

Source: The Times November 06, 2023 14:59 UTC