MOTOR – Page 4
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People & OpinionInsurance prices remain uncertain following FCA rule change – Pearson Ham
Stephen Kennedy, director of insurance pricing at Pearson Ham, reviews how the FCA’s general insurance pricing reform is bedding in after coming into force from 1 January 2022
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Latest News
ERS premiums and COR hit by Covid-19
Underwriter confident of disciplined underwriting strategy despite results dip
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Latest News
Aviva launches online only car cover that commits to offset customers’ carbon emissions
The proposition has ‘a strong focus on renewability and sustainability’ says UKGI chief executive
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Latest News
FCA’s fair value set to impact new business for insurers – GlobalData
Data and analytics firm believes that there is ‘good evidence’ that FCA’s fair value regulations have affected insurers pricing strategies already
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Latest News
Home and motor premiums experience ‘stark’ uptick following FCA rule change
Market research firm finds that premiums in these lines of business have experienced the biggest one-month jump in eight years as a result of the FCA eliminating price walking
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Insight
Changes to the Highway Code set to cause ‘absolute chaos’ for commercial fleet drivers
Brokers will be at the forefront when it comes to educating the public about the changes, while insurers will need to watch out for fraud
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Latest News
Marmalade adds Ageas UK to black box insurer panel
While the current economic climate drives up motor insurance demand, the deal aims to ensure ‘more comprehensive and cost effective policies for young drivers insuring their own car’, says chief executive
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Insight
Briefing: Are medical reports the latest snag in the OIC portal process?
Are medical reports behind the noted uptick in psychological injuries being added to whiplash claims and are firms deliberately delaying issuing claimant medical reports to save costs?
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Latest News
Synetiq signs green parts contract with personal lines insurer
The ‘significant’ expansion of the firms’ partnership ‘underlines the importance of working together to drive cost savings and reduce emissions’, says chief executive
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Insight
Motor market back in black as claims fall
Insurance DataLab unpicks underwriting in the motor insurance market, flagging the financials of successful firms that have weathered pandemic and regulatory-induced trends
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Latest News
High Court still to determine damages following Marshmallow and Mulsanne judgment
The judge ruled that ’Marshmallow was conscientiously trying to avoid the use of Mulsanne material’ despite insurer’s trade secret theft claim
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Latest News
ThingCo expands into Northern Ireland with new broker association deal
The agreement marks the insurtech’s first move into Northern Ireland
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Latest News
End of dual pricing ‘calls time’ on unfair customer treatment – Honcho
The insurtech’s chief executive says the regulation marks a ‘new dawn’ and ’a whole new era across personal lines’
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Latest News
BGL Insurance adds Arch Re-owned MGA to insurer panel
Following the MGA’s acquisition last year, BGLI’s associate director believes now is the ‘ideal opportunity’ to link up
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Insight
Law Commissions’ report relieves ‘major sticking point’ in autonomous driving liability debate
The report’s recommendations provide clarity on driver accountability, but some industry commentators believe there is still more to discuss
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Latest News
Motor insurance premiums hit six-year low in 2021 – ABI
The average premium paid for comprehensive motor insurance in 2021 was £434, yet trade association predicts premium uptick amid insurer cost pressures
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Latest News
By Miles makes several senior hires to build c-suite
The insurtech has grown its headcount after benefiting from post-pandemic consumer demand for pay-per-mile motor cover
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Insight
FCA’s pricing rule change means 2022 is brokers’ ‘time to shine’
A service driven market centred around fair value, rather than price, could mean 2022 is brokers’ ‘time to shine’, despite product governance compliance being ‘one of the biggest challenges’ for broking firms
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People & Opinion
Carpenters Group: Official Injury Claim portal review should be wider
Carpenters Group director Donna Scully lays out what she feels should be the next steps in improving the usage of the OIC portal
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Latest News
Sam White reveals corporate psychologist as new Freedom Services Group chief executive
Incoming boss seeks to provide ‘therapy for the whole business’ to eliminate organisational obstacles, says White
