The regulator’s Business Plan revealed a focus on “fair treatment for existing customers” amid dual pricing investigation and warned orderly transition post-Brexit is an “immediate priority”.
Charity calls for the FCA to identify concrete solutions to the loyalty penalty as part of its insurance market study, after survey reveals home insurers make 100% of their profits from loyal customers.
The provider announced yesterday that it will offer three year fixed price insurance to customers as it seeks to increase loyalty and arrest profit downturn.
Deal is the consolidator's second in 2019.
The provider claimed that SmartQuote uses big data to find home insurance quotes in as little as one question if the broker knows the client.
Insurer says home products can still be bought through the broker channel.
Connected home provider is working with Aviva to create a home proposition for brokers, following the insurer taking majority stake in the InsurTech start-up.
But the provider's UK household segment reports loss after weather impact.
Broker business NIG's GWP was flat, while the number of in-force policies grew.
Citizens Advice calls for dual pricing discussion to “begin from the assumption that pricing differences are unfair” at Parliamentary meeting of regulators and trade bodies.
CEO Andy Watson says motor was the "star of the show" in 2018, comments on Brexit preparations and addresses potential redundancies in Stoke and Port Solent offices.
The provider said the offering has been designed to help brokers compete with direct writers with quote and bind taking less than two minutes.
COR improved to 96.8% for the year, but GWP fell across all of its divisions as results are announced amid business restructure.
Boss Matt Munro explains the broker’s success in using data to combat ghost broking and more.
Process piloted with 31 insurers is set to be made compulsory for all firms and most products.
Technology-driven business aims to disrupt the market.
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The digital insurtech launched Aventus platform to brokers last year.
Business takes on £70m of Co-op’s debt in first buy since being bought by Qatar Re.
Businesses also sign 13 year agreement for motor and home insurance distribution.
Analysis by The AA reveals quarterly and yearly increases.
Shuker’s A-Plan has taken on the personal lines business for Jelf and Barton explains that moving the business to call-centre focused broker would have been a “retrograde step”.
Business from 26 Jelf branches has been moved to A-Plan with 59 Jelf staff redeployed to other roles within the Marsh-owned broker and 19 people joining A-Plan.
New EDI offerings for car, commercial vehicle and home.