MOTOR – Page 26
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NewsBy Miles makes several senior hires to build c-suite
The insurtech has grown its headcount after benefiting from post-pandemic consumer demand for pay-per-mile motor cover
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AnalysisFCA’s pricing rule change means 2022 is brokers’ ‘time to shine’
A service driven market centred around fair value, rather than price, could mean 2022 is brokers’ ‘time to shine’, despite product governance compliance being ‘one of the biggest challenges’ for broking firms
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Sponsored ContentCarpenters Group: Official Injury Claim portal review should be wider
Carpenters Group director Donna Scully lays out what she feels should be the next steps in improving the usage of the OIC portal
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NewsSam White reveals corporate psychologist as new Freedom Services Group chief executive
Incoming boss seeks to provide ‘therapy for the whole business’ to eliminate organisational obstacles, says White
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NewsManifesto 2022: Biba urges Road Traffic Act amendment post-Brexit
Changing the Road Traffic Act could save UK motor insurance policyholders £50 each
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NewsMotor injury claims reported to government body plummet in 2021 – ACSO
Despite the FCA introducing new pricing rules to protect consumers, the insurance industry reaping £3.3bn in profits is the ‘beneficiary’ from in the drop off in motor claims, says executive director
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NewsManifesto 2022: E-scooters need compulsory public liability insurance
The trade body has also called for e-scooter insurance policies to be exempt from insurance premium tax
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NewsManifesto 2022: Biba urges UK government to slash IPT to 10% in next Budget
The trade body further believes that IPT relief should be offered for cladding-linked property insurance, telematics-based motor policies and cyber cover
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NewsFCA’s GI pricing reform wreaks havoc for consumers seeking cheaper premiums – GlobalData
The ‘largest threat to insurers’ following the pricing rule change ’is likely to be from pay-per-mile motor insurers’, says insurance analyst
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AnalysisHouse of Lords debates need for e-scooter safety regulations and compulsory insurance
Speakers in the House of Lords last week debated the safety of e-scooters on UK roads and whether more stringent regulation is needed amid claims that ’the pavements have become a jungle’
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AnalysisGibraltar on the rise as underwriting performance improves on the Rock
Insurance DataLab unveils which lines of business are proving most profitable for Gibraltar-based insurers using its unique underwriting rating methodology
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NewsCar insurance costs increase for first time since autumn 2020
Pricing trend data could help insurers navigate the motor market post-FCA pricing reform, said price comparison site chief executive
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NewsCustomer retention tops insurers’ concerns following FCA pricing changes – Trustly
Three-quarters of businesses have admitted to planning premium increases to balance policy figures following the last deadline of the FCA’s pricing reform
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NewsFCA pricing rules cause wind of change for car insurance premiums – Consumer Intelligence
Different pricing strategies at play will bode for an ‘interesting few months’ for the UK motor insurance market, says pricing expert
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NewsTractable chosen as US-based insurtech’s AI partner
The insurtech says Tractable was a ‘clear choice’ as it aligns with its mission to deliver world-class technology
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IT InterviewDavid Nichols: Motor claims trends to watch in 2022
Insurance Times catches up with Zurich’s UK chief claims officer to find out what motor claims trends should be on the industry’s radar this year
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NewsAviva inks five-year deal with Basildon-based MGA
The deal builds on the pair’s existing motor and non-standard home partnership
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IT InterviewSimon Jackson: GoShorty plans to raise bar on policy sales and ‘further refine’ broker offering
The insurtech aims to become the dominant player in the market for temporary vehicle insurance
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AnalysisBriefing: OIC portal intention unfulfilled as LiPs still fail to engage with platform
Claims experts confirm that Official Injury Claim portal is not being used as intended, with representation levels high as new process is live tested on claimants
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News‘Stability’ in the immediate aftermath of FCA’s pricing reform ‘is likely to be short-lived’ – WTW
Broker’s head of UK personal lines pricing believes pricing ‘turbulence’ is set to ‘manifest over the next three months’
