Home insurance
Consumers expect action on dual pricing, reports CII
CII survey highlights there is more for the industry to do to tackle the loyalty penalty.
Fitch Ratings predicts fall in insurer profitability in 2020
Fitch warns that the FCA's potential ban on dual pricing can lead to "significant strain" as it declares a negative outlook for UK home and motor insurers.
Direct Line Group results outline £50m cost-cutting drive
Restructures costing the business £60m will also take place over the next two years.
PSC Insurance Group buys Carroll Insurance Group for £3.4m
Deal sees CIG join the group's existing Carroll Holman Insurance Brokers business in London.
Plan Group interested in more deals after Pedal Cover buy
Ryan Georgiades, chairman of Plan Group, has listed several business lines that it might be interested in buying a broker in, this included niche leisure, motor, travel, home and commercial property.
Plan Group purchases Kingswood Insurance Brokers
The purchase of the cycle specialist takes the group's GWP up to £30m.
Applied adds First Underwriting to personal lines panel
Insurer’s motor and home products will be available to brokers via eTrading platforms.
Revenue falls at Hastings amid rising claims inflation
Firm said it would apply price increases to keep its full-year loss ratio within target.
Personal lines cyber cover is untapped market, analyst claims
GlobalData said growth was dependent on more households owning connected devices.
Insurers most at risk from FCA pricing review named by analyst
Analyst firm Peel Hunt highlighted Direct Line, RSA and Saga as particularly vulnerable.
CMA’s investigation into Compare the Market sees timeline extended
Investigation centres on clause included in the aggregator’s home insurance contracts which may potentially cause consumers to miss out.
CMC employee jailed for fraud and abuse of position
The individual stole nearly £18,000 from the CMC and attempted to steal approximately £17,000 more.
"Golden age for brokers" as FCA cracks down on dual pricing
Consumer Intelligence CEO Ian Hughes points to opportunities for brokers as the industry deals with the "crack cocaine" of insurance, dual pricing.
Brokers warn dual pricing debate should not focus solely on price
Experts say the FCA should also consider value and quality of service, after the regulator hinted at a potential ban on dual pricing in its interim report.
Freedom partners with ThingCo to launch Pukka Tech
InsurTech Futures: Initial aim is to improve Freedom's services but the firms hope Pukka Tech’s technology will eventually be made available to other brokers and providers.
Saga considering sale of Bennetts for second time, say reports
Reports suggest Saga is now under pressure from new investor Elliott Advisors.
Saga profits plummet in all operating areas
Underlying profit before tax fell 22.6% in retail broking and 53.3% in underwriting.
Video: Close Brothers reveals personal lines data
Sharon Bishop, CEO of the premium finance provider, discusses the organisation's recent broker survey and what respondents had to say about personal lines.
Accredited Europe partners with two UK MGAs
Maltese provider is now working with Sophro MGA and has extended its agreement with First Underwriting.
Admiral reveals £33m Ogden hit in H1 2019
Provider posts modest turnover and profit rises.
Hastings profits slip in H1 this year
Results for the first half of 2019 show decreased profit and an £8.4m Ogden hit as company reports growing GWP.
Brolly CEO reveals new product that counters "absurd" dual pricing practices
InsurTech Futures: Broker launches new contents policy which includes loyalty discounts.
Quizzical Questions: 2 August 2019
Test your knowledge of the week's news with our topical quiz.
Red Sands scoops up failed insurer Lamp’s home policies
Now4Cover has moved the customers to Gibraltar-based provider Red Sands.