Confused.com
Google aggregator hit by £12m loss
Price comparison site Google Compare has notched a pre-tax loss of £12m in its second set of full year accounts since being acquired by the search giant in 2011.
Blog: Telematics update
How does the UK telematics market compare with markets in other parts of the globe? Sarah Wenham explains
Aggregators cautious on FCA review
Price comparison websites have been muted in their response to the Financial Conduct Authority’s thematic review of the sector, which saw the watchdog warning that aggregators were falling short.
Aggregators failing to meet FCA expectations
The Financial Conduct Authority has this morning handed out a damning verdict on the price comparison website sector, finding such sites do not always ensure consumers were given information to make informed decisions.
Average UK motor premiums down £17 according to price index
Continuing pressure on car insurance prices for younger drivers has pushed the average cost of a comprehensive motor policy in the UK down by £17 to £579 during the second quarter of 2014, according to the car insurance price index from Confused.com and…
Flooding: The future of flooding
As the Statement of Principles nears expiry and with the imminent introduction of Flood Re, what does the future hold for flood cover?
Comprehensive motor policies fall below £600 for first time since 2009
The average cost of comprehensive car insurance was down 19.1% year-on-year in the first quarter of 2014, the latest car insurance price index from Confused and Towers Watson revealed.
Expert Analysis: Spring summary
In his spring analysis, IGO4’s Tom Cooper examines the potential outcomes of the investigation into MFN clauses and highlights the difficult relationship between aggregators and brands.
‘No bottom in sight’ on motor rates
Motor insurance rates are set to continue to tumble despite forecasts that the market may soon turn, according to a report from SNL Financial.
Insurers and brokers urge Competition Commission to ban all MFN clauses
Fears a ban could harm price comparison websites misplaced.
Innovation Group report highlights motor market evolution
Insurers must do more to put the customer at the heart of motor insurance following a year of unprecedented reform, according to Innovation Group sales director Ian Bowen.
C-Suite: Different expectations pose risk
The government and the industry are not on the same page when it comes to motor premium reductions.
ABI’s Evans slams lack of political courage on young drivers
The Association of British Insurers has condemned stalled progress on a government green paper investigating updated rules for young drivers.
UK car insurance premiums fall by 12.5%
Rate reductions in the fourth quarter contributed to average annual savings on a comprehensive motor policy of £92 but selective price increases are beginning to appear, the most recent Confused index has shown.
Brokers baffled as FCA places them in ‘high risk’ group
Aggregators say FCA probe into sector no longer relevant.
Money Supermarket chief welcomes FCA review
A regulatory review into price comparison sites has been welcomed by Money Supermarket chief executive Peter Plumb.
FCA plots price comparison review
The Financial Conduct Authority has launched a thematic review of price comparison sites, raising fears that consumers may not be securing adequate coverage.
Motor Insurance: Jumping the gun
Motor insurers’ over-eagerness to reap the anticipated benefits of the Legal Aid, Sentencing and Punishment of Offenders Act has resulted in a sharp drop in rates. With unprofitability increasing, where does the sector go from here?
Fall in motor premiums blamed on 'traditional price war'
Market insiders have dismissed claims that price drops in motor are reacting to recent civil justice reforms, blaming the fall on “old fashioned market forces”.
Comprehensive premiums plummet as motor insurers make Laspo 'gamble'
The average price of a comprehensive motor policy has fallen by 13.9% over the course of the year, according to the latest Confused Car Insurance Pricing Index in association with Towers Watson.
Money Supermarket slams rivals’ use of wide ‘most favoured nation’ clauses
Comparison site tells Competition Commission wide MFNs are ‘anti-competitive’.
Editor's comment: Falling out of favour
Insurers received a surprise this week when some of the market’s aggregators agreed with them over an issue that has been gnawing away at them for some time, most favoured nation clauses.
Technology: Insurance on the go
With people increasingly using mobile devices to access the internet, how easy is it for customers to purchase insurance on the move?
BGL strengthens ‘own-brand’ business with appointment
The BGL Group has appointed Ingrid Murray as consumer marketing director for Frontline, the business behind BGL’s in-house brands such as Budget and Dial Direct.