Motor
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.
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.