Motor – Page 21
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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
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NewsMotor premium spike drives motorists to travel uninsured
‘Not only are uninsured motorists risking fines and the loss of their vehicles, but they will be unable to turn to an insurer for help in the event of an accident with another party,’ says chief executive
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News AnalysisIn Focus: Metadata knowledge key as scammers turn to AI for motor damage fraud
’That has been quite a big change in the motor landscape,’ says fraud risk and technical manager
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NewsMotor insurance complaints continue to rise despite FOS warning
’What’s clear is that whatever the perceived issue, firms need to ensure they are treating customers with transparency and fairness,’ says chief executive
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NewsHowden Driving Data appointed by broker to provide telematics solutions
’The collaboration with such a well-known and innovative brand is highly valued by Howden Driving Data,’ says managing director
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NewsDirect Commercial Limited urges brokers to prioritise early reporting amidst soaring commercial motor claims costs
’The results from the Direct Commercial Broker Barometer highlight a new, pressing need for brokers’ support,’ says claims director
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NewsNew carbon offsetting-focused motor broker launches in UK market
‘Customers need to be confident the policies they buy are actually helping the environment so they can make an informed decision,’ says chief executive
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IT Awards 2023Insurance Times Awards 2023: GT Motive has ‘disrupted the market in a positive way’
David Vella, executive director at GT Motive, highlights the company’s efforts in the automotive sector as part of their bid for the Claims Partner of the Year award
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NewsMotor insurance payouts reach record high in Q3 2023
’These figures highlight how motor insurers deliver when motorists need them the most,’ says director of general insurance policy
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News AnalysisAs John Lewis pauses EV cover, industry boss reveals why insurers may ‘run scared’ of electric power
’For the moment, EVs are a big problem from an insurers’ point of view,’ says Winn Group executive chairman
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News AnalysisBriefing: Is the motor market ready to turn a corner?
The motor sector’s COR has deteriorated due to headwinds such a rampant claims inflation, but could inflation be about to ease?
