MOTOR – Page 3
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News
US-owned Trawick International acquires controlling stake in UK-based broker
’Trawick is in an unprecedented period of expansion,’ says president and chief executive
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Handl Group targets divisional managing director recruitment following 77% turnover growth
The organisation aims to forge new synergies between its brands thanks to the creation of three new divisions
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News Analysis
Briefing: What next after Gap?
The FCA’s latest target could be the start of more to come
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Consumer Intelligence confirms 2024’s winning insurers in home and motor markets
’We pride ourselves on recognising the companies that truly excel,’ says head of marketing
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News Analysis
Motor insurance pricing cycle ‘close to a point of softening’
Insurance industry experts speak exclusively to Insurance Times about navigating big pressures in the motor market and what can be expected in 2024
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Insurers agree to suspend Gap sales after FCA investigation
’In its current form it does not offer fair value and we want to see improvements,’ says executive director
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More young drivers want telematics policy for environmental benefits
’Environmentally conscious driving doesn’t just lead to lower premiums, but also lower fuel costs and slower driving speeds,’ says chief executive
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Harry Franks leaves Zego for ‘personal reasons’
Zego says Franks still gives ‘ongoing support’ to the insurtech
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Van insurance prices see highest annual increase in six years
’Premiums for the younger end of the market remain considerably higher,’ says analyst
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Prices rise across personal lines sector in January 2024
’How long this will continue to remain is difficult to determine,’ says director
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News Analysis
Insurers told to have greater EV focus to avoid risk of political issues
’The insurance market has to [insure EVs] because if firms don’t, it will become a political issue,’ says chief executive
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News
Government of Gibraltar and Insurtech UK renew Statement of Intent deal
’We remain committed to supporting our insurtechs on their authorisation journey,’ says chief executive
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News
Claims costs crank up motor premiums by 12% between 2023’s Q3 and Q4
Trade association confirms that motor insurance premiums have accelerated 34% year-on-year
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News Analysis
TechTalk: Gibraltar making moves to attract innovation
The British overseas territory has been evolving as an insurance ‘centre of excellence’ with a fantastic support network for insurtechs, but is keen to diversify away from its most dominant line of insurance
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‘Changes’ in motor market offer ‘exciting’ opportunities for industry
ABI director believes that reducing insurance premium tax could ’immediately help’ the affordability of motor premiums
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News
Insurers warned as personal injury motor claims fall to record low
’The insurance industry cannot now claim that lower-value personal injury claims are responsible for rising motor premiums,’ says executive director
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News Analysis
In Focus: Bumps in the road ahead for environmentally-friendly motor policies
There is a ’big challenge’ when attempting to offer ’decent prices’ on environmentally-friendly motor policies, says chief executive
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News
ERS to use more data to support brokers through new deal
’As a broker only insurer, it is important that we do all we can to support our partners,’ says active underwriter
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News
Clayden to step down as MIB chief executive
A new chief executive will be announced in due course
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News
Qover launches motor insurance solution in UK
’By entering the UK, we are well-positioned to extend our innovative solutions,’ says chief executive