Motor
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…
Elite Incident Management to be liquidated next year
Motor claims outsourcing company Elite Incident Management is to be liquidated next year, the appointed insolvency practice has confirmed.
Wanna Insure launches telematics app
Software provider Wanna Insure is to launch a smartphone app that it says will help women drivers beat the incoming EU gender directive.
Elite Incident Management ceases trading
Credit hirer Elite Incident Management is said to have ceased trading with immediate effect.
Keycare lands Tesco Bank deal
Incident management specialist Keycare has clinched a three-year contract providing a key replacement service for Tesco Bank's motor insurance customers.
Drive Assist calls in the administrators
Credit hire company Drive Assist has gone into administration.
German insurance market faced 'inertia' in 2012 P&C results
The outlook for the German insurance market remains negative, according to rating agency Moody's.
Markerstudy completes broker purchase
Gibraltar motor insurer Markerstudy has completed a deal to acquire Insurance Choice.
Motorists favour telematics devices in fleets, QBE survey finds
A QBE survey found that 66% of people would feel safer on the road if fleet vehicles were fitted with telematics devices to monitor their drivers' behaviour.
BGL ups fraud protection for van customers
The BGL Group has increased its fraud protection for the firm's Budget and Dial Direct van insurance customers, which will be verified via its in-house data hub.
Mass calls for government to assess FRC impact
The Motor Accident Solicitors Society has urged the government to conduct an impact assessment on the fixed recoverable costs consultation results, fearing the outcome could have a detrimental effect on accident victims' rights.
Purely targeting motor customers by occupation
Revived insurer Purely will base its underwriting on customers' occupations.