Motor
GAP product to go to market via Maltese PCC
Maltese protected cell company Building Block will partner with UK-based broker Nova Insurance to provide a new guaranteed asset protection (GAP) product.
Brightside signs five-year breakdown deal with RAC
Brightside Group and the RAC have signed a five-year deal that will see the broker selling a variety of breakdown products to customers across its motor book.
Supersonic Cars: The need for speed
Ask a meerkat or a moustachioed opera singer for a quote for a supersonic car and you would be met with bewilderment and a rapid search for the exit door. Yet it is not as unusual a question as you might think.
C-Suite - Insurer: Foresight is a wonderful thing
It is vital that insurers look ahead to try and offer products to customers before they demand them.
Specialist cover launched for motorbike riders
A motorcycle product that allows riders to choose how much to insure their helmets and leathers is on offer from Loss Insurance Services.
Legal Update: Consultations on small claims limit won't be plain sailing
The personal injury reforms announced in the Autumn Statement are to be welcomed. But is Chancellor George Osborne being too bold when he packages them as part of a wider plan to reduce car insurance premium?
IFB strategy approved by ABI council
The Insurance Fraud Bureau's strategy plans were officially signed-off today (11 December) giving the green light to stretching its mandate from organised motor to property and liability fraud.
Power hour: Finding a foothold in fleet
With constant pressure on rates, insurers pulling out of the market and the rise of technology such as driverless cars, there are lots of opportunities, as well as pitfalls, in fleet insurance
Markerstudy signs up to Thatcham Research
Markerstudy will have access to data from motor testing firm Thatcham Research after becoming a member of the not-for-profit researcher.
Credit hire issues on the table at government motor reform meeting
Credit hire was on the agenda at a high-level government meeting yesterday (9 December) discussing the Autumn Statement, Post understands.
Europe: What's driving telematics growth
Alongside North America, Europe so far represents the vast majority of all insurance telematics policies, with Italy and the UK leading the pack.
Chubb introduces cyber-bullying cover for HNW products
Chubb policyholders who become victims of cyber-bullying may claim up to £50,000 towards professional support, lost income and temporary relocation costs under their home policy following changes to the insurer’s private clients offering.
Serious motor claims costs rising as government looks to lower premiums
Motor insurers are facing increasing claims inflation on major injury claims, according to a report from the Institute and Faculty of Actuaries, which could affect future earnings forecasts.
Q&A video: implications of the Vnuk case on UK motor market
Following the European Court of Justice ruling in the UK government will very soon have to change the rules about what risks are covered by compulsory motor insurance law.
Legal Update: Between a rock and hard place
Nick Rogers examines where liability attaches when an autonomous vehicle cannot avoid an accident.
C-Suite - Broker: From here to eternity
Premium rates will forever go up and down – how can we ensure our margins aren’t compromised?
Impact Forum: Apple to launch electric car in 2019 predicts government adviser
Technology giant Apple has been tipped by a government adviser to launch into the motor market by 2019.
More data needed to assess impact of telematics on young driver collisions, DfT finds
A Department for Transport report has concluded insurance data alone is not sufficient to assess the impact of telematics-based insurance on young driver accident rates.
Serious crash claim costs up by 11% per policy each year
Amounts claimed in severe motor accidents rose but the number of claims made stayed steady, according to a report by the Institute and Faculty of Actuaries.
C-Suite - Insurer: Standing strong together
Regulation of CMCs is welcome, but the industry can also do its bit to show it isn’t a pushover.
Fraud 2015: Banking v Insurance analytical resource is 'chalk and cheese'
Comparing the insurance industry’s analytical capabilities to those in the banking sector is like comparing “chalk and cheese”.
Government accelerates whiplash reforms to remove £1bn of costs
Chancellor of the Exchequer George Osborne committed to accelerating motor injury reforms in today’s (25 November) Autumn Statement, which are expected to remove more than £1bn from the cost of providing motor insurance.
8.4 million UK motor policies at risk of application fraud, Lexis Nexis finds
More than one third of insured motorists believe it is acceptable to omit or adjust data to reduce their motor insurance premiums on application, research from Lexis Nexis Risk Solutions has found.
EY predicts 8% motor premium increase
Motorists can expect an average 8% rise in the price of their insurance which is equivalent to a £30 annual increase per driver, according to EY research.