Motor
Cycle of hurt to continue for motor insurers despite raised rates
The cyclical nature of the UK motor market is set to continue, despite the industry recently witnessing the biggest spike in premiums for the past five years, insurers have been warned.
Consumer confusion mooted as potential outcome of add-ons ban
The incoming ban on the sale of opt-out add-on insurance policies could spark consumer confusion and ultimately lead to a smaller scale “PPI-style scandal”, according to industry observers.
QBE names Roger Ball motor director
Business insurer QBE has appointed Roger Ball as director of motor, effective 1 January 2016.
Motor claims: What's driving motor claims?
Despite a range of unprecedented reforms and the industry’s own determination to fight motor claims fraud, numbers appear to be on the rise. What are the factors that could be influencing this alarming statistic?
Courier company owner given suspended jail sentence
The owner of two West Midlands-based courier companies who forged multiple motor fleet and freight liability insurance policies to win business worth more than £700,000 has been sentenced to 16 months in prison, which was suspended for two years.
Relocation and motor claims expected as St Albans sinkhole is filled
Work on repairing a sinkhole in St Albans that left more than 50 properties without water, electricity or gas has taken place at an estimated cost of £100,000 so far.
DAS to provide Bluefin brokers with motor assistance
Legal expenses insurer DAS has partnered with the Bluefin Network to provide their partner brokers with access to their motor breakdown service, DAS Motor Assistance Gold.
Motor premiums in biggest rise for five years
Motor insurance premiums in the UK have risen 8.1% over the past 12 months, signalling the end of three years of declining rates, according to the latest Car Insurance Price Index from Confused and Towers Watson.
Autonet increases profit by 13.1% in 2014
Autonet has reported operating profit of £9.5m for the year ending 31 December 2014, up from £8.4m over the course of 2013.
Claimant on hunger strike outside DLG offices in Bromley
A disgruntled Direct Line Group customer has said he is willing to die outside the firm's Bromley office in a dispute over claims.
Volkswagen to begin recall in January 2016
Troubled motor manufacturer Volkswagen will begin recalling cars that have been fitted with emission test-cheating software in January next year.
Analysis: Is flexibility the way forward for China’s motor market?
Adding more flexibility to the Chinese motor insurance market will create opportunities for foreign insurers to differentiate themselves on both price and product design, writes Nicky Burridge.
Ferma 2015: Willis launches motor risk forecasting tool
Willis has launched a tool that allows risk managers to forecast third party motor risk across Europe.
Quarter of UK drivers confused by motor insurance coverage
More than 8.7 million UK drivers do not understand what motor insurance cover they have, according to research from the Chartered Insurance Institute.
Ageas keeps ties with Volkswagen after emissions scandal
The Volkswagen emissions scandal is to have no impact on its partnership with Ageas, the insurer has confirmed.
D&O insurers facing VW payout as emissions scandal rumbles on
The increased use of technology in motor vehicles has been highlighted as a grey area in determining where product liability falls, in light of the Volkswagen emissions scandal, which will likely see directors and officers' insurers on the hook.
Consumer Intelligence index notes 5.5% premium fall for young drivers
Average motor premiums for drivers under the age of 25 dropped 5.5% in the year ending August 2015, according to insurance market researcher Consumer Intelligence.
Ageas and Age UK extend partnership for another decade
Ageas has extended its partnership with Age UK for another 10 years, with customers now having the opportunity to manage their insurance policies online.
CIS survey shows 100,000 parents 'fronting' offspring's motor polices
The number of parents currently ‘fronting’ motor insurance for their offspring has hit 100,000, according to research from The Co-operative Insurance.
Berenberg advises investors to avoid UK motor market
Berenberg analysts are advising investors to avoid the UK motor insurance market due to challenging operating dynamics and several "under-appreciated headwinds" they have identified.
Insure the Box partners with AA Driving School on telematics policy
The AA Driving School has teamed up with Insure the Box to launch AA Get Driving, a telematics motor insurance policy for pupils who have just passed their test and are buying their first car.
AM Best Commentary: Feeling the pinch
A number of market conditions are placing increasing pressure on the UK non-life sector. What will insurers need to do in order to ensure profits remain strong?
UK motor market chalked up collective loss of £31m in 2014
UK motor insurers continued to struggle in 2014, posting a collective loss of £31m, according to analysis by the Association of British Insurers.
Volkswagen's coverage questioned as £4.7bn is earmarked for emissions scandal
Volkswagen is unlikely to be able to rely on insurance to protect it from exposure relating to falsified US emission tests in particular diesel models of its vehicles, loss adjuster Cunningham Lindsey anticipates.