Motor
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.
Customer Satisfaction: Thumbs Down
Why are consumers reporting poor satisfaction levels in their customer experiences with insurers?
Motor repairs: In need of repair
A recent investigation by Channel 4’s Dispatches slammed the motor insurance industry for its approach to repairs. Can the sector come back from the criticism?
Bluefin committed to motor after 2012 travails
Axa-owned broker Bluefin has said it remains dedicated to its motor business, despite noting that repricing its motor book had contributed to dipping revenue for 2012.
LV boss O'Roarke calls for "sanity" in 2013 motor market
LV general insurance managing director John O’Roarke is hopeful that "sanity" will be restored in the personal lines motor market in the year ahead and is predicting falling rates to pick up.
Go Skippy signs up two new partners
General Legal Protection has won a contract to provide breakdown cover to customers of online car insurance broker Go Skippy in a deal it claims is worth in excess of £600 000 over the next 12 months.
Axa picks up Ecclesiastical’s mobile catering scheme
Slade Edwards Insurance Brokers has transferred its mobile catering insurance scheme to Axa commercial lines and personal intermediary.
Axa UK & I GI revenue rises 2% to £3.8bn
The cost of flooding and storm damage claims pushed Axa UK & Ireland's combined ratio to over 100% in 2012 - a deterioration of 0.8 points compared to 2011 - despite underlying earnings improving year-on-year by £62m to £134m.
Motor Claims 2013: ABI motor head Dalton calls on industry support for road safety campaign
The Association of British Insurers is urging industry players to support calls for the implementation of guidelines demanding tighter controls on young drivers, both prior to and after passing their test.
RAC intermediary arm reveals growth plans after post-Aviva sale overhaul
The commercial director of RAC’s intermediary arm has outlined the firm’s plan to make up competitive ground lost under its last ownership, almost 18 months after Aviva sold RAC to private equity firm Carlyle Group for £1bn.
Motor Claims 2013: Canada PI fee cap could be emulated
Canada may hold the key to regulatory reform of personal injury motor claims, according to Enterprise liability claims and risk manager Nigel Goodall.
Motor Clams 2013: Motor repair model could face CC ban
Insurers must prepare for the possibility of a Competition Commission ban on the approved motor repair model, according to Parabis sales and marketing director Eddie Longworth.
Birmingham top motor fraud spot for 4th year
Birmingham has been named the UK’s top motor fraud location for the fourth consecutive year in Keoghs' annual motor fraud index.
RSA's Brown: Commercial lines needs double-digit rate strength
RSA's chief executive of UK & Western Europe Adrian Brown has claimed the UK commercial market is "broadly underpriced by 10% to 15%".