Personall Lines
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Period homes cost over double modern counterparts to insure
‘People living in a period home, or those considering purchasing one, should be aware of the potentially higher insurance premiums that typically come with owning an older property,’ says expert
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One in six motorists admit lying to cut insurance bills
‘It’s clear from our research that some motorists are taking drastic actions in an effort to try and reduce their costs,’ says chief executive
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Covéa Insurance plans to re-enter EV insurance market in 2025
The underwriter first pulled back from insuring fully electric vehicles as part of its relationship with retailer John Lewis in 2023 after getting cold feet about repair costs
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UK insurtech raises $90m in latest funding round
‘Our ambition is to become a one-stop-financial-shop for newcomers, so they feel as though it’s easy to move to, and live in, a different country,’ says co-founder
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Covéa collaborates with brokers on data sharing and risk management – Georges de Macedo
Chief executive emphasises that ‘good relationships with brokers’ is ‘very important’ for the insurer
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Pet insurance premiums continue to rise
‘This month’s figures highlight the nuanced nature of pet insurance pricing,’ says product manager
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Ageas UK is ‘very interested’ in embedded insurance – Ant Middle
The personal lines insurer is exploring new embedded product propositions ‘right now’ as chief executive believes this model is ‘really important to the future development of our business’
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Fraud on the rise as Aviva reports fake claims up 14% in 2024
‘Investment in advanced analytics, machine learning models and continuous training for our people has significantly improved our fraud detection rates,’ says counter fraud leader
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Crash for cash scheme lands Bradford man in prison for two years
’Higgins thought he could take his insurer for a ride and defraud it out of a significant sum of money. Fraudulent claims like this push up the cost of insurance premiums for honest policyholders,’ says detective constable
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Car and home insurance customers save £100m as instalment costs fall
Consumer Intelligence suggest the fall was ’driven by increasing competition and regulatory pressure’
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Ardonagh posts 24% increase in income for 2024
Last year ’was a coming of age for Ardonagh,’ says group chief executive
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Motor market currently ‘at about the softest point in the cycle’ – Geoff Carter
‘Our view is that the market is substantially underpriced on new business at the moment – the pendulum has swung too far,’ says chief executive
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Insurers ‘aren’t promoting’ telematics enough to consumers
’The richness and relevance of telematics data remain invaluable to insurers committed to fair pricing and improved road safety,’ says head
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Revealed: Insurance Times Claims Excellence Awards finalists 2025
The awards are designed to recognise the best and brightest in the UK insurance claims sector
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Ageas UK extends home cover partnership with Post Office for further five years
Chief executive describes deal as ‘strong example’ of the insurer’s ‘deep partnership DNA’
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Insurers must prepare for the ‘messy middle’ of journey towards autonomous vehicles – Zego’s Sten Saar
’These are challenges to immediately start thinking about solving – because that’s where the winners and losers in auto insurance will be defined,’ says chief executive
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Full Five Star Rating Report: Commercial and Personal Lines 2024/25 is now available
Insurance Times reveals full insurer rankings on service across both commercial and personal lines, with 16 insurers included in 2025’s final report
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Sabre posts COR of 84.2% for 2024
’We grew strongly in the first half of the year when market conditions were attractive and we maintained our strict underwriting discipline despite a steep decline in market prices during the second half,’ says chief executive
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Pet insurance premiums see modest rise
’The steady rise in pet insurance premiums in February marks a shift from the more pronounced declines we saw last year,’ says product manager
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FCA signals potential ‘industry-wide redress scheme’ for motor finance commissions
’Under a redress scheme, firms would be responsible for determining whether customers have lost out due to the firm’s failing,’ says regulator