Personal Lines articles – Page 60
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NewsSharp decline in motor claims following MoJ release of OIC data
For the year as a whole, just under 300,000 motor claims were registered in 2021 compared to 350,000 between June and September the previous year
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NewsNew OIC data reveals only 1% of claims settled
The insurance industry largely welcomes the new Online Injury Claim portal, but it is still early days as the data reveals that 4,331 claimants are unrepresented
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AnalysisMichael Sicsic: FCA’s clamp down on price walking means industry needs to ‘get its act together’
Managing director says the complexity and difficulty of the FCA’s pricing rules may push smaller brokers to seek acquisitions from bigger firms
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NewsAxa Partners UK and Ireland enters long-term deal with train shuttle service
The insurer plans to help the travel service ’strengthen the product offering and value that is added during the customer journey’
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NewsHB Underwriting partners with insurtech to launch tenants’ contents product
The cover aims to close the insurance accessibility gap for social and affordable housing tenants
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NewsTelematics provides one in four of the cheapest motor insurance quotes – Consumer Intelligence
Despite keeping ‘prices affordable’, there is a ‘huge difference’ between costs for certain age groups, says pricing expert
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NewsSabre suffers drop in GWP due to Covid-19 and FCA pricing reform
Profit before tax for 2021 is expected to be below the range of analysts’ forecasts
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NewsCar insurance premiums see biggest annual drop since 2014 - Willis Towers Watson
However, prices could creep up again due to ’the easing of lockdown rules, UK summer staycations and other changed driving patterns’, says Willis Towers Watson consulting lead
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NewsCredit hire company pays defendant’s costs in fundamentally dishonest PI case
The judge found this type of dispute to be ‘a convenient camel for hire companies to ride across the plains’
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NewsGovernment explores underwriting home insurance for flammable cladding risk
Home insurance premiums have soared from £8m to £29m in a year, according to the Association of Residential Managing Agents
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NewsNeo-insurer Getsafe secures multimillion pound cash injection
The money will help expand the business, to reach more millennial buyers and fund its own insurance licence
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AnalysisBriefing: Unpicking industry challenges at BrokerFest 2021
On Monday, brokers will hear a pandemic case study from commercial wheels broker McCarron Coates, as well as have the option to learn about the current lay of the land in high net worth
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IT InterviewRichard King: Ticker soon to become a unicorn amid latest insurtech partnership
Ticker’s founder and chief executive hopes to bring connected insurance to a wider market
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NewsLexisNexis data solution supports home insurance market amid FCA pricing reform
The new solution aims to help home insurers better assess risk
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NewsAirmic 2021: Cyber market still perceived as ‘hard’
Insurance buyers are facing rising cyber risk and insurance challenges, but are there green shoots of a market softening more generally?
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NewsDirect Line and Churchill remove Covid cancellation restriction for travel insurance policies
The approach aims to support the recovery of the travel insurance industry
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NewsEcclesiastical urges brokers to speak to heritage clients after UK ‘smash and grab’ raids
The insurer’s customer segment director says ’brokers play an important role in helping clients understand the risks’
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NewsMicromobility and e-scooters fall outside new claims portal criteria
Two law firms relay their concerns about micromobility and e-scooters as the new Highway Code is set to be unleashed
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NewsGhost broking losses amount to £786,700 in 2021 so far - Action Fraud
Students identified as ‘a prime target’ for ghost brokers
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AnalysisBriefing: Size is important when it comes to being resilient to the FCA’s GI pricing reform
Webinar panellists emphasise that firms cannot assume how their customers will behave post-reform, with switching still rife even if consumers are offered lower prices
