Motor
Improving Underwriting: The extra mile
The use of geographic intelligence can improve the understanding of risk in the motor insurance space.
ABI demands accredited whiplash examinations
Whiplash injuries would be assessed by an accredited medical expert under new proposals published by the Association of British Insurers.
GCC eyes common motor insurance policy
A single motor insurance policy could be enforced across the Gulf before the end of 2013 after gaining support from a key insurance body.
Groupama avoids false five-figure insurance claim
A man has been fined £10 000 at Ipswich Crown Court after making a false five-figure insurance claim for a restored Bentley he claimed was stolen.
Zurich wins crash-for-cash conviction
The driver of a Porsche who has admitted deliberately causing a crash with a council van has secured the City of London Police's Insurance Fraud Enforcement Department its first crash-for-cash conviction.
Spencer warns tough broker action ahead
Aviva UK & Ireland general insurance chief executive Robin Spencer has warned it will have to take some “tough calls” on its broker relationships if the insurer is to reduce its commercial lines combined operating ratio to a sub-100% position in 2013.
Russian Round-up: Motor woes
Why are Russian insurers angry about changes to motor insurance legislation? Paul Koshik explains.
Direct Fleet eyes expansion with new role creation
Direct Fleet Insurance has today appointed Joanne Cassidy to the newly created role of renewals manager as part of its expansion strategy to grow its broker and insurer partnerships.
Digital Insurance Strategies: Mobile strategy vital as smartphone use increases
Google finance industry head Jo Hind has insisted that firms’ social media strategies must be handled at board level to ensure they becomes part of the corporate culture.
Digital Insurance Strategies: Online insurance fails to take off for SMEs as customers are ‘not quite ready’
Take-up of online insurance remains stunted among small and medium-sized enterprises, according to a panel of speakers at Post’s Digital Insurance Strategies conference.
Digital Insurance Strategies: Bennetts reaps the benefits after setting up its own social media site
Insurance firms must embrace social media sites such as Facebook and Twitter as a means of “getting in front of” and engaging with customers – but they are no match for setting up a social media site of one’s own.
View from the Top: There may be trouble ahead
A catalogue of natural disasters in recent times have been pushing our industry’s bottle to the brink, says Peter Hubbard.
L&G to re-enter motor insurance market
Legal & General is considering re-entering the UK motor insurance market in 2013 following moves to diversify its portfolio beyond its core household lines.
Mass challenges insurers to keep their promises
Craig Budsworth, chair of the Motor Accident Solicitors Society, has said the question around the reduction of legal costs is "no longer relevant" and called insurers to keep their promises of lower premiums.
ABI: young driver proposals could cut premiums by 20%
Teenagers' annual motor premiums could be cut by up to 15% if the government adopts proposals to improve young driver safety, according to the Association of British Insurers.
BT granted ABS approval
BT is set to target the motor claims industry having been granted approval by the Solicitors Regulation Authority to operate an Alternative Business Structure.
Mass considering options following RTA ruling
The Motor Accident Solicitors Society will mull over its next steps following the rejection of its judicial review into the consultation on fixed fees in the Road Traffic Accident Portal.
ABI backs "common sense" RTA portal ruling
The Association of British Insurers has backed the High Court’s decision to reject a judicial review of the Road Traffic Accident personal injury scheme.
IFB boosts fraud fight with new member
Car and van insurance provider Octagon Insurance has become the latest organisation to sign up as a member of the Insurance Fraud Bureau.
DLG improves combined ratio to 99.2%
Direct Line Group has reported a 9.3% rise in operating profit for ongoing operations to £461.2m (2011: £421.9m) including an underwriting profit of £28.2m compared to a loss in 2011 of £72.3m and a combined operating ratio of 99.2% (2011: 101.8%).
Periodical Payment Orders: Unhappy New Year
Periodical payment orders gave motor insurers a headache in the renewals season as reinsurers struggled to come to terms with them.
Expertise in Action: Pricing: Looking for support
With brokers calling on insurers to share more information and provide greater practical assistance, how can both parties – and their clients – benefit from better collaboration?
View from the Top: Take a note out of Beefy’s book
The consumer benefits most when motor insurers work together, says Ian Currie, UK motor and injury claims director at RSA.
Expertise in Action: Pricing: A Perfect Storm
The continuing economic downturn and prevalence of large losses make this a difficult period for the insurance industry – but the sector is demonstrating its resilience.