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Lorega adds live video streaming to support faster claims assessment and loss mitigation advice

Press Release: Introducing Live Video Streaming

Lorega Limited (Lorega) has launched a live video streaming service for policyholders to enable the company to provide faster claims mitigation advice and expert support at the point of claims notification.

 

The service, available to all customers with Loss Recovery Insurance or using the company’s telephone advice service, Lorega 10, enables the policyholder to live stream views of their physical loss directly to the desktop of Lorega’s claims experts.

 

Being able to see the full, physical detail of the loss within minutes of it being reported enables Lorega to obtain an earlier assessment so they can deliver more accurate initial loss advice on security and loss mitigation measures. 

 

Customers use a secure weblink sent to their smartphones to access the system developed by Lorega’s ‘Insuretech’ partner, an international online video platform provider, to access the streaming service. This means there is no need to download software to the smartphone and the link is up and running immediately.

 

Neill Johnstone, managing director of Lorega, said: 

“This represents an important enhancement to our already high levels of customer service and support. By enabling claimants to provide video upon notification of a claim, we can provide faster and more accurate advice on dealing with and mitigating the loss. The investment in video streaming further demonstrates our commitment to providing expert help to minimise the impact, costs and disruption of a property damage claim.”

Number 1 for Customer Service Three Years Running

Number 1 for Customer Service Three Years Running

We’re delighted to announce that we have been ranked first amongst the UK’s top MGAs and Insurers for commercial lines customer service for an unprecedented third year running in the annual Insurance Times Broker Service Survey.

Although this year’s Survey separates the results for the Insurer and MGA businesses, Lorega was the only business to achieve a 5 star rating in all categories of service, with the highest score in each and an overall score of 4.52 out of a maximum of 5. This places us ahead of Covea, Markel, Aviva and others, who were ranked immediately behind us in the Insurer category.

The annual survey asks Brokers and other intermediaries to score their insurer partners out of 5 (where 1 is poor and 5 excellent) in five categories: quality of cover, fairness and speed of settlement of claims, access to decision makers, accuracy and transparency of policy documentation, and expertise and flexibility of underwriting.

 

Lorega performed outstandingly well for a third year in a row, performing highly across all five categories and within each of the four broker segments (Small Independent broker, Large Independent broker, Top 50 broker and Network Member). A positive experience for Brokers was also reflected in the verbatim comments received about Lorega, with many expressing satisfaction with our service.

 

Neill Johnstone, Managing Director of Lorega said: “Customer service is at the forefront of our culture and our team are passionate about helping our Broker clients and their customers with fast and efficient expert help when they need it. The key is to really listen to and respond to them, that’s our commitment to providing great customer service”.

 

To find out more about the accolade and Lorega’s commitment to customer service excellence, read the interview with Neill Johnstone in the Insurance Times.

Cycle ride from London to Paris

London to Paris Charity Cycle Ride

Raising money for two very worthwhile charities.

Members of the Lorega team, set off from our office in London to cycle to the Eiffel Tower in Paris – 300 miles over four days, in aid of charity.

None of us had ridden this distance before and most last rode bikes with stabilisers. Needless to say, this was a daunting task but was all in a good cause.

Our chosen Charity partners

The ride raised funds for two very worthwhile charities, Marie Curie and First Stop Darlington, both charities which have a special resonance with members of the team here at Lorega.

Marie Curie give free care and support to people living with any terminal illness and their families, bringing light in the darkest hours.  The incredible nurses volunteer their own time to work closely with the NHS to provide this much needed support.

First Stop Darlington is a charity based in the North East of England working actively on the prevention of homeless, as well as providing a listening ear and support for those who are experiencing poverty, distress and social exclusion. In 2012 the charity set up a social enterprise and shop, Bike Stop, where the skilled team and their beneficiaries fix donated bikes to resell and provide a highly valued customer maintenance service.

If you would like to make a donation to these fantastic causes, then please click here.  

Meet the team

Some of the Lorega team taking part in this gruelling ride talk about their thoughts on the ride:

Neill Johnstone

Neill Johnstone

CEO

Tell us about your bike.
Bike is a Boardman carbon road bike, nicknamed “Gustave”

How you see your role in the ride?
Responsibility for rehydration and nutrition!!

Why are you’re excited to do the bike ride and what are you looking forward to?
It will be great to do four consecutive days of strenuous exercise and really test this old body frame of mine! I’m looking forward to the end of each day and to relaxing with a glass of fine French wine, a plate of escargot, all in the company of good friends and colleagues.

