Motor
Safe driving app well received in Australia
Several thousand customers have already downloaded a safe driving app in Australia recording 20,000km of data.
Editor's comment: A market under attack
Quarter three of 2014 saw a glimmer of hope for the beleaguered UK motor insurance market, suggesting rates might be on the rise and claims might be falling as the Legal Aid, Sentencing and Punishment of Offenders Act 2012 started to take effect.
Legal Update: Ping-pong - it's not table tennis
Andrew Parker anticipates amendments to unfinished legislation as this parliament draws to a close
Smaller motor players facing market exit amid intense competition
Cut-throat competition and meagre rate rises in the motor market could force smaller players to plot an exit, according to industry analysts, as “brinkmanship” continues among certain insurers over potential price increases.
Motor insurers and SMEs in firing line as court fee rises are considered
Proposed court fee increases have been criticised by legal experts for countering the government’s aim of reducing the cost of litigation, amid concerns motor insurers and SMEs will be impacted by the changes.
Drivers claiming £3.2m in compensation for pothole damage
Almost 50,000 UK drivers have claimed more than £3m in compensation from local councils for damage to vehicles caused by potholes over the last financial year, according to the RAC Foundation.
29% of drivers believe they aren’t responsible for accuracy of insurance applications
Almost a third of UK drivers believe they are not directly responsible for the accuracy of their motor insurance applications, according to new research from technology firm SSP.
Blog: Tackling insurance fraudsters, one piece of shared information at a time
Insurance fraud is often painted as a victimless crime - but as anyone in the industry can tell you, it most certainly isn't.
NCI proposes ISDX withdrawal to shareholders
NCI Vehicle Rescue is proposing a withdrawal from the ISDX Growth Market in a letter sent to shareholders today (22 January).
Carole Nash offers bikers cheaper car insurance for road safety nous
Carole Nash is offering to beat motorcyclists' car insurance renewal quotes after research from the broker found bikers' knowledge of road safety is twice as good as car drivers.
AA index records static home and motor premiums
The average quote for a combined home buildings and contents policy has remained static over the past three months while an average quoted motor premium rose £1, according to the AA's British Insurance Premium Index.
Carrot teams up with Fiat to launch young drivers product
Telematics provider Carrot Car Insurance product director Ed Rochfort believes the convergence between manufacturers and the provision of insurance “will continue to gather pace” after unveiling a new product alongside Fiat.
Insure the Box sale highlights threat of manufacturers to motor insurers
Motor manufacturers are primed to “take the motor insurance market by storm”, according to market insiders, who have highlighted the sale of Insure the Box as a wakeup call to the threat manufacturers represent to insurers.
Money Supermarket sees revenues jump 10% in 2014
Price comparison website Money Supermarket expects to report a 10% increase in revenues to £248m for the 2014 financial year, with adjusted Ebitda expected to grow by 13% to approximately £95m.
Insurers urged to look beyond underwriting when assessing telematics benefits
Insurers are squandering the benefits of greater data access by failing to recognise benefits beyond underwriting, according to Wunelli director Sandy Dunn.
Blog: Five emerging trends to watch out for this year
This week Post gazed into its crystal ball to discover what 2015 held for the insurance market. Below are five of the most exciting (but also sobering) discoveries about the year ahead.
16% of Britons ‘horrified’ by driverless cars
Almost half of British adults would be unwilling to be a passenger in a driverless car while 16% are “horrified” by the idea, according to research from Uswitch.
Saga launching motor panel to expand customer base
Saga has created a new panel of motor insurers to build out its client base, while also plotting to double takings from its travel business.
Five trends for 2015: Looking to the future
With 2014 receding into the distance, Post took a moment to consider which – if any – of the trends that emerged in 2014 will reach fruition in the next 12 months. Will Back to the Future’s vision of streets awash with hover boards become a reality? Will…
Fraud Focus: The key issues on the horizon
What measures, technology and legal reforms will be changing the landscape of fraud in 2015?
C-Suite - Insurer: Reducing young road deaths
The next government must act to combat the biggest killer of 15 to 25-year-olds in the UK
First phase of government telematics review to report in April
The first phase of the government’s review into the potential of telematics to improve safety for young drivers will be delivered in April, according to the Minister of State for the Department for Transport Baroness Kramer.
CMA draft order obligations criticised for duplicating existing regulation
Industry players are fearful draft Competition and Markets Authority motor insurance obligations conflict with existing conduct regulation amid concerns the watchdog is not giving firms enough time to implement its suggested reforms.
Insurance trade bodies to meet with regulators on CMA draft orders
The British Insurance Brokers' Association and the Association of British Insurers are to meet with the Financial Conduct Authority and the Competition and Markets Authority in the coming weeks to ensure obligations from the CMA private motor…