Personall Lines – Page 55
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NewsFormer Aviva chief exec to launch insurtech
The business plans to target the non-prime and standard segments of the UK motor insurance market
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NewsAXA reports 3% drop in gross revenue for UK and Ireland in 2020
The insurer has also sought to minimise future exposure to Covid-19 claims by using exclusions within its business interruption and event cancellation policies
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IT InterviewHiscox attributes five-star personal lines rating to ‘strong and very competitive’ products
The insurer’s distribution director adds that the firm ‘won’t rest on our laurels’ and that customer service will continue to be a focal point
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NewsAgeas UK records 2% drop in gross income for 2020
Chief executive says the business has ‘a solid foundation on which to build’ for this year
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NewsInsurer to access UBI market with My Policy investment
Nationally, mileage declined by 63% during 2020’s first lockdown, according to My Policy’s analysis
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News AnalysisAllianz Holdings describes communication with brokers as ‘great success over 2020’
Chief executive says virtual methods have allowed the insurer to stay in touch with brokers ‘to a greater extent’
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News AnalysisL&G acquisition offers ‘really good opportunities for future growth’ says LV=GI boss
Plus, the FCA’s proposed changes around pricing will mark ‘a significant change event’ for personal lines insurers says LV=GI chief executive
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NewsABI members predicted to pay £2.5bn for Covid-19 claims incurred in 2020
The ABI’s director general believes the industry needs ‘to learn lessons from this unprecedented event’
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NewsAllianz Insurance sees 5.6% drop in GWP due to Covid-19 impact
The insurer says the total impact of coronavirus-related business interruption claims is £175m, net of reinsurance
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NewsMotor insurance premiums predicted to fall by up to 10% in 2021 – PWC
Home insurance premiums are also expected to decrease by 4% to 8%, says the professional services firm
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NewsRock Insurance Group reveals new underwriting agency
The underwriting agency looks forward to building successful broker partnerships
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NewsPIB Group-owned Cobra Network ranks Aviva as insurer partner of the year
Cobra Network Underwriting Agencies and Zurich are also recognised within the network’s annual member survey results
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NewsAccidental damage accounts for 48% of all new claims – LV= General Insurance
The insurer links this claim trend to the increase in home working and schooling, with drinks being spilled on technology such as laptops
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NewsBuilding Safety Register reveals new manifesto
The Building Safety Register’s co-founder hopes the manifesto will provoke wider discussion over the implications of building safety for the insurance market, as well as highlight risk management measures
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NewsFraudster to be sentenced at Crown Court for failing to disclose information to broker
The 49-year-old man has been charged with ‘dishonestly failing to disclose information to make a gain for himself’
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NewsIrish policyholders aged over 70 experience ‘inflated premiums’ for motor insurance
Insurance broker reveals ‘staggering price differentials’ for individuals aged over 70 in Ireland
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NewsNearly half of bike insurance claims in 2020 were for theft – Bikmo
The average claim amount last year for bike insurance was £1,293 says specialist cycling insurer
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News‘Feedback not reflective of broker dialogue’ after another disappointing Five Star result – RSA
The insurer said it would welcome a higher rating in Insurance Times’s Five Star Rating Report – Personal Lines 2020/2021, as this is not reflective of its broker dialogue
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NewsManifesto 2021: Biba to explore basic insurance requirements for e-scooters
The trade body sees Brexit as a opportunity to undo the Vnuk ruling too
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NewsRevealed: Two insurers top Insurance Times’s personal lines survey with five stars each
The results for this year’s personal lines five star ratings are in - two insurers have trumped the competition to achieve five stars each, but can you guess who they are?
