06.07.2023 Views

Modern Insurance Magazine Issue 60

This issue features... Insight: Every Cloud Has A Silver Lining, by Tim Yeates, Co-Founder, Carbon1 Ltd. Interview: Modelling Modern Risk with Dr Kirsten Mitchell-Wallace, Director of Portfolio Risk Management, Lloyd’s of London Interview: Searching for Answers with Iain Willis, Research Director, Gallagher Research Centre Editorial Board: Find out what our editorial board panel of experts have to say in this edition of Modern Insurance Magazine A Final Word with Steve White, Chief Executive, British Insurance Brokers' Association (BIBA) Is it time for Risk Managers to rethink their role in the Climate Crisis? by François Lanavère, Head of Strategic Partnerships, AXA Climate Associations Assemble: Modern Insurance’s panel of resident associations outline the burning issues in insurance Just a Thought with Eddie Longworth - Building Trust through Responsible AI in Claims: Championing a Voluntary Code of Conduct Making Efficiency Gains in Subsidence Claims, by Chris Carlton MRICS, New Business & Key Account Director, Geobear Chemistry for a Sustainable Future: Q&A with Grant Dempsey, Sales Manager - Distribution, BASF Automotive Refinish UK & Ireland Industry Collaboration: Working together to provide the best mobility solution, with James Roberts, Business Development Director, Insurance, Europcar Mobility Group UK Thinking Upside Down: Mind the Protection Gap, by Ashley Preece, Product Owner, Claim Technology In Conversation with… Neil Garrett, UK, South Africa & Nordics Sales Director, Solera | Audatex A New Climate for Claims, from I Love Claims / ARC 360 10 Mins with… Ola Jacob, Independent Insurance Advisor In Celebration: Modern Claims Awards 2023 Insur.Tech.Talk - Interviews with Stephen Weinstein, Former Chair of the Bermuda Business Development Agency; Bill Churney, President, Extreme Event Solutions, Verisk; Jacqui LeGrand, CEO, Maptycs; Heather H. Wilson, Chief Executive Officer, CLARA Analytics Insur.Tech.Talk Editorial Board - Experts from within the insurtech sector and beyond join us once more to share their unique insights!

This issue features...

Insight: Every Cloud Has A Silver Lining, by Tim Yeates, Co-Founder, Carbon1 Ltd.
Interview: Modelling Modern Risk with Dr Kirsten Mitchell-Wallace, Director of Portfolio Risk Management, Lloyd’s of London
Interview: Searching for Answers with Iain Willis, Research Director, Gallagher Research Centre
Editorial Board: Find out what our editorial board panel of experts have to say in this edition of Modern Insurance Magazine
A Final Word with Steve White, Chief Executive, British Insurance Brokers' Association (BIBA)
Is it time for Risk Managers to rethink their role in the Climate Crisis? by François Lanavère, Head of Strategic Partnerships, AXA Climate
Associations Assemble: Modern Insurance’s panel of resident associations outline the burning issues in insurance
Just a Thought with Eddie Longworth - Building Trust through Responsible AI in Claims: Championing a Voluntary Code of Conduct
Making Efficiency Gains in Subsidence Claims, by Chris Carlton MRICS, New Business & Key Account Director, Geobear
Chemistry for a Sustainable Future: Q&A with Grant Dempsey, Sales Manager - Distribution, BASF Automotive Refinish UK & Ireland
Industry Collaboration: Working together to provide the best mobility solution, with James Roberts, Business Development Director, Insurance, Europcar Mobility Group UK
Thinking Upside Down: Mind the Protection Gap, by Ashley Preece, Product Owner, Claim Technology
In Conversation with… Neil Garrett, UK, South Africa & Nordics Sales Director, Solera | Audatex
A New Climate for Claims, from I Love Claims / ARC 360
10 Mins with… Ola Jacob, Independent Insurance Advisor
In Celebration: Modern Claims Awards 2023
Insur.Tech.Talk - Interviews with Stephen Weinstein, Former Chair of the Bermuda Business Development Agency; Bill Churney, President, Extreme Event Solutions, Verisk; Jacqui LeGrand, CEO, Maptycs; Heather H. Wilson, Chief Executive Officer, CLARA Analytics
Insur.Tech.Talk Editorial Board - Experts from within the insurtech sector and beyond join us once more to share their unique insights!

