Motor
Webinar: The transition to electric vehicle insurance
Sign up to watch this webinar which explores what brokers can do to blossom in the ever-evolving EV insurance market.
Think targeting £30m GWP within three years
Think Insurance is currently looking at two more broker buys and has set a target of £30m gross written premium by 2025, commercial director Russell Bence told Insurance Age.
Stroll MD says digital broker could be as large as AbbeyAutoline in five years
Prestige Insurance Holdings has rolled out its new digital broker Stroll Insurance offering motor insurance to customers in Northern Ireland.
Cyber hits top spot for schemes commission earnings
SchemeServe research shows that cyber has outpaced other insurance schemes with an 87% increase in commission earnings over the past six months.
Zurich UK refreshes small fleet cover for electric vehicles
Zurich UK has added new cover and wording to its small fleet policy for firms with between two and 20 vehicles.
Sam White streamlines UK businesses
Pukka and Freedom Brokers have been brought into Action 365 as the business slims structure and adopts CDL and Amazon Web Services.
Car insurance prices up 4% in Q1
A 4% rise in average comprehensive car insurance premiums in the first quarter of the year has pushed the annual rate to a 2% increase, according to research by Confused and WTW.
Financial & Legal expands product range
Managing director, Karen Beales, was brought into the insurer two years ago to develop the products it offers.
Motor insurance premiums levelled off in February
The cost of car insurance has risen by 4.3% since the start of the year, Consumer Intelligence has calculated.
Broker revenue falls at the AA
Revenue from broking activities fell to £100m for the year to 31 January 2022, the AA has revealed.
Broking Success: Driving ahead with service
Mark Wilkinson, managing director of Norton Insurance Brokers, explains the history of the firm with its specialist classic car and motor trade brands setting out the road ahead with an expanded offering focused on personalised service
Adapting motor to an ‘electric’ world
While it’s sometimes difficult to compete on price against direct insurers, AX’s director of commercial sales Steve Molloy, shares some experience in how FNOL and claims management partners can support brokers in attracting and retaining customers.
Experts dissect FCA three-year strategy
The Financial Conduct Authority’s three-year strategy has “a number of headlines for all financial services firms” according to Michael Sicsic, managing director of Sicsic Advisory.
Taking the temperature of the electric vehicle market
With the Financial Conduct Authority’s price walking ban coming into force and customers transitioning from internal combustion engines to electric and hybrid vehicles, the motor insurance industry is currently in a state of flux. Eleanore Robinson…
FCA to add 80 jobs focused on shutting down problem firms
The Financial Conduct Authority will focus resources on preventing serious harm, setting higher standards and promoting competition the watchdog detailed as it revealed its three-year strategy to improve outcomes.
Think Insurance makes first broker buy
The motor and niche specialist has added to its commercial offering led by Russell Bence.
KGM buys Eridge Underwriting Agency
The MGA forecast the combined business will underwrite £175m in gross written premium this year.
FOS insurance backlog stretched to over 9000 cases
Across financial services the ombudsman had nearly 5000 cases open for more than two years.
Mark Coffey leaves Atlanta
The director of trading had been with the firm for nearly four years.
Igo4 creating 100 jobs in Peterborough
Firm targeting 30% new business growth this year with expansion across core markets, mainstream motor and the launch of insurance for electric hybrid vehicles.
Tempcover to sell up to Uswitch and Confused owner RVU
The broker completed an MBO at the start of 2018.
Ex-Swiftcover founder and Axa boss Steve Hardy to lead Policy Expert
QMetric Group CEO Sanchit Suri has left the business.
Saga reports drop in broking GWP and profit
The group sold Bennetts in August 2020.
Hagerty launches motorsport insurance in the UK
The organisation is working with Gullwing Racing Insurance.