MOTOR – Page 24
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NewsGranite Group agrees to buy Crewe-based telematics insurer
The deal aims ’to cater to increasing demand for motor usage-based insurance’ post-pandemic
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AnalysisIn Focus: How will the increasing price yet declining availability of car parts affect the claims process?
Industry experts discuss how car part avaliability issues are affecting the claims process
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NewsAllianz appoints new approved repairer network to focus on green parts and EVs
The insurer aims to achieve ‘a market-leading repair proposition and high customer satisfaction’ with its new bodyshop partners
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AnalysisIn Focus: Petrol crisis fuels interest in electric vehicles
The push towards a greener future will see electric vehicles increasingly come into play, but the insurance industry still has more to learn about this mode of transport
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NewsDAC Beachcroft and insurtech reveal digital tool to speed up liability submissions
The collaboration aims to help insurers ’safeguard against the risk of claims’
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NewsMotor insurers pocket £3.3bn Covid windfall – ACSO
Pandemic linked lockdowns saw car insurers reap £118 per policy, states ACSO’s research
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NewsIndustry alerted over fraud risk surrounding foreign registered vehicle claims
Motor claims for foreign registered vehicle claims have reduced due to Brexit and the Covid-19 pandemic, but fraud concerning these vehicles has continued
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NewsSpike in FOS referrals reveals motor cover is most complained about insurance product – Insurance DataLab
Understanding the make up of complaints will be key in preparing for the regulator’s fair value spotlight, according to data service co-founder
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NewsSharp decline in motor claims following MoJ release of OIC data
For the year as a whole, just under 300,000 motor claims were registered in 2021 compared to 350,000 between June and September the previous year
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NewsNew OIC data reveals only 1% of claims settled
The insurance industry largely welcomes the new Online Injury Claim portal, but it is still early days as the data reveals that 4,331 claimants are unrepresented
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AnalysisMichael Sicsic: FCA’s clamp down on price walking means industry needs to ‘get its act together’
Managing director says the complexity and difficulty of the FCA’s pricing rules may push smaller brokers to seek acquisitions from bigger firms
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NewsTelematics provides one in four of the cheapest motor insurance quotes – Consumer Intelligence
Despite keeping ‘prices affordable’, there is a ‘huge difference’ between costs for certain age groups, says pricing expert
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NewsSabre suffers drop in GWP due to Covid-19 and FCA pricing reform
Profit before tax for 2021 is expected to be below the range of analysts’ forecasts
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NewsCar insurance premiums see biggest annual drop since 2014 - Willis Towers Watson
However, prices could creep up again due to ’the easing of lockdown rules, UK summer staycations and other changed driving patterns’, says Willis Towers Watson consulting lead
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NewsCredit hire company pays defendant’s costs in fundamentally dishonest PI case
The judge found this type of dispute to be ‘a convenient camel for hire companies to ride across the plains’
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IT InterviewRichard King: Ticker soon to become a unicorn amid latest insurtech partnership
Ticker’s founder and chief executive hopes to bring connected insurance to a wider market
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NewsMicromobility and e-scooters fall outside new claims portal criteria
Two law firms relay their concerns about micromobility and e-scooters as the new Highway Code is set to be unleashed
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NewsOne week left to sign up for in-person BrokerFest 2021 conference
Brokers are able to register to attend the one-day event for free
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NewsGhost broking losses amount to £786,700 in 2021 so far - Action Fraud
Students identified as ‘a prime target’ for ghost brokers
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AnalysisBriefing: Size is important when it comes to being resilient to the FCA’s GI pricing reform
Webinar panellists emphasise that firms cannot assume how their customers will behave post-reform, with switching still rife even if consumers are offered lower prices
