Motor
News analysis - NIG withdrawal: NIG: a very personal exit
The announcement of the proposed closure of NIG's personal lines business last week has raised a host of questions.
Allianz claims industry first with dedicated liability fraud team
Allianz Insurance is on course to make casualty insurance fraud savings of more than £10m, after setting up a specialist fraud team.
Insurers signal motor rate rises are coming
More insurers are expected to take a close look at their personal lines motor book, following the news that loss-making NIG has drawn up a proposal to exit the business.
PL brokers defiant over demise of NIG motor
Brokers have responded defiantly to any demise of NIG's personal lines motor book, insisting there is sufficient appetite to fill the void left by the insurer.
Defaqto: significant variation in legal cover for uninsured loss recovery
Findings from a Defaqto study have revealed “significant variations” in comprehensive motor insurance policies, for those looking to reclaim costs for uninsured losses.
New learner driver insurance can help pass rates, says AA
The AA has started offering new insurance cover for learner drivers which it says won’t affect the car owner’s own insurance, and may help improve pass rates.
Liberty Syndicates enters UK motor market
Liberty Syndicates is entering the UK and Irish motor insurance markets through the hiring of a team of specialist motor underwriters.
An in-depth review of the general insurance market in Italy
Despite the introduction of the ‘Bersani law’ looking to liberalise the Italian general insurance sector and increase competitiveness, brokers still have a long way to go to impact on the agent dominated market. But with untapped potential in the market…
Fresh selects Open GI for certificate support
Midlands-based broker Fresh Insurance has chosen Open GI as its technology provider for the distribution of electronic motor insurance certificates.
Aggregators “dominating” personal lines market
Research by advisory firm Deloitte has revealed that 40% of consumers have purchased a non-life insurance policy via a comparison site in the last year.
Markerstudy fraud investigator joins IFIG board
Markerstudy’s Andrew Davies has been named as a board member of the Insurance Fraud Investigators Group (IFIG).
Italian insurance regulator to act on high motor premiums
The Italian insurance regulator ISVAP has promised that it will take action to reduce the higher than European average motor premiums in the country this year.
Underwriting Service Awards 2010 - rewarding insurance underwriting excellence
Post has launched the all new Underwriting Service Awards, designed to identify, reward and shine a light on the highest performing insurance industry underwriters across a number of different insurance specialisms. The winners will be announced at a…
Third party injury claims are rising
This is according to the preliminary findings of a report due to be published later this year by the Actuarial Profession’s third party motor insurance working party.
Post in print - 29 July 2010
Post reporter Amy Ellis outlines the main news from this week's issue of Post.
RSA acquires 123 Money
RSA has completed the purchase of Irish personal lines broker 123 Money for a sum in excess of £54m.
RSA acquires 123 Money
RSA has completed the purchase of Irish personal lines broker 123 Money for a sum in excess of £54m.
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…
EL & PL: Building the wall
As fraudsters seek new areas to commit insurance fraud, Andrew Gillett reports on how the liability market is tackling this growing problem.
Lloyd's & London market: Bargain hunt
It looks like investors searching for a piece of the action in Lloyd's can pick up a bargain right now, as depressed share prices shine a light on profitable businesses trading at a discount to their net asset value. Ralph Savage investigates whether a…
NI motor still competitive despite higher cost for consumers
Imbalance between the volume of motor claims in Northern Ireland (5.4% of the UK total) compared to the number of vehicles (2.6%) is contributing to higher insurance premiums in the province.
MCE signs Open GI deal
Motorcycle broker MCE has signed a new deal with Open GI, in a move that will cover the entire IT infrastructure for its call centre and trading website.
Liability fraud on the rise claims Keoghs
Fraudulent liability claims are rising sharply according to Keoghs, which has found a 150% increase in the volume of suspicious liability claims it has investigated over the past 12 months.
NIG looks to exit personal lines after sale ruled out
Royal Bank of Scotland Insurance has unveiled a plan to close its loss-making NIG personal lines business after ruling out a trade sale as "unviable" in the current market.