Motor
PI victory highlights bus fraud threat
Provident has claimed a victory for the insurance industry after it avoided a potential cost of £200 000 in fraudulent personal injury claims.
Ebrands look to panel
Brightside insurance director Arron Banks has revealed plans to double the gross written premium of underwriting businesses Ecar and Ebike to over £200m by moving the products to panel arrangements.
MIB reduces levy on insurers for third year
The Motor Insurers' Bureau has introduced an annual levy on motor insurers of £397m for 2010, marking the third reduction in contributions to the fund of last resort in three years.
Axa MGA stance leads to 13% cut in volumes
Axa Insurance's strategy of lifting rates and exiting relationships with managing general agents has led to a 13% reduction in volume in its commercial lines book over the course of 2009.
Pick of the week
Post reporter Amy Ellis outlines some of the major stories from this week's issue of Post Magazine.
Spanish insurance industry suffers under weight of recession
Spanish insurers will continue to see their profitability squeezed as a result of the tough economic environment, according to Moody’s.
Spanish insurance industry suffers under weight of recession
Spanish insurers will continue to see their profitability squeezed as a result of the tough economic environment, according to Moody’s.
Moneysupermarket sees insurance transactions fall 14% in 2008
However, insurance made up 55% of the revenue (£75.7m), compared to 44% in 2008 despite a slight drop from £77.7m that year.
Markerstudy completes Zenith deal
Markerstudy Holdings has completed the purchase of Zenith Insurance incorporating Link Underwriting Agency and GHL Insurance Services, after receiving approval from the Financial Services Authority.
ALA Insurance Brokers launches GAP motor insurance product
ALA Insurance Brokers has unveiled a new GAP motor insurance product, which the intermediary claims is the first to use independent vehicle valuation data.
Aviva and MIB wade into debate on "fronting" fraud
New research from the Motor Insurers' Bureau and Aviva reveals that more than two-thirds of UK drivers do not understand what it means to ‘front' an insurance policy.
Swiftcover warns "fronting" fraud has doubled in two years
An estimated 36 000 parents are committing fraud by illegally putting their sons and daughters down as a ‘spouse' or ‘partner' on their car insurance policy - a crime known as fronting according to Axa-owned firm.
Italian insurer sees 7.5% jump in motor business
Vittoria Assicurazioni reported that it wrote € 671.3m (+6.4%) of premiums in 2009, of which €541.5m (+5.0%) was non life.
Italian insurer sees 7.5% jump in motor business
Vittoria Assicurazioni reported that it wrote € 671.3m (+6.4%) of premiums in 2009, of which €541.5m (+5.0%) was non life.
Groupama profits fall more than 50%
Groupama Insurances has announced a pre-tax £14m profit for 2009 – a fall of more than 50% on the £30.1m reported in 2008.
Axa UK GI earnings dip 63% after £157m fire and weather losses.
Globally, Axa Group reported underlying earnings down 6% to €3854m versus 2008, adjusted earnings down 8% to €3468m and net income up 283% to €3606m (on a comparable basis).
Legal Expenses - Jackson Impact: Cheque mate
Would Lord Justice Jackson's recommendations on costs reform really decimate the after-the-event market? Veronica Cowan canvasses views from those affected.
Motor Claims 2010: Creating harmony
With the perfect scenario for vehicle replacement still a long way off, Brendan Keane examines whether recent developments are taking the industry towards it.
Motor Claims 2010: Ombudsman calls for credit hire clarity
The Financial Ombudsman Service's lead insurance specialist has called for clarity on behalf of consumers around the use of credit hire operators in the insurance industry.
Motor Claims 2010: ABI calls for MoJ reforms co-operation
The Association of British Insurers has called on its members and the legal profession to work together to ensure the Ministry of Justice's new motor claims handling process is a success.
Motor Claims 2010 - Axa: performance up following GTA exit
Axa Insurance's withdrawal from the Association of British Insurers' general terms of agreement has been good for the insurer's performance, according to its technical manager for motor claims.
Motor Claims 2010: Police chiefs seek help from insurers on fraud
Insurer capital and information could prove vital in the fight against fraud, according to detective chief inspector Andy MacKay of the Association of Chief Police Officers' Vehicle Crime Intelligence Service.
Motor Claims 2010: Time issues worry Zurich boss
Ministry of Justice personal injury reforms will place greater time constraints on insurers than claimant lawyers, according to Tony Emms, motor claims director at Zurich.
Motor Claims 2010 - MIB: data accuracy crucial for CIE success
The Motor Insurers' Bureau has warned that the Motor Insurance Database must be accurate for the continuous insurance enforcement scheme to be a success.