Update on ClaimsComparison.com
As was kindly reported as the lead story in Insurance NEWS this week, the first review of the ratings has been completed by the LMI ClaimsComparison research team. Several insurers have had a rating change typically no more than 1 star in either direction.
At this stage we are still only rating the personal lines classes but we are in the finishing stages of fine tuning a survey that will increase the claims rating service to 17 product classes.
Both Insured’s and those in the claims process, particularly insurance intermediaries and suppliers can have their say either on a individual claims experience or all claims over the past 3 months.
I will post another article when this feature goes live.