What do you think the hardest part will be and what are you not looking forward to?
Definitely the training and trying to drink less beer during the summer!

Amii Freeman

Amii Freeman

Underwriting Assistant and Systems Development Co-ordinator

Tell us about your bike.
Cinelli Saetta Radical. Nickname Nelly

How you see your role in the ride?
Organiser

Why are you’re excited to do the bike ride and what are you looking forward to?
I’m excited to see how much we can raise for 2 amazing causes. On the ride, I am looking forward to riding as a team and how we can push each other to keep up the pace and get up the hills.

What do you think the hardest part will be and what are you not looking forward to?
Hardest part will be starting again when I’m already aching and being social when I’m not a morning person.

Geoff Raikes

Geoff Raikes

Financial Controller

Tell us about your bike.
It’s a Look. The frame and forks are probably older than half the team, and the rest of it is a mish-mash of second hand / bargain bin parts lovingly assembled and hand tuned by me.

How you see your role in the ride?
I expect to spend a lot of time at the front of the group, navigating and leading the peloton.

Why are you’re excited to do the bike ride and what are you looking forward to?
I’m looking forward to hills! Climbs to test our resolve, and descents to test our nerves… and refuelling with friends afterwards.

What do you think the hardest part will be and what are you not looking forward to?
Getting going again in the mornings when my legs will still feel empty from the day before.

Lee Bennett

Lee Bennett

Director of Operations

Tell us about your bike.
Nightrider.

How you see your role in the ride?
Straggler.

Why are you’re excited to do the bike ride and what are you looking forward to?
Wine.

What do you think the hardest part will be and what are you not looking forward to?
Actually riding the bike.

Andy Mintern

Andy Mintern

Finance & Commercial Director

Tell us about your bike.
Well I’m driving the van!

How you see your role in the ride?

Carrying all the spare parts!

Why are you’re excited to do the bike ride and what are you looking forward to?
Driving in France

What do you think the hardest part will be and what are you not looking forward to?
Keeping up with them!

David Niman

David Niman

Management Accountant

Tell us about your bike.
Giant, the Davemobile.

How you see your role in the ride?
Head of “Facts”, whatever that entails.

Why are you’re excited to do the bike ride and what are you looking forward to?
To live my dream of pretending to be in the Tour de France.

What do you think the hardest part will be and what are you not looking forward to?
I think the hardest part will be the brutal hill we have on the end of the first day.

Lorega expands cyber offerings to support SMEs with low-cost crisis response solution

Lorega expands cyber offerings to support SMEs with low-cost crisis response solution

Press Release: Lorega Launches Cyber 10

Expanding our cyber offerings to support SMEs with low-cost crisis response solution

Lorega Limited (Lorega) have expanded their range of SME assistance products with a new low-cost cyber product, offering SMEs a stand-alone expert telephone helpline to support businesses following data breaches or cyber-attacks.

Cyber 10 offers 10 hours of crisis response, incident management, and investigation and restoration telephone advice from Lorega’s Cyber Emergency Response Team (CERT), upon discovery of a cyber attack or data breach. The CERT is operated by Agenci, a leading international cyber security consultancy, ensuring SMEs and VSMEs have the expert advice they need to get back on their feet as quickly as possible following an incident.

Cyber 10 builds on Lorega’s existing Cyber Recovery product, but is able to offer a lower cost solution to SME businesses, stripping out the additional cost of indemnity cover, by offering advice when it is needed most. It has been designed as a simple policy for businesses who understand the risk of cyber attacks and the likelihood of an incident occurring but cannot afford the high premiums quoted for many cyber insurance policies.

 

SMEs are increasingly at risk of a cyber-attack, but often find it difficult to understand the cover and pay the cost for an indemnity based insurance product. We wanted to offer an alternative, affordable solution which provides reassurance – expert help at the other end of the telephone in the event of a cyber incident.

Neill Johnstone

Managing Director, Lorega Ltd

Customer feedback

“From the start, Lorega offered me total reassurance"

"Thank you, you were a great help and made sure I claimed for everything I was entitled to. Could not have done it without you”

“Your support and input was excellent”

Lorega launches building surveying service to streamline property claims reinstatement process

Lorega launches building surveying service to streamline property claims reinstatement process

Press Release: Introducing Lorega Surveying Services

Lorega Limited (Lorega) continues to broaden its policyholder services with the launch of a dedicated building surveying service – designed to help policyholders to manage property reinstatement in the event of a claim.

