We have formed a new industry-wide property damage task force, bringing together insurers, brokers, loss adjusters, legal specialists and corporates to identify emerging issues in the property claims sector and to help drive change.
The Task Force has been set up in response to an increase in both the volume and value of property related insurance claims across the UK. It brings together property damage claims professionals with a clear focus to identify market trends and generate awareness of emergent property damage claims issues, in order to support the formulation of claims strategies. Where appropriate to do so, the Task Force will also lobby for change in the property damage market.
John O’Shea, Head of Property Damage & Recovery at BLM said: “Property damage claims, across both personal and commercial lines, are on the rise and there is a clear need for a forum bringing different parts of the market together to focus on enhancing risk prevention, claims management and helping mitigate losses, for the benefit of customers and the wider market. The response to the Task Force has been very positive and we look forward to welcoming more members during the year. Fraud is also an area where collaboration is needed – particularly around escape of water - and one where we can bring real insight and data-driven intelligence to the table.”
Laura Hughes, Manager, General Insurance Policy, at the Association of British Insurers, added: “It is great to be involved in this Task Force, bringing together leading figures in the industry to improve awareness and understanding of property claims issues. This is a good opportunity to work collaboratively to improve outcomes for policyholders, insurers and their supply chains. I am looking forward to seeing how this develops.”
- Gain an awareness of emergent property damage claims issues across multiple industry organisations
- Support in the formulation of property damage claims strategy
- Access to thought leadership across property damage claims professionals
The core membership group meet quarterly and Chatham House Rules are observed to encourage open discussion and information sharing.
Our members include: