Motor
Insurers critical of TSC medical report proposal
The industry has slammed a Transport Select Committee proposal to prohibit personal injury claims being settled without a medical report with one insurer calling the suggestion “out of touch”.
TSC endorses proposed pre-med whiplash offer ban
The Transport Select Committee has thrown its support behind government moves to prohibit insurers from settling whiplash claims without a medical, as part of a report on fraudulent and exaggerated motor claims.
Two thirds of public back young driver restrictions
The majority of the British public back measures to cut death and injury on the roads through restrictions on newly qualified young drivers, according to an RAC survey.
Uninsured Italian vehicles hit 3.5 million
The number of uninsured vehicles on Italian roads reached 3.5 million in 2013, up from 3.1 million in 2013 according to the Italian association of insurance companies ANIA.
Your say: Telematics for the mass market
Post's recent roundtable on telematics made an interesting read and raised some valid points.
Southern Rock becomes latest insurer to join IFB
Southern Rock Insurance Company has become the latest member of the Insurance Fraud Bureau.
Three convicted in crash-for-cash scam
Three people have been convicted for their involvement in a crash-for-cash scam involving seven collisions across the Thames Valley and Metropolitan Police areas.
ERAC Spotlight: Keep on moving
Since the millennium, replacement cars have become standard, offering customers uninterrupted mobility
ERAC Spotlight: Aiming Hire
Are technological advances and regulatory changes the answer to the insurance industry's problems with credit hire?
Interview: Edmund Truell: This man means business
With a career spanning the length and breadth of financial services, Edmund Truell is now muscling into the telematics sector. Post meets a man who speaks his mind about the insurance industry – and, according to him, it’s not all a bed of roses
C-Suite - Insurer: Putting the brakes on whiplash
The industry must ensure it goes all out to discourage dishonest whiplash claims
Roundtable: Telematics: The future of motor?
To date telematics has been used for niches such as young drivers but, with providers making further advancements all the time, will this be the case in the future?
Motor rate reductions to end in 2015 say analysts
Motor insurance rates will steadily increase next year after nine successive quarters of reductions according to analysts from Oriel Securities.
Audatex and HPI to provide joint claims solutions for insurers
Claims service provider Audatex and its sister company HPI, the vehicle provenance specialist, are to join forces to develop solutions for the insurance sector.
Motor price rises 'inevitable' as EY forecasts a return to loss-making in 2014
Motor insurance underwriting in 2014 will return to being a loss-making product after just one year in the black, according to EY’s annual UK motor insurance results seminar.
Underinsurance an issue for classic car owners as values soar
Owners of classic cars are being urged to review the value of their vintage vehicles amid claims that unprecedented appreciation has led to inadequate insurance coverage.
CMA proposals 'modestly credit negative' for motor insurers
Proposals for reform within the UK private motor insurance market set out by the Competition and Markets Authority are likely to be credit negative for insurers, according to ratings firm Moody’s.
Insurers voice concerns over prospect of mandatory telematics policies
Analysts predict opt-out system for telematics within next decade
CMA report provides boost but industry bemoans missed credit hire opportunity
Industry concerned inaction on subrogated repair costs prevents level playing field
Editor's comment: Used to disappointment
It is impossible to please all of the people all of the time, but it seems the Competition and Markets Authority has failed to please almost every motor insurer this week.
Add-ons: Under the microscope
The sale of additional products is under immense scrutiny by the Financial Conduct Authority. With the insurance industry pushing resources into self-policing since the motor legal expenses inquiry, has it done enough?
BIA Countdown: Achievement winner reflects: Q&A with Ashton West
Since their inception, the British Insurance Awards have become the unrivalled badge of excellence for the insurance sector, raising standards across the industry through their showcasing of best of breed performance and innovation.
Motor premiums predicted to rise in line with inflation
Motor insurance premiums are likely to start rising over the next 12 months after two years of falling prices, according to Deloitte insurance partner James Rakow.
German motor market to turn a profit in 2014
Premium increases in the German motor market are expected to trigger a sub-100% net combined operating ratio for the first time in seven years, according to a report by Fitch Ratings.