Motor
Ageas profits creep up 3% in a year of rates pressure
Ageas delivered a marginal increase in net profits of £85.2m in 2013 (2012: £82.9m) alongside a combined operating ratio of 98.4% (2012: 99.8%) in a year of underwriting discipline amid pressure on rates.
Justice Secretary Grayling under pressure to close referral fee loopholes
Epoq’s Legal Go model singled out by Jack Straw as being against spirit of Laspo.
Motor insurance regulator mooted by Straw slammed as ‘unnecessary’
Former Home Secretary’s parliamentary counterpart Evans ‘dead against’ idea.
2014 a ‘critical year’ for insurers says ABI’s Evans
The insurance industry must continue to make its voice heard on issues such as the Competition Commission’s investigation into the private motor market and debate on whiplash reform, ahead of a “critical year” for insurers.
Motor Claims 2014: Davies calls for UK to utilise cross-border data sharing to stamp out European crime
Axa’s global chief fraud control officer Richard Davies has called for the UK to embrace cross-border data sharing in a bid to clamp down on crime across the continent.
Motor Claims 2014: Thatcham boss claims no driverless vehicles on road within next three years
Fully autonomous vehicles are unlikely to be on UK roads in the next three years, despite moves by government to invest in the emerging technology, according to Thatcham Research chief executive Peter Shaw.
Editor's comment: Motor: A third way?
Motor has long been a special case in the world of insurance. It is a compulsory purchase that most customers hope to never use.
Penny speed meets... Matt Long, associate director, commercial development, Bennetts Bike Insurance
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Devitt appoints Hill as underwriting director
Devitt Insurance Services have appointed Andrew Hill as underwriting director further strengthening its senior management team.
White Oak launches fine art, classic car and specie capacity
Lloyd's underwriter White Oak Underwriting Agency has launched new capacity for specialist fine art, classic car and general specie aimed at both the private and commercial markets.
300 000 car accidents staged since 2009
An estimated 300 000 car accidents were staged in the past five years equating to over 1000 every week, according to research by insurer LV.
2014 'a tipping point' says ABI boss Evans
Huw Evans, deputy director general of the Association of British Insurers, has warned this year will likely be critical to the future of the motor insurance industry.
Lewis attributes Zurich's soaring profit to improved underwriting
Improved underwriting was the key factor in Zurich’s UK general insurance business recording its significant 53% profit jump, according to chief executive Steve Lewis.
Air frost days cost insurance sector over £1m
The insurance sector is hit by approximately 1000 additional private motor claims and pays out over £1.3m on repairs every time the UK is hit by air frost, according to analysis commissioned by Audatex.
Admiral extends reinsurance deals to 2016
Admiral has added an additional year to reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re, extending contracts to 2016.
Claimant solicitors demand FCA probe into hidden motor insurance profits
Thompsons accuses Axa and Aviva in submission to Transport Select Committee.
C-Suite – MGA: The devolution of personal lines
Is big data really the answer to stopping the rot that has taken hold in personal lines insurance?
C-Suite – Insurer: Regulation through collaboration
All parties have a role to play in order to achieve improved regulation of the motor insurance market.
Insurers told to prepare for ‘seismic’ impact of driverless vehicle technology
ABI set to attend Valentine’s Day government summit on driverless cars.
Editor's comment: A crucial Valentine’s Day date
Autonomous – or driverless – cars are clearly the future.
Vehicle Technology: End of the driver?
At the Consumer Electronics Show in Las Vegas, nine motor manufacturers exhibited autonomous car prototypes. What does this technological leap mean for the future of motor insurance?
BIA Countdown: Achievement winner reflects: Q&A with Peter Wood
Since their inception, the BIA 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.
Axa hits back at 'ludicrous' motor profit allegations
Axa has challenged Thompsons Solicitors to provide evidence of wrongdoing following allegations the insurer was failing to meet an International Financial Reporting Standards requirement in relation to revealing how much profit it generates.
Carole Nash prepares to roll out multi-car classic policy
Carole Nash is extending its cherished cars portfolio with the launch of a multi-car policy for classic vehicles.