InsurTech Futures: Biba launches claims app

smartphone-apps-sharing

Trade body teams up with Insure Apps on new InsurTech offering with aim to reduce claims reporting time and costs.

The British Insurance Brokers’ Association (Biba) has launched a smartphone app facility with Insure Apps which it said can reduce the average claims reporting time of 23 days by up to 90 percent.

The trade body noted that the app, called Claims Made Easy, would also significantly reduce claims costs, adding that it is available to Biba members at discounted rates.

According to Biba the app utilises technology to speed up, standardise and streamline the claims process, and provides an

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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