Someone else should be checking my insurance application for accuracy, say nearly a third of consumers

New research from insurance technology provider SSP has found that 29% of consumers mistakenly believe that they are not responsible for checking the accuracy of their own motor insurance applications and more than 1 in 10 people (14%) don’t realise that inaccuracies in their personal details could invalidate their policy. Read more

Falsifying car insurance details “acceptable” according to 55% of Brits

Over half of consumers believe that falsifying personal details to get a cheaper deal on car insurance is fair game, according to new research from insurance technology provider SSP. Read more

Sabre opts to tackle fraud with SSP Verify

SSP, a leading global provider of insurance technology solutions has signed a deal with Sabre, which will see the insurer become the first to market adopting SSP’s fraud combatting application — SSP Verify.  Read more

Progressive Direct Signs On with SSP Pure Insurance

SSP, a leading global provider of insurance technology solutions has been selected by Progressive Direct Insurance Company (Progressive) to provide its Pure Insurance solution in Australia, replacing Progressive’s existing legacy administration systems. Progressive offers a 100 per cent online, low cost car insurance solution for Australian Motorists. Read more

£1.42bn: SSP uncovers the cost of ‘lost premium’ fraud to the UK intermediary motor insurance industry

New data from SSP reveals that motor insurance fraud in the broker channel costs the industry a potential £1.42 billion in lost premiums due to customers deliberately manipulating their risk data when looking for a quote. This misrepresentation reduces the premium paid by a whopping 46% on average, with customers typically saving themselves almost £295 each by manipulating personal information such as their occupation, where they keep their car overnight, or the number of motoring convictions they have.  Read more