Motor – Page 25
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NewsAverage annual motor insurance premium up by £5 in Q2 2022 – ABI
Motor insurers are facing cost pressures, but they remain committed to keeping cover as ’competitively priced as possible’, says general insurance manager
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NewsAgeas bolsters distribution team with senior appointment
The new hire previously worked at Aviva in a series of senior roles
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NewsRegulation and inflation ramp up van insurance costs by 13.6% in H1 2022 – Consumer Intelligence
Average premium prices are now at their highest point since the market research firm started collecting data in April 2014
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AnalysisBriefing: Hard times for DLG, Admiral and Sabre – what are the shareholder challenges?
Claims inflation has hit the motor insurance market hard, but what does this mean for the sector’s largest players and their shareholders?
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NewsDirect Line Group sees profits tumble as ‘unique combination’ of factors impact market
The insurer has posted a loss ratio of 65.1% for H1 2022
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IT InterviewHelena Kazi: The entrepreneur striving to be a ‘very strong player in gig economy insurance’
Insurtech Giganomics, which is currently conducting a seed funding round, aims to provide a ‘full suite of products’ for an ‘underserved market’
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NewsPersonal injury motor claims continue to decline, says government’s CRU data
Nearly a quarter of a million claims have ‘disappeared’, according to executive director
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NewsPolicy Expert appoints new chief financial officer
The new hire succeeds Paul Gildersleeves, who was employed by the firm for more than 10 years
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AnalysisBriefing: FCA must focus next on customers’ expectation gap following dual pricing ban
Consumer group managing director calls expectation gap the ‘number one problem in insurance’, over and above ‘sideshow’ price walking that the FCA has been focused on
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NewsACSO calls for mandatory insurance of e-scooters
The association has laid out a 10-step plan for the effective and safe legalisation of the micromobility vehicles in the UK
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NewsLack of communication from insurers leading to missed savings for motor insureds – Redtail Telematics
Only 4% of survey respondents had been informed of how telematics products can reduce premiums, according to the firm’s latest survey
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NewsAverage UK car insurance premiums soar by 6% over last 12 months – WTW
Motor insurance premiums remain ‘fairly low by historical standards’, says head of pricing
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NewsElectric vehicle increase strikes fear into motor industry and its supply chains
Insurers need to ‘fundamentally change how they price, underwrite, insure and service’ electric vehicles, says credit hire firm managing director
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AnalysisHoncho pivots into B2B embedded insurance
The insurtech hopes to support insurers as price comparison website charges soar
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News‘No doubt’ that OIC reforms have failed motor customers – Carpenters Group director
’It is completely unacceptable that consumers should have to wait so long for an effective system’, she adds
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NewsSabre posts COR of 98.9% as UK inflation reaches ‘historic highs’
The insurer also recorded a £13.6m increase in GWP year-on-year
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NewsInflation rate for motor claims settled in 2021 reached 6.2% – WTW
Average claims settlement times in Q1 2021 were two months longer compared to the same period in 2019, says the broker
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NewsCopart UK acquires Ageas’ green parts provider
The firm says the deal is an ‘important additional service’ as ESG demand fuels recycled car parts growth
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NewsNewest OIC performance data show continued decline in claims
The portal is also ‘failing’ to provide access to justice as average settlement times are increasing, according to ACSO executive director
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Sponsored ContentRate increases must be expected as inflation bites – Pearson Ham
Stephen Kennedy, director of insurance pricing at Pearson Ham, explains recent pricing movements in the motor and home insurance markets
