Motor
Equity buys renewal rights to Ecclesiastical's Ansvar motor book
Equity Red Star has secured the rights to broker-sourced Ecclesiastical's motor business, underwritten by its ethical insurance arm Ansvar Insurance.
MEP says gender ruling "flies in face of common sense"
Marina Yannakoudakis, MEP for London and Conservative Women's Rights spokesman in the European Parliament, has criticised the EU’s gender-neutral pricing rules which took effect on 21 December 2012.
UAE insurers consider motor premium hikes after December deluge
A hike in motor rates for UAE drivers is expected after 330 road accidents were reported in Dubai in a seven-hour period.
Post Blog: Dealing with the directive
The EU Gender directive comes into force today, but how will insurers and drivers cope with the changes? Jon Byford explains.
Website review: NFU Mutual
Poor performance on 4 December affects insurer's average scores.
Telematics: Revolution on the roads?
Telematics has finally arrived, and most insurers and large brokers announced pilots or launches this year. Yet insurers are still only dipping their toes in the water.
Editor's comment: Paying the price for profitability
As 2012 draws to an end, UK insurance industry debate centres on the one topic most likely to dominate headlines come the new year: profitability pressures in the motor insurance market.
Post magazine - 20/27 December 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
CHOs warned to adapt and learn from Drive Assist demise
The collapse of 'insurer-friendly' Drive Assist should serve as a wake-up call to fellow credit hire organisations that have failed to adapt to the challenging conditions of the motor insurance sector, according to market observers.
UK motor profits could take fresh hit as reinsurers mitigate exposure to PPOs
The prevalence of periodic payment orders is expected to undermine underwriting profitability in the motor market in 2013, as reinsurers become increasingly reluctant to take on a rising number of variables.
Aquiline boosts Lloyd's foothold with cut-price acquisition of Equity Red Star
Aquiline Capital Partners' acquisition of Equity Red Star for £87m – a far cry from the £570m IAG paid for Equity Insurance Group in 2006 – marks the New York-based firm's latest foray into the Lloyd's market.
Gender Directive to push up female motor premiums by 38%
Motor insurance premiums for young female drivers are expected to face sharp increases when the European Gender Directive comes into force on Friday, according to research by the British Insurance Brokers' Association.
Gender directive will prompt insurers to make one-off rate increases
The EU ruling prohibiting insurers from setting premiums along gender lines will provide insurers with a one-off opportunity to raise rates, according to Fitch Ratings.
Towers Watson motor report warns insurers to move with the times
Insurers have been told to refresh internal approaches to keep pace with a changing motor market, which is expected to break into profitable territory in 2012.
Regulation and 2012 insured losses to shape insurance market in 2013
Partners at PwC predict that the Prudential Regulation Authority and the Financial Conduct Authority will be the "tip of the iceberg" for regulation next year.
Europe View from the Top: Telematics standards for motor insurance
The backdrop to the introduction of telematics-based technology in cars is by now a familiar story, linked to the European Union Gender Directive being implemented across Europe.
Lloyd's investigation into Utley to conclude next year
The Lloyd's investigation into three former senior figures at Equity Red Star, including Hastings Insurance Group chairman Neil Utley, could conclude around the middle of next year once the Accountancy & Actuarial Discipline Board completes its own…
Male drivers more accident-prone, research finds
Young men are more likely to have serious accidents than women of the same age because they are more prone to sudden breaking and driving for extended periods without taking a rest, according to research by Insure the Box.
Telematics technology can curb 'crash for cash fraud', says Cobra
Insurance technology firm Cobra has called for the wider use of telematics in vehicles to stamp out fraud.
Autonet offers online support to prospective van buyers
Autonet Insurance has refreshed its online offering to provide customers with tips on what to look for before purchasing a second-hand van.
Experts predict telematics the norm within five years
Insurance technology experts believe that telematics devices in vehicles will become the norm by 2017.
Biba: female drivers could face 40% hike in premiums
Insurers have played down pricing implications for young female drivers ahead of the introduction of the EU Gender Directive next week, despite claims that premiums could rise by as much as 40%.
Post magazine - 13 December 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Competition Commission to investigate credit hire and aggregator markets
The Competition Commission has published its plans to investigate the lack of control involved in the supply of services in private motor insurance, the power of the four main aggregators, and the difficulties customers face when researching and buying…