Over 900 comparisons in the last 3 months alone! Twice as much as this time last year.
With Unfair Contract Terms (UCT) now in effect, all Insurers have been releasing their updated wordings and its definitely busy times at PolicyComparison!
Our team are working extra hard during these times and are prioritising broker wordings first.
Look out for the “Pending” flag on comparisons, watch this space for the new comparison in the very near future.
Please contact me directly if you have an urgent need for any wordings in Pending mode and we will ensure it is escalated accordingly.
Continued softening of conditions in favour of the Insured across the classes resulting from UCT remediation, particularly in Basis of Settlement some examples are:
– more Choice of Repairer for the Insured
– less onerous conditions to enable the Excess Waiver when accidents not the Insureds’ fault
–“at Insurers option” being replaced with “we will”
-premium adjustment clauses being softened or removed
Clearer Cyber/ Data exclusions
When Show What’s New is switched on our comparisons clearly highlight changed coverage outcomes by highlighting them bright green in the comparison detail
See the new features in PolicyComparison here.
If you or would like to learn more about PolicyComparison, please feel free to contact us here.
Also, we run free webinars on all of our eServices, you can see the list of webinars here.
Leave a Reply