Motor
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.
Falling PPOs could bring good news for motor insurers
Motor insurers could see a strengthening of their position in coming cycles with one of the key factors inflating re/insurance prices levelling off for the first time.
Collingwood receives PE backing to grow new product lines
Collingwood Insurance Company has confirmed private equity firm JZ International has become a majority investor in the business to help accelerate its growth plans.
Esure GWP rises 5% at nine month stage as rating actions bed in
Positive rating actions and footprint expansion in home and motor lines of business have seen Esure increase gross written premium by 5% to £430.5m in the first nine months of 2015 (9M 2014 £410m).
C-Suite - Insurer: The devil in the details
Urgent changes need to be made to remove the financial incentives at the heart of injury claims.
Dye predicts 2016 private motor turnaround as Allianz UK profits slide
Allianz UK has seen a slight deterioration in its combined operating ratio and a £14.4m drop in profits for the third quarter of 2015 despite a 2.7% increase in gross written premiums over the past 12 months.
Fraudulent claimants ordered to pay £3000 to innocent driver
Claimants seeking personal injury damages have been found fundamentally dishonest and ordered to pay £3000 in exemplary damages to a driver who collided with them.
Motor pricing driven by return to pre-Laspo environment, Lewis contends
RSA UK and Western Europe CEO Steve Lewis is not expecting to see a wholesale shift in the market landscape before year-end with a challenging motor pricing environment reflecting pre-Legal Aid, Sentencing and Punishment of Offenders Act 2012 trends.
Insurance Europe report details widely ranging continental claims payouts
The cost of motor insurance claims varies widely across Europe, according to a report released by Insurance Europe, the European insurance and reinsurance federation.
Europe: Motor is a disparate market, with a future
It might surprise people in richer European countries, but an important part of claim payments on compulsory motor third-party liability policies in Latvia is used to pay for funerals.
Watson commends 'stable' profits despite nine-month drop
Ageas UK CEO Andy Watson told Post he is unconcerned by the firm's nine-month results published today (4 November), which included a 25% profit drop.
Self-Driving Vehicles: Key to success
It is only a matter of time before fully automated vehicles start appearing on our streets. How can insurers help manage the transition with liability products?
DLG reports 4.1% growth in motor
Direct Line Group has seen an increase in gross written premium and motor for the first nine months of 2015, according to an interim management statement released today (3 November).
Nexassure teams up with Hannover Re for Asia MGA
Nexassure has launched an extended warranty managing general agent using Hannover Re paper from Malaysia.
Saulter enthused by potential of expanded class offering in 2016
Davies CEO Dan Saulter is excited the company can now offer clients a more extensive class offering after its entry into specialist motor claims in July.
Customers most likely to pick and choose on insurance
Insurance products have topped the list when it comes to consumers shopping around; beating mortgages, phone contracts and energy suppliers according to an ABI survey.
Axa awarded £10k in costs after successful 'crash for cash' case
An attempted claim for personal injury damages following a staged accident has seen £10,000 and an eight month sentence awarded against a claimant.