Motor
VIG posts record profit for second year running
Vienna Insurance Group posted a 5.1% increase in profit before taxes to €587.4m in 2012, the highest profit in the company's history.
Quindell wins five-year deal with RAC
Quindell has said a new five-year contract that sees RAC implementing its end-to-end technology platform has the potential to be its largest revenue generator to date.
Your Say: Driving ‘fingerprint’ to deliver data confidence to underwriters
The recent article Get Smart, Get Appy made some valid points about the adoption of apps by insurers.
Your Say: Will Citroen be the first of many?
Car manufacturer, Citroën, has recently announced its plans to fit a telematics device as standard in its C1 Connexion special edition model.
UK motor hits 102% COR for 2012: E&Y
The UK motor insurance industry fell just short of breaking even over the course of 2012, but figures from Ernst and Young suggest that profitability may have already peaked.
Financial stress takes toll on Italian insurers
Pressure on premium income in Italy is likely to continue throughout 2013 as the deep recession and austerity measures in Italy squeeze households' disposable income, according to Fitch.
Motor insurers vow to cut premiums if young driver claims come down
The insurance industry has promised the government young drivers’ premiums could go down by as much as 20% if new proposals succeed in reducing the frequency and value of motor insurance claims.
View from the Top: Going back to basics
Accidents shouldn’t be seen as an opportunity to make money, but to provide a quality service, says James Reader.
ABI and DLG welcome young drivers green paper
The Association of British Insurers and Direct Line Group have welcomed the green paper launched by the government at the motor insurance summit meeting which they both attended.
Young driver green paper launched at motor summit
The Department for Transport has launched a green paper in a bid to improve safety and reduce young driver risks and cut insurance costs.
Validus completes LDC-backed MBO
Motor claims specialist Validus-IVC has completed a management buyout with the support of former Davies backer Lloyds Development Capital.
Third motor summit to be held on Monday
Whiplash, young drivers and the scourge of uninsured drivers are expected to top the agenda at a third motor insurance summit involving the insurance industry and government ministers to be held at Westminster on Monday.
Hastings boss Hoffman cools talk of IPO following year of 'strong growth'
Hastings chief executive Gary Hoffman has moved to dampen speculation that his firm is manoeuvring itself to launch an initial public offering in the months ahead, but has refused to rule out a float in the long-term.
Truell among bidders linked to Co-op sale
Mark Summerfield, managing director of The Co-operative Insurance, has said the planned sale of the general insurance business is “entirely in line with the group’s strategy” to build a “compelling competitor in high street banking that customers will…
Gender Directive: Continental drift
The ban on gender as an insurance rating factor has made waves in the UK market but how has it impacted mainland Europe? Francesca Nyman investigates.
Credit Hire: Co-operation not combat
With concerns over credit hire at an all-time high after the collapse of Drive Assist, what is the future for credit hire organisations, and can they ever truly make peace with insurers?
View from the Top: Satisfaction not guaranteed
Net Promoter Score is a widely used measure for assessing your brand through the eyes of your customers, providing an insight into whether a customer is likely to recommend or discredit your company and its services.
Insurance sector responds to Budget
Members of the insurance industry have responded to today's Budget.
Consolidation "inevitable" in Saudi insurance market according to S&P report
Prospects appear to be improving for Saudi Arabia's insurance industry, according to a new report from Standard & Poor's.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Keycare signs deal with Chaucer Direct
Keycare has been appointed by Chaucer Direct to provide key replacement service for customers that are renewing or taking out a motor insurance policy.
Axa secures £150m capacity win
Axa Commercial Lines and Personal Intermediary will provide £150m capacity to Prestige Underwriting Services as part of a five-year deal.
Manchester City striker charged with uninsured driving
Manchester City striker Carlos Tevez has been charged with driving without insurance and while disqualified, Cheshire Police said in a statement.
Fraud: A war on all fronts
Fraud affects all lines of business and yet to date insurer focus on solving the problem has been on motor. Is it time for a shift in perception?