Motor
Legal Update: Jurisdiction: Noteworthy arguments raised in pre-Rome II German road traffic accident case
Alistair Kinley details an ongoing case with ramifications for claims with foreign elements.
In Series: Data: Weeding out fraud
With organised fraud costing the insurance industry an estimated £392m a year, is increased use of data the key to winning the battle?
ABI calls for market specific look into add-ons
The Association of British Insurers has criticised today’s Financial Conduct Authority report into general insurance add-ons as being “generic” and is calling for the regulator to take a market specific approach.
Esure posts 89.7% COR for 2013
Esure group posted a 2.5% rise in profit before tax to £118.4m in its first year as a listed company.
FCA plans overhaul of GI add-ons market
The Financial Conduct Authority has unveiled a shake-up of the £1bn general insurance add-on market after a study delivered a damning verdict on the level of competition within the sector.
Brightside extends Asda partnership
Brightside has extended its partnership with Asda to provide car and commercial vehicle insurance for a further three years.
Zurich brand to disappear from comparison sites
Zurich-branded home and motor insurance products will no longer be offered on aggregator sites, the insurer announced today.
Carole Nash launches home insurance policy
Carole Nash has launched a home insurance policy for motorcycle owners with provision of secure storage for bikes if a policyholder’s home is rendered uninhabitable through a claim.
LV Broker appoints Tim Rourke to pricing role
LV Broker has appointed Tim Rourke as its motor pricing head to grow the ABC and Highway motor books.
NIG launches mini fleet on e-trading platform
Commercial insurer NIG has launched mini fleet onto its full-cycle e-trading platform - The Hub.
MIB and Experian agree five year MID partnership renewal
Experian has put pen to paper on a five year partnership renewal with the Motor Insurers’ Bureau to maintain the Motor Insurance Database.
Add-on sales top the agenda in Competition Commission talks
CHO critical of commission’s credit hire cost calculations,
Insurers reject campaign to include previous premiums on renewal letters
Swiftcover is only firm in Which? survey to inform customers of last year’s price.
ABI calls for AEB to be fitted as standard in bid to cut PI claims
The Association of British Insurers has called for UK motor manufacturers to fit autonomous emergency braking as standard on all new cars in a bid to cut the number of personal injury claims caused by road traffic accidents.
Axa UK on track for 96% COR by 2015, claims CEO Evans
Axa UK and Ireland group chief executive Paul Evans is confident the business will achieve a combined operating ratio of 96% by 2015 after pointing to an improving motor COR of 99.1% as an indication transformation plans are paying off.
Haven joins Insurance Fraud Bureau
Gibraltar-based specialty motor insurer Haven has become the latest insurer to join the Insurance Fraud Bureau.
RSA partners with Caravan Guard on fifth wheel cover
Caravan Guard has responded to an increase in fifth wheel caravan enquiries by extending its portfolio to include the niche cover.
Business transformation bearing fruit as Axa UK GI COR dips below 100%
Axa UK and Ireland’s general insurance business recorded a combined operating ratio of 98.9% in 2013, despite reserve strengthening contributing 0.8 percentage points and a reduction in revenues to £3.7bn (2012: £3.8bn).
Fleet broker fitting all vehicles with cameras
Motor fleet broker Just Fleet is to become the first business to fit all vehicles with front-facing accident cameras.
ABI responds to Which? insurance campaign
The Association of British Insurers has responded to a Which? reported urging insurers to be more transparent on pricing at renewal by stressing that price is not the only factor to consider.
LMA demands rapid Competition Commission progress
The Lloyd’s Market Association is pushing for speedy reforms from the Competition Commission’s investigation into motor insurance, suggesting the body circumvents legal change.
L&G makes personal lines motor debut after partnering with Junction
Legal & General has entered the personal lines motor market with the launch of a direct motor insurance proposition underwritten by a panel of insurers.
Innovation Group report highlights motor market evolution
Insurers must do more to put the customer at the heart of motor insurance following a year of unprecedented reform, according to Innovation Group sales director Ian Bowen.
Which? urges insurers to be transparent on renewal prices
Consumer watchdog Which? has launched a new campaign calling on insurance companies to show last year’s premium alongside renewal quotes.