Motor – Page 44
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NewsTrõv partners with NIG underwritten electric car rental service for London fleet proposition
The partnership will see the two firms manage risk more effectively for electric cars
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NewsMarkerstudy Group reveals £200m investment
Markerstudy Group will use this investment to deliver a sustainable growth programme through a combination of organic and acquisition-led expansion
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NewsTesco Bank to underwrite its motor and home insurance book in-house
All policies currently underwritten by a panel partner will continue without change until the customer renews
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NewsAvid beefs up new GAP and ancillaries division with ex-Mapfre lead
The new division hopes to launch in March but the new recruit will begin next month
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NewsIndustry experts raise insurance implications after first woman convicted of e-scooter drink driving
A 20-year-old woman in Newport, Isle of Wight was found to be nearly three times over the legal limit of alcohol while driving an e-scooter, industry experts debate the insurance implications
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NewsThingCo secures van broker partnership
The insurtech hopes to make improve safety on the roads and reduce insurance costs
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NewsBetter technology in cars will not cause blanket claims inflation – Ageas
As more sophisticated technology becomes commonplace in cars, the cost of repair will fall in the long-term, predicts the insurer’s claims director
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IT InterviewCustomer engagement set to be boosted by greater use of digital and AI, says Ageas claims director
With the Covid-19 pandemic accelerating both customer and staff comfort in using digital communications and processes, insurer and customer engagement is expected to go up a notch in 2021, predicts UK claims boss
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NewsTrust in travel insurers drops due to Covid-19 pandemic
Meanwhile motor claims reduced by 48% in Q2 2020
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NewsLiP portal delay is ‘rare bit of good news’ say insurers
Regardless of the launch date, there are still likely to be ‘teething problems’ – embedding the new system will therefore be a priority for insurers
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News AnalysisInsurers must ‘adjust reserves accordingly’ as PI ruling will ‘significantly add’ to claims costs
The Swift v Carpenter ruling set the bar for accommodation costs in personal injury cases involving a long life expectancy and low interest rates, but what is the financial domino effect on insurers? Insurance Times takes a closer look
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NewsCar insurance premiums on the rise after 2020 dip – MoneySuperMarket
The comparison site attributes the increase to looser lockdown restrictions in Q4 2020
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NewsOpportunity around green parts is ‘too big to miss’ says Ageas UK claims director
The impact of the Covid-19 lockdowns last year enabled green parts to step up to the plate and fill distribution gaps in repair supply chains
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NewsQuarter of a billion worth of claimant damages stuck in litigation process – Zurich
Road traffic accident claimants are having to wait for more than a year before being heard in court, finds the insurer’s analysis
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NewsNew motor MGA sets sights on high premium drivers
Hedgehog aims to provide cheaper car insurance for those more susceptible to higher premiums
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NewsDeloitte: Legal reforms in motor will spark M&A
Consolidation has been predicted among brokers, law firms and CMCs as a result of the LASPO Act
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NewsAgeas defeats £100,000 personal injury fraud case
Investigation revealed false claim four years after crash
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NewsInsureTheBox launches in-house telematics platform
Telematics provider takes driver data in-house in adaptability drive
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NewsFailed Drive Assist owes millions to Swinton, Aviva and Esure
Failed credit hire company’s debts exceed assets by £43m
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NewsAXA Assistance extends partnership with Footman James
Breakdown recovery firm provides new smartphone app to classic car broker
