UK motor insurers made lockdown savings of £1.28bn as drivers stayed home between 23 March and 31 May 2020, research by price comparison website Hello-Safe has suggested.
While the future is always difficult to predict, it is almost impossible in times of global uncertainty such as these. LeakBot CEO Craig Foster explains for the insurance industry it becomes particularly challenging to rely on what is happening now as an…
Insurance Covid-Cast: Insurtech 100 special – Distribution focus 2 with Next Insurance's Sofya Pogreb and Trov's Ian Sweeney
In the 24th episode of Post and Insurance Age’s video series we gathered together two start-ups featured in the Insurtech 100, both of which have pivoted from business-to-consumer distribution, to B2B2C.
Insurance Covid-Cast: Insurtech 100 special – 'Claims Focus' with Floodflash, Snapsheet and Tractable
In the 22nd episode of Post and Insurance Age’s video series we gathered together a trio of start-ups featured in the Insurtech 100, all of which are focused on using the latest technology to make the claims experience smoother and more transparent using…
Insurance Post’s content director Jonathan Swift interviews Paul Baxter, managing director of Marmalade, to get his views and experiences of the last few months and what the major challenges will be for motor insurers in the future.
Insurers and credit-hire organisations are working together to mitigate the rising costs of credit hire caused by delays in repair and extended hire issues related to Covid-19.
Price comparison sites saw the beginnings of a gradual return to pre-pandemic consumer behaviours in May, having seen search volumes plummet in the initial weeks of the lockdown.
In the 20th episode of Post and Insurance Age’s video series we gathered together a group of start-ups featured in the Insurtech 100 all of whom are focused on insuring ‘wheels’ in the broadest sense.
It is the year 2030. As the demands for a green economy has intensified the government has announced the ban on selling new petrol, diesel or hybrid cars in the UK will be brought forward from 2035 to this year (2030). Concerns still exist over electric…
In the first of a new monthly series, Post looks into the future at how the insurance market might change, with each part focusing on a specific issue. For the first instalment, Jonathan Swift fast forwards a decade to report on the changing face of the…
The introduction of further guidance on premium finance by the Financial Conduct Authority including three month payment deferrals for customers hit by the economic impact of the coronavirus pandemic has gone well according to market players.
Zego is in trials on selling its usage-based motor policies in partnership with brokers, co-founder and CEO Sten Saar told Post.
Providing premium refunds of £20 to £25 to all motor policyholders in the wake of Covid-19 behaviour changes amounts to little more than a “marketing initiative”, Ageas CEO Bart De Smet has said.
Motor claims notifications fell 70% at insurer Direct Line Group in April compared to the same month in 2019, as drivers stayed indoors due to lockdown measures.
Members of Parliament have called for insurers to refund motorists based on coronavirus lockdown savings, following Admiral's pledged £25 per customer rebate yesterday.
Whiplash reforms, including the implementation of the claims portal, have been pushed back to April 2021 due to the coronavirus pandemic.
Admiral has pledged £110m towards automatic refunds as motor customers are staying at home and driving less during the UK-wide Covid-19 lockdown.
Quieter roads have led many to assume that car insurers are in for pandemic profits. Post investigates calls for lockdown windfalls to be re-gifted to motorists.
Exclusive: The majority of UK consumers are not aware that insurers cannot use gender as a factor in pricing for motor insurance or where the ban came from, research commissioned by Post has shown.
Former Brightside and Markerstudy boss Martyn Holman has taken up the role of chairman at Arron Banks-owned Somerset Bridge Insurance Services following the decision of Mark Boleat to stand down, Post can reveal.
Insurance Covid-Cast - episode three: Is motor insurance at a tipping point in light of the coronavirus lockdown?
In the third of a new series of video casts brought to you by Insurance Post and Insurance Age while our journalists are in isolation lockdown we discuss whether UK motor insurers are being unfair in not rebating premium or offering more flexible options…
The financial impact of Covid-19 is being felt by UK motorists. Alan Inskip, Tempcover CEO, explains many are facing immense financial uncertainty at a time when their annual insurance policy is due for renewal, but their vehicle usage is severely…
Covéa delivered an underwriting loss of £22.3m in 2019 compared to a profit of £1.8m the year before, with the insurer hit by high levels of motor claims inflation and flat market premiums along with a lower level of reserve releases.