Motor
Ageas UK boss Watson optimistic despite limited H1 profit growth
Ageas UK chief executive Andy Watson has told Post the insurer’s H1 results are in line with expectations, in spite of net profit growth almost entirely driven by the integration of Groupama.
Ageas increases profit despite underwriting losses
Ageas has increased its bottom line by 17.3% during the first half of 2013 despite household being the only core line of business making an underwriting profit.
Axa's P&C revenues remain flat in H1
Axa UK and Ireland reported a 33% rise in underlying earnings for the first six months of 2013 to £89m, compared with £66m in the first half of 2012.
Direct Line cost drive 'crucial' as premiums drop
The latest AA index shows competition is intensifying and makes Direct Line's cost efficient drive 'crucial' according to Westhouse analyst Joanna Parsons.
RAC signs five-year deal with The Warranty Group
RAC has signed a five-year deal with The Warranty Group, which will see the firm continue to operate the RAC brand in the motor warranties sector.
Coverbox claims pay-as-you-drive user first
Coverbox Drive Style customers are the first drivers in the UK to able to find out the cost of their car insurance as it happens, the company claimed today.
Insurers welcome TSC report but rue small claims decision
LV managing director John O’Roarke has described the Transport Select Committee’s decision not to recommend extending the small claims court limit as “disappointing”.
Whiplash small claims track extension under threat
The conclusion of a Transport Select Committee inquiry into the cost of motor insurance has sparked “disappointment” among insurance industry bosses after MPs refused to support Ministry of Justice plans to place whiplash claims on the small claims track.
Private Equity: With the same brush
Industry insiders say that a recent report prescribing the pitfalls of private equity backing misrepresents the bigger picture. Are they right? Or is there hope on the horizon?
Yorkshire doctor in hearing over bogus whiplash claims
A Yorkshire doctor is appearing before a Medical Practitioners Tribunal Service disciplinary panel this week after assisting motorists in making bogus whiplash claims.
China's motor insurance regulatory reforms postponed
China will now introduce reforms to motor insurance pricing over three years instead of by this September.
Halo launches car hire insurance sites in Spain and Holland
Car hire insurance firm Halo has launched into Spain and Holland having already established an online presence in the UK and Germany.
UK index shows ‘record reductions’ in motor cover costs
Average pricing for home and car cover in the UK is continuing to slide, according to the AA’s latest insurance premium index.
LV posts reduced H1 profit amid "weakening motor rates"
LV posted an operating profit of £43m for the first six months of 2013, down from £62m in the first half of 2012.
One-in-200 motorists caught driving without insurance
One in every 200 people with a full UK driving licence has been penalised for driving without insurance, a Freedom of Information request has revealed.
AA index shows ‘record reductions’ in motor cover costs
Average pricing for home and car cover in the UK is continuing to slide, according to the AA’s latest British insurance premium index.
£5m of fines handed out to uninsured drivers
More than £5m worth of fines have been collected from thousands of uninsured drivers since the Continuous Insurance Enforcement initiative was introduced as law two years ago.
RAC launches telematics product with Risk Technology
Telematics provider Risk Technology and motoring organisation RAC are teaming up to launch a product to help drivers in the event of a breakdown.
Keoghs increases fraud savings by 26%
Counter-fraud legal services provider Keoghs said today it helped insurers avoid paying £156m on suspected fraudulent claims in its last financial year – a 26% increase on 2012.
Volvo AEB system sparks reduced premiums for drivers
Volvo claims that its autonomous emergency braking system could save motorists up to £160 per year on their car insurance premiums, after the manufacturer declared the system will be fitted on most new models.
More brokers face fines over add-ons after Swinton pays £7.4m penalty
Analyst blames drop in Esure’s profit expectations on bundled add-ons.
First Central considering bond issuance to help firm to go 'next level'
Guernsey-based motor underwriter First Central Insurance Services is considering a bond issuance in a bid to raise more capital to assist with its growth plans, which include an application for an alternative business structure licence.
DirectAsia.com enters Hong Kong motorbike market
DirectAsia.com is entering the Hong Kong bike market by offering a reimbursement of the price difference if bikers can find cheaper motorcycle insurance elsewhere.
The Great Debate: Your views on industry topics
This week Post asked: The AA says uninsured driver fines will fail - what should be introduced instead?