Insuremore

Delighted to take part in the @11FS @instechinsiders podcast last week discussing wedding insurance with @SarahKocianski @nigelwalsh... This was my first podcast so be gentle and yes I know... I say 'you know' a lot! 😆

@LakaHQ @Seedrs I like you guys and have pre registered my interest on the raise... However, I do think your statement is misleading. Would love to see how you would substantiate it? What insurance companies do you think operate this way? Isn't your insurer Zurich? Are they one of them?

The traditional model is based on insurers taking your money and profiting from not paying out claims. The very thing you pay them for is what makes them more money. It’s insane. So help us flip the industry! Read: laka.co/gb/crowdfunding Capital at risk. Approved by @seedrs

@Rahul_J_Mathur I agree... why should someone be punished because they used their policy for a legitimate purpose for which it was purchased and intended in the first place! Instead, insurers should become better at determining which risks they want to cover to weed out so called 'bad risks'.

One aspect of insurance that deserves to face obsoletion is the No Claims Bonus (NCB) In motor and health, it is a poor proxy for good driving behavior and wellness respectively. Claims are part luck - NCB rewards/punishes luck rather than behavior #insurtech #insurance

Need your help! Any cyclists out there who have cycle insurance? If so, would greatly appreciate if you could spare a couple of minutes of your time just to complete this brief survey: insuremore.typeform.com/to/VRihPU #cycle #cycleinsurance #survey

@EmporiumHQ 168% increase???? Crazy! Just cancelled my DD and the policy... bye!

@EmporiumHQ Would love to know why our monthly pet insurance premium has increased from £50 to over £134pm. 5 years and no claims so why? This is why consumers have soo much distrust of insurance companies. So will be cancelling our policy immediately. #insurance #renewal #trust

@Rahul_J_Mathur Yeah... completely agree... it's very difficult to compare cover across providers as wordings are different. Customers predominantly select based on price not realising the level of cover is likely to be very different and then when it comes to claims they complain.

@Insuremore1 Agreed, comparing the wordings on features other than price wouldn't be a consumer feature I was coming at this from an insurance company/broker BI angle; some folks have pointed out global comparables Also the value of such a tool lies in interpretation/the knowledge graph

Thinking to myself - does anyone truly understand their insurance policy wordings? Is this "complexity" of these wordings confounded with the inability to draw comparisons across products (by features beyond price) & understand how the policy would trigger in different scenarios?

@JamesJWYork Storm in a teacup comes to mind as well as mountain out of a mole hill! Its completely ridiculous... with everything going on in the world at the moment and this is one of the main stories the press want to focus on... completely ridiculous!

If my wife and I were both struck by Covid - we would very much worry about our ability to look after our kids (regardless of initial severity). My parents are 80 miles away. Hers 292. What would twitter advise we do?

@alan_hickman Completely agree. A story out of nothing and complete waste of time. I'd rather hear how the 'R' rate is performing, infections, deaths, news on vaccines and treatments etc... not how one guy took his wife and 4 year old child to stay closer to family in case they were both ill!

@Impeller_Clair @TUIUK Hi, just to confirm we dont sell travel insurance... I think you are referring to a different company... insuremore.co.uk

@Staceywalton93 Hi Stacey, can you please message or email me directly please so I can look into this for you as we do not charge a cancellation fee. I would also like to find out who you spoke to so I can listen to the call. You can email mark@insuremoreltd.com.

@Insuremore1 wouldn’t recommend! Rude staff, and charging nhs staff a cancellation fee to cancel policy due to covid19 avoid at all costs!

@alan_hickman Yeah, but in reality the insurers carry the exposure and not us. We only sell and distribute the product on a non advised basis and dont have anything to do with the claims aspect. Managed to get a quote for £2300... so £8000 was just ridiculous!

@Insuremore1 Perhaps the view is the greater exposure because of wedding insurance and PI claims?

OMG... just had my PII renewal through... last year premium was £1,800... renewal quote for exact same level of cover with with same provider and nothing changed etc... £8000!!!!!! Anyone else experienced the same with their PII cover? Any recommendations on where to look? #PII

@mkpandey67 Insurance broker. So for me no change of risk really.

@Insuremore1 Which profession ? Might be directly exposed to the ill-effect of corona

@JamesJWYork Dual

@Insuremore1 Which carrier ??

@JamesJWYork Haha... exactly my thoughts! I literally nearly fell off my chair!

Holy bacon sandwich.

@alan_hickman Yep

@nigelwalsh You also have those who win and lose at the same time! We sold more policies in 18 days of March than we did in whole of 2019 but the flip side is increased risk and significant operational impacts... it's caused huge business disruption!

Im writing some observations about winners and losers during #covid19 but it doesn't feel right using the word winners. Any ideas on words to describe those that benefit, or just go with winners and losers?

@lesleyvowles @dimebar21 @narwhalpete @wedinsure @laurarosebrown I do apologise Lesley. We have had 2700+ calls and 4500 emails over the last 4 weeks. So we have been working as fast as possible to try and respond as quickly as we can. But the sheer volume has made this very difficult. So I do apologise but this is an unprecedented situation.

@dimebar21 @narwhalpete @wedinsure @laurarosebrown Genuinely appalled by @wedinsure How did they win any awards? Just waited NINE days for a response to my email and it’s a totally generic response and doesn’t answer any of my questions!

If your query is relating to the Coronavirus then in the first instance please visit the website at wedinsure.co.uk and view our Covid-19 statement and the FAQ section.