Axa and the Claims Underwriting Exchange

InsideInsurance

David_InsDef wrote: »

But if you use £100 and £54k, how many come new providers come into play at the lower amount - thus claim value is a significant factor in overall acceptance.

I'm not that interested to spend all day on Confused.com but feel free to be my guest. Start with the higher claim figure first before going to the lower to help deal with the driver of drop offs being anti fraud tests. Though I do agree that there will be more that drop off.

In this case though we were told we were talking a 35% claim value difference not 54,000% claims difference as you are proposing testing. Its this relatively small difference of 35% which I said would make very little difference to the vast majority of insurers. Of cause you can be "unlucky" and if you are just below the cut off for no quote the 0.001% difference could push you over the binary limit and thus get declined by your cheapest insurer. You;d have to be even mroe unlucky though to have all your cheapest insurers have the identical binary limit

David_InsDef

InsideInsurance wrote: »

I'm not that interested to spend all day on Confused.com but feel free to be my guest. Start with the higher claim figure first before going to the lower to help deal with the driver of drop offs being anti fraud tests.

The point is, I don't think the OP was saying he saw insurers significantly reduce their premiums from previously quoted amounts, when he entered the revised claim value. He says at one point that the number of quoting providers increased and he received lower quotes.