Motor
Motor sector set to report loss for 2014 as claims return to pre-Jackson levels
Towers Watson report says reserve releases unlikely to continue
Motor premiums ‘bounce’ to 1.2% increase says AA
Average motor premiums have increased by 1.2% according to the latest figures from the AA, which described the increase as rebound "off the bottom".
Driverless cars could be mandatory within two generations predicts Teradata chief
Autonomous cars will be the norm within two generations according to experts speaking at the Teradata Partners conference.
Road Safety Foundation demands tax cut on telematics policies
The Road Safety Foundation has called for reductions on premium taxes on telematics-backed motor insurance policies for young drivers.
Third party injury claims down 10% say actuaries
Insurers have benefited from a 10% reduction in the frequency of third-party injury claims according to figures released by the Institute and Faculty of Actuaries.
IFB set for a busy 2015 as it looks to fill details in five-year plan
The Insurance Fraud Bureau has unveiled a five-year plan to extend its remit beyond motor fraud and facilitate data sharing with lawyers and private investigators.
Comprehensive motor prices inching upwards says Towers Watson
The average cost of a new comprehensive motor policy in the UK has increased for the first time since 2011, according to Towers Watson, rising £3 to £582 in the third quarter of 2014.
Government's road safety approach criticised as insurers probe 'grey fleet' challenge
The current government is “not ambitious about road safety”, according to the Parliamentary Advisory Council For Transport Safety executive director David Davies.
Europe: Q&A with Bart de Smet, Ageas
Ageas is committed to the UK's motor sector despite its volatility, according to group chief executive Bart de Smet, who adds that the firm is always keen to gain from consolidation elsewhere.
Biba prioritising sharing economy as 2015 manifesto issue
The British Insurance Brokers' Association has confirmed its support for the sharing economy by its intention to include it in its 2015 manifesto.
Sharing Society: A problem shared
The sharing economy has seen enormous growth in recent years but it still poses many challenges for the insurance industry – not least in terms of the vast array of risks the sector poses
28% of consumers cutting back on insurance because of cost
Almost a third of Britons have cut back on their insurance purchasing because they could not afford it, according to figures from Close Brothers Premium Finance.
UK General boosts East of England presence with schemes deal
Leeds-based managing general agent UK General has partnered with Cambridge broker 2gether Insurance on an excess protection ancillary schemes deal.
ABI refuses to 'take lectures' from CHOs on credit hire portal
The Association of British Insurers has lashed out at the Credit Hire Organisation following its plea for insurers to back an electronic portal.
LV adds quads, trikes and buggies cover to Open GI
LV Broker’s highway quads, trikes and buggies product is now available on Open GI.
DfT tipped to focus on telematics in announcement on young driver safety
Government thought to have sought reports from three telematics providers
CMA private motor market report: Mooted ‘wide’ MFN clause ban could offset rate rises resulting from CMA inaction
Authority’s decision not to intervene on credit hire costs ‘a bitter pill to swallow’
Editor's comment: A bitter pill to swallow
While some things are well worth waiting for, others – as the Competition and Markets Authority’s final report into the private motor market demonstrated this week – really are not.
Brokers urged to offer ancillary cover outside of renewal cycle
Brokers are missing out on key revenue opportunities from ancillary products according to research conducted by Astrenska, Collinson Group’s underwriting division.
BMW renews Allianz Global Assistance warranty programme
BMW has signed a three year deal with Allianz Global Assistance in the UK to provide extended warranties to car owners.
C-Suite - Insurer: The value of investments
Unpredictable returns must be a driver for increased motor prices
Aviva CEO Wilson critical of CMA findings
Aviva group chief executive Mark Wilson says the Competition and Markets Authority failed to deliver required reform in its two year investigation into the private motor insurance market.
ERS hires ex QBE casualty claims head
Non-standard motor specialists ERS have appointed Donna Willis as head of personal injury claims.
CMA ban on wide MFNs will spur consumers to shop around
CMA announcement will result in consumers using multiple Price Comparison Websites when shopping for insurance