Motor
Money Supermarket tops list of most 'visible' websites
Money Supermarket has been found to be the most visible online insurer in terms of top search engine positioning, according to the latest industry study carried out by Greenlight.
Muir calls for better motor insurance PR
Paul Muir, managing director of broker club One Answer Network, has called on motor insurers and brokers to be honest and open with the public to improve the industry’s image.
Canadian EGI acquires controlling stake in Danish insurer
EGI Financial Holdings has acquired a controlling interest in QIC Holdings ApS, a Danish holding company with a wholly-owned subsidiary, Qudos Insurance, a newly-incorporated insurance company, based in Denmark.
Insurer liabilities grow under larger compensation payments ruling
Personal lines motor insurers will be forced to pay larger compensation payments to bodily injury claimants over longer periods of time due to the growing popularity of a 2003 legal ruling.
Your say: No underclass from telematics
I would like to take issue with Tom Woolgrove of RBS Insurance; telematics will not create an insurance underclass, as he fears. In fact it will do the opposite.
IFB seeks to double staff numbers with 25% increase in industry levy
The Insurance Fraud Bureau is to double its staff by increasing its industry funding levy income by 25% to £2.8m.
Broker report reveals Aviva, Chartis and RSA drop in underwriting service
Insurers must do more to boost satisfaction among brokers, according to a Brokerbility survey that suggested Axa is currently the only firm performing above the 80% approval benchmark.
MIB pledges support to police in uninsured drivers sting
Motor Insurance Bureau bosses have praised a Metropolitan Police operation designed to clamp down on uninsured drivers by seizing hundreds of cars in the capital.
Car premiums fall as home insurance rises
Car premiums are falling while home insurance is on the rise, according to AA British Insurance Premium Index.
European fleet insurance market worth €18bn by 2015
The European market for fleet motor insurance is expected to be worth more than €18bn by 2015, according to Finaccord.
Chaucer enhances motor team
Chaucer Insurance has appointed Paul Baxter as head of direct to enhance the division’s commitment to building a leading UK motor business.
Sagicor withdrawal forced by First Central losses
Lloyd’s insurer Sagicor’s decision to quit both property treaty reinsurance and casualty treaty reinsurance was forced by huge losses incurred through its tie-up with Gibraltar-based motor insurer start-up First Central, Post understands.
Market moves: Brokers pick up the pace
Following a quiet fortnight, major players in the broking sector have actively been recruiting this week.
Telematics reports driving every second
Insurance telematics firm MyDrive Solutions has launched its first product to market called Dynamic to enable car insurers to use driving behavioural data to assess the risk presented by individual drivers.
TSC risks missing the point about motor insurance pricing
The Association of British insurers has responded to the results of a Young Marmalade survey which revealed that 96% of young drivers feel priced off the road by high insurance premiums.
96% of young drivers priced off the road
A survey by Young Marmalade ahead of today’s Transport Select Committee hearing with Jack Straw, found that 96% of young drivers feel they have been priced off the road by high insurance premiums.
RBSI reveals £15m referral fee windfall
Royal Bank of Scotland Insurance benefitted from referral fee income of £15m in the first half of this year – more than 7% of its H1 profits.
Cross-border exchange of information poll result
How exchanging of information on traffic offences across borders affect European insurance claims?
Esure hires banker to prepare for IPO
Esure, the motor insurer set up by insurance entrepreneur Peter Wood, has refused to comment on speculation that it has hired Deutsche Bank and JP Morgan to prepare the company for floatation.
Focus on personal injury fraud means insurers missing the bigger picture
Law firm Beachcroft has warned that insurers are so focused on personal injury fraud they are missing large-scale credit hire scams.
Staddon resurfaces at motorcycle specialist Devitt
Former British Insurance Brokers’ Association boss Peter Staddon has vowed to make Devitt “a force to be reckoned with” after joining as personal lines executive director.
BIS 2011: RBSI boss: telematics could create insurance underclass
Young drivers represent a huge reputational risk to insurers and telematics could create an uninsurable motor underclass unless the industry addresses urgent questions on data standards and ownership.
View from the top: It’s no accident
The number of claims for accidental damage has fallen sharply in the past few years, which has far-reaching implications for the motor insurance, body shop and vehicle recovery sectors alike.
Expert analysis - aggregators: Mixing things up
Softening motor rates, more movement between best-price brands and augmented ancillary income emerge as aggregator themes