News
Sky-high car insurance premiums driving customers to break the law
Millions of drivers in the UK admit to getting behind the wheel without insurance due to the recent rise in premium costs, new research has found.
Esure warns AV market must learn from EV repair struggles
Head of motor underwriting at Esure Rob Clark has argued the autonomous vehicles market needs to learn lessons from the repair challenges of electric vehicles.
Broker commission not ‘on the radar’ as motor finance redress scheme announced
Following the announcement of a compensation scheme regarding the motor finance scandal, the CEO of the Financial Conduct Authority has said no similar scheme for broker commissions is on the horizon.
EV value and talent worries dominate automotive sector
Louis Rudd, regional director for that South at Axa UK looks at the UK’s automotive sector’s current risks and opportunities, as it faces into huge challenges such as supply chain problems, skills shortages and government electric vehicle mandates.
Can non-standard motor find growth in a soft market?
Amid an increase in interest and inquiries for non-standard motor insurance, how much is the industry growing, and which segments have the most potential?
Green Insurer CEO reveals what went wrong following closure
The Green Insurer CEO Paul Baxter cited a failure to diversify funding sources as a key factor which led the eco-friendly motor broker to close its doors.
Bspoke in ‘ongoing’ conversations over retail acquisitions
Bspoke deputy chair Tim Smyth has said the MGA is pursuing a number of acquisitions that would add businesses to its newly formed retail division.
Nearly a third of young professionals looking to abandon insurance
Nearly a third (29%) of early career insurance professionals are considering leaving the sector, according to research from specialist insurance creative agency Free.
Motor neglect should be as stigmatised as drink driving
Damian Rourke, partner at Clyde and Co believes the attitude towards motor owners who fail to keep up maintenance of their vehicle should be the same as towards those who drink drive or do not wear a seatbelt.
Regulators to tackle motor claims management practices
The Financial Conduct Authority, Solicitors Regulation Authority, Information Commissioner’s Office and the Advertising Standards Authority plan to tackle misleading advertising and information about motor finance claims.
Kelsall at Marshmallow no s’more
Marshmallow head of claims Nick Kelsall has left the insurer for Munich Re.
Fairer Finance demands FCA probe into pet cover limits
Fairer Finance has accused pet insurers of adding “deceptive” inner limits to policies marketed as comprehensive, which could leave owners facing thousands of pounds in unexpected vet bills.
RSA ends and Intact era begins with specialty lines plan
RSA will today (6 October) become Intact Insurance, with the insurer giving a taste of how it plans to double its UK and Ireland business to £5bn by 2030.
AI must automate required tasks to win underwriter adoption
Automating mandatory tasks is key to driving underwriter artificial intelligence tool uptake, according to Mosaic Insurance agency CEO Liam Jones.
Howden’s energy facility; Blackthorn sells Samphire; Acrisure rebrands brokers
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Industry must keep ‘questioning’ generative AI
Chris Hall, CEO of QuestGates, has implored insurers and brokers to interrogate generative artificial intelligence and not become ‘automated’ by it.
AI agents tackle abandonment in digital insurance sales
High abandonment rates in direct digital insurance sales can be addressed by artificial intelligence agents, according to OpenDialog AI chief commercial officer Dean Chapman.
IFB expanding into new lines with five-year strategy
The Insurance Fraud Bureau has today launched its five-year strategy in which it plans to bring about a more connected industry in the fight against fraud.
Direct Line leadership exodus concludes after Aviva takeover
The leadership exodus from Direct Line Group at Aviva has now concluded, with three senior executives departing the combined business, Insurance Post can reveal.
AI forces brokers to rethink recruitment and client care
Phil Williams, group chief commercial officer and managing director of retail at Clear Group, has warned brokers that artificial intelligence means they need to rethink how they recruit talent.
Former Tempcover execs launch short-term motor insurtech
The ex-Tempcover team has launched short-term motor insurance startup Covertime.
Zurich reveals ‘puzzle pieces’ approach to AI is paying off
Zurich Insurance is reaping the rewards of a modular “puzzle pieces” approach to artificial intelligence, according to Penny Jones, responsible AI lead at the insurer.
Ageas CEO ‘realistic’ on redundancies as Esure and Saga integration begins
Ageas UK CEO Ant Middle has said that while it is “very early” in the integration of Esure and Saga, “there is a reality” when it comes to staff.
CII to adapt for AI-dominated insurance sector
The Chartered Insurance Institute’s CEO Matthew Hill has urged the sector to embrace artificial intelligence “not as a threat, but as a tool”. But warned professionalism, ethics and human judgment must remain central as the technology reshapes the…