Insurance Post

What you've been reading this week

The 10 most read stories on Post Online from 27 October - 2 November 2015.

driverless-car-illo1. Product liability comes to fore as motor manufacturers take on autonomous vehicle liability
Motor manufacturers accepting liability for autonomous vehicle crashes does not signal the demise of motor insurance, according to industry experts, who have suggested developments will instead lead to product liability playing a more prominent role.


nick-walker-2-media-22. RAC to launch mass-market telematics product in Q1 2016
RAC managing director for telematics, Nick Walker, pictured, told Post the new offering would be a step away from traditional telematics products, which he said are almost entirely aimed at young drivers.
 

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3. Aviva signs five-year partnership with Homeserve
The insurer will underwrite home assistance products for Homeserve's two million UK customers. Axa Assistance was Homeserve's previous partner in an arrangement estimated to be worth £300m in premium per year.

 


A driver checking the telematics on the dashboard of their car4. Rival propositions expected as mass-market telematics app goes live
Telematics providers and insurers are backing a mass-market motor offering fronted by black box company Carrot amid suggestions other companies - including mobile phone networks - could follow suit.


Bluefin CEO Stuart Reid5. Reid to tour the regions as integration takes precedence at Gallagher
Retail acquisitions will be put on the backburner at Arthur J Gallagher International in favour of a strategy of "integration and reengineering", according to incoming UK retail CEO Stuart Reid.

 

car-wheel-spin-cyclical-market6. UK startup Cuvva launches first hourly insurance cover
UK start-up broker Cuvva has launched what it claims is the first motor insurance cover to be offered by the hour. The broker is working with a panel of underwriters to provide the cover solely through its app.

 


smartphone7. Emergence of 'disruptors' keeping established motor players on their toes

Post revealed last week that motor broking start-up Cuvva is working with underwriters to deliver a smart phone-delivered product that allows customers to take out anything from one to 24 hours' worth of cover after complying with a verification process.
 


fca-canary-wharf-composite-18. ABI calls for FCA to regulate claims management sector

Twenty-three per cent of CMCs were either warned or had their authorisation cancelled in 2014/15, compared to the 18% in 2012/13.


 

towergate-offices9. Towergate loses three senior finance figures
Former group mergers and acquisitions head Ryan Brown is one of the three, he replaced Dan Saulter in 2013 before moving into the role of finance director at Towergate Underwriting this year. Also on the cards to depart are group financial controller Laura Alexander and head of group financial planning and analysis Louise Underwood.
 

aviva-logo210. Aviva UK & Ireland Q3 COR improves to 92.8%
The overall general insurance business, which includes the Canadian and European operations, reported a COR of 94% for the period which was a 1.9 percentage improvement on the 2014 result.

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