Motor
Rise in claims push motor reinsurance rates up 50%
More severe claims frequency and an increase in periodical payment orders have contributed to UK motor reinsurance rates leaping by as much as 50% at the 1 January renewals on a rate-adjusted basis.
Devitt eyes renewed affinity push after MBO from RBSI
Motorcycle broking specialist Devitt has targeted a return to the broader affinity market following its management buyout from Royal Bank of Scotland Insurance.
Editor's comment: The foundations are laid
Looking back 12 months to the first leader column of last year, I mulled whether 2010 would be marked by a number of changes, not least a hardening of rates, more merger and acquisition activity and insurance IPOs.
View from the top: Ending whiplash woes
Whiplash claims are at the core of the spiralling cost of motor insurance and it is incumbent on insurers to get to grips with the problem.
Fraud - travel database: Share and share alike
Though shared services are seen as important cost-cutting tools, initiatives have often failed to deliver projected savings. Richard Barrett explains why this happens and how insurers can maximise their returns.
ABI: household now the number one target for insurance fraudsters
Home insurance is now the number one target for insurance fraudsters according to the Association of British Insurers.
Admiral launches French direct insurer L'Olivier
Admiral today announced that its direct insurance operation in France, L'Olivier (Olive Tree), launched today from its offices in Paris.
Admiral launches French direct insurer L'Olivier
Admiral today announced that its direct insurance operation in France, L'Olivier (Olive Tree), launched today from its offices in Paris.
Allianz launches Your Cover on Moneysupermarket
Allianz Insurance has launched its new online only car insurance Your Cover on comparison site Moneysupermarket
One in three businesses unsure of extent of cover
Some 34% of businesses are unclear if their insurance would cover every eventuality should they need to make a claim, research from Allianz has revealed.
Axa and Complectus launch glass insurance product
Insurer Axa and claims firm Complectus have developed a new glass insurance product for HGVs, LCVs and cars.
Capita lands Virgin Money contract
Capita Insurance Distribution has agreed a five-year contract to deliver the administration of home and motor policies for Virgin Money.
AA reports motor claims running 100% ahead of normal due to bad weather
AA Insurance has experienced one of its busiest days yesterday as snow and ice led to a 100% increase in car insurance claims, compared with a normal December Monday.
Latest snowfall brings blizzard of car insurance claims
Snow and ice sweeping Britain is expected to bring a big jump in car insurance claims, according to AA Insurance.
RBS Insurance sells broker arm Devitt to management team
RBS Insurance has agreed to sell Devitt Insurance Services to its existing senior management team, lead by managing director William Hughes.
Aon acquires Irish PI broker
Broking giant Aon has acquired Ireland-based online personal lines intermediary Insure.ie.
Health insurance - review of the year: Care crisis or opportunity?
The past 12 months have been tough for health insurance, with a record contraction in policy numbers. Amy Ellis examines recent market developments and asks whether 2011 will be brighter.
Legal update - NHS recvoery scheme: Getting cash back
New tariffs introduced this year for the Injury Cost Recovery scheme have the potential to impact insurers. Peter Forshaw examines fears that the scheme may be extended further.
Postscript - 30 years ago: Insurers look forward to £50m saving
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Interview - Roger Brown: Adding value for members
Roger Brown is nearing his second full year as managing director of the ECIC. Mairi MacDonald talks to him about the changes instigated and challenges ahead.
Europ reveals new five-year plan
Europ Assistance is planning to reduce its reliance on traditional travel and motor lines — which currently account for more than three-quarters of the company's turnover.
View from the top: Fight the good fight
Well - what a year. The turmoil in the financial services markets over recent years hasn’t really evaporated from customers’ minds, even if we’ve all worked through it and moved from stock market crisis to sovereign crisis in more recent times. Against…
Mapfre in home and motor direct launches
Mapfre has announced plans to launch Verti, a new direct sales company specialising in the motor and home insurance segments. It will operate both via Internet and telephone.
Direct Line appeals to High Court over £3.4m pay out
Insurance firm Direct Line has launched a High Court bid to recover millions of pounds paid out in damages to a motorist who claimed to be seriously injured in a road accident.