Personal Lines articles – Page 40
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NewsAverage motor insurance costs saw largest recorded year-on-year jump – Consumer Intelligence
Premiums decreased for under 25s, while costs increased significantly for those aged over 50
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NewsRSA announces departure from UK personal lines motor market
’We were clear that we would take necessary actions to drive sustainable outperformance in UK and Ireland,’ says chief executive
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NewsAssuredPartners makes new acquisition to help growth in south west
’I’m excited to combine our wealth of knowledge,’ says managing director
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News AnalysisBriefing: Cost of living crisis warrants consumer cover rethink
The extended warranty sector is seeing a ‘renaissance’ as costs rise sharply
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NewsNew insurance service launched for classic car collectors
’We are proud to launch this new initiative to market,’ the managing director of automotive and specialist insurer Hagerty said
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NewsIndustry faces ‘serious’ question over treatment of non-tariff personal injury claims
’The increase of wrist, elbow and knee claims has to be a real concern,’ the chief executive and managing partner of Horwich Farrelly warned
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NewsHNW clients more concerned about crime since cost of living crisis – Ecclesiastical
‘Brokers play an important role in helping high net worth clients understand the risks they are facing,’ says art and private client business director
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NewsOIC portal could come under ‘further pressure’
’Access to justice for those injured in road traffic accidents must remain paramount,’ says specialist personal injury legal body
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NewsSummer 2022 heatwave saw surge in subsidence payouts – ABI
Insurers are expected to pay £219m in subsidence claims for 2022 caused by last summer’s ’record breaking high temperatures’, says association
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NewsAnimal infestation home insurance claims on the rise
Home insurance claims relating to animal infestation are at ‘an all-time high’, according to new data
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NewsInsurers could reject customers’ cat cover as new law issued
A policy could be invalidated if chip details are not correct, a pet insurance expert warned
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NewsFlood Re completes East Peckham pilot to score properties’ flood resilience
The reinsurance scheme hopes its new flood resilience scoring could help underpin future insurer pricing
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NewsOngoing inflation is like motor insurance industry ‘kryptonite’
Solera’s vice president for industry relations tells Insurance Times why increasing inflation could be like kryptonite
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NewsPricing ’ping pong’ could force those in poverty to sacrifice insurance – SMF
The research claims those on the lowest incomes ‘continue to pay more for being poor’
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NewsAviva’s ‘simple and nimble’ approach helped COR performance
The insurer says it has been ‘working hard on its efficiency’
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NewsCriterion Adjusters managing director hands ‘over the reins’ to c-suite colleague
The appointee, who has spent over 30 years in insurance, will ‘drive’ the business into the ‘next phase of its exciting growth journey’
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NewsAviva UK GI posts small rise in COR as ‘challenging market conditions’ bite
The insurer’s GWP also saw an uptick across last year
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NewsGadget insurer concludes next phase of its digital transformation work
Chief executive of the digital agency that supported the change programme says that although insurance companies were ’once seen as the bastions of tradition’, they are now ’becoming innovators’
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NewsAdmiral Group posts COR of 101.7% for 2022
The insurer’s group chief executive says she is ’proud of the agility and adaptability that Admiral demonstrated’ in 2022
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NewsHome insurance startup Locket partners with reformed burglar
The insurtech aims to help customers actively prevent claims instead of just resolving them with claims payouts