Most home and business property insurance will include the cost of surveyors’ and engineers’ fees needed to restore or replace property in the event of fire or other damage. Usually the policyholder is left with the problem of identifying and appointing the professionals needed to oversee and administer the work.

Lorega’s new Surveying Services will be managed by Lorega Solutions Limited, Lorega’s Chartered Loss Adjusting company, to provide the policyholder with access to expert Chartered Surveyors, with the necessary experience and expertise to help the policyholder through the process. The Surveyor will work alongside the Chartered Loss Adjuster appointed by Lorega, on behalf of the policyholder, to prepare and present the claim by obtaining quotes for building work, and then managing the reinstatement process.

Offering access to professional surveying support at the outset of the claims process removes the burden from claimants to source quotes and find a suitably experienced surveyor to manage reinstatement. The launch of Lorega Building Surveying Services enhances our suite of Expert Services for policyholders and demonstrates our overall commitment to providing expert help to minimise the impact, costs and disruption of a property damage claim. Angus Tucker

Managing Director, Lorega Solutions

Customer feedback

“From the start, Lorega offered me total reassurance"

"Thank you, you were a great help and made sure I claimed for everything I was entitled to. Could not have done it without you”

“Your support and input was excellent”

Global Risks Report from World Economic Forum says cyber defences are being tested

Global Risks Report from World Economic Forum says cyber defences are being tested

Global Risks Report from World Economic Forum says cyber defences are being tested

World Economic Forum logoThe World Economic Forum (WEF) published their 2018 Global Risks Report last week, which showed that concern for cybersecurity risks has jumped this year, despite respondents in previous years showing optimism towards technological risks.

Both cyber attacks and data fraud appear in the top five global risks by perceived likelihood, most likely because of the increasing prevalence and disruptive potential for cyber attacks. The report stated that cyber breaches reported by businesses have almost doubled in five years, from 68 per business in 2012 to 130 per business in 2017, and incidents that would once have been considered extraordinary are becoming more and more commonplace.

There are multiple factors at play which are contributing towards the increasing cyber risks, including, but certainly not limited to;  the resurgence of ‘dark net’ markets, increasing use and reliance on cloud services, and the persistence of cyber criminals to create and execute large scale cyber attacks. For example, the report states that in 2016 alone there were 357 million new malware variants released, and that in 2017 the average DDoS (Distributed Denial of Service) target was” likely to be hit 32 times over a three-month period”.

Not only are companies at risk of major disruption due to cybersecurity risks, but can be exposed to rising financial . WEF estimate that cybercrime will cost businesses US$8 trillion over the next five years, and the annual cost of responding to cyberattacks is said to be £11.7 million per company according to the Accenture 2017 ‘Cost of Cyber Crime’ study. According to the Global Risk Report, ransomware was one of the most costly forms of cyber crime in 2017, which locks targets out of their data and demands a ransom in return for restoring access.

Increase in Ransomware attacks.

“Ransomware attacks accounted for 64% of all malicious emails sent between July and September last year, affecting double the number of businesses compared with 2016” stated the report. Perhaps the most high-profile of ransomware experienced in the UK last year was the “WannaCry attack”, which hit the headlines after affected 300,000 computers across 150 countries. One of the more notable WannaCry victims of the attack was the NHS, with 81 out of the 236 trusts across England affected, alongside a further 603 primary care and other NHS organisations, according to the National Auditing office.

What is alarming, apart from the financial cost of the WannaCry attack, that it “illustrated a growing trend of using cyberattacks to target critical infrastructure and strategic industrial sectors, raising fears that, in a worst case scenario, attackers could trigger a breakdown in the systems that keep societies functioning.” The report goes on to state that many such attacks are thought to be state sponsored.

In Summary – heightened vulnerability to attacks

The Global Risks Report believes that risks are increasing – not necessarily because of increasing successful attacks on critical and strategic systems – but due to the” combination of isolated successes with a growing list of attempted attack”; an increasing worldwide interconnectedness and pace means our vulnerability to attacks is heightened.

To find out more, a copy of the full report can be found here.

Customer feedback

“From the start, Lorega offered me total reassurance"

"Thank you, you were a great help and made sure I claimed for everything I was entitled to. Could not have done it without you”

“Your support and input was excellent”