Product Hub: Commercial motor

Welcome to Insurance Age’s Commercial Motor Product Hub. This page hosts all of our commercial motor product news and insight to help the market keep abreast of latest developments and to boost their business development strategies.

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Product overview: Commercial motor

The commercial motor insurance market has come a long way since 1901, when the first cars were insured at Lloyd’s under marine insurance documents. But while vehicles are no longer described as ‘ships navigating on dry land’, the market is still finding itself having to adapt as new challenges emerge.

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Broker satisfaction survey

In 2021 Insurance Age undertook its largest ever survey of UK brokers in order to assess the quality of insurer service across the market. The Broker Satisfaction Survey covers 11 business lines in total and accessed more than 7,000 data points, making it one of the biggest surveys in the broker community.

The full results can be found here

To share your thoughts on who the best insurers are in Commercial motor, click the button below.

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The tech toolbox: What do brokers need?

Technology has improved in leaps and bounds over the past several years, yet what exactly do brokers need in their technological toolbox in order to succeed in today’s insurance climate? Eleanore Robinson reports

Broking Success: Strength in Scotland

Director Tom Yorke recounts his route from Giles to investing in Blue Rock Insurance Brokers, growing organically and competing on quality with the ethos of not doing speculative quotes as well as the opportunities for the Scottish broker as it targets…

Biba extends electric vehicle GAP scheme

The British Insurance Brokers’ Association has approved an extension to its exclusive GAP scheme with Jackson Lee Underwriting to include the recently launched electric vehicle early termination cover.

Adapting motor to an ‘electric’ world

While it’s sometimes difficult to compete on price against direct insurers, AX’s director of commercial sales Steve Molloy, shares some experience in how FNOL and claims management partners can support brokers in attracting and retaining customers.

Taking the temperature of the electric vehicle market

With the Financial Conduct Authority’s price walking ban coming into force and customers transitioning from internal combustion engines to electric and hybrid vehicles, the motor insurance industry is currently in a state of flux. Eleanore Robinson…

Axa launches EV fleet product

The insurer cited an increase in electric vehicle sales and the ability to offer a greener fleet option to businesses among the reasons for the move.

Meet the MGA: Arc Legal

Peter Harvey, deputy chief executive of Arc Legal, tell Insurance Age about the bespoke products the MGA offers brokers and how 2022 might shape up for the market

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