Motor - commercial
Ageas looks to salvage deal to triple ‘green parts’ use by 2023
Exclusive: Ageas UK has struck up a deal to combine its salvage and ‘green car parts’ suppliers in a move to be more environmentally conscious, cut waste and drive efficiency.
Tractable targets SE Asia and mulls property diversification after $25m raise
Insurtech Tractable is targeting new clients in South East Asia, the Middle East and Latin America after unveiling a $25m (£19.2m) Series C investment, led by Georgian Partners
MIB urges government to act after Supreme Court rejects Lewis appeal
The Motor Insurers' Bureau has been tipped to challenge the government into amending the Road Traffic Act or change its own Articles following this week's Supreme Court ruling in the case of MIB v Lewis.
Analysis: Reinsurance hikes add to motor pricing pressure
The UK motor market had the unwanted title of the biggest riser in the annual global reinsurance renewal season this January, adding another reason for intense scrutiny on insurance pricing in the loss-making sector
Don't underwrite electric vehicle risks in isolation of claims: Allianz GCS practice group leader Schultz
In order for insurers to better adapt to the wider adoption of electric vehicles they need to make sure that they not managing these risks in silos, a global player has warned.
ABI tracker shows increase in motor premiums as calls for IPT cut amplify
The average cost of motor insurance rose to its highest level in the final quarter of 2019, according to research by the Association of British Insurers.
Gefion’s solvency struggles continue after regulator action
Troubled unrated Danish insurer Gefion has seen its 2018 solvency ratio plummet after it was forced to restate accounts.
Former Sabre chairman and BDML founder Keith Morris made OBE in New Year Honours List
Former Sabre chairman Keith Morris has been made an Officer of the Order of the British Empire in the New Year Honours List.
Q&A: Jeffrey Skelton, Lexis Nexis Risk Solutions
Jeffrey Skelton has worked for Lexis Nexis Risk Solutions for more than 17 years and in July was appointed as managing director for insurance for UK and Ireland. Harry Curtis spoke to him about his career to date and future plans.
Ageas' Andy Watson cautions motor premium levels are ‘unsustainable’
Ageas UK CEO Andy Watson has cautioned that amid the Ogden rate change and inflationary pressures, current motor rates are “surprisingly low and unsustainable”.
Government takes aim at mobile phone road safety loopholes
The government will seek to tighten the law around the use of handheld mobile devices on the road, but will not extend a ban to hands free use.
This week in Post: Ardonagh in the clear
A long-awaited judgment in the legal wrangle between Ardonagh and Gallagher came today, clearing Ardonagh of wrongdoing.
Special report: The future of claims in commercial broking: Expert view
Technology and staff investment are key to delivering great commercial claims service. Insurers must show the way in embracing future claims innovation, as well as their in-house capabilities and expertise, writes Victoria Keating, claims relationship…
Special report: The future of claims in commercial broking
To find out what brokers think of commercial claims handling Post and Aviva carried out some extensive research. Sam Barrett reflects on results that highlight insurers have some way to go to meet their expectations.
Ex-Allianz CEO joins Cuvva
Exclusive: Former Allianz Partners UK and Ireland CEO Serge Corel has joined Cuvva as director of partnerships, following the insurtech’s move into travel insurance.
Interview: Huw Evans, ABI director general
The industry faces heavy scrutiny from regulators and the government over pricing practices and personal injury reform, all while reeling from the prospect of a looming Brexit. Huw Evans, Association of British Insurers director general, spoke to Jen…
Ex-Complete Cover CEOs Allen and Beckett reunite for Markerstudy-backed MGA
The former CEO of Complete Cover Tony Allen has returned to the motor insurance market with a new Markerstudy-backed specialist managing general agent.
McCafferty welcomes ‘considerable improvement’ at Brightside despite £10.3m loss
Brightside made a loss before tax of £10.3m for the year ended December 2018, but CEO Brendan McCafferty expressed confidence the business was improving.
Blog: Unrated insurers - the risks for UK brokers
Over the years European Union rules on the free movement of capital have had many beneficial effects for the UK economy. However, according to Ashwin Mistry, chairman of Brokerbility, this has also allowed insurers with lower solvency than would be…
Whiplash portal 'being built in a rules vacuum'
The Litigants in Person whiplash portal build may be progressing well, but fraud and a lack of clarity from the government could jeopardise its effectiveness, according to Sabre CEO Geoff Carter.
Sabre GWP drops in H1 from ‘intense competitive pressure’
Sabre’s combined operating ratio remained in its target of within the mid-70s range, while premiums shrank 7% in the first half of 2019.
Analysis: SME risk management: Loss of appetite
Small and medium-sized enterprises are facing a plethora of challenges. So how are insurers helping this sector?
Axa and Europcar discussed the future of mobility during Post webinar
The best minds in motor insurance are already grappling with how to manage the new risks that come from evolving automotive technologies – from connected and electrified vehicles to full-blown autonomous motoring.