Much water has passed under the bridge since I last wrote to provide an update on Brexit. Following its departure from the EU on 31 January 2020 the UK will enter a transition period which is due to end on 31 December. During that time the UK will continue to be subject to EU law and little will change, but thereafter (absent any extension of the transition period) the 4th Motor Insurance Directive will cease to apply.
"In my last message to you I focused on the risk of a no-deal Brexit and the possibility that insurers may need to issue green cards for all policyholders wishing to travel abroad including to the EU. Following parliament’s rejection of the government’s proposed Brexit deal, this issue remains at the forefront of our concerns."
"My last message in October highlighted the increasingly significant risk that insurers may need to issue green cards in high numbers from 29 March 2019 if the UK were to leave the EU without a deal. This message provides an update on this situation for members."
At the moment, driving across borders in the EEA is easy, but that could all change. Read about the possible scenarios for cross border travel post Brexit.
If the protection of visitors arrangement is not retained post-Brexit visiting victims may need to pursue their claims overseas.
"My strong message to you is that insurers need to plan for no deal and having to issue green cards by 29 March 2019."
Insurance Post claims awards shortlist MIB's victim centred, collaborative approach
askIDA is a new publically-available tool being developed in response to a core recommendation of the Insurance Fraud Taskforce to make claims data freely available to the general public.
Voting for the resolution on the mutualisation of risk related to terrorism liabilities closes on 19 July 2018.
View our recently published Annual Report and Accounts for 2017 and learn more on our strategy and key developments.
The vote is open until 19 July 2018. It is imperative that every vote or non-vote is a conscious decision by the insurer - not a missed opportunity to express a choice.
MIB will be showcasing the vital role that data plays in reducing the levels and impact of uninsured and hit and run driving, fighting fraud and improving the customer experience, at the BIBA 2018 Conference and Exhibition on 16 and 17 May.
MIB has announced that Dominic Clayden will join the company as Chief Executive and the Board as an Executive Director on 14 May 2018, succeeding Ashton West OBE.
The CJEU case of Fidelidade-Companhia de Seguros SA v Caisse Suisse de Compensation is perhaps easier to explain than to pronounce! However, it looks set to mean that insurers will no longer be able to use provisions in the Road Traffic Act to avoid liability for third party claims when false or incorrect information has been provided by the policyholder.
CRASH, as it is known in police circles, is an online reporting tool developed in conjunction with DfT (Department for Transport), which uses the latest technology to provide officers attending the scene of an accident with a secure online tool capable of minimising the effort and reducing the time needed to capture the necessary information.
The draft Data Protection Bill has raised challenges relating to the ‘legal basis’ which can be relied upon to process special category (e.g. racial, political, health data etc.) and conviction data. This is because the exemptions within the GDPR, do not naturally allow the insurance industry to continue to process such data.
Police forces across the UK recently took part in the second national week of action tackling uninsured driving. Operation Drive Insured (ODI) took place 16 - 22 October 2017, and was jointly organised by MIB and the Police.
The rules in Article 76 of the Motor Insurers’ Bureau (MIB) Articles of Association set out the minimum requirement for Members to achieve in submitting data to the Motor Insurance Database (MID).
MIB manages numerous customer databases and has a major role in data asset management for the insurance industry. As we work towards a seamless transition to new data protection laws, including GDPR, we will be taking a close look at some of the major areas of change that insurers need to look out for. In this issue, MIB Insight focusses on Accountability.
In July the European Commission launched their long-awaited review of the Motor Insurance Directive. In 'Brussels speak' the process for reviewing the Directives is called “REFIT”, which is part of the EU’s better regulation programme. This article considers the timelines and a key area of interest to us: mitigating the effects of the Vnuk judgment.
As with all things Brexit, there is uncertainty about the future of the motor insurance arrangements for cross border travel. Whilst the scheme is still in place, the Green Card itself is now sparsely needed by UK travellers thanks to changes in European Law.
Three of the top five motor insurers are now using the MyLicence service. Furthermore, all the major price comparison websites are capturing the driving licence number, as part of their quote process, resulting in capture rates of up to 40%.
Whilst large scale fraud, or those involving organised criminal groups are more likely to grab media headlines, fraud teams across the insurance industry are also faced with the challenge of identifying opportunistic fraud on smaller value cases, where decision making can be dictated by economics.
In our June special edition of Insight, we explained why UK motor insurers are dealing with claims arising from terrorist attacks involving the use of a motor vehicle. This followed the tragic events on Westminster Bridge, London Bridge and Finsbury Park.
We are all sadly only too well aware of the tragic events which unfolded on the 22 March 2017 in Westminster and on 3 June 2017 on London Bridge, both involving the use of a motor vehicle to perpetrate a terrorist attack tragically causing many injuries and deaths. This special edition of MIB insight discusses the implications for motor insurers and MIB following a vehicle based terrorist incident.
Following the IFT recommendations and feedback from the industry, the Claims and Underwriting Exchange (CUE) is currently being expanded to include travel insurance claims.
If the officer at the roadside suspects fraud then they can now inform the Police Helpline Agent at the MIB, and MIB will talk directly to the insurers’ counter-fraud team.
A report, commissioned by MIB from the Department of Criminology at the University of Leicester, provides new insight into the reasons why drivers fail to stop after an accident.
