Home insurance
Mixed feelings from brokers on Aviva's subscription product
Experts worry it could lead to “surge pricing” but see positives too including transparency and flexibility.
InsurTech Futures: Home insurance app Buzzvault starts trading
The business will trade as a managing general agent and has been backed by Munich Re Digital Partners.
Aviva aims to disrupt the market with new subscription-style product
Provider to tackle dual pricing with new home and motor offering.
CMA to step up its interest in vulnerable customers
Body still working on investigation following the super-complaint from Citizens Advice, which slammed dual pricing practices in insurance.
Ceta targeting up to 500 brokers with new online non-standard property service
“Game changing” offering set to go live in mid-January.
Home insurance bills drop
Consumer Intelligence research shows average premiums fell 0.4% to October 2018, but increases could be on the horizon.
InsurTech Futures: Azur unveils scheme to protect against water damage
Tech MGA to provide water leak detection system to HNW clients, working exclusively with brokers.
The Blog Spot: Two sides to the perception gap
The frustration is that insurance has so much to be proud of.
Aviva writing to customers after renewal transparency failing
FCA review led to insurer being “made aware” of problems.
FCA points to “remarkable” insurer failings as it launches “fundamental” market review
Chris Woolard on why the regulator felt it had to act.
Industry keen to work with FCA following dual pricing review
Biba and the ABI welcome the FCA's move, agreeing with the regulator that the market needs to work as well as possible for all customers.
FCA calls on industry to continue work on dual pricing
Regulator points to guiding principles from Biba and the ABI published in May this year.
FCA boss’ CEO letter warns of failures, dual pricing and risk of discrimination
Andrew Bailey sends pricing practices warning.
FCA to tackle dual pricing in general insurance market study
Chief executive highlights it will consider “all possible remedies” to make the market work for consumers.
AA reports flat home insurance premiums for Q3 2018
The cost of insuring a home “remains remarkable value for money”.
Dual pricing – the “crack cocaine” of insurance
Experts respond to the Citizens Advice super complaint.
Which? report highlights dual pricing
Survey shows dual pricing in home cover as some long term policyholders pay up to £105 more than new customers.
Turnover and profit rise at Admiral in H1 2018
UK aggregator Confused also reports growth.
Profits shoot up at Hastings in the first half of 2018
CFO Richard Hoskins says focus is on "disciplined growth" and investing in digital initiatives.
GWP and revenue fall at Ageas UK in H1 2018
Provider also posts profit increase and an improved COR of 99%.
AA’s research finds home premiums on the rise in Q2 2018
Company flags insurer fears over subsidence claims.
L&G makes senior hires as part of broker channel investment
Simon Hird is promoted to head of broker and intermediary.
Aviva promises brokers better prices as it adds van, home and motor to Fast Trade
Insurer targeting double-digit millions of pounds through platform’s new offering.
Report suggests Amazon could expand Protect product
However CB Insights said that Amazon acting as more than a distributor in the home market was “unlikely”.