Motor
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?
In Series: Claims: Joining forces
Bilateral agreements and a better use of technology can help insurers operate more efficiently when it comes to subrogation.
In Series: Claims: A moral dilemma
The industry is split over the ethics of subrogation. Will Competition Commission intervention resolve the situation once and for all, or can insurers find their own solution through bilateral agreements?
QBE's property, casualty and motor CUO Bathia departs
Ash Bathia, chief underwriting officer of QBE’s property, casualty & motor division is leaving the company.
Ageas claims team undertakes motorcycle training
Groupama Insurances, soon to be Ageas Insurance Limited, has put its motorcycle claims team through a series of training sessions to help them understand the needs of motorcyclists when handling claims.
Elite launches motor business
Elite Insurance Company has launched a motor business and is aiming to achieve £20m GWP in its first year.
Motor specialist Sky Insurance goes live on Transactor
Motor specialist Sky Insurance has gone live on a Transactor software solution following a 10 month project.
£25m annual savings touted after bus crash ruling
A Court of Appeal ruling is expected to save the motor insurance industry from bearing the brunt of bus operators’ overheads in the event of a claim, according to an insurance law firm.
LV to pay £7m PPO after newlywed hit by uninsured driver
LV will today be ordered to pay a £7m settlement to a bride who suffered brain damage when knocked off a motorbike by an uninsured driver.
Axa’s whiplash proposals attacked for being ‘expensive and unnecessary’
French methods of using X-rays and MRI scans slammed by claimant bodies.
Rates drop as motor insurers anticipate legal reform windfall
Average car insurance premiums have plunged in the second quarter of 2013, following the implementation of key parts of the Legal Aid, Sentencing and Punishment of Offenders Act.
Fatal crash prompts calls for insurers to scrap nighttime driving curfews
Telematics providers are urging insurers to remove nighttime driving restrictions from their products, after a coroner cited a curfew as a factor in a fatal crash involving two teenagers.
RAC Foundation calls for overhaul of licencing system
The RAC Foundation has called the government to consider placing conditions on young drivers’ licences as a way of reducing fatal accidents among this age group by more than a half.
Editor's comment: A fork in the road
In 2008 when Aviva (then Norwich Union) shelved its pay‑as‑you‑drive model due to “poor take-up” after only two years in the open market, it appeared that the product had fallen at the first hurdle.
UK driverless car trial planned for 2013
A trial of driverless cars is set to be launched onto UK roads later this year, the Department for Transport has announced.
Broker Network inks three year Alps deal
Broker Network & Countrywide has signed a deal with Auto Legal Protection Services that will serve its members with products and services.
Telematics: Ask the experts
Insurers should be wary of rushing into the telematics market alone – pricing, legacy technology and cost mean collaborating may be a wiser strategy.
Interview: Steve Langan: Onwards and upwards
Concerned that the wider industry is dangerously out of touch when it comes to technology, servicing customers and advertising, Hiscox UK managing director Steve Langan tells Post how his firm keeps up with the times.
Claimants View: Misinformation has public running scared
Motor insurers are not suckers for punishment – suckers do not make multimillion-pound profits.
View from the Top: Crazier than spaghetti junction
After all the protracted pandemonium for motor insurers, discipline is now needed, says Colin Batabyal, personal lines director, Covéa Insurance