Motor
Claims Club News - 9 April 2014
All the news from Post’s Claims Club event on 9 April.
Ridesharing: Sharing responsibility
The increasing popularity of ridesharing is creating a range of challenges for insurers – particularly when it comes to liability
Expertise In Action - Big data: Thinking big
‘Big data’ has long been hailed as the next big thing in insurance – so why have firms been so slow to harness its undoubted potential?
Last of crash for cash death gang jailed
The final prosecution over a fatal road traffic collision intended as an insurance fraud has seen Ireneusz Marek Staniak , 43, from Berners Avenue, Ealing last week jailed for nine years for causing death by dangerous driving.
Bodyshops launch fairness campaign
The National Association of Bodyshops has begun a new campaign to rebuild relationships with insurers and claims management companies under the umbrella of "treating bodyshops fairly".
Brightside CEO puts ball in Markerstudy's court on potential sale
Brightside chief executive Paul Williams has refused to hang a 'for sale' sign over the broker as he plots to launch a managing general agent this summer.
Hastings boss positive on motor market after increasing rates
Hastings chief executive Gary Hoffman believes 2014 could be the year the motor market finally turns, after revealing that his firm has begun increasing motor rates.
Hastings posts reduced profits but continues GWP growth
Hastings reported a £10.8m drop in profit before tax for the 2013 financial year to £49.6m (2012: £60.4m)
1-in-4 second hand tyres fail legal safety standards
A huge swathe of second hand tyres sold in the UK do not meet legal safety requirements according to figures from LV.
Esure to offer reduced premiums to drivers of AEB-fitted cars
Esure Group is to offer premium reductions to drivers of certain makes and models of cars fitted with autonomous emergency braking systems via its Esure and Sheilas’ Wheels brands.
Comprehensive motor policies fall below £600 for first time since 2009
The average cost of comprehensive car insurance was down 19.1% year-on-year in the first quarter of 2014, the latest car insurance price index from Confused and Towers Watson revealed.
Sabre sees profits leap as GWP decreases by £10m
Motor insurer Sabre recorded a post-tax profit of £43.4m in 2013; an increase on its 2012 result of £29.7m.
Expert Analysis: Spring summary
In his spring analysis, IGO4’s Tom Cooper examines the potential outcomes of the investigation into MFN clauses and highlights the difficult relationship between aggregators and brands.
Direct Asia eyes home insurance for Thailand
DirectAsia.com which started selling motor insurance in Thailand last September wants to sell other products including home insurance.
Brightside recruits three for senior roles
Listed broker Brightside has recruited a chief operating officer for its retail division, capacity and pricing manager and a head of compliance.
ICA issues warning over compensation calls
The Insurance Council of Australia is warning consumers to be wary about unsolicited calls in connection with potential motor accident compensation claims.
Quindell signs claims deal with new motor MGA
Quindell has signed a three-year outsourcing contract with newly launched managing general agent Hawkwell Motor Insurance Company.
Motor MGA Hawkwell launches
Managing general agent Hawkwell Motor is targeting brokers across the UK and Northern Ireland after opening its doors for business.
Devine launches ‘tech savvy’ motor broker
Former Ageas retail commercial director Brendan Devine has formally launched his new motor broker Sure Thing, targeting a best in class online experience.
Berenberg restates hold rating on DLG despite motor warning
Berenberg Bank has restated its hold rating on Direct Line Group and raised its target price on the listed insurer from 230p to 254p despite seeing “only modest absolute valuation upside”.
Swinton extends Quindell contract until March 2015
Outsourcing provider Quindell has agreed an extension of a material contract with high street broker Swinton.
High-profile motor withdrawal touted after another tough year for the market
Analysts suggest further regulatory scrutiny could exacerbate sector’s troubles
Rehabilitation-only personal injury whiplash debate fails to gain traction
Insurers highlight claims time frames as area of major concern
Major motor insurer close to telematics deal for bicycles
A major motor insurer is close to launching a telematics offering for cyclists, in partnership with a telematics specialist, Post has learnt.