Motor
Road deaths fall 8% but serious injuries remain stable
A total of 195 723 people were killed or injured in road accidents reported to the police in 2012, down 4% on 2011, according to the Reported Road Casualties in Great Britain Annual Report.
Fraud: Breaking the habit
From holidaymakers to corporates, exaggerating or fabricating an insurance claim could become common practice – so what can insurers do to combat this culture By Ruth Lawrence
Money Supermarket slams rivals’ use of wide ‘most favoured nation’ clauses
Comparison site tells Competition Commission wide MFNs are ‘anti-competitive’.
Editor's comment: Falling out of favour
Insurers received a surprise this week when some of the market’s aggregators agreed with them over an issue that has been gnawing away at them for some time, most favoured nation clauses.
Penny Black's Insurance Week - 26 September 2013
It seems asking people to tell the truth can make some people feel uncomfortable – unless they are part of the insurance industry.
AM Best Commentary: Future forecast
In a highly competitive market for UK general insurers, property continues to be the best performing line, while motor and home experience underwriting losses.
Telematics product launched in Ireland
Ireland’s first dedicated telematics brand Boxymo has been launched by Octo Telematics in partnership with MCL Insurance Services.
Women drivers more likely to recommend their motor insurer
Women drivers are more likely to recommend their motor insurer than men, a survey of more than 12 000 pre-renewal consumers has found.
Insurers forking out £187m every day, claims ABI report
UK insurers are paying out £187m to customers on a daily basis, while managing 26% of the UK’s total net worth, according to figures published by the Association of British Insurers.
Indian motor market struggling
The Indian insurance motor market is struggling to make money as its average combined ratios are over 140%.
Editor's comment: What’s on your wish list?
A J Gallagher is aiming to become a top-three retail broker with its £233m acquisition of Giles, but to achieve this market commentators have said it will need to put efficiency and synergies on its wish list, as its combined operation is estimated to…
Four on trial for involvement in ghost broking scam
Four men who were allegedly part of a motor insurance ghost broking scam are on trial in London for either laundering the proceeds or being directly involved in the scam.
Brightside dismisses Markerstudy offer
Brightside directors have said they see no need in proceeding with offer discussions with Markerstudy after the Gibraltar-based motor insurer reduced its offer by at least 5p per share.
Insurers braced for Isle of Sheppey crash claims
Insurers are expecting a steady influx of claims following the Isle of Sheppey crash last week, which involved more than 130 vehicles.
MIB 'live-tweeting' police motor seizures
The seizures of uninsured cars by the Metropolitan Police will be broadcast live over Twitter today.
SME: On board the enterprise
The SME space is a key battleground for the future of the industry. But if SMEs can do business direct online, where does that leave brokers? By Mark Sands
140 000 uninsured cars seized annually
The Motor Insurers’ Bureau has revealed approximately 140 000 uninsured cars are seized by police each year.
Admiral’s ABSs will not contribute 'materially' to group’s profits
Admiral’s joint legal ventures with Lyons Davidson and Cordner Lewis will not “make a material contribution in the foreseeable future”, according to the insurer’s chief financial officer Kevin Chidwick.
Ten partners with Alps
Independent commercial broker network Ten Insurance Services, has appointed Auto Legal Protection Services as its preferred partner to provide a range of legal protection products and services to its members.
Admiral's shrinking UK motor share behind 7% fall in H1 turnover
Motor insurer Admiral saw turnover fall 7% to £1.089m in the first half of 2013, down from £1.169m in the first six months of 2012.
Industry hits back in fraud jail debate as insurers win crash-for-cash cases
Insurers have hailed a recent string of crash-for-cash fraud court victories – where a judge warned the public they risk prison if they participate in insurance fraud – as a victory against criticism of jail sentences for fraudsters.
Bennetts reports rise in customer engagement and sales
Bike insurance specialist Bennetts has revealed strong year-on-year growth, recording 10% uplifts in both total new customer sales and renewals.
Major insurers to contribute to No Claims Discount database
Lexis Nexis Risk Solution has secured contribution commitments with major brokers and insurers that account for approximately 45% of the motor insurance market.
Non-standard risks: Playing it safe
With increasingly cautious insurers regularly redefining what should be classed as non‑standard risks, is expertise available to deal with the challenges they present?