Motor
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.
Editor's comment: Great Scott!
Last week was Back to the Future day – 21 October 2015 – the date film character Marty McFly travels to in the second instalment of the sci-fi trilogy.
IPT increase could encourage driving without cover, AA warns
The AA has warned that higher motor rates may lead to younger drivers taking to the road without cover or with false details.
Emergence of 'disruptors' keeping established motor players on their toes
The launch of a broking start-up that provides motor insurance by the hour has been hailed as an example of a “disruptor” that will force established players to refocus on their customer proposition.
Rival propositions expected as mass-market telematics app goes live
Telematics providers and insurers are backing a mass-market motor offering fronted by black box company Carrot amid suggestions other companies - including mobile phone networks - could follow suit.
Fraudster handed suspended jail sentence following ERS private prosecution
An insurance fraudster has been given a suspended prison sentence and ordered to pay the costs of legal fees after a private prosecution launched by ERS.
Product liability comes to fore as motor manufacturers take on autonomous vehicle liability
Motor manufacturers accepting liability for autonomous vehicle crashes does not signal the demise of motor insurance, according to industry experts, who have suggested developments will instead lead to product liability playing a more prominent role.
UK startup Cuvva launches first hourly insurance cover
UK start-up broker Cuvva has launched what it claims is the first motor insurance cover to be offered by the hour.
Mapfre and Solera open motor research facility in Beijing
The facility, which officially opens today, is the seventh Solera Technology Centre in the world and the first in China.
Mass-market telematics app-based solution gains Zurich backing
The UK’s first mass-market and full underwriting-based motor insurance is to be launched by telematics company Carrot on aggregator websites this week.
IPT increase to add £13 to motor policies, claims ABI
The Association of British Insurers has highlighted how a range of policies will be impacted when the Insurance Premium Tax increase takes effect in November.
ABI calls for action on CMCs as motor policy prices rise
The average motor insurance premium rose slightly in the third quarter of 2015, according to the Association of British Insurers' Quarterly Motor Insurance Premium Tracker.
Quarter of a million uninsured drivers in first half of 2015 - Churchill
More than 250,000 motorists across England and Wales were handed penalty points for driving without insurance between January 2013 and June 2015, according to new analysis from Churchill Car Insurance.
Q3 motor premiums increase 4.8%, AA Index shows
Average motor premiums rose 4.8% in the three months to 30 September 2015, while over the past 12 months the average policy price has increased 9.2%, results from the AA premium index show.
Blog: Product ratings gaining momentum as an alternative to claims ratios
In my last blog for Post, I pitched the idea of product ratings as an alternative to claims ratios. I am delighted to say that the debate has moved on significantly in recent weeks, thanks to an independent review company which publishes star ratings for…
Volvo to accept full liability for autonomous vehicle crashes
Volvo Cars is to accept full liability whenever one of its cars is in autonomous mode, CEO Håkan Samuelsson has announced.
Axa foresees driverless car revolution
Driverless cars are almost a reality and have the potential to revolutionise peoples’ lives, according to David Williams, Axa UK’s head of underwriting.
British Money exits PPI, moves to motor
Payment protection insurance seller British Money has announced it is leaving the scandal-hit sector and moving into the motor insurance market.
Liberty Specialty Markets exits UK motor sector
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, is to exit the UK motor market following a strategic review.
Ford teams up with Marmalade for young driver insurance
Ford and Marmalade have joined forces to offer young drivers cheaper insurance on new Fiesta or Ka vehicles.