MOTOR – Page 90
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News AnalysisWhere next for Hastings and Advantage?
A closer look at the fallout from IAG’s decision to scale back its UK operations.
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News
AA to step into pay as you drive vacuum left by NU
AA investigating PAYD technology and hoping to pilot a scheme by next year.
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SupplementsMotor
Another year, another depressing set of results for the UK motor market. Once again, insurers struggled to realise a profit on their motor books, besieged on all sides by soft rates, aggregators, and spiralling levels of fraud. This year, insurers released a record £1bn of reserves to prop up their ...
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Online only
Kwik Fit added to comparethemarket.com panel
Aggregator claims that less than half of consumers buy the cheapest motor insurance available.
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Online onlyUPDATE: Zurich out of RBSI bidding
Former frontrunner cites impact on shareholder value among reasons for exit.
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News
Internet habits research
Motor policy consumers shown to use search engines as much as aggregator.s
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News
Motor fraudsters arrested
Twenty people across London were arrested last week in an attempt to clamp down on motor fraudsters.The Metropolitan Police teamed up with the Insurance Fraud Bureau (IFB) to catch those responsible for ‘cash for crash’ scams.John Beadle, chairman of the IFB, said: “The success of last week’s police ...
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Online onlyBidding a Hasting retreat
IAG's move to exit the UK retail market has been a long time coming.
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Online onlyUPDATE: IAG to scale back UK operations
Australian giant to axe 300 jobs at Hastings following A$350m write-down.
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NewsIAG plans UK business sell off
Hastings and Advantage could be subject to MBOs following Lexicon review.
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Online onlyRBS sets deadline for sale of insurance division
Report says bank wants second-round bids tabled by 31 July.
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News AnalysisEnd of the road for pay-as-you-drive?
With Norwich Union axing its scheme to charge drivers according to their car usage, the government’s road pricing strategy may falter.
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Online onlyAllstate calls on Lehman to lead RBSI charge
Zurich poised for bid after Deutsche bank lend backing.
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NewsMotor market’s record £1bn prop
Reserve releases mask further underwriting losses in 2007 says exclusive study.
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FeaturesRunning out of gas?
Insurers are still propping up the UK motor market with reserve releases, but for how much longer? Deloitte insurance partner Catherine Barton analyses the figures.
