Motor
ABI index shows average motor premium is down by 4% in 2014
The average price paid by motorists for private comprehensive motor insurance during 2014 fell by 4% compared to 2013, according to figures published by the Association of British Insurers today.
ERS recruits Innovation Group to manage repair and engineering network
Motor Insurer ERS has inked a three year deal with Innovation Group that will see the claims specialist manage its repair and engineering network for cars, light and heavy commercial vehicles.
LV focusing on profitability
LV group CEO Mike Rogers has insisted the firm is focusing on “profitability rather than top line income” after the business recorded a reduction in annual general insurance gross written premium to £1.39bn last year from £1.45bn in 2013.
Age UK offers 'goodwill gesture' to reverend after discrimination dispute
Age UK has denied accusations it discriminated against a Christian minister by threatening to void her motor insurance policy after she put religious slogans on her car.
Car renter trade body recruits Hill Dickinson for counter fraud drive
The British Vehicle Renting and Leasing Association has partnered with Hill Dickinson to tackle fraud in the self-drive hire sector.
Lexham enters car market with telematics offering
Moped and scooter broker Lexham is to expand into the car insurance market as part of a partnership with telematics firm Tracker.
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.