Motor
Insurers in line for a £4.8bn windfall from referral fees - Insurance News Now – 9 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including how motor insurers could pocket billions in extra income a year if a recommendation to retain referral fees is acted on.
Airmic 2011: It is not necessary to increase fleet insurance costs each year, says QBE
“Fleet insurance costs do not need to go up each year – there is another way”, says QBE’s Doug Jenkins.
Garratts lands instructor contract
Insurance broker Garratts has landed a £500 000 contract to provide motor insurance for more than 1000 driving instructors.
RBSI launches Sainsbury's motor offering
Royal Bank of Scotland Insurance has launched its affinity partnership with supermarket Sainsbury's - first revealed by Post in March.
Auto Restore targets consumers in direct offering
Car repair firm Auto Restore is launching a new ‘direct to consumer’ proposition, offering motorists with minor vehicle body damage an alternative to making an insurance claim for their repairs
Property claims: UK businesses have failed to respond to roof collapse threat
The severity of the winter 2010 cold snap exposed a lack of preparedness by UK businesses, according to Huw Chandler, property risk engineering practice leader at XL Insurance.
PSTF: Telematics: caution called for over information overload
Responding to a question from a PSTF advisory board member, Insure the Box founder and joint chief executive Mike Brockman admitted there is a danger of information overload with regards to what telematics can deliver.
Postbox: High fines favoured for uninsured drivers
It was good to read Transport Minister Mike Penning is liaising with the Ministry of Justice in order to discuss the fines for uninsured drivers in last week's edition of Post.
Technology - Mobile apps: The age of the app
App fever is infiltrating every aspect of our lives — and the insurance industry is no exception — but while the benefits a quality app can bring are undeniable, there are a number of pitfalls to avoid, says Ian Singer.
Allianz confident over conversions
Allianz is targeting 200 brokers with its new add-on product, Pro Motor Rescue, predicting a conversion rate of between 15% and 20% on participating brokers' entire motor books.
Intelligent insurance for young drivers
An ‘intelligent insurance’ motor policy designed to help young drivers afford safer cars has been created by Intelligent Marmalade.
Brake’s graduated licensing scheme is criticised by Young Marmalade
Young Marmalade, the insurance for young driver specialists, has disagreed with driving charity Brake over the graduated driver scheme they presented to Parliament yesterday.
Willis launches pay-as-you-go grey fleet cover
Willis has created an insurance scheme to address the insurance problems associated with allowing staff to drive their own cars on business – the so called grey fleet.
Post history - 50 years ago: Uninsured drivers age-old problem
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
North of the Border: judicial awards in fatal claims
After six months of consistently increased Scottish civil jury damages awards for fatalities, Bellingham & Others v James Todd has now demonstrated the prospective impact on judicial awards.
Ageas to hike household rates to emulate motor
Ageas is set to continue hiking rates on its household insurance, on top of the 10% it has already pushed through in the first quarter of 2011, in a bid to replicate the improved combined ratio already seen in its UK private motor performance.
Junction sees huge boost after B&B buy
A year after its acquisition of Bradford & Bingley's motor and home insurance business, Junction claims to have boosted new home policies by 200%, increased sales on its smaller motor book by 1000% and improved renewal rates by 25%. The firm has now…
Transatlantic to launch UK personal lines brand
Transatlantic Re is set to launch a new UK personal lines general insurance venture, as the US giant looks to capitalise on hardening premium rates in the motor market.
Fish eyes boutique growth after ex-Lockton partner hire
Private equity-backed broker Fish Insurance is set to make a play for boutique commercial insurance, following the hire of a former Lockton partner to spearhead a new division.
Editor's comment: Still after a piece of the motor market action
Despite the horrendous combined operating ratios and losses that have piled up in the UK personal lines motor market in recent years, it still holds a fascination for many.
Bike aggregator expands in specialist motor niches
The new owner of The Bike Insurer is poised to expand into the specialist lines of caravan and classic car cover, with discussions underway with up to eight providers.
Ford tackles credit hire fees with claims service
Car manufacturing giant Ford is to launch a dedicated 'credit hire free' accident management arm for its customers in a bid to help eradicate personal injury claims inflation.
Former HSBC boss returns with new motor start-up
Martyn Capewell, the former chief executive of HSBC Insurance, is set to return with a new venture, in a further sign of a resurgence in the intermediated motor market.
Transatlantic to launch UK personal lines brand - Insurance News Now – 26 May 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories that include how Transatlantic Re is poised to launch a new UK personal lines general insurance venture to capitalise on hardening premium rates in the motor market.