Motor
LV CEO predicts 2014 motor recovery following £40m GWP drop
LV has recorded a £40m drop in general insurance gross written premium for the 12 months ended 31 December 2013 while total in-force policies grew by 300 000.
Axa targets home, motor and commercial vehicle for data enhancement
Axa is collaborating with Lexis Nexis to bring more data and analytics to its home, motor and commercial vehicle books.
Insurers harness power of online reviews
Insurers are beginning to recognise the value of online customer reviews in persuading consumers to purchase products, according to new research by Autoglass.
Law firm demands Axa and Aviva declare motor profits
Thompsons Solicitors is demanding Axa and Aviva reveal their UK motor insurance sales trading figures saying the insurers are in breach of International Financial Reporting Standards until they do so.
Blog: Insurers care and so do the buyers of insurance…
Floods swept across the nation earlier in the year, causing problems for thousands of stranded home owners and driving insurance companies into top gear.
Towergate strikes five-year motor claims deal with BGL
BGL Group has agreed a new five-year agreement with Towergate to manage motor claims for the 200 000 customers of the consolidator’s broker distribution network.
Allianz and DAC Beachcroft launch motor safety paper for fleet drivers
Allianz Commercial has teamed up with law firm DAC Beachcroft to launch a white paper aimed at raising awareness of motoring offences and their penalties among fleet managers and business drivers.
Swinton recruits former Direct Line MD Moat as non-exec
Swinton has named former Direct Line motor managing director Chris Moat as a non-executive director, Post can reveal.
Video: Audatex director insists insurers should accept 80% of subrogated motor claims
Insurers should automatically accept at least four in five of subrogated motor claims.
Laurent Matras return expected to result in Axa personal lines overhaul
The return of former Groupama boss Laurent Matras to Axa may herald a shake-up of the insurer’s personal lines business, according to market observers.
Minister defends Gibraltar against ‘unfair advantage’ perceptions
Gibraltarian minister talks up non-motor insurance expansion.
DfT demands more telematics research before young driver safety green paper
Insurers warn telematics is not a ‘silver bullet’ as long wait for paper continues.
C-Suite: Different expectations pose risk
The government and the industry are not on the same page when it comes to motor premium reductions.
AA Insurance becomes Biba member
AA Insurance has become a member of the British Insurance Brokers’ Association with several of its staff set to join the trade body’s committees.
Industry facing £426m bill for Christmas floods
The insurance bill for storm and flood damage over the 2013 Christmas and New Year period will cost the industry around £426m, according to the Association of British Insurers.
Comprehensive motor policy falls by 9% says ABI
The cost of the average private comprehensive motor insurance policy fell by 9% during 2013 compared to 2012, according to the ABI’s new quarterly average private comprehensive motor insurance premium tracker, launched today.
ABI to defend merits of driving curfew at Westminster talks
The Association of British Insurers has reiterated its backing for the introduction of a curfew for young drivers in the face of growing calls from telematics firms for government to scrap the proposed scheme.
LV Broker agrees motor partnership with Reach Financial Services
LV Broker has reached a £1m deal to offer its ABC and Highway products on the Reach Financial Services panel.
Blog: A more flexible future for motor
At the end of last year, Quality Solicitors announced they would be moving to an entirely fixed fee model for all claimant work.
Sliding motor premiums to halt soon, says AA
Continued falls in motor insurance premiums will like cease in the near future according to the AA.
In Series: Motor: Areas of improvement
With any savings that can be made in the motor market eagerly sought by insurers, what impact are possible savings through intelligent vehicle repair allocation having?
In Series: Motor: Facing the future
Emerging tools offer unique opportunites to provide a smarter solution for motor insurance customers – while making the process more efficient and cost effective for the market.
Isle of Sheppey crash culprits offered alertness courses
Drivers responsible for a pile-up on the Isle of Sheppey Crossing that left eight people with severe injuries have been offered driver alertness courses as opposed to facing prosecution through the courts.
Blue Insurances buyout co-founder for almost €10m
Online travel insurance broker Blue Insurances has completed a buyout of one of its founding directors, and shareholder, Rowan Devereux for just under €10m.