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EDITORIAL BOARD<br />

Our Response to<br />

Catastrophic Claims<br />

Every incident and every claim that we<br />

are involved with has the potential to be<br />

catastrophic to someone. Nationwide Vehicle<br />

Assistance pride themselves in providing a<br />

total support solution to all stakeholders in<br />

these situations, from insurers and vehicle<br />

manufacturers to drivers and policyholders.<br />

Incidents involving chemicals and hazardous goods have the<br />

potential to be some of the most catastrophic situations within our<br />

remit. Nationwide Chemical Assistance is our specialist division, and<br />

we’re proud to say that it remains one of Europe’s largest recovery<br />

solution companies in this sector. Our network of audited businesses<br />

and qualified ADR licensed drivers have vast experience of incident<br />

handling, and we also employ our own Dangerous Goods Safety<br />

Advisers. Ongoing training is essential, with every qualified driver<br />

working towards 35 hours of CPC training to maintain their license<br />

and remain fully competent in their duties. ADR licenses are renewed<br />

every 5 years.<br />

For our corporate customers, we are acutely aware of our<br />

responsibilities around protecting and upholding their brand values<br />

and standards. As such, our recovery agents are regularly instructed<br />

to ensure that these requirements are met at all times. This ethos<br />

translates into industry-leading response times and an unrivalled<br />

level of customer care. Our on-the-scene image capture capability<br />

underpins the vital role we play at an incident; API links with<br />

customer systems to speed up the notification process and eliminate<br />

the need for double keying. All of these processes have a positive<br />

impact in the handling of potentially catastrophic claims.<br />

We regularly hold customer demonstration days to present our range<br />

of services and our response to major incidents. These are delivered<br />

to fuel companies, a range of emergency services and recovery<br />

operators. We welcome insurance companies and other key industry<br />

stakeholders to attend and observe our demonstration days too.<br />

For drivers and policyholders, any form of accident is likely to feel<br />

catastrophic. Our core team and our wider network of agents are<br />

understanding and empathetic to the nature of this stress. With<br />

a typical response time of just 55 minutes after FNOL, and with<br />

our quick and efficient communications, we do everything we can<br />

to put drivers at ease. If they are unable to continue their journey,<br />

Nationwide Vehicle Assistance will arrange onward transport to their<br />

destination or even overnight accommodation if required.<br />

To find out how we can help your customers, please contact the team<br />

at sales@nwva.co.uk or by telephone on 01621 730039.<br />

Mick Jennings,<br />

Managing Director, Nationwide Vehicle Assistance (NWVA)<br />

Navigating the<br />

Skills Gap<br />

The skills gap in the accident repair industry<br />

has been a major challenge for many years,<br />

although Gemini Accident Repair Centres are<br />

transforming that.<br />

Rewind to 2017. An aging technician demographic, combined with<br />

a lack of investment in training and recruiting, had led to a massive<br />

shortage of skilled staff in the sector. As a business and an industry,<br />

change needed to happen fast.<br />

At Gemini, we accelerated the adoption of a training team, a<br />

team that has now grown to cover all fundamentals necessary to<br />

bodyshops and future technology advancements. This team initially<br />

began mentoring apprenticeship routes to guide young talent<br />

entering the industry into life-long careers, but now it oversees<br />

the project of retaining and developing existing talent, maintaining<br />

required skill sets. A key aspect of this ensures that developments<br />

in technology advance hand in hand with the skills required by<br />

technicians and vehicle damage assessors.<br />

There was an initial battle in the skills gap environment, where most<br />

industry experts battled with how to make impactful and necessary<br />

changes. Our relationships are key at Gemini, working alongside<br />

partnerships such as EMTEC (part of Nottingham College), and<br />

AutoRaise, the industry charity for apprenticeships. We made it a<br />

priority to work alongside partners with the same thirst for making<br />

change around education and development.<br />

Year after year, we have recycled this strategy of navigating the skills<br />

gap. Following the success of our Multi-Skilled Technician and Vehicle<br />

Damage Assessor apprenticeships, we continue to bridge the skills<br />

gap and progress to the next rung of the ladder, with a present focus<br />

on centralising our recruitment plans. This means that roles are quicker<br />

to fill, and we can turn our heads to a talent pool of staff who have an<br />

impressive list of skills across multiple disciplines.<br />

Ongoing advancements in the repair world will continue to bring<br />

around fresh challenges, as well as opportunities. It’s all about being<br />

prepared and ready to invest in managing change, starting with the<br />

people. Yes, technology is evolving, but so are we.<br />

Dave Sargeant,<br />

Managing Director, Gemini Accident Repair Solutions<br />

MODERN INSURANCE | 29

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