Young drivers
Motor insurers with the happiest customers revealed
Data analysis: Fairer Finance’s latest consumer survey shows Audi, NFU Mutual, BMW, Santander, and By Miles have the happiest motor insurance customers and digs into the reasons why they are more cheerful than most.
WTW partners with Sapiens; Zurich expands regional network; Pen UW creates head of IP
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Aviva UK&I GI sees growth as it returns more than £5bn in capital since 2021
Aviva Group CEO Amanda Blanc has announced strong results for the UK and Ireland general insurance business, while launching a £300m share buyback scheme, having taken capital return to over £5bn in two years.
Intelligence: Telematics: Boxing clever?
Twenty years after Norwich Union launched Pay as You Drive Insurance in the UK, Frances Stebbing assesses how much progress has been made in telematics becoming a mainstream motor insurance product; and how these black box offerings have evolved.
Interview: Kelly Ogley, A-Plan
Four months after stepping up to the role of CEO at A-Plan, Kelly Ogley tells Pamela Kokoszka about her three passions, discusses the growth plans for the broker, and reveals how it has managed to remain relevant for the past 58 years
Insurance M&A tops 418 deals in 2021; Beazley leads IVF solution after Gaia tie-up; Ageas joins telematics panel; and Tokio Marine HCC relocates branches
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Blog: Pay-as-you-buy insurance – a customer choice-based concept
Telematics has created an acceptance of data sharing that paves the way for insurers and their customers to access the benefits from open banking data, argues Sara Costantini, managing director of Crif Decision Solutions.
Spotlight: Application fraud - Intelligence and a united front bring progress
With a rise in application fraud post-Covid being widely reported, Rachel Gordon asks insurers and brokers how they are using the art of data science to make sure honest policyholders do not suffer.
Allianz unveils sustainability charter; Beazley plots ESG syndicate; FOS complaints up 5%; and IQUW set to acquire Agora
Post wraps up the major insurance deals, launches and investments of the week.
Sabre warns of driving test 'backlog' effect
Sabre has said it may be 'disproportionately' affected by a backlog of driving tests and delays in new car registrations.
By Miles strikes £5m agreement with Silicon Valley Bank
Exclusive: Pay-per-mile motor insurtech By Miles has agreed a £5m loan facility with Silicon Valley Bank.
Direct Line and More Than launch telematics products; Easy Jet adds Covid-19 cover; Sedgwick sells UK subsidiary; and Shift becomes latest European insurtech unicorn
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Kingfisher alleges deceit and software breaches in £25m claim against ex-Fresh owners
Kingfisher UK Holdings has accused the former owners of personal lines specialist broker Fresh Insurance of covering up that its software used the Motor Insurance Bureau’s My Licence system in a way that breached its agreement with the MIB and the Data…
Scrap IPT for young driver telematics insurance, select committee advised
Brokers called for the government to introduce a zero-rate insurance premium tax for young driver telematics policies in oral evidence at the Transport Committee’s inquiry into road safety and young and novice drivers.
Vantage rebrands to Kingfisher as restructure leads to 130 job losses
Vantage Holdings, owner of brokers including Fresh Insurance and Peter James along with managing general agent First Underwriting, has rebranded as Kingfisher Holdings.
Car insurance premiums fall but ‘uncertainty’ dogs future pricing: WTW/Confused
While average car insurance premiums fell 5% in the second quarter of 2020, deeper analysis reveals more is going on beneath the surface as Willis Towers Watson and Confused warn of future pricing “uncertainty.”
Profits and turnover shrink at CDL in 2019
CDL Group has reported a 5.1% fall in turnover to £52.9m along with a 31.4% drop in post-tax profit to £4.7m for the year ended 30 September 2019.
Top 100 Insurtech Firms 2020: Investment, advice and coaching - what is the attraction of working with insurtechs?
The insurance sector is difficult to navigate at the best of times, but doubly so if you are an insurtech with limited market experience and a small budget. Post caught up with a number of senior insurance executives who have gravitated to helping out…
Insurtech Honcho targets van and learner driver markets after further £1.2m fund raise
Insurtech start-up Honcho has raised another £1.2m with participation from over 6000 crowd investors on Crowdcube, Insurtech Gateway and existing investors Finance Durham.
Motor Insurance World Live video presentation: The car is the star
Motor insurance companies have long focused on rating factors such as a driver’s age, occupation and where they live.
Telematics Watch: Is black box insurance entering the mainstream?
An early entrant, Igo4 started selling telematics policies in 2012. Eight years later, founder and CEO Matt Munro ponders how its data on the adoption of ‘black box’ insurance indicates it is moving out of the young driver silo.