Motor – Page 36
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NewsDirect Line completes ‘heavy lifting’ of technology transformation
The insurer’s chief exec says transformation is ‘not just about tech’, but pairing it with the right cultural mindset
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NewsDirect Line’s profits return following pandemic-stricken motor market hit
Its gross income from car insurance premiums fell by 6.2% in the first half of 2021 due to fewer cars on the road, yet chief exec says the firm is ’entering the second half of the year with ambition and confidence’
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NewsOIC portal has had ‘troubled start’ – Sabre Insurance
Chief executive believes part one of the whiplash reforms have so far been ‘clunky’, ‘complicated’ and ‘much more difficult’
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NewsAgeas to offer Sainsbury’s Bank customers motor insurance
The move signals the insurer’s ‘commitment to our chosen market of personal lines’, says chief distribution officer
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NewsLoyal customers to benefit from FCA’s price walking ban
Uncertainty in the market around what will happen following the FCA’s price walking ban remains, but car insurance premiums are now the cheapest they have been since 2016
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News AnalysisBrokers could play a ‘significant role’ in tackling ghost broking
As reported losses for ghost broking victims being higher for younger people who are often targeted via social media according to Action Fraud, brokers could play a crucial role in stamping out this crime
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NewsMotor insurance pricing drops 5% in three months – Pearson Ham
‘Cashing in’ could be a potential strategy for insurers ahead of the FCA’s pricing remedies coming into force
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NewsRight Choice chooses ThingCo for new telematics partnership
As personalised insurance increases in demand, the broker has ’firm ambitions to grow our telematics book of business’
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FeaturesOIC portal ‘does not work as well’ as previous MoJ process for whiplash claims
Insurance Times speaks to industry commentators on the early trends that are arising following the Official Injury Claim portal’s launch at the end of May
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NewsSabre Insurance to launch flexible motor insurance product in H2
The insurer has plans to make the new product available for its 1,000 UK broker partners too
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NewsSabre sees dip in GWP for 2021’s H1 as pandemic ramifications continue
However, the insurer’s chief executive has ‘cautious optimism’ as the firm records portfolio growth of 2.8% between 2021’s Q1 and 30 June
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NewsBogus car insurance broker sentenced after pocketing almost £18k
The fraudster was also behind a dissolved broker advertising insurance services for private clients
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NewsUK car insurance premiums face biggest drop in over five years
The personal lines industry is ‘braced for one of the most turbulent times in its history’ thanks to sector-wide regulation changes
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FeaturesBriefing: Why Admiral continues to be the darling of UK insurance stocks
Described as a ’golden nugget in muddy water’, is Admiral the shareholder gift that keeps on giving?
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NewsThatcham Research launches EV training programme ‘essential’ to future success of insurance
EV registrations are rising sharply and Thatcham Research believes adoption will continue to increase
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NewsIFB backs calls for government to include online ads in Online Safety Bill
The ABI has joined the IFB in asking the government to include online ads in the bill
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NewsLockdown lifting set to spark crash for cash induced collisions – Ageas
The insurer’s claims director says that as lockdown has made it harder for these scams to occur, there could be a spike when restrictions lift
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NewsTempcover scoops new partnerships director from Zego
The hire plans to collaborate with the broker market
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NewsPandemic-stricken vehicle mileage sees biggest drop since 1994 - ACSO
The consumer body is urging insurers to ‘cut the cost of car and van insurance for UK motorists and treat their customers fairly’
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NewsLondon named as UK’s car theft claims hotspot – Co-op Insurance
Lambeth topped the list in London, with Kensington and Chelsea coming in second
