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DWF 3Sixty Blog

Elliott Seaton

Recent Posts

We'll always need insurance, won't we...?

Posted by Elliott Seaton on Oct 13, 2016 8:14:07 PM

It's no secret that Insurance technology is on the rise...and it's about time too. It's something that the industry has been lacking and in terms of embracing technology, it has been falling behind somewhat.

Images of the Jetsons and suped up DeLoreans aside, what do these tech advances mean for the industry. Will we even need insurance...

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Topics: claims handling, insurance claims, insurance, insurance technology

3 Insurance Tech Startups That Will Change The Industry

Posted by Elliott Seaton on Oct 7, 2016 1:50:23 PM

In the last 5 years, we have seen an immense rise in the number of Insurance Tech startups joining the insurance market. 

The majority of these startups are coming to fruition on the back of investment from Venture Capitalists and big Insurers branching out and trying something new. In this post I will tell you about some of the most innovative, so make sure to keep an eye out for them kicking up a storm in the insurance industry!

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How To Get The Most Out Of Your Claims Team

Posted by Elliott Seaton on Sep 29, 2016 1:17:38 PM

Claims handling can be an extremely fast-paced profession, especially for those working for the Public Sector.

Huge case loads and minimal resources mean that simple mistakes can easily be made and result in unnecessary costs that most local authorities can really do without. 

So how can this common problem be fixed? Continue reading to find out...

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Topics: claims handling

5 Tips to Help Local Authorities Get More From Their Data

Posted by Elliott Seaton on Sep 20, 2016 2:14:03 PM

I spoke about the importance of Data Integrity in a previous post titled 'You Can't Make Decisions Without Data'. The post outlined and discussed just how hard it is to make correct operational decisions without clean and accurate data. 

In this post, I will give you some tips that you can implement today and start using data to your advantage.

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Topics: councils, data management

[GUIDE] The Insurance Act 2015

Posted by Elliott Seaton on Sep 1, 2016 4:52:28 PM

 
The Insurance Act 2015 (IA2015) came into force on 12 August 2016.  We're pleased to present this guide,  written by Joanne Staphnill from Triton Global, an international firm of solicitors specialising in the defence of insurance claims. 

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Topics: Insurance Act

Self-Insurance: How do you do it? [4 Stages]

Posted by Elliott Seaton on Aug 15, 2016 2:23:49 PM

As belts continue to tighten, self-insurance is becoming an increasingly attractive prospect for saving money within public and private sectors alike. 

It has been around since the swinging 60’s but really started gaining ground back in the late 80’s and early 90’s. During this time there was a limited market for commercial public sector insurance such as Public Liability, Employers Liability and Property Damage.

As a result insurers were able to command very high premiums to cover any risks. Commercial insurance (e.g. covering catastrophes) had large deductibles of anything between £250k to £1m.

So organisations were left with two choices: Pay the higher premiums or self-insure becoming self-insured was the logical option. Since that time people have become more comfortable with higher deductibles.

So how exactly do you take on self-insurance? Continue reading to find out...

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Topics: Self-insurance

[GUIDE] Cyber Security: What You Need to Know

Posted by Elliott Seaton on Aug 5, 2016 10:17:46 AM

Cyber security is a topic that is often shrugged aside in the workplace. Many people seem to believe that data breaches and cyber attacks only happen on the bigger companies with more to lose. 

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Topics: cyber security

Self Insurance: The Pros and Cons

Posted by Elliott Seaton on Jul 29, 2016 3:21:39 PM

This post is an except from our latest eBook 'A Beginners Guide to Self-Insurance' You can download the full eBook for free here.

Self-insurance has been around since the swinging 60’s, but really started gaining ground back in the late 80’s and early 90’s. During this time there was a limited market for commercial public sector insurance such as Public Liability, Employers Liability and Property Damage. 


Despite its name, it often doesn’t mean 'not being insured at all' (that would be silly); although, technically if you have a large enough fund, then anything can be self-insured. Generally speaking, it's the process of retaining the risk of any predictable losses, whilst insuring the unpredictable ones.


In this post we will take a look at the key advantages and disadvantages of Self-Insurance, to give you the best idea of whether or not it's right for you...

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Why Your Old Claims Management System Is Costing You Money

Posted by Elliott Seaton on Jul 22, 2016 11:34:03 AM

Last year, 3Sixty Systems commissioned some independent research where we polled a sample of UK Councils. The aim was to establish the true challenges being faced by local government with regards to claims management.

Two of the key findings were:

  • Almost 50% of local authorities do not use specialist software for managing claims
  • Of those that do, 96% are using a system that is over 4 years out of date

You can download the full whitepaper by clicking here.

So why is this such a big issue? And why is it costing councils so much? Continue reading to find out 5 Reasons Why...

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Topics: Insurance Claims Management

4 Ways Brexit Could Affect the UK Insurance Industry

Posted by Elliott Seaton on Jul 19, 2016 2:37:23 PM

June 23rd saw the UK's exit from the European Union. It came as a shock to many, with the Remain Campaign odds on favourites to come through victorious. 

A month on, the UK population are still non the wiser as to what the future holds. All Brexit related movement is rather slow  since David Cameron announced his departure from Downing Street. However, the speculators continue to voice their predictions and try to come up with the magic formula that will paint a picture; looking into the UK's future. 
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Topics: insurance, brexit, eu referendum