Motor
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.
Axa and RSA mini-fleet products added to Applied Systems' panel
Applied Systems is expanding its commercial lines panel with the addition of mini-fleet products from Axa and RSA.
Over half would only consider telematics policy with £100 plus premium saving
Saving money is still the biggest factor in people taking out telematics and data-based insurance motor policies, according to new research from Consumer Intelligence. Although for over half (55%) the saving would have to be over a £100 for them to…
Driverless cars concerns can be overcome, claim insurers
Concerns around the vulnerability of driverless car systems to hacking have merit but do not present an insurmountable obstacle to mainstream uptake, according to insurers involved in the development of autonomous vehicles.
UK motor market value set to decline over coming years
The real value of motor insurance markets in the UK and Italy are likely to decline over the next few years, as emerging Asian markets continue rapid expansion, according to Finaccord.
Blog: Breaking down the barrier of mistrust
Given half a chance and insurers will wax lyrical about how ‘being there’ for policyholders in their time of need is what forms the foundation of an ancient and noble business model.
Europe: Russian insurance news roundup
The Russian insurance market grew by 2% over the first half of the year, increasing at a smaller rate than the number of complaints and sanctions against insurers.
Goldman Sachs could pocket 400% return on Hastings investment
Goldman Sachs could bank a return of 400% on its stake in Hastings following the UK motor player’s stock market floatation next month, if investors respond as expected, according to reports.
Turkish market still overly reliant on underperforming motor says Fitch
The Turkish insurance sector's profitability remains driven by the performance of the motor insurance segment, according to a new report by Fitch.
High-tech fraud: Faceless threat
Fraud has gone high tech, with the potential damage that hackers using the internet can cause becoming a real danger. Now the industry is starting to use high-tech methods to fight back.
Motorcycle claims management firm BLD Group enters administration
Motorcycle claims management provider Bikers Legal Defence entered into administration on 9 September with BDO appointed to handle the process.
Allianz strikes PPI and GAP deal with Maiden
Affinity and white label specialist Maiden has extended its partnership with Allianz on developing branded insurance solutions to automotive original equipment manufacturers and their customers.
Hackers pitched as remedy to driverless car vulnerabilities
Motor manufacturers should reward hackers for uncovering vulnerabilities in autonomous vehicle systems as cyber security remains a major stumbling block to widespread adoption of driverless cars, according to a report published this month.
Insurers must find right balance with millions of policyholders up for grabs
The threat of motor insurance customers switching providers more frequently creates a dilemma for insurers on how to differentiate their policies on factors other than price, according to market insiders.
Educating drivers on the importance of safety holds key to curbing uninsured driving
Reducing motor premiums by educating young drivers on the importance of road safety has been raised by market commentators as the main way of curbing the number of uninsured drivers, which has risen for the first time in a decade.