Motor
Mass critical of CMA stance on repair networks
The Motor Accident Solicitors Society has condemned the findings from the Competition and Markets Authority, which said the watchdog would not investigate repair networks further.
CMA probe provides ‘little respite’ for insurers, says analyst
Proposals from the Competition and Markets Authority issued today will provide little support to the relief for insurers hoping to boost performance, according to Shore Capital analyst Eamonn Flanagan.
Competition watchdog calls for credit hire cap and 'wide' MFN ban
The Competition and Markets Authority has today revealed proposed changes for the UK’s private motor insurance market in a bid to increase competition and reduce costs for drivers.
CHO urges CMA to adopt existing framework for credit hire claims
The Credit Hire Organisation is urging the Competition and Markets Authority to use the existing credit hire claims settlement framework when it issues its final report on competition in the private motor insurance market.
Motor insurers record first profit in 20 years, claims EY
The motor insurance market has recorded its first underwriting profit since 1994, according to figures released by EY this morning.
PPO injury research to help insurers with future risk
The Institute and Faculty of Actuaries has developed a new categorisation for serious spinal and brain injuries aimed at helping insurers better estimate future liabilities.
MIB hails continuous motor cover rules for Northern Ireland
The Motor Insurers’ Bureau has welcomed plans to consult on the introduction of a continuous insurance enforcement scheme in Northern Ireland, bringing the country in line with England, Scotland and Wales.
Bogus whiplash claims driving up motor premiums in East London
East London motorists are paying more than three times more for car insurance than their West London counterparts due to high numbers of bogus whiplash claims, according to research from accident camera company Smart Witness.
Axa motor boss Byford to head up retail underwriting at ERS
ERS has hired Axa’s head of motor personal lines intermediary Jon Byford to head up retail underwriting at the broker-only motor insurer.
Aggressive driving making Singapore road users feel unsafe, says Axa
As Axa Singapore launches a driver behaviour app, the insurer says three out of five drivers in Singapore feel unsafe.
Roundtable: Fraud: Talking tough
The insurance industry has made a big noise about increased anti‑fraud efforts in recent years, but how significant has the impact been – and where could firms do more?
Warning over ride-sharing in Australia
The Insurance Council of Australia is urging Australians to be aware of the potential impact car ride-sharing services might have on their motor vehicle insurance.
Lockton snaps up Motorsport specialist
Broker Lockton has completed the acquisition of Leeds-based motorsport broker, MIS Motorsport.
Driverless Cars: Crash of the motor insurance industry?
by Cherry Chan, partner at Barnett Waddingham
Isotrak partners with TTS360 on crash assistance
Telematics provider Isotrak has partnered with incident management company TTS360 giving its HGV fleet customers assistance after a collision.
Axa Tianping targeting 3% of China motor market
Gaelle Olivier, CEO, general insurance, Axa Asia is targeting 3% of the motor market in China through its joint venture Axa Tianping.
Q&A: RSA boss Stephen Hester gives Post the inside track
Four months after taking over the reins at RSA, group chief executive Stephen Hester talks to Post about the reasons behind his decision to take the plunge into the general insurance industry, how the firm’s strategic action plan is progressing, life…
RSA boss Hester open-minded on motor market presence
RSA group chief executive Stephen Hester has ruled out further cut-backs in the UK motor space in the short term but has warned he will not treat the embattled market as a “sacred cow”.
European Council agrees Ecall proposal
The European Competitiveness Council has agreed a general approach to a draft regulation aimed at introducing motor type-approval system requirements for fitting Ecall devices in new models of vehicles.
Fitch warns on China motor profitability
Fitch Ratings believes motor insurance profitability will hamper the performance of China's general insurers in 2014.
Axa Assistance partners with Footman James in classic car deal
Axa Assistance has unveiled a new breakdown assistance product for classic car owners in partnership with Towergate-owned Footman James.
RSA ‘absolutely’ committed to UK motor despite axing 800 brokers
RSA has reaffirmed its commitment to the UK motor market in spite of its decision to sever ties with personal lines brokers where portfolios are dominated by the troubled business class.
RSA cutting more than a third of personal motor brokers
RSA is to reduce the number of personal motor broker relationships by 35%, axing partnerships primarily led by motor cover.
Insurers told to cut losses in motor amid ongoing competition concerns
Hiscox AGM sees 42% of shareholders vote against remuneration policy