Motor
Uninsured drivers: clamping down
Large numbers of uninsured cars have been seized but many vehicles continue to drive around uncovered
Principal Insurance reports profits surge
Manchester-based Principal Insurance has reported full-year pre-tax profits of £327,109.
AI is strong driving force behind Allianz claims restructure
Allianz is set to make way for the use of artificial intelligence in its motor claims business following its decision to restructure.
Motor premiums will ‘inevitably’ rise owing to discount rate changes
Motor premiums will “inevitably” rise again owing to potential changes to the discount rate, insurers have warned.
Post February 2017: Power, assistance and accolades
The 2017 Post Power List is revealed in the February issue.
Blog: How telematics can help buck winter claims trends
Telematics data shows young drivers drive more carefully in winter than in summer. This type of insight can help insurers develop new rating factors.
Motor premiums reach highest levels ever, says ABI
Motor premiums hit their highest recorded levels last quarter and rose more than five times the rate of inflation in 2016.
Government to rule on personal injury role of CMCs
The government is set to decide whether claims management companies are allowed to continue operating in the personal injury sector.
Post Power List 2017 - bubbling under: Peter Shaw
CEO, Thatcham Research
Post Power List 2017: Håkan Samuelsson
President and CEO, Volvo
Marketing: Image is everything
Insurers must stand out from the competition to attract custom. What lessons can they learn from outside the sector?
O2 delivers car insurance with telematics app
Mobile company O2 will now deliver car insurance through its telematics-based mobile app 02 Drive.
Former LV COO Peter Horton joins fraud specialist Digilog
The former chief operating officer of LV Peter Horton has joined voice risk analysis specialist Digilog.
AI service could transform claims handling of damaged vehicles
Artificial intelligence that can estimate vehicle repair costs within seconds just by analysing an image has the power to revolutionise claims handling, developers said.
European insurers hoping to emulate UK’s ‘aggressive’ fraud data sharing regime
Half of insurers in Europe that don’t currently share information with competitors on fraud wish to do so, according to a survey.
Telematics firm Kroodle looks to high risk customers of parent Aegon
Dutch insurer Aegon is using its start-up telematics provider Kroodle to improve driving performance of customers with high claims volumes.
Allianz warns over role of data for semi-autonomous cars
Allianz has called for data recorders in semi-autonomous vehicles, in order to determine potential driver error in cases of an accident.
Cycling: Superhighways for European insurers?
Cycling as both a sport and a means of commuting currently enjoys a very high profile. Whether for health, convenience or passion, it seems more people are turning to pedal power, and the European insurance industry is beginning to take notice.
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?