Motor
DLG boss expects reforms to prompt limited benefit in tough market
Direct Line Group chief executive Paul Geddes has vowed to adopt a conservative outlook on legal reform within the motor market and has suggested financial gains will be enjoyed by consumers as opposed to insurers.
Competitive motor market sees GWP at DLG slide 4.5%
Tough market conditions have been identified as the root cause behind a 4.5% slump in the Direct Line Group’s gross written premium for ongoing operations in the first quarter of 2013.
UK General to launch niche motor scheme alongside Enterprise
UK General is preparing to launch itself into the non-standard motor arena with a scheme for brokers, in partnership with Gibraltar-based motor and general insurer Enterprise Insurance.
More than 1000 UK motorists attacked by missiles in 2012
On average two motorists were attacked by thrown missiles every day of 2012, according to figures obtained by Autoglass.
EIP and Costco launch van insurance scheme to SME market
Equity Insurance Partnerships and Costco Wholesale have launched a new van insurance scheme which is designed to target Costco’s SME customer base.
News review: 2 May 2013
A round-up of news stories from this week.
Man City starlet faces £1m insurance bill over death crash
A Manchester City youngster jailed for causing the death of a brother and sister in a night time crash could face an insurance bill of more than £1m.
Telematics: Taking the wheel?
Will plans by car manufacturers to fit telematics black boxes to new vehicles see them become major players in the motor insurance sector?
View from the Top: Heading in the wrong direction
The ABI’s plan to reform medical assessments is not the solution to the whiplash problem, says Andrew Pemberton.
Telematics Expo: Citroën sales head acclaims DLG young driver deal
Telematics has put free insurance back on the table for young drivers, according to Citroën head of sales programmes Jeremy Smith.
International motor policies should cover political violence says Clements
Car owners need to be alert to the threat political violence poses to their vehicles, according to Clements Worldwide.
Telematics Expo: Study suggests engagement improves driving behaviour
Initial research by telematics start-up Carrot Insurance has revealed a link between customer engagement and driving behaviour.
Telematics Expo: ABI pre-empts telematics regulation with new guide
Trade bodies can play an important role in the development of the telematics industry, particularly in warding off the threat of regulation, according to Association of British Insurers policy adviser Ben Gaukrodger.
EU Gender Ruling behind falling premiums in Q1, claims AA
The cost of motor and home insurance dropped in the first quarter of 2013, according to the latest AA British Insurance Premium Index.
Personal Lines Brokers: Fresh tactics
With the rise of aggregators bringing their very existence into question, how are personal lines brokers changing their approach to ensure they stay relevant and needed?
Covéa uncovers Dudley driver's false claim
An Audi driver from Dudley who made a four-figure insurance claim for a fictitious crash has been ordered to undertake 120 hours unpaid work.
HNW motor insurer to target ‘super-younger’ demographic
Aqueduct Underwriting’s high net worth and specialist motor product Aurum has noted a gradual but significant demographic shift to ‘super-younger’ drivers in spite of the continuing economic hiatus in the UK.
Admiral profitability 'under pressure'
Admiral’s “unprofitable foreign growth” does not compensate for the “fast-declining” UK profitability, according to a scathing analysts report.
Admiral reports 9% fall in UK turnover
Admiral chief executive Henry Engelhardt has said that now "is not the right time to grow" its market share in the UK after turnover fell 9% to £470m (Q1 2012: £518m) in the first quarter of this year.
AA: SoP extension is not good enough
An extension of the Statement of Principles is not a satisfactory solution to flood insurance even on a temporary basis, Simon Douglas, director of AA Insurance has said.
One in five cyclists is invisible to motorists
Motorists fail to notice 22% of cyclists and 4% of jaywalkers, according to research by Direct Line.
Quindell expands ranks with Crusader acquistion
Quindell Portfolio has acquired motor claims management specialist Crusader Assistance Group Holdings in a £9m deal, subject to regulatory approval.
70% of drivers think speed cameras are money-making machines
More than 19m UK drivers (70%) think speed cameras exist to make money rather than prevent accidents, according to a study by Go Compare.
Aquiline completes Equity acquisition
New York-based private equity firm Aquiline has completed its deal to purchase Equity Insurance Group.