Motor – Page 52
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NewsGovernment’s plan to reverse EU Vnuk law – risky or ‘positive development’ for insurance?
With the UK government planning to scrap the Vnuk law, what does this mean for the insurance industry’s plans to cover micromobility, such as e-scooters? Insurance Times finds out
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News AnalysisL&G acquisition offers ‘really good opportunities for future growth’ says LV=GI boss
Plus, the FCA’s proposed changes around pricing will mark ‘a significant change event’ for personal lines insurers says LV=GI chief executive
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NewsMotor insurance premiums predicted to fall by up to 10% in 2021 – PWC
Home insurance premiums are also expected to decrease by 4% to 8%, says the professional services firm
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NewsFraudster to be sentenced at Crown Court for failing to disclose information to broker
The 49-year-old man has been charged with ‘dishonestly failing to disclose information to make a gain for himself’
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NewsIrish policyholders aged over 70 experience ‘inflated premiums’ for motor insurance
Insurance broker reveals ‘staggering price differentials’ for individuals aged over 70 in Ireland
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NewsMotor injury claims fall by 23% year-on-year due to Covid-19
Overall, claims fell by 47% last year across motor, employers’ liability, public liability and clinical negligence claims
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NewsMotor claims costs predicted to rise due to complex repairs – Fitch Ratings
The ‘one-off benefit’ from reduced claims frequency in 2020 may continue for the first half of this year too, however it won’t be as large as last year
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Sponsored ContentTracking 2020's car insurance pricing movements and what to expect in 2021 – Pearson Ham
Stephen Kennedy, Pearson Ham’s director of insurance pricing, gives Insurance Times his take on car insurance pricing movements and his predictions for the year ahead
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NewsFCA fair pricing report will ‘reduce profitability’ for insurers – Fitch Ratings
Furthermore, the home insurance market will be more affected than motor insurance as around ‘80% of premiums comes from renewal business’
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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
