Motor
Industry welcomes draft reform on Ogden discount rate
Insurers have welcomed government plans to alter the way the discount rate is set in future.
Munich Re Digital Partners to roll out ride-sharing digital platform
Munich Re Digital Partners has entered a partnership with ride-sharing platform Drover in order to provide fleet owners and ride sharing drivers with personalised policies.
Analysis: Repair costs
The questionable practice of marking up at-fault repairs continues, despite resistance in some quarters. Will this status quo ever be challenged?
Analysis: Pet insurance: fetching data
Customer profiling is key to accurately assessing insurance risk, capturing fraud and improving the pet owner’s insurance experience
This week in Post: Thoughts with Texas
The world watched with horror last weekend as Hurricane Harvey made landfall, its high winds bringing devastation to Texas. It’s been downgraded to a tropical storm but the floods from its torrential rains continue to wreak havoc.
Calling all brokers, there is still time to shape the 2017 Underwriting Service Awards
Brokers, there is still time left to shape the runners and riders for this year’s Underwriting Service Awards.
NFU Mutual ranks lowest for digital services in home and motor lines
Just 4% of leading insurers are providing digital services in their claims process within home and motor lines of business.
Insurance Europe responds to Vnuk consultation
Insurance Europe and the Council of Bureaux have issued a joint response to the European Commission’s inception impact assessment on the Refit review of the Motor Insurance Directive.
This Week in Post: Is there a driver on board this truck?
Living in South London, I’m in an on-off relationship with my broadband connection. My unreliable web access is irritating – although it is probably not as bad as in certain rural areas.
Motor premiums to rise while government delays Ogden consultation feedback
The Ministry of Justice’s decision to delay the Ogden consultation feedback may push motor premiums up.
Vnuk ruling could lead to next hunting ground for CMCs, ABI warns
The Association of British Insurers has warned that the Vnuk ruling could lead to the next ‘lucrative hunting ground’ for claims management companies due to the vagueness of implications.
MIB urges European Commission to take action against consequences of Vnuk ruling
The Motor Insurers’ Bureau has urged the European Commission to take action against the unmitigated consequences of the Vnuk ruling.
German non-life premiums to continue to rise
German general insurers will continue increasing premiums to offset declining yields in their investment portfolios.
More than half of insurers now use My Licence
With 52% of insurers using My Licence, the Motor Insurers' Bureau hit its adoption target for the platform in Q2.
Elite Insurance falls £9.7m short of SCR
Gibraltar-based insurer, Elite Insurance has fallen £9.7m short on its solvency capital requirement in the year to 31 March 2017, despite a sizeable strengthening in its reserves.
LV's Martin Milliner on the future of vehicle technologies
Wtih the European Commission looking to mandate 19 vehicle technologies to be fitted as standard, Martin Milliner, director of claims at LV, asks how ready the public and insurers are for advanced driver assistance programmes.
Aviva strongest brand in the motor market
Aviva has the greatest brand power in the retail motor market, with Hastings, Admiral, Adrian Flux and LV making up the top five most searched for insurers.
Admiral reports slight rise in pre-tax profit despite Ogden impact
Admiral has reported a slight jump in its pre-tax profit during the first half of 2017, despite an earlier hit to profits of £150m from the Ogden rate change.
General insurance complaints jump within the last year
General insurance complaints submitted to the Financial Ombudsman Service have increased over the last year, recent results have shown.
BGL's Julia Walker-Smith on pooling intelligence and using data science to combat fraud
The insurance industry needs to share information about known fraud to prevent multiple teams from duplicating the same work, according to Julia Walker-Smith, associate director of fraud at BGL Group.
TT Club to provide insurance cover for 'Uber-style' freight service
TT Club is set to provide insurance cover for Russian freight start-up Deliver in order to implement an ‘Uber-style’ service to its customers.
Driving test changes a 'missed opportunity' insurers say
Insurers have warned that planned updates to the driving test do not go far enough by not introducing graduated driver licensing.
Halo partners with new owner Zurich for Australian car hire excess insurance launch
Exclusive: Halo Insurance is to launch in Australia later this year in what will be its first underwriting venture with new owner Zurich.
A-Plan's Carl Shuker on how to deserve customer trust
Insurers could create a panel of customer advocates to rebuild trust, recommends Carl Shuker, CEO of A-Plan Insurance.