Insurers advised on how to prepare for Claims surge
Publication date:
23 March 2020
Last updated:
25 February 2025
Author(s):
Chartered Insurance Institute
How insurers should prepare for surge events by identifying seasonal patterns of activity is covered in the latest Society of Claims Professionals good practice guide.
As the profession faces a surge in claims as a result of the coronavirus pandemic, the Society published the guide which details how insurers should establish a “Surge Group” to be adequately prepared for surge events and maintain service.
The guide details six activities which must be actioned when handling a dramatic increase in claims activity: These activities are:
- Use predictive data wisely.
- Manage staff levels appropriately.
- Get in the mindset of the customer.
- Identify at-risk customers.
- Provide accessible and consistent information.
- Follow-up with a post-surge service.
Jeremy Trott, Non-executive director of the Society of Claims Professionals, said: “The sudden outbreak of the coronavirus pandemic took a lot of us by surprise, but it has served as a reminder to the insurance profession that we need to be adequately prepared for the unexpected.
“It is during times of public concern that the role of the insurance profession becomes the most important to the public. It is vitally important that insurers remain in a constant state of preparedness for a surge event so that our clients can be helped as quickly and effectively as possible.”
For more information, and to read the full Good Practice Guide, please visit: https://www.socp.org.uk/learning/learning-content-hub/articles/surge-events/91218
ENDS
This document is believed to be accurate but is not intended as a basis of knowledge upon which advice can be given. Neither the author (personal or corporate), the CII group, local institute or Society, or any of the officers or employees of those organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the data or opinions included in this material. Opinions expressed are those of the author or authors and not necessarily those of the CII group, local institutes, or Societies.