Home insurance
Brexit and customer fairness dominate FCA 2019/20 plans
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”.
Citizens Advice slams home insurers in dual pricing report
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.
Saga says renewal pricing strategy change “aligned with FCA goal”
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.
Aston Lark buys Highworth Insurance
Deal is the consolidator's second in 2019.
Legal & General unveils tech solution for brokers
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.
Zurich temporarily pulls out of direct home
Insurer says home products can still be bought through the broker channel.
Broker distribution could be powerful for us, says Neos’ Matt Poll
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.
Profit soars at Admiral in 2018
But the provider's UK household segment reports loss after weather impact.
GWP and operating profit fall at Direct Line in 2018
Broker business NIG's GWP was flat, while the number of in-force policies grew.
Industry urged to tackle dual pricing
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.
Ageas' profitability back to pre-Ogden levels
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.
Azur launches emerging wealth home product
The provider said the offering has been designed to help brokers compete with direct writers with quote and bind taking less than two minutes.
Ageas UK sees profit jump in 2018
COR improved to 96.8% for the year, but GWP fell across all of its divisions as results are announced amid business restructure.
Igo4 on harnessing technology to fight fraud
Boss Matt Munro explains the broker’s success in using data to combat ghost broking and more.
FCA data shows rise in average home insurance payouts
Process piloted with 31 insurers is set to be made compulsory for all firms and most products.
Wholesale provider Cavere Intermediary launches
Technology-driven business aims to disrupt the market.
Quizzical Questions: 25 January 2019
Test your knowledge of the week's news with our topical quiz.
InsurTech Futures: Two question home quotes as Homelyfe partners with Freedom
The digital insurtech launched Aventus platform to brokers last year.
Markerstudy to use Co-op’s brand after deal
Business takes on £70m of Co-op’s debt in first buy since being bought by Qatar Re.
Markerstudy buys Co-op underwriting in £185m deal
Businesses also sign 13 year agreement for motor and home insurance distribution.
Home insurance premiums continue to creep up in Q4 2018
Analysis by The AA reveals quarterly and yearly increases.
Shuker and Barton reveal details of deal
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”.
Jelf transfers personal lines business to A-Plan
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.
Broker Direct expands product set
New EDI offerings for car, commercial vehicle and home.