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Household to become 'new motor' as insurers warn of price hikes to come

Insurers have issued a stark warning that home insurance could become the 'new motor', with years of unprofitability followed by unpopular price hikes, prompting a government and consumer backlash.

Insurer | 22 May 2012 secure

A terrace of houses
whiplash

'Time the talking ended' on whiplash, says the AA

While the insurance industry and the government continue to discuss Britain's whiplash compensation culture, the AA has said it is now time for the talking to stop and for reforms to be put in place.

Insurer | 02 May 2012 secure

womansad

Premiums for young female drivers rise as UK average drops

Car insurance premiums for female drivers aged between 17 and 22 rose by 4.8% over the first quarter, bucking a national trend which has seen a drop in the average price quoted for comprehensive car insurance policies.

Insurer | 25 Apr 2012 secure

company-car

Telematics will be compulsory within a decade, claims MDS boss

It could be impossible to get motor insurance without some sort of telematics device within 10 years, according to one provider.

Insurer | 24 Apr 2012 secure

mark-taylor

Belfor names former Munters president Philips as UK MD

Alasdair Philips has been named as the new managing director for Belfor in the UK.

Claims | 23 Apr 2012 secure

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The insurance business resource library

Insurance Hound

A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis

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Speeding motorists face insurance premium hike

Insurers increasingly likely to charge higher premiums after a motoring conviction according to research by AA Insurance.

Insurer | 11 Apr 2012 secure

giving-car-keys

Close to offer telematics premium finance

Close Premium Finance is to back AA Insurance's new telematics offering, AA Drivesafe, taking monthly direct debits for varying amounts depending on the insured's driving style.

Insurer | 05 Mar 2012 secure

thoresen-otto

ABI to highlight insurer cost pressures at PM meeting

The Association of British Insurers has welcomed the chance to tell Prime Minister David Cameron "the unacceptable cost pressures" insurers face at the Downing Street meeting this evening.

Insurer | 14 Feb 2012 secure

roads

AA Insurance launches tech-based policy for young drivers

AA Insurance has become the latest firm to "turn to technology" having launched its new 'pay how you drive' policy AA Drivesafe.

Insurer | 10 Feb 2012 secure

People sandbagging flooded streets

Insurers call for government to tackle flood risks

Insurers have demanded the government “grasp the nettle” and tackle flooding risks after the Public Accounts Committee demanded a renewal of the voluntary flood insurance agreement.

Insurer | 31 Jan 2012 secure

European risk and insurance intelligence

Insurance Insight

Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets

Insurance Insight
survival-bg

Broker focus - Personal lines: Survival 
tactics

Embattled personal lines brokers are 
facing a tough climate with falling 
incomes and business volumes, but 
those willing to adapt to the new 
environment can survive and prosper.

Personal | 31 Jan 2012 secure

A terrace of houses

AA finds home insurance premiums rising steadily

Home insurance premiums continued a steady upward trend towards the end of 2011, with the average quote for annual buildings, contents and for combined policies rising by 11% over the course of last year.

Insurer | 19 Jan 2012 secure

crashedcar-whiteground

Motor premiums increase again

According to the AA’s benchmark British Insurance Premium Index the shoparound price for comprehensive motor insurance is now £971.40, a 5.4% increase, from £921.38, over the three months ending 31 December. The annual increase is 15.3%, from £842...

Broker | 19 Jan 2012 secure

paul-evans

Industry responds to cost of motor insurance follow up report

The industry has delivered mixed responses to the Transport Committee's follow up to the cost of motor insurance report.

Insurer | 12 Jan 2012 secure

hurricane

Extreme UK weather behind car claims increase

The storms that battered parts of the UK brought a 28% increase in car insurance claims over the first five days of January, compared with the same period last year, according to the AA.

Claims | 10 Jan 2012 secure

Comment

Lynn Rouse

Editor's comment: Fleeing the family nest

This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while...

Interview

JLT chief executive Dominic Burke

Interview: JLT's Dominic Burke - a thoroughbred performer

Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches...

View from the top

David Reed

View from the top: Airline insurance - the risk remains

Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David...

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Pitney Bowes 2012 Insurance Industry Report

2012 insurance industry report: The inside track to achieving a more sustainable business

To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.

Work equipment risks in the UK

Work equipment risks in the UK

The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.

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