MOTOR – Page 28
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NewsMCE strikes deal with personal lines broker to handle private vehicle business
MCE moves quickly following Sabre deal to secure another business arrangement
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FeaturesBrokers and LEI providers must ‘bridge the access to justice gap’ for personal injury claimants
Poor usability of the OIC portal and solicitors’ cherry-picking cases has left claimants in a vicious circle
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NewsVan insurance premiums for the UK’s youngest drivers fall 18.1% - Consumer Intelligence
Despite the drop, the price of a typical annual policy remains high
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NewsTwo LV= General Insurance branded bodyshops gain Green Heart status
Just over 75% of the the insurer’s branded bodyshops are now carbon neutral
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NewsAvid Insurance Services launches its first GAP insurance product
The product will ‘give retailers and customers much more confidence in GAP’ following years of unrated underwriting, says head of ancillary motor
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NewsQBE signs three-year deal with rehabilitation services provider
The ‘market tender exercise is a great way for QBE to assess the rehabilitation providers in the market’, says the insurer’s rehabilitation manager
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NewsHome and motor insurance markets predicted to be loss-making in 2022 – EY
The professional services firm also believes insurers will need to increasingly focus on environmental, social and governance factors
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NewsGranite Group agrees to buy Crewe-based telematics insurer
The deal aims ’to cater to increasing demand for motor usage-based insurance’ post-pandemic
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AnalysisIn Focus: How will the increasing price yet declining availability of car parts affect the claims process?
Industry experts discuss how car part avaliability issues are affecting the claims process
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NewsAllianz appoints new approved repairer network to focus on green parts and EVs
The insurer aims to achieve ‘a market-leading repair proposition and high customer satisfaction’ with its new bodyshop partners
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AnalysisIn Focus: Petrol crisis fuels interest in electric vehicles
The push towards a greener future will see electric vehicles increasingly come into play, but the insurance industry still has more to learn about this mode of transport
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NewsDAC Beachcroft and insurtech reveal digital tool to speed up liability submissions
The collaboration aims to help insurers ’safeguard against the risk of claims’
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NewsMotor insurers pocket £3.3bn Covid windfall – ACSO
Pandemic linked lockdowns saw car insurers reap £118 per policy, states ACSO’s research
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NewsIndustry alerted over fraud risk surrounding foreign registered vehicle claims
Motor claims for foreign registered vehicle claims have reduced due to Brexit and the Covid-19 pandemic, but fraud concerning these vehicles has continued
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NewsSpike in FOS referrals reveals motor cover is most complained about insurance product – Insurance DataLab
Understanding the make up of complaints will be key in preparing for the regulator’s fair value spotlight, according to data service co-founder
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NewsSharp decline in motor claims following MoJ release of OIC data
For the year as a whole, just under 300,000 motor claims were registered in 2021 compared to 350,000 between June and September the previous year
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NewsNew OIC data reveals only 1% of claims settled
The insurance industry largely welcomes the new Online Injury Claim portal, but it is still early days as the data reveals that 4,331 claimants are unrepresented
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AnalysisMichael Sicsic: FCA’s clamp down on price walking means industry needs to ‘get its act together’
Managing director says the complexity and difficulty of the FCA’s pricing rules may push smaller brokers to seek acquisitions from bigger firms
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NewsTelematics provides one in four of the cheapest motor insurance quotes – Consumer Intelligence
Despite keeping ‘prices affordable’, there is a ‘huge difference’ between costs for certain age groups, says pricing expert
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NewsSabre suffers drop in GWP due to Covid-19 and FCA pricing reform
Profit before tax for 2021 is expected to be below the range of analysts’ forecasts
