Company says "disruptive" system will make it easier for brokers and insurers to enter the telematics insurance market.
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News comes less than a week after Tesla CEO Elon Musk said the company would launch a "compelling" car insurance product in May.
Survey by ABI reveals average motor insurance premiums dropped for the fourth quarter in a row.
Consumer organisation asked car and home insurance customers to rate their claims experience, with The AA scoring lowest in the car sector and RSA being rated worst in home.
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Car company is reportedly set to unveil a "compelling" insurance policy next month.
Start-up is backed by former LV boss Phil Bunker and Autoline founder Michael Blaney.
It is the first slip after two consecutive quarters of rising premium but experts warn that there will be increases again in future.
Private equity owner Aquiline has completed a strategic review of the business.
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.
Product will provide brokers with access to prestige experts every step of the way.
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.
COR improved to 96.1%, while GWP fell.
CFO Richard Hoskins hails "solid results" despite competitive market and says broker will continue to invest in data and digital engagement.
The motor broker has set up Stabilis in order to drive growth and is backed by A-rated Accredited Europe.
Software house's customers will have access to platform aiming to disrupt price comparison websites.
Several sources have indicated that the business is on the market.
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.
COR improved to 96.8% for the year, but GWP fell across all of its divisions as results are announced amid business restructure.
Service is aimed at clients with a private or commercial motor or motor fleet policy.
Boss Matt Munro explains the broker’s success in using data to combat ghost broking and more.