Motor – Page 10
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News
John Lewis pauses offering EV cover after underwriter decision
’Our underwriter has temporarily paused offering new policies and renewals,’ says lending arm
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IT Interview
Ant Middle: Ageas has planted its flag firmly in personal lines brokered business lines
’We are a business that only succeeds if we can succeed with brokers,’ says Ageas chief executive
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News
Warning issued as some insurers remove windscreen cover from policies to cut costs
’If drivers don’t have this popular cover, they risk footing a hefty bill,’ says managing director
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News
Over 80% of brokers worried about capacity levels in commercial motor
’We must all continue to focus on incremental improvements to manage the challenges we all face,’ says deputy chief executive
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News
FCA slammed as ‘irresponsible’ after Gap insurance warning
’This latest warning barely recognises the hard work online providers do to provide reliable and honest coverage,’ says managing director
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News Analysis
Briefing: FCA comes out swinging for insurance outliers
The regulator has placed Gap insurance firmly in its crosshairs – but that is no let off for the wider sector
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News
‘Totally unacceptable’ – reaction after justice committee releases OIC report
’Overall, it has been an inauspicious start to life for the OIC,’ says executive director
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News
FCA issues fair value warning as it slaps Gap insurance providers with ultimatum
’This is an early signal of the work we’ll be doing under the Consumer Duty,’ says director of insurance
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News
MPs demand answers amid ‘growing’ backlog in OIC portal and rising premiums
The justice committee has published its findings after calling for evidence on the impact of whiplash reforms
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News
Direct Line Group reveals plans after launching motor ownership app Caha
’This is the beginning of a material shift as we seek to meet more of our customers’ needs more of the time,’ says director of partnerships and ecosystems
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News
Chubb launches lithium battery insurance proposition
The insurer says it has made the move to address a lack of capacity in the marine cargo market
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News
Premiums for drivers with vehicles under £10,000 soar by nearly 40% in a year
’The costs of repair, replacement and labour have risen significantly, impacting both insurers and motorists,’ says director of insurance pricing
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News
Insurers warned as motor and building insurance complaints hit five-year high
’Where these complaints are driven by insurers delaying paying out on claims, that’s unacceptable,’ says chief executive
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News Analysis
Briefing: Are motor insurers ready to focus investment on electric power?
New research shows that ownership of electric vehicles is on the rise, but can insurers can keep pace with the change?
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IT Interview
Tom Lawrie-Fussey Q&A: Insurers need ‘more granular data’ on vehicles’ history
’We are seeing a real hunger from insurance providers,’ says senior director of product management
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News
Policy Expert ‘broadening’ distribution relationships after ‘best month’ for renewals
’We’re laser focused on continuing to grow our market share,’ says executive chair
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News
Direct Line Group posts COR of 106.4% for H1 2023
The insurer made an operating loss of £94.4m across the most recent period
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News
Vast majority of motor insureds worried about premium rises – ALA Insurance
’2023 will undoubtedly be tough for consumers and insurers alike,’ says head of UK general insurance
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News
Travel insurance leads personal lines for potential growth
’This growth in annual travel insurance is reflective of a growing confidence and for many, a return to their normal calendar of travel,’ says chief executive officer
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News
Motor insurance payouts surge faster than premiums in Q2 – ABI
’Motor insurers continue to deliver when motorists and personal injury claimants need them the most,’ says manager general insurance