Motor – Page 39
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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’
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NewsMotor insurance prices hiked following new FCA regulatory reforms
Prices have jumped by more than £100 in the first days of 2022
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Sponsored ContentCazoo Data Services: How will electric vehicles impact claims?
Kieran Fisher, insurance account manager at Cazoo Data Services, tells Insurance Times how EVs will fundamentally impact claims and how insurtechs will support this inevitable change
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NewsUK motor claims inflation soars amid costly cyclist accidents
Claims expert warns insurers that they face a challenging period ahead
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AnalysisBriefing: Civil justice system is ‘taken for granted’, yet digital reform could be incoming
The chairman of the Justice Select Committee believes digitisation and a focus on single access portals could be the next focus for the civil justice system
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AnalysisRenewal rules require brokers to re-examine proposition and go ‘back to the future’
The motor market is ‘a perfect storm’ ahead of the FCA’s pricing rules coming into effect – brokers will need to focus on ‘agility’ and ‘be service-related’ if they are to succeed post-January
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NewsTicker and Trakm8 join forces on pay-per-mile proposition
The partnership followed a ’competitive trial process’
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AnalysisBriefing: UK needs system that ‘fully incentivises’ ADR
MP and chairman of the Justice Select Committee believes mediation is the future of civil litigation, so the UK must invest in a system that ‘incentivises’ alternative dispute resolution if it wishes to be ‘economic’
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NewsSecond batch of Official Injury Claim portal data confirms early trends
The MoJ has released its second lot of quarterly data, which hints that ’some claimants are unable or reluctant to pursue their claims through the OIC’ portal
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NewsBGL Insurance and Covéa forge partnership to launch direct motor brand
The collaboration aims to ‘breaks the mould’ of traditional offerings and ‘highlights the strategic growth ambitions of both businesses’, says broker boss
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NewsEVs three times more likely to have wheel or tyre issues – LV=
The insurer’s research calms worries about range anxiety that EV drivers, insurers and brokers have
