Motor
Perkins Slade rings the changes
Despite a relatively quiet quarter for broker recruitment, Perkins Slade named three new directors this week. The intermediary was not the only firm making changes, with Jelf and Willis also naming new starters. Among insurers I was a bust seven days for…
Catlin and China Re deal predicted to be catalyst for Lloyd’s investment – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how industry experts believe the landmark partnership between Catlin and China Re will be a catalyst for a boom in Lloyd’s investment from insurers in emerging…
ABI Motor 2011: Whiplash needs to be referred to as “neck pain”
In a keynote address at the Association of British Insurers Motor Conference, Jonathan Evans MP, chair of the All Party Parliamentary Group on insurance & financial services, said that people have got to stop using the word ‘whiplash’ as though it is …
Express secures KTM’s first cover deal
Express Insurance has clinched the first ever insurance tie-up by Austrian motorcycle manufacturer KTM and will run a subsidised policy underwritten by Groupama for new bikers.
ABI Motor 2011: Number plate eye test “not fit for purpose”
Speaking on how we can improve the way young people learn to drive and improve road safety generally at the Association of British Insurers Motor Conference, Jon Sellors, group head of thought leadership at RSA, said that an important but overlooked…
ABI Motor 2011: Government “out of touch” with seriousness of referral fee problem
In the absence of Mike Penning, parliamentary under-secretary of state for transport, John Woodcock MP, shadow minister for transport, suggested that there should be criminal prosecution for the worst offenders of referral fees.
ABI Motor 2011: Telematics is the biggest challenge facing aggregators
Speaking at the Association of British Insurers Motor Conference on what the future face of distribution looks like, Tom Cooper, pictured, executive director at Igo4, said that within 15 years we could have a market where everyone is rated on a…
ABI Motor 2011: Insurers sign up to tyre scheme
Major motor insurers Axa, Aviva, Direct Line and RSA are among more than 50 companies that have agreed not to charge an additional premium to policyholders fitting winter tyres.
ABI Motor 2011: Thoresen outlines five key priorities
Otto Thoresen, ABI director general has outlined the tough measures that form part of its strategy to deliver a better motor insurance deal to customers.
ABI Motor 2011: “Tough love” proposals to cut young driver accidents
The Association of British Insurers has set out radical proposals to cut the high level of deaths and serious injuries involving young drivers.
ABI Motor 2011: Cheaper ‘work journeys only’ car insurance proposed
Speaking at the Association of British Insurers Motor Insurance Conference tomorrow, John Woodcock, MP, Labour's shadow transport minister will propose that unemployed young people should be offered the choice of cheaper "work journeys only" car…
Allianz hails ‘first sanity in 30 years’
Allianz’s UK boss Andrew Torrance has said “the first period of sanity in 30 years” in the personal motor insurance market has helped make personal lines the growth area for the firm.
Money Supermarket launches car insurance app
Money Supermarket has launched a “front-end” motor insurance app for the Iphone.
Insurers unite on winter tyres
The Association of British Insurers is set to unveil a list of major motor players that have agreed not to charge an additional premium to policyholders for the fitting of winter tyres.
Hastings Direct creates Premier brand
Hastings Direct has launched premier car and motorbike insurance products with additional features and benefits as standard.
Chinese motor market tipped to open up to international players
The Chinese motor market could offer great opportunities for international insurers if local legislation is relaxed next year.
Editor's comment: Coming back to bite
Confident words have a nasty habit of coming back to haunt you – as Admiral’s CEO Henry Engelhardt discovered to his cost this week. From stockmarket darling to deep disappointer inside nine months, the motor-focused UK insurer has certainly suffered a…
PSTF: Data protection telematics worries
Regulators must make a decision, stating where they stand on who owns the data produced as a result of telematics devices. Speaking at Post’s Strategic Technology Forum, Phil Ford, consulting director at Metaskil, warned that regulators need to consider…
Targeting young drivers pushes more insurers to switch to telematics
Co-operative Insurance is “on track” to have 10 000 customers signed up to its young driver telematics product, as Direct Line announces it too is targeting a pilot at this demographic.
News analysis: Admiral’s claims woes worsen as quarter three results revealed
Admiral’s market followers suffered a painful dose of déjà vu last week when the motor insurer’s quarter three results underscored its rising exposure to large bodily injury claims, and it warned full year pre-tax profits would be lower than expected.
Market moves: Setting the trend
Insurer MMA was the main recruiter this week, with the firm naming five new staff across its regional office network. The moves set the trend among fellow underwriters, with high-profile appointments at Groupama, DAS and for Markel’s fledging operation…
Comment: Understanding the risks
From December 2012, insurance premiums can no longer be based on gender and, as documented in Amy Ellis’ article, a ban on the age proxy looks likely to follow suit. It is not, therefore, inconceivable that a ban on the use of many more insurance proxies…
Claims - Board representation: Staking a claim
Claims representation at insurer board level may remain a relative rarity — but is it a business critical necessity or a luxury?
Data usage: Made to measure
Can insurers rise to the challenge of utilising multiple real-time data sources to maximise sales while minimising exposure?