Motor
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
CMA criticised for 'not going far enough' on MFN clauses
Agreements between price comparison websites and insurers which prohibit insurers making products available more cheaply on other online platforms are to be outlawed following an investigation by the Consumer & Markets Authority.
ABI says politicians 'need to act' after CMA 'ducks' credit hire challenge
The Association of British Insurers has slammed the Competition & Markets Authority’s failure to tackle “excessive” credit hire costs, claiming they are likely to lead to higher charges for consumers.
CHO chief urges insurers to 'get round the table' after CMA's credit hire U-turn
Credit Hire Organisation chief executive Martin Andrews has called on insurers to work with the credit hire industry after the Competition and Markets Authority said it will not take action over credit hire costs.
CMA finds 'no effective remedy' for credit hire costs
The Competition and Markets Authority will take no action on credit hire practices after finding that there is “no effective and proportionate remedy” in its final report into the private motor market.
Industry seeks aggregator assistance in fight against application fraud
ABI figures reveal 180 000 dishonest motor insurance submissions in 2013
Top 100 UK Insurers: AM Best Commentary: The lie of the land
Falling rates and low returns on investment continue to dog insurers, while the impact of regulation is being felt across the sector
AA posts reduced profit in first results since IPO
AA posted a 1.6% increase in revenue from £484.1m to £491.7m in its maiden half year results following its initial public offering in June.
Nationwide, Hiscox and LV top Fairer Finance rankings
The latest rankings from consumer campaign group Fairer Finance have handed top places for Car, home and travel insurance providers to Nationwide, Hiscox and LV, respectively.
ABI research shows insurers paid £32.1bn in claims last year
The amount paid out by UK general insurers on claims last year increased by £1.5bn on the 2012 figure of £30.6bn, according to the Association of British Insurers' UK insurance key facts 2014 research.
Online buying habits fueling application fraud, says Coupland
Changing distribution channels are partly to blame for the current rise in application fraud, according to SSP head of data strategy Adrian Coupland.
ABI offers staunch defence of application fraud figures following criticism
The Association of British Insurers has moved to defend the process by which it calculated that 180 675 motorists attempted fraudulent insurance applications last year, following criticism by a claimant law firm.
SSP tackles £2.8bn application stage fraud with software launch
Software provider SSP has launched a counter fraud solution within a pricing and data platform in a bid to enable insurance companies to clamp down on rising motor fraud at the policy application stage.
News Analysis: Party conference season approaches
With the Green Party positioning itself as the ‘real opposition’ to the coalition government, reality TV star ‘White Dee’ Deidre Kelly set to speak at the Conservative Party Conference alongside David Cameron and the furore surrounding the ‘Yes’ vote…