Motor – Page 33
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NewsNew OIC data reveals only 1% of claims settled
The insurance industry largely welcomes the new Online Injury Claim portal, but it is still early days as the data reveals that 4,331 claimants are unrepresented
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AnalysisMichael Sicsic: FCA’s clamp down on price walking means industry needs to ‘get its act together’
Managing director says the complexity and difficulty of the FCA’s pricing rules may push smaller brokers to seek acquisitions from bigger firms
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NewsTelematics provides one in four of the cheapest motor insurance quotes – Consumer Intelligence
Despite keeping ‘prices affordable’, there is a ‘huge difference’ between costs for certain age groups, says pricing expert
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NewsSabre suffers drop in GWP due to Covid-19 and FCA pricing reform
Profit before tax for 2021 is expected to be below the range of analysts’ forecasts
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NewsCar insurance premiums see biggest annual drop since 2014 - Willis Towers Watson
However, prices could creep up again due to ’the easing of lockdown rules, UK summer staycations and other changed driving patterns’, says Willis Towers Watson consulting lead
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NewsCredit hire company pays defendant’s costs in fundamentally dishonest PI case
The judge found this type of dispute to be ‘a convenient camel for hire companies to ride across the plains’
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IT InterviewRichard King: Ticker soon to become a unicorn amid latest insurtech partnership
Ticker’s founder and chief executive hopes to bring connected insurance to a wider market
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NewsMicromobility and e-scooters fall outside new claims portal criteria
Two law firms relay their concerns about micromobility and e-scooters as the new Highway Code is set to be unleashed
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NewsOne week left to sign up for in-person BrokerFest 2021 conference
Brokers are able to register to attend the one-day event for free
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NewsGhost broking losses amount to £786,700 in 2021 so far - Action Fraud
Students identified as ‘a prime target’ for ghost brokers
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AnalysisBriefing: Size is important when it comes to being resilient to the FCA’s GI pricing reform
Webinar panellists emphasise that firms cannot assume how their customers will behave post-reform, with switching still rife even if consumers are offered lower prices
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NewsMinster Law buys Irwin Mitchell’s fast track personal injury business in ‘perfect’ deal
The deal kickstarts the ‘inevitable’ post-reform consolidation of the personal injury market, says law firm chief executive
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NewsIndependent broker partners with ThingCo for first telematics propositions
This is the eighth broker partnership the telematics insurtech has made in 10 months
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FeaturesFraud Charter: Online Injury Claim portal could be ‘fraud hotbed’ but figures down
The data from the new OIC portal could be a ’real positive’ for the insurance industry, but it needs to be handled with care
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AnalysisGreen parts strike environmental and economic gold – so why are insurers holding back?
As the UK focuses on minimising CO2 emissions, the insurance industry can contribute and ’reset the goalposts’ around repair processes and parts manufacturing
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FeaturesBriefing: Incoming Highway Code changes signal ‘potential growth area for fraud’
The ‘perfect storm’ of vulnerable road user claims falling outside of the OIC portal and a general lack of awareness around the proposed rule changes could create a new ‘target area’ for fraudsters
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NewsVehicle car leasing service warns of click-to-call Google spoofing scams
The IFB, IFED and the ABI have issued a warning about click-to-call scammers misrepresenting insurers
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IT InterviewQ&A: Brokers can work smarter by using data enrichment – LexisNexis Risk Solutions
Carla McDonald, senior vertical market manager at LexisNexis Risk Solutions, tells Insurance Times about the importance of standardising advanced driver assistance systems (ADAS) to help analyse claims
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NewsCyclist alleges Aviva is dawdling with claims payment – despite driver admitting liability
The insurer has promised to ‘conclude this matter as quickly as possible’ as claimant reveals exhaustion at lengthy delays and frustration that ‘no one in this process seems to give a toss’
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NewsEx-Munich Re director joins Ticker as new chief operating officer
Ticker’s founder and chief executive shares ’strong beliefs’ with the new recruit about how a startup should grow in the insurtech sector
