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Motor

Motor premiums fall £60 year-on-year

Motor insurance premiums have fallen by £60 over the last year, while claims payouts increased significantly, according to data from the Association of British Insurers’ quarterly premium tracker.

Insurers call for more regulation of electric vehicles

Petty Abrams, senior associate at law firm DWF, explores how new salvage rules, battery risks, repairability issues, charging liability, and increasing claims costs are reshaping motor insurance, and examines the need for more updates to legal frameworks.

Axa acquires Prima

Axa has acquired 51% of Italian insurtech Prima, including its UK business, for €500m (£433.4m).

Brewis leaves FCA for KPMG

Matt Brewis, the Financial Conduct Authority’s director of insurance, is leaving the regulator to join KPMG UK, Insurance Post can exclusively reveal.

Sabre CEO unfazed by drop in GWP

Sabre CEO Geoff Carter has told Insurance Post the provider’s 20% reduction in gross written premium "doesn’t bother us at all," but acknowledged growth is necessary to reach its £80m profit target by 2030.

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