Telematics
Brokers 'very positive' on in-vehicle management technology rollout
Equity Red Star CEO Ian Foy has hailed the rollout of in-vehicle management technology Equitrack, claiming that brokers have responded favourably to the belief that the launch will drive down costs and claims.
Coverbox data to convince insurers to change underwriting of motor risks
Telematics insurer Coverbox is to send selected insurers a report analysing 250 million miles of vehicle journeys that it claims will change the way car insurance premiums are set.
Telematics: Aggregators - the future of motor insurance
As young drivers are priced out of the market, could the emergence of telematics bring an end to the dominance of the traditional big four aggregators, as others seek to take a share of the market?
Post magazine – 1 March 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Axa UK CEO warns PM Cameron telematic rates are not a silver bullet for young drivers
The CEO of Axa UK & Ireland Paul Evans has warned PM David Cameron that telematics is not a silver bullet to sort out the issue of restrictive insurance prices for young drivers.
Editor's Comment: RBSI takes the Direct approach
The news that Royal Bank of Scotland Insurance is to use the Direct Line brand comes as little surprise.
Ingenie backs government's telematics measure
Telematics brand Ingenie has welcomed government plans to use technology to tackle spiralling motor insurance premiums.
PM and insurers unveil six point plan after motor premium summit
The Prime Minister has committed to tackling the compensation culture, reducing legal costs and cutting health and safety red tape.
Broker shows support for PM and insurer motor premiums meeting
Wales-based Motaquote has highlighted the significance of telematics ahead of the Association of British Insurers' meeting with Prime Minister David Cameron on rising motor insurance premiums.
Young Marmalade answers young driver premium problem
Specialist young driver insurer Young Marmalade has shown its scheme can reduce premiums for young drivers.
AA Insurance launches tech-based policy for young drivers
AA Insurance has become the latest firm to "turn to technology" having launched its new 'pay how you drive' policy AA Drivesafe.
Insurers rally to hail their technologies as Avantia claims flood risk first
The competition to get the upper hand in the use of sophisticated data to underwrite flood-prone properties has already started, as it seems increasingly unlikely the Statement of Principles will be renewed beyond June 2013.
TomTom targets Europe with new telematics product
Dutch navigation systems maker TomTom NV is making a foray into the telematics market after teaming up to produce a device to track driver behaviour.
How will the ECJ gender ruling impact European insurers?
As the national press continues to probe the impact of the European Court of Justice’s gender ruling on the European consumer, Francesca Nyman asks if European insurers can comply and still retain their competitive edge.
In series - On data: An era of androgyny
With gender set to disappear from the underwriting landscape at the end of 2012, what factors will insurers turn to when accessing risk?
New Coverbox boss van der Merwe aims to beat telematics rivals on pricing
The new boss of telematics insurance provider Coverbox has outlined plans to better match premiums to its customers’ driving habits, insisting the current ‘pay-as-you-drive’ players are not making best use of the available technology.
Go Compare and Wunelli set to develop telematics aggregator
Go Compare has confirmed that it is looking at developing a telematics comparison service with Wunelli.
Minister backs telematics in fight for lower premiums
It is hoped that a combination of telematics technology and changes instigated by the Driving Standards Agency to make the theory test harder to pass will lead to lower premiums for new drivers.
Expert analysis: Relatively calm
Although competition remains fierce in the aggregator arena, the rush for volume has slowed as the motor market moves closer to break-even point, says Tom Cooper, Igo4.
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.