Motor
Suspected bogus broker arrested
City of London Police have arrested a suspected bogus insurance broker in a raid on a Bradford home.
IAG mulls Equity Red Star sale as experts debate motor future at Lloyd's
With Insurance Australia Group toying with the idea of selling the largest Lloyd's motor underwriter Equity Red Star, and aggregators controlling more power in this area, the days of motor in the Lloyd's market could well be numbered.
Social Media: The social media circle
With a culture of risk aversion, insurance is not a major social media player. But will the emergence of innovative German player Friendsurance change things?
Editor's comment: Slow demise or new dawn?
Six years ago, the Lloyd's Motor Underwriters Association was subsumed into the overall Lloyd's Market Association – a clear signal that a once powerful force in the car insurance arena had accepted its heyday was long behind it.
Post magazine - 24 May 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Money Supermarket dominates Google search rankings a second time
Money Supermarket came top of the natural search rankings on Google searches for car, home and travel insurance for the second quarter running, online marketing solutions provider Gravytrain has revealed.
Ombudsman blames rise in motor insurance policy complaints on recession
The 26% increase in motor insurance complaints from consumers in the past financial year is "likely to reflect the tougher economic times", according to the Financial Ombudsman Service.
Ombudsman reports 51% increase in PPI complaints
Complaints to the Financial Ombudsman Service about payment protection insurance increased year on year by 51%, and accounted for 60% of all new cases in 2011/2012.
Young driver car insurance amounts to a fifth of salary
Young drivers can pay nearly 20 per cent of their annual salary in car insurance, according to Confused.com.
Commercial lines hurt Allianz's Q1 COR
Allianz has reported UK Q1 gross written premiums up 6.8% over same period in 2011 and a marginally worse combined operating ratio of 97.1% giving the firm its 37th consecutive quarter with a sub-100% COR.
Amlin CEO says three quarters of business has seen rate rises in Q1 2012
Amlin reported this morning that the group's gross written premium for the four months ended 30 April 2012 was up 10.5% at £1.4bn (30 April 2011: £1.3bn). At constant rates of exchange, written premium increased by 11.6% (30 April 2011: £1.29bn).
Expert Opinion: Whiplash - Care not cash is answer to fraud
Independent expert doctor diagnosis of whiplash will only add cost, friction and bureaucracy, says Andrew Pemberton.
Comment: Insurers must partner with car makers to capitalise on telematics
A wait-and-see approach could cost motor brokers and insurers dear, says Ofir Eyal.
Benign weather and rate rises result in record reported profits for insurers
Insurers have reaped the rewards of benign weather and rate rises in catastrophe hit regions, but analysts warn the worst could be yet to come.
Williams denies Accident Exchange settlement claims
Axa boss David Williams has rubbished Accident Exchange's claim that the insurer is reluctant to reach a settlement over the use of Autofocus evidence.
More Than issues hay fever warning
Insurer More Than has warned that hay fever causes havoc on the road and is set to reach new heights this summer.
Sky adds Groupama non-standard motor
Groupama is to underwrite cover for modified, prestige and performance cars for specialist broker Sky Insurance Services Group.
Ageas posts net profit of €155m in Q1
Ageas Insurance's net profit grew by 15% in the first quarter to €155m.
Sabre's profits fall as claims rise 55%
Motor insurer Sabre has filed accounts showing gross written premiums for 2011 up more than 8% to £170.1m. (2010: 156.9m) but profit fell.
Quindell buys Simon Hall to run motor arm
Insurance claims outsourcer Quindell Portfolio has named Simon Hall as chief executive of its Quindell Motor Services arm having bought his firm, Simon Hall Associates, for £2.5m.
Axa UK and Ireland GWP grows 9%
Axa has reported that its UK and Ireland general insurance business saw gross written premium rise 9% to €996m (£800m) (2011: €916m).
Post Broking Supplement: Biba 2012 conference timetable
The event programme for the Insurance Brokers' Association Conference - Shaping our futures - on Wednesday 16 and Thursday 17 May 2012.
Second motor summit puts whiplash and young drivers at top of agenda
A proposed panel of independent medical practitioners to tackle whiplash, and affordable cover for young drivers, topped the agenda at the second motor insurance summit at Whitehall, as Transport Secretary Justine Greening lamented there is "no one…
RTA Portal extension: Delivering swift justice
The extension of the road traffic accident claims portal has met with mixed reactions, with concerns over the practicalities involved and how it will affect the personal injury market.