Blogs

Guest blog: Quarterly Building Repair Cost Review 2019 and potential impacts on insurers

By Peter Wassell, Quantity Surveying Director, Sedgwick. A recent building repair costs review conducted by Sedgwick in the first quarter of 2019 provides an update on the current situation and takes a look at the issues that could potentially impact on insurers’ building repairs costs over the months ahead. The report highlights five main points…

How can we better support policyholders with subsidence claims?

The forecast of a long hot summer doesn’t quite have the same ring to it for those of us in the wider insurance industry. In contrast with the prospect of floods, comes the season of drought, and 2018 saw some parts of the UK encounter their driest months on record. With this comes subsidence surges,…

How does business interruption insurance benefit you and your business?

If your business was affected by flooding or fire damage, how would you continue operating business as usual? Your property insurance may cover the physical building damage, but not the resources needed to continue trading. In a lot of cases, business interruption insurance is left in the background and often, is only discovered when it…

How can technology help communities to improve flood response and resilience?

With flooding in the UK a high risk in some areas due to storm surges, heavy rain and other environmental factors, it is apparent that flood measures need to be constantly developed and adapted. Since the well documented UK floods of 2007, the industry has invested a lot of time, money and effort in to…

How can damage management companies ensure they are prepared for surge events

The link between climate change and the rise in UK floods is becoming more apparent for the industry. Plus, with climate change becoming an ever-increasing issue, severe storms and flooding remain a high risk. However, during these times of unpredictable weather, the damage management industry faces on going pressure and especially considering the need to…

Guest Blog: Modern Methods of Construction

By James Dalton, ABI. Modern Methods of Construction (MMC) are best described as construction methods that differ from ‘traditional construction’ in that there is more focus on off-site construction and using factory-built or modular components. MMC are becoming increasingly common in the construction industry and are likely to be one initiative to help enable the…

Why specialist restoration should not be overlooked

Naturally when a home or business is damaged by the likes of an escape of water or fire, immediate attention goes to salvaging the building elements of the property. As the most monetarily valuable of the damaged assets this certainly makes sense. Yet, it’s likely not the first thought to the property owners, and probably…

How will developing technologies affect property restoration demand?

Developments in customer relations, equipment and restoration techniques have come as a result of technology advancements. In a world full of uncertainties, one thing can be sure – technology is affecting property insurance claims and the way they are handled and resolved. Yet, just how are we going to see the demand of property restoration…

Guest blog: Claiming – the future

By Malcolm Hyde, Executive Director, The Chartered Institute of Loss Adjusters (CILA). The news is full of uncertainty: Brexit, climate change, trade wars, territorial incursions and wars are our everyday background. Add this to the social and ethical seismic shifts that are underway and we can all be forgiven for feeling unstable. The Chartered Institute of…

The BDMA’s predicted industry trends for 2019

2018 has been a progressive and eventful year for the damage management and wider insurance industry. The industry has grown further into the digital era and faced the impact of GDPR, whilst we have seen a rise in escape of water costs, consumer expectations, demands on the supply chain, and so much more. It’s been…