Motor
Fraud taskforce encouraged to broaden scope beyond motor insurance
Hertzell will invite industry experts to contribute to the work
Average policy savings of £15 predicted following My Licence launch
Motor Insurers’ Bureau CEO Ashton West has set his sights on the “the holy grail” of delivering claims data at the point of quote by 2016, following the launch of the My Licence initiative, which is expected to spark customer savings.
My Licence officially launches
The My Licence initiative has officially been launched by the Motor Insurers' Bureau and the Driver and Vehicle Licensing Agency.
LV extends Nationwide motor contract
LV has completed a deal to further extend its partnership with building society Nationwide on car insurance products.
RSA named as insurer partner for Greenwich driverless cars pilot
RSA has been selected as the insurer partner for the Government-backed driverless cars project in Greenwich, London.
Axa picked as insurance expert for driverless cars project
Axa has been selected as part of two government-funded initiatives to pilot driverless cars in the UK.
Innovation Group inks £46m deal for motor service specialist as CEO departs
Innovation Group has revealed a deal to spend up to £46m on one of the UK’s leading motor service plan specialists, alongside announcing the departure of CEO Andy Roberts.
ABI 2014 Motor Conference round-up
All the big stories from the ABI motor conference.
MoJ’s Grayling outlines 1 April start for whiplash portal MedCo
The new regime to accredit and distribute work to medico legal firms will go live on 1 April 2015 it was announced today.
MP moots option of second CMA review into motor insurance
A Conservative MP has raised the prospect of a second Competitions and Market Authority review into the motor insurance sector after the next election.
Claims Club News: Insurance implications of automated cars depend on level of human interaction
The extent of human interaction is one of the biggest challenges companies face in the race to develop driverless cars.
ABI's Evans urges insurers to take reputational issues into own hands
Insurers must do a better job of defending rating factors to avoid them being seen as a "sinister" use of data collection against consumers, Association of British Insurers deputy director general Huw Evans says.
Four men jailed in Operation Catcher crash-for-cash case
Four men have been jailed for a total of nine years at Croydon Crown Court for their roles in fraudulent insurance claims totalling more than £290,000.
Blackpool and Crewe among areas with highest drink-driving convictions on motor policies
Llandrindod Wells and Blackpool have been named as the top two postal areas for drivers with drink or drug-driving convictions on their car insurance policies, according to research from aggregator Money Supermarket.
Axa Assistance launches total loss product
Axa Assistance has launched total loss protection insurance for insurers and brokers to address delays and financial losses associated with motor write-off claims.
Biba launches sharing economy guide
Aon, Higos, Bluefin and Towergate are among the brokers that have signalled they can place risks for businesses operating within the sharing economy, according to the British Insurance Brokers' Association.
Motor firms warned rates need to go up 10% to restore sector’s profitability
Underwriters face net combined ratios of 112.% in 2015
Credit hire: A missed opportunity
The Competition and Markets Authority report on the private motor market was met with criticism over its lack of action on credit hire practices. So what action can the industry take?
Claims Club Monthly Missive: Driverless cars, connected homes and PPOs
From Tennessee to London, over the past few months I have heard a considerable amount about the future of insurance.
Devitt and LV Broker partner on motorcycle offering
Motorcycle insurance broker Devitt Insurance Services and LV Broker are launching a scheme for the motorcycle trade.
CHO charter unlikely to garner ABI support
The Association of British Insurers has said it would be unlikely to sign up to the Credit Hire Organisation consumer charter due to practical and legal concerns about the document.
2% rate rise in 2015 not enough to spark motor profitability, claims EY
Next year has been billed as the beginning of a trend in rising motor premiums by advisory firm EY, yet a predicted average 2% rise in 2015 will be below the rate of claims inflation.
Martinez and Partners to enter professional indemnity market
Basingstoke-based broker Martinez and Partners is to launch stand-alone professional indemnity products for architects, surveyors and accountants in 2015.
CGI awarded My Licence contract as insurers wait to use system
CGI has contracted with the Motor Insurers' Bureau to deliver the My Licence hub to insurers as the system is reportedly being rolled-out across the industry.