Motor
Gender Directive will cause a 'perfect storm' in March
Insurers have to start preparing for the 'perfect storm' the Gender Directive will cause in March this year, according to telematics insurer Coverbox.
Expert analysis: Aggregator assessment - No compare
Price comparison sites have plateaued on motor, with 60% of all private car policies sold via aggregators, as gender ruling hits prices.
Post magazine - 3/10 January 2013
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Editor's comment: The damage of Dispatches
Insurers have again proved an easy target, this time for investigative reporters out to prove that companies seek only to cash in on their customers' collisions at the expense of policyholder cost in the form of inflated premiums and their safety.
Integer.pl Group to enter Polish insurance market
Polish courier firm Integer.pl Group has joined up with RSA subsidiary LINK4 to sell insurance products via its postal network throughout the country.
Mass chairman responds to Dispatches motor insurer claims
Motor Accident Solicitors Society chairman Craig Budsworth has suggested that the Competition Commission looks into whether insurers are authorising motor repairs to be done to unequal standards depending on whether they are at fault or not.
BGL hands glass supplier contract to Auto Windscreens
Auto Windscreens has been awarded the exclusive glass supplier contract for BGL Group, which manages UK motor insurance brands including, M&S, RAC, Post Office, Lloyds TSB and Halifax.
Insurance industry slams Dispatches allegations
The insurance industry has defended itself against accusations made by Channel 4's Dispatches programme last night that insurers "maximise profit at the expense of doing what's best for the consumer".
Autoglass launches loyalty reward scheme with Aviva
Autoglass and Aviva have joined forces to reward the insurer's policyholders with benefits at the point of service.
At least 20% of cars in India thought to be uninsured
Almost a third of cars on Indian roads may not have mandatory third-party liability insurance, according to analysis by insurance companies.
LV legal fight sees man who invented collision jailed for eight months
A county court judge has warned contrived collision fraudsters to "take heed" after jailing a driver who attempted to claim for a car accident that never happened.
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.