Motor
Personal and commercial profit pressures spark insurers' wholesale interest
Growth ambitions have been pegged as the main driver behind prominent UK insurers expanding their wholesale market presence with competitive personal and commercial lines conditions forcing insurers to deploy capital elsewhere.
Heathrow pods to be modified for London driverless car trials
Driverless "pods" currently being used at Heathrow Airport will be adapted to navigate the streets of Greenwich, in London, as part of the Gateway driverless car project.
Parents to access kids' driving scores through Wunelli deal
Parents will be given access to their children's driving scores and behaviour data through a new agreement between broker Autosaint and Wunelli.
Blog: Telematics from niche to mainstream
As the sector develops, expect to see advances from insurers and growing acceptance from consumers - this technology is here to stay
Anti-competition concerns quelled as insurers back subrogation portal
The use of electronic portals for subrogation claims is set to become widespread among motor insurers as concerns such systems could be anti-competitive were quashed by the first companies to use the technology.
Axa begins publishing claims statistics for individual products
Axa has begun publishing claims statistics for its individual products in a bid to improve customer trust via increased transparency.
Europe: Ukrainian insurance market ready for structural reforms
The past year has been full of contradictions for the Ukrainian insurance market. On one hand, on-and-off military conflict in the eastern regions contributed to depreciation of the hryvnia against the dollar, deepening the economic crisis that had been…
99% of motor claims are paid out, says ABI
Figures published by the Association of British Insurers for the first time will show 99% of motor claims were paid out in 2013 and 2014 but one in five household claims were declined.
Unified Covéa and Sterling teams develop executive motor product
Covéa has launched a motor product aimed at mid to high net worth customers wanting to insure between two and 10 cars.
New Zealand's insurers upset over fire service levy review
The Insurance Council of New Zealand wants the government to change the rules on an insurance levy for the industry which funds over 90% of the fire service.
Quiz of the week - 22 January 2016
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Blog: Poorly drafted MoJ Portal rules promote claims incubation
Relentless and often ill thought through changes to the civil procedural rules over recent years have acclimatised users to accepting poorly drafted rules which then require correction while in operation.
Aviva and Ageas agree subrogation portal to cut claims handling costs
Aviva and Ageas are the first companies to reach an insurer-led agreement to reduce the cost of handling third party motor claims following the 2014 Competition and Markets Authority motor insurance ruling.
IPT pushes up home and motor rates, says AA
Home and motor premiums increased in Q4 2015, with the AA’s index pointing to the increase in Insurance Premium Tax shouldering at least some of the rise.
Biba index shows rise in private car premiums
Broker-led private car policies have seen a significant spike in premiums, according to the latest insurance price index from the British Insurance Brokers’ Association and Acturis.
Consumer Focus: 2016: The year of the ‘switcher’?
The insurance industry saw huge changes in 2015, with changes in regulation and government tax rises. The effect on consumers will be seen over the next year – and they may not be happy
Quiz of the week – 15 January
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Allianz backs Thatcham stance on fitting AEB as standard
Allianz has backed calls by the motor insures’ research facility Thatcham for automated emergency braking technology to be fitted as standard to all new cars sold in the UK.
Motor premiums see largest hike in five years
Motorists were hit with the highest quarterly rate rise in five years for comprehensive car insurance in Q4 which saw prices rise by 7% to an average of £672, according to the latest Confused car insurance price index.
Pressure building on Hong Kong's CORs, says Swiss Re
Clarence Wong, chief economist Asia at Swiss Re, believes the soft market conditions in Hong Kong are "unsustainable".
Night-time curfews for young drivers to be introduced in Northern Ireland
A comprehensive package of new measures to improve road safety has been passed by the Northern Ireland Assembly that includes night restrictions on young drivers carrying passengers.
Analysis: Hong Kong's 2016 prospects
Insurers in Hong Kong look set to have a testing year in 2016 as competition remains intense, margins are tight and the market gears up for a new regulatory regime writes Nicky Burridge.
Right Choice buys three breakdown brands from ERS
Right Choice Insurance Brokers has acquired three motor breakdown insurance brands from ERS resulting in the transfer of approximately 150,000 vehicles and customers insuring under the Autonational, Auto Aid and Eurorescue brands.
Acromas offloads tax losses to Saga for £7.65m
Over-50s insurer Saga is to acquire tax losses from Acromas SPC Co and Acromas Mid Co - a 31.5% shareholder in Saga, worth £15.3m, according to a Saga trading statement.