Product Hub: Transport

Welcome to Insurance Age’s Transport Product Hub. This page hosts all of our transport 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: Transport

A long-standing tradition of trading goods means that marine insurance is one of the oldest forms of insurance, with historians able to trace cover right back to the Phoenician traders in around 1000 BC. Methods of transporting goods have changed significantly since those early days on the sea, but it remains a valuable but challenging market.

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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 Transport click the button below.

Take part in the survey

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Motor premiums stabilise as telematics grows

Data from Consumer Intelligence reveals that 1 in 4 cheapest motor insurance quotes are provided by telematics firms, and while motor premiums plunged 9.4% in the last 12 months, prices are now beginning to stabilise.

iRevolution buys BG Insurance

CEO Mark Rigby has said the acquisition of BG Insurance would give the business further expertise in other areas of the non-standard motor market.

Motor premiums continue to fall in Q3

Premiums are the cheapest they have been since mid-2015, but the rate at which prices are falling has slowed in the last three months, according to Confused/Willis Towers Watson.

ERS extends cover for European HGV drivers

The specialist motor provider says the move aims to support European HGV drivers coming to the UK to help fill the current HGV driver shortage and that brokers will be able to access the widened cover for their clients via ERS eTrade.

News analysis: Panic Buying 2: This time it’s petrol…

The news agenda has been dominated by images of snakes of cars leading to petrol stations as the great British public reprises its performance from the first lockdown where we saw loo roll, pasta and other essentials stockpiled. In our analysis Martin…

MCE launches bespoke AI tool

According to the broker, the company saw 32% growth in average premium due to its investment in tech, which has now been enhanced with the roll out of a new AI tool.

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