Motor
Direct Line launches new telematics app to reduce risk of crashes in young drivers
Direct Line has launched new telematics app to promote safe driving in drivers aged 17-25-years old and reduce the risk of crashes.
Start-up broker Cuvva launches pay-as-you-go motor insurance
Pay-as-you-go broker, Cuvva is to launch a car insurance product for people who use their vehicles infrequently.
Inflexion Private Equity buys out telematics specialist My Policy
Inflexion Private Equity has bought out telematics specialist My Policy and brought in Mark Wood, who previously held a CEO position at Axa, as chairman.
FCA: Consumers overpaying £108m a year in ‘poor value’ add-ons
The Financial Conduct Authority said customers may be overpaying £108m every year in insurance add-ons, with sometimes less than 10% of retail premiums for add-ons paid out in claims.
56% of Indian vehicles have no insurance, says GIC
India's General Insurance Council has compiled data that shows a major underinsurance problem on India's roads.
Motor fraud: Reaching critical mass
Although the adoption of My Licence has been slow to date, the Motor Insurers’ Bureau has predicted an increase in uptake to 50% this year. Will 2017 see the service reach critical mass?
UK Vehicle rebrands to Cazana and appoints advisory panel
UK Vehicle has fully rebranded into Cazana, a database platform used by insurers, underwriters and loss adjusters to detect fraud at early stages.
Paris experiments with driverless buses
Paris began a three-month test of two driverless buses yesterday, in what is the first stage of the city's embrace of self-driving vehicles.
Accidental damage cited as bigger threat than whiplash to motor premiums
The average car insurance premium rose by £35 over the course of just three months last year, with accidental damage blamed as a major factor.
Watchstone set to make loss of £14.9m
Watchstone is expected to make a loss of £14.9m in its full year results.
Co-op censured over failure to meet CMA deadline
Co-op Insurance has been ordered to provide customers with the price of its no-claims bonus protection.
Blog: Let's create a cross-industry body to push anti-fraud reforms
Personal injury and insurers should create a cross-industry body to see through the various anti-fraud reforms and restore trust in the sector.
LV swaps 'outdated' manual process for digital subrogation portal
LV has swapped its ‘outdated’ manual process for subrogated claims for a new digital portal.
Smallman joins National Windscreens board
National Windscreens has appointed John Smallman to its board of directors.
LV's Martin Milliner on how getting whiplash right could restore faith in insurance
Working with government, regulators and trade bodies to build public trust in insurance is a common aim of our profession and more important than ever when considering today's unnecessary claims culture.
Quiz of the week - 13 January
Test your knowledge on this week's insurance news.
Men paying more than women for car insurance despite EU gender directive
Men are paying on average £101 more for car insurance than women, despite EU rules banning insurers from taking gender into account when calculating premiums.
Motor premiums rose by 14% in 2016
Car insurance premiums rose by 14%, equivalent to £95 on average, in 2016.
Digital motor insurance policies worth €15bn by 2020
Digitally-enabled motor insurance policies in Europe could potentially be valued at €15bn (£13bn) by 2020, according to Deloitte.
Markerstudy cancelled MGA capacity deals due to ‘conflict of interest’
Markerstudy said the decision to withdraw capacity for managing general agents was due to a potential “conflict of interest”.
Century MGA replaces lost Markerstudy capacity
Century Underwriting has replaced the capacity arrangement it had with Markerstudy with three new insurers.
Industry welcomes government's position on driverless cars
The industry has welcomed the government’s response to last year’s driverless car consultation.
Fraudster imprisoned following Ifed investigation
A man has been sentenced to jail for making false car insurance claims.
Blog: Lawyers must help insurers use them less
There has been a profound shift in the provision and delivery of legal services to the insurance industry within the last 10 years.