ILC’s Exclusive Motor Claims Conference took place last week at London’s tallest event space, providing the perfect opportunity for a high-level overview of developments across the market.
Headline sponsored by Enterprise Rent-A-Car, and sponsored by EDAM Group and LexisNexis Risk Solutions, the event covered a host of topics from the rise of insurtechs to credit hire, movements within the repair sector and shared opinions on challenges across the sector.
Hosted by ILC MD, Mark Hadaway the day got underway with a fascinating insight into ‘Motor Insurance in a Modern World’ documenting the rise of insurtech Marshmallow courtesy of Insurance Director, Paula (Coulthard) Griffiths.
Paula highlighted how behind the ‘tech’ element of Marshmallow sits “predominantly ‘non-insurance people’ with a relentless focus on customer experience” which combined with an ongoing appetite for research and development has provided solid grounding for the insurers exponential growth.
Panel sessions offering highly candid discussions around credit hire, personal injury and data insights all provided deeply insightful aspects to the agenda and gave the sense the industry was increasingly invested in understanding the internal challenges and opportunities that exist.
An ‘open session’ – using slido audience participation technology – also ensured all attendees had their say on some of the hottest topics of the day – 80% suggesting that the industry was yet to settle into a ‘new normal’.
The day also included two fireside type interviews – one with Richard Steer, CEO of rapidly expanding Steer Automotive Group and another with Geoff Carter, CEO of Sabre Insurance. Both offered highly engaging insights into their respective business operations and views of the sector, as well as hinting at further positive advances in the future.
Concluding the event, Mark said, “There is no doubt with all that is happening economically, politically and geopolitically we find ourselves in very uncertain times yet from what we have heard today the industry is evolving to ensure it is fit for purpose with the agility to cater for future customer needs.”
