Motor – Page 37
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NewsZego teams up with energy giant for EV service offering
The partnership aims to increase the use of electric vehicles in the ride-hail sector
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NewsAdmiral Group predicts higher than expected pre-tax profits for H1 2021
Admiral hopes to return £400m to its shareholders via special dividends following the sale of Penguin Portals completing in April
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NewsCar insurance premiums plummet 8.4% in the past 12 months – Consumer Intelligence
Data insight firm attributes downward trend to telematics products and regulation
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NewsInsurers brace for claims as spike in e-scooter accidents reported
Admiral believes current reported e-scooter accident numbers are the ’tip of the iceberg ’
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NewsIFED cracks down on insurance ghost broking with seven arrests
The IFB’s head of intelligence and investigations said ghost brokers ’are not afraid to take advantage of the financial hardship so many drivers are facing right now’
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NewsEsure Group secures five-year partnership with Minster Law
Part one of the whiplash reforms, which launched on 31 May, ‘is an opportunity to iron out poor practises and simplify the claims journey’ says esure chief claims officer
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NewsSabre Insurance chiefs sell shares
Both c-suite executives made £10,968.62 by disposing of shares
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FeaturesBrokers set to be ‘squirming’ as FCA fixates on product value
Large insurers and price setting brokers ’have got a lot of work to do’ ahead of the GI pricing reform implementation deadlines, says compliance expert
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FeaturesBriefing: Fair value ‘fault line’ underpins FCA’s GI pricing proposals
The FCA may have ‘unleashed the concept’ around fair value, but now firms have to interpret this and embed it within their business practices, which isn’t an overnight job
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NewsInsurance industry backs EC decision to scrap Green Card requirement for UK drivers
The ABI, MIB and Biba have welcomed the news after long campaigning for it to be scrapped
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NewsMotorsports to become exempt from EU’s Motor Insurance Directive
The first formal proposal to revise the MID in motorsport’s interests came in 2018
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NewsFord teams up with By Miles to create pay-as-you-drive proposition
The new product, which launches later this year and requires no hardware changes, aims to save drivers money on their premium
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NewsProposal for ePrivacy Regulation could hamper telematics insurance
The updated regulation ’should include a legal basis for the collection of data from terminal equipment’ added law firm partner
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News77% of motor insurers need to evolve policies to reflect driving behaviour – By Bits
Around 90% of drivers aged 35 and above want more transparency in pricing for motor insurance
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News‘Risk exposure changes’ driven by changing Covid-19 lockdown measures – IFoA
The Institute and Faculty of Actuaries (IFoA) has highlighted a further challenge for general insurance pricing - how ongoing lockdowns should be considered within risk rates going forward
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NewsIndustry braces for claims as catalytic converter thefts surge by over 100%
The AA’s president says ’modern cat burglars stealing and selling cats for cash are part of a criminal chain’ following the insurer experiencing a rise back in April
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NewsCovéa Insurance and Vitality incentivise better driving with new car insurance offering
The product will incentivise and reward good driving, as well as green choices made by motorists
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NewsNuvalaw launches to UK market following successful pilot programmes
The claims resolution business is ready to ‘fill the void of the lack of ADR’ in the Official Injury Claim portal
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IT InterviewJeffrey Skelton: Industry could be entering ‘renaissance period’ for new insurance products
Plus, the FCA’s general insurance pricing reform has encouraged brokers to use data enrichment at renewal to ensure prices are ‘accurate’ says Europe MD
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NewsCrash for cash scams still ‘a strategic priority’ as lockdown offers organised fraud opportunity
Crash for cash fraud is ‘still alive and well’ despite the Covid-19 pandemic meaning Brits are driving less, said expert industry panel
