Motor
Direct Commercial Limited urges brokers to prioritise early reporting amidst soaring commercial motor claims costs
’The results from the Direct Commercial Broker Barometer highlight a new, pressing need for brokers’ support,’ says claims director
New carbon offsetting-focused motor broker launches in UK market
‘Customers need to be confident the policies they buy are actually helping the environment so they can make an informed decision,’ says chief executive
Insurance Times Awards 2023: GT Motive has ‘disrupted the market in a positive way’
David Vella, executive director at GT Motive, highlights the company’s efforts in the automotive sector as part of their bid for the Claims Partner of the Year award
Motor insurance payouts reach record high in Q3 2023
’These figures highlight how motor insurers deliver when motorists need them the most,’ says director of general insurance policy
As John Lewis pauses EV cover, industry boss reveals why insurers may ‘run scared’ of electric power
’For the moment, EVs are a big problem from an insurers’ point of view,’ says Winn Group executive chairman
Briefing: Is the motor market ready to turn a corner?
The motor sector’s COR has deteriorated due to headwinds such a rampant claims inflation, but could inflation be about to ease?
Insurance Times Awards 2023: LexisNexis Risk Solutions discusses impact of vehicle build data enrichment solution
Andrew Ballard, product principle at LexisNexis Risk Solutions, outlines how the company is seeking to shake things up with its entry in the Challenger of the Year (Insurtech) Award category
How is connected car technology reshaping premiums based on individual driver behaviour?
’As technology advances with connected cars, the accuracy of the personalisation for car insurance premiums will only improve,’ says head of retail specialty trading
DLG-owned Darwin hits customer milestone by ‘doing motor differently’
’What we are doing in insurance is a long-term play, which means slow and steady,’ says founder
John Lewis issues update after EV cover paused
The department store’s lending arm said it had halted offering new policies as well as renewals for EVs earlier this year
Motor insurers need to be ‘flexible and adaptive’ over approach to connected cars
’As more of those vehicles come on the road, it will be obvious what additional risks are and how we need to handle the data, says senior VP
Provenance continues growth in private client sector with new supercar proposition
’This partnership is a natural extension of our commitment to delivering tailored insurance solutions,’ says director
ABI issues IPT plea ahead of upcoming Autumn Statement
’IPT has increased more rapidly than the tax rate applied to alcohol and gambling,’ says association
Direct Commercial launches new portal for brokers in commercial motor market
’Integrating our new portal is the latest step in our continued response to enhance services for brokers,’ says head
Paul Stacy: Market conditions ‘perfect’ for better application of telematics data
’Without these vital ingredients, usage-based insurance propositions are unlikely to deliver reduced claims frequency and improved underwriting performances,’ says chief executive
Recent surge in motor premiums making cover unaffordable for UK drivers
’It is concerning that one in four drivers are struggling to afford cover,’ says managing director
Aviva warns insurers of telematics challenge that connected cars could present
’This connectivity is not just a technological advancement – it represents the future of motor insurance as well,’ says head of retail specialty trading
The most complained about products in UKGI
Insurance DataLab analyses the latest ombudsman complaints data to find out which product lines – and which insurers – are receiving the most complaints from consumers
Motor insurance prices rise at record pace – but is ‘stabilisation’ in sight?
’The upcoming months will reveal whether this trend materialises,’ says director of insurance pricing
Safely Insured announces switch to smartphone telematics
’While a number of insurers have stepped away from young driver insurance in recent months, we remain fully committed to this market ,’ says personal lines director
The Insurance Times Five Star Rating Report is the first at-a-glance guide to insurer experience, created for brokers by brokers.
The ratings distil the key findings of the well-established Broker Service Survey into an indispensable tool to help brokers select the right insurer for their clients. Insurers are rated on the experience they offer to brokers using an easy to understand Five Star system, with the best insurers in the market receiving a coveted Five Star rating.
View the 2023 Personal Lines Report
