Motor – Page 12
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News AnalysisInsurers 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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NewsGovernment 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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NewsClaims 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 AnalysisTechTalk: 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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News‘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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NewsInsurers 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 AnalysisIn 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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NewsERS 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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NewsClayden to step down as MIB chief executive
A new chief executive will be announced in due course
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NewsQover launches motor insurance solution in UK
’By entering the UK, we are well-positioned to extend our innovative solutions,’ says chief executive
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NewsLV=Broker to rebrand as Allianz expands presence in UK motor and home markets
The business has started communicating to its brokers about the move
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NewsAverage cost of UK motor premiums soar to just under £1,000
’The cost of car insurance spiralled in 2023 primarily due to the soaring price of used cars,’ says UK head
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NewsCBPF inks partnership with The Green Insurer
’We take great pride in understanding the industry challenges both brokers and customers face,’ says director of personal lines
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News AnalysisBriefing: Public pressure could see Biba’s IPT demands finally fulfilled
With an election rearing its head and major political parties keen to win over voters, insurance premium tax could be due a cut
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NewsMotor premium inflation slows in Q4 2023 despite some brands escalating prices ‘at much higher level’ than average
’The anticipated decline in motor insurance pricing seems to have been reached,’ says director
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NewsCDL cements ESG strategy after green insurtech launches on platform
’CDL has long been committed to reducing its environmental footprint as part of our ESG strategy,’ says chief executive
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NewsRising motor costs prompting UK drivers to give up vehicles
’Driving habits are changing across the UK as consumers look to cut down on unnecessary journeys,’ says chief executive
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NewsReinsurer behaviour towards UK motor market ‘mixed’ at 1 January renewals
’The reinsurance cost per car on the road has increased,’ says broker
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NewsJLR reveals new insurance solution for Range Rover clients struggling to get cover
’Customers of luxury cars and other luxury items are experiencing an increase in thefts due to organised criminal activity in the UK,’ says spokesperson
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NewsThe Green Insurer forms new partnership after recent launch
‘We are looking forward to a long and collaborative partnership together,’ says chief executive
