Motor – Page 23
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NewsDirect Line’s premiums slide by 2.4% during Q1 2022
The group put the hit to GWP down to the FCA’s pricing reform, but trading was ’broadly in line’ with its expectations
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NewsGovernment proposals to scrap annual MOTs could see increase in ‘unroadworthy vehicles’
Although the proposed change could save £55 a year, this could lead to more unsafe cars on the road which could subsequently increase insurance premiums
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NewsNew CRU data confirms continued decline in motor claims
Numbers for motor injury claims are at ‘historic lows’, says ACSO executive
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NewsAviva inks deal with Tractable to ‘overhaul’ UK motor claims accuracy
The deal also supports Aviva’s net zero 2040 target
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NewsBiba and ABI celebrate 10 years of signposting agreement
The joint initiative has led to over 860,000 enquiries to Biba’s Find Insurance service
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AnalysisIs telematics set for a popularity boost following FCA’s fair value changes?
With better technology and new regulations on pricing, could telematics be preparing for its time in the sun?
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NewsTelematics uptake rises by nearly 30% among under 30s – GlobalData
The increase comes despite younger people expressing concerns over privacy, data and device-insurer relation
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NewsGovernment reveals changes to the Highway Code to accommodate self-driving vehicles
The amendments aim to ensure that the first wave of self-driving vehicles are used safely on UK roads, but industry concerns remain
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NewsHandl Group buys IPRS Group
Chief executive describes the acquisition as ’a significant growth opportunity’
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NewsPrices in motor insurance market stabilise – Consumer Intelligence
Regaining equilibrium shows insurers are acting on the FCA’s new pricing rules, says pricing expert
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IT InterviewStewart McCulloch: Online ADR is ‘saving the day’ following pandemic-induced court backlogs
There is no ‘place in the future for having a complex, disproportionate process which just complicates things unnecessarily’, says managing director
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NewsNew OIC data could spell ‘significant number of claims’ for insurers
The data also raises ‘additional concerns’, says Carpenters Group director
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NewsCar insurance insurtech raises £1.8m in seed funding
The investment means that the business is ‘well on the way’ regarding its mission ‘to challenge the status quo’ and ‘turn insurance on its head’, says chief executive
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AnalysisBriefing: ‘Disappointment’ remains about OIC’s lack of ADR amid digitalisation scrutiny
Did the government miss a trick by not signposting online alternative dispute resolution via the Official Injury Claim process?
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NewsLatest OIC portal data shows claims being made through the system are still ‘very low’
The number of unrepresented claims running through the portal also remain low
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Sponsored ContentLet’s not mistake OIC portal’s tech issues for gaming – Carpenters Group
Carpenters Group director Donna Scully outlines whiplash reform’s missed opportunities to combat fraud
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NewsCredit ratings agency retains ‘negative outlook’ on UK’s non-life insurance sector
Factors such as general inflation, increased claims costs and flood risk have contributed to the negative rating
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AnalysisAdmiral’s stock market dip - how serious is it?
The Cardiff-based insurer’s share price plunged by 15% last month as a result of profit concerns
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NewsKGM Underwriting Services signs acquisition deal with motor MGA
The new partner’s chief executive has known the KGM business and its directors for over 20 years
