Telematics
PSTF: Post’s STF last week debated customer engagement and future recruitment
Insurers have been urged to use emerging technologies to change the way they interact with customers, by exploiting the growth in social and telematics data. According to an expert analyst, this will forge a “win win” relationship with consumers who…
Market moves: Ageas and Axa name new MDs
With insurance companies gearing up for the festive holidays, it was a surprisingly busy week in recruitment.
Interview - Edward Fitzmaurice: Broking promises
With Hastings Direct on the cusp of becoming a top five broker and securing its one millionth customer, 2012 could be a landmark year for chief executive Edward Fitzmaurice
Hastings targets young drivers with telematics policy
Hastings Direct is set to launch a telematics-based motor policy for young drivers.
Motor insurers set to share application data in suspected frauds – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how motor insurers plan to share suspected application fraud data as criminals try multiple applications to get cars on the Motor Insurance Database as cheaply as…
Lineker welcomes new telematics brand
Former England footballer Gary Lineker has backed a new car insurance brand, which uses telematics, to provide young drivers with better deals.
Editor's comment: Knowledge swap shop
The first of many: that appears to be the over-riding theme of this week’s insurance market developments. First we had the groundbreaking strategic partnership struck between Catlin and China Re, in a move both parties expect will prove extremely…
ABI defends proposal to ban young motorists from driving at night
The Association of British Insurers has been forced to defend its proposals, which included a ban on night driving for young drivers, after they were dismissed as unenforceable by the government and safety campaigners.
ABI Motor 2011: Telematics is the biggest challenge facing aggregators
Speaking at the Association of British Insurers Motor Conference on what the future face of distribution looks like, Tom Cooper, pictured, executive director at Igo4, said that within 15 years we could have a market where everyone is rated on a…
ABI Motor 2011: Thoresen outlines five key priorities
Otto Thoresen, ABI director general has outlined the tough measures that form part of its strategy to deliver a better motor insurance deal to customers.
ABI Motor 2011: “Tough love” proposals to cut young driver accidents
The Association of British Insurers has set out radical proposals to cut the high level of deaths and serious injuries involving young drivers.
PSTF: Data protection telematics worries
Regulators must make a decision, stating where they stand on who owns the data produced as a result of telematics devices. Speaking at Post’s Strategic Technology Forum, Phil Ford, consulting director at Metaskil, warned that regulators need to consider…
Targeting young drivers pushes more insurers to switch to telematics
Co-operative Insurance is “on track” to have 10 000 customers signed up to its young driver telematics product, as Direct Line announces it too is targeting a pilot at this demographic.
Comment: Understanding the risks
From December 2012, insurance premiums can no longer be based on gender and, as documented in Amy Ellis’ article, a ban on the age proxy looks likely to follow suit. It is not, therefore, inconceivable that a ban on the use of many more insurance proxies…
Stonepoint to reduce interests in Cunningham Lindsey and Lockton – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how, according to market speculation, Cunningham Lindsey and Lockton International are both looking at options that may see private equity giant Stonepoint Capital…
Direct Line launches telematics pilot
Direct Line has teamed up with sister telematics firm Tracker to pilot the use of telematics within retail motor insurance.
Telematics insurer secures 50 000th policyholder
Telematics-based insurer Insurethebox has today chalked up its 50 000th motor policyholder, just 16 months after the business was launched.
Towers Watson hires five to make telematics programme global
Towers Watson has made five senior appointments to help roll out a programme that aims to support insurers in creating products priced according to the driver’s behaviour.
Rating factors - Age: Age-old dilemma
After losing the battle to use gender as a rating factor, could the insurance industry be facing a new threat as age falls under the spotlight?
Your say: No underclass from telematics
I would like to take issue with Tom Woolgrove of RBS Insurance; telematics will not create an insurance underclass, as he fears. In fact it will do the opposite.
Telematics reports driving every second
Insurance telematics firm MyDrive Solutions has launched its first product to market called Dynamic to enable car insurers to use driving behavioural data to assess the risk presented by individual drivers.
Insure The Box cuts renewal prices
Insurethebox, the telematics-based on-line motor insurer, has released its first renewal statistics since going live last summer which show that around two thirds of its policyholders who received renewal notices in July and August were offered cuts in…
Young Marmalade uses telematics to cut cost of car insurance
Young Marmalade bosses claim to have slashed insurance premiums for young drivers by 17% after introducing in-car ‘black box’ technology.
Motaquote aims for telematics push following branch closures
Motaquote managing director Nigel Lombard has vowed to bolster the firm’s telematics business, while also pledging to maintain a “strong community presence” following the closure of seven high-street branches in South Wales.