Industry awaits reaction to NU motor rates hike
Insurer Norwich Union has increased its premiums for renewals by an average 16% in an attempt to red...
Insurer Norwich Union has increased its premiums for renewals by an average 16% in an attempt to reduce its combined operating ratio. For young male drivers, premiums could rise by up to 40%.
The announcement came a day after NU announced a stripped down policy - Simple Cover - that excludes access to personal accident cover, medical expenses and physiotherapy cover. NU's combined operating for the first six months in motor was 105% compared to 92% overall. An NU spokeswoman said: "We are
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Aviva doubling down for customers, says Martin
Aviva is committed to pushing on with an “absolute focus on customer” and will continue “doubling down”, David Martin, managing director for UK commercial and chief distribution officer, told Insurance Age as he teased a “major new proposition” pencilled in for the end of the third quarter will catch brokers’ eyes.
Dual UK strikes new capacity deal with Axa
Dual UK has agreed a new capacity agreement with Axa to underpin its natural resources product.
Hemming: Hiscox to continue filling ‘obvious’ cover gaps
Brokers can expect Hiscox UK to launch more commercial product extensions in the coming months, as the insurer seeks to fill “obvious gaps”.
Allianz Commercial CDO Ktenidis targets e-trade growth in Northern Ireland and sub-£10,000 risks
Allianz UK Commercial is seeking to grab its share of a £2bn opportunity by converting manually traded sub-£10,000 premium risks to digital.
Aviva promotes McMurrough to commercial lines CUO
Aviva has appointed Alex McMurrough as chief underwriting officer for commercial lines.
Ageas CEO Middle promises open dialogue and transparency over restructure programme
Ageas UK CEO Ant Middle has committed to transparency and clarity as he acknowledged the insurer’s restructure affects people’s lives with it seeking to almost halve its workforce by 2029.
Hiscox share price jumps over 15% after Intact bid report
Hiscox’s share price leapt by 15.2% at lunchtime on Friday 15 May after sister-title Insurance Post revealed Intact is eyeing up a potential bid.
Biba 2026: Values, values, values – Intact boss Ken Norgrove on rebranding
Having taken Intact Insurance on a rebranding journey, UK and international CEO Ken Norgrove has shared his insights with brokers on four key elements with ‘values, values, values’ top of the list in his experience.