Motor – Page 22
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Analysis
Briefing: More insurers need to think outside the box to mitigate cost of living crisis
Insurers must step into the breach once more to support consumers – but how many are actually willing to reduce monthly installment plan premium uplifts?
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News
Panellists to question how technology has reshaped insurance at Insurance2025
Expert panel intends to examine how far technology has come in insurance and whether it is delivering what the industry really needs
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News
London-based fraudster duo sentenced to imprisonment following gross exaggeration
‘We hope that these sentences will deter would-be fraudsters’, says Allianz’s head of counter fraud
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Analysis
In Focus: The OIC portal one year on – success or failure?
Three experts share their perspective on how the Official Injury Claim portal is performing as the system passes its first birthday
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News
‘Lots of uncertainty’ remains over OIC portal – Admiral
Some ramifications of the portal are clear, but more time is needed to fully understand others
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News
GlobalData forecasts £2.2bn boost in motor insurance DWPs by 2026
A DWP jump in 2023 will result from companies looking to rebalance their books following new FCA pricing rules, says insurance analyst
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Analysis
Briefing: Elon Musk takes insurance in-house at Tesla – can the industry keep pace?
As the electric vehicle revolution continues, Musk is set to gain a key position in the insurance sector, providing further competition for insurers
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News
Whiplash reforms have ‘dampened a rise in claims’ – MoJ’s David Parkin
Plus, the Official Injury Claim portal has not been ‘swamped by CMCs’ as predicted, says deputy director
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Analysis
Briefing: Staged e-scooter accidents are ‘already happening’ and leading to ‘questionable’ claims
With pandemic-related fraud dwindling, insurance fraud experts believe the next emerging risk will come from the insurtech sector
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Analysis
‘Very aggressive segmentation’ set to replace price walking as profit-making tool for insurers
With customers having less incentive to shop around following the FCA eliminating price walking, how can underwriters leverage data to offer discounts to their least risky customers?
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News
Sabre’s GWP up by 30% despite inflationary pressures
The motor insurance underwriter is confident that its disciplined underwriting strategy will consolidate its core strengths and allow for sustainable growth
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News
Bogus home insurance claims grew by 45% in 2021 – Aviva
Whiplash and ghost broking fraud continued last year, according to the insurer’s figures
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News
Government launches £40m self-driving commercial vehicle competition
88% of road collisions caused by human error, according to the transport minister
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News
Anti-fraud focused OIC portal amendments are vital for the future
The current portal’s set up is a ‘fraudsters’ paradise’, says Carpenters Group director
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News
Insurtech Marshmallow launches van proposition widening core market proposition
The new offering widens the insurtech’s core offering and represents another aspect of its continued growth
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News
FCA’s general pricing rules drive up van insurance premiums by 6.3% - Consumer Intelligence
The pricing expert believes that the regulator’s movements are hampering cheap market deals
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Sponsored Content
Pearson Ham: How have the general insurance pricing practice remedies impacted market rates?
Pearson Ham’s director of insurance pricing, Stephen Kennedy, discusses the impact of the FCA’s pricing reform in the home and motor markets
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Analysis
Gap insurance fraud seeing ‘a huge uptick’
As whiplash claims have become less attractive to potential fraudsters thanks to the Civil Liability Act, could gap insurance become a new problem area?
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News
Average cost of motor insurance has fallen 5% – ABI
This means consumers are enjoying the lowest average costs for nearly seven years
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Analysis
Briefing: LiPs not ‘disadvantaged’ by OIC process despite industry-wide concerns
Law firm argues that OIC portal process is not a ‘disincentive’ because LiPs are ‘clearly able’ to submit and progress claims