Motor
Biba focuses on access to insurance in 2020 manifesto
Manifesto includes 37 commitments and 29 calls for action across nine key areas including regulation, broking challenges, Brexit, and transport.
By Miles receives FCA ‘open banking’ licence
InsurTech will be able to access the financial data of consenting customers.
Motor premiums may ‘reach the highest on record’
Willis Towers Watson and Confused warn of future increases as they publish data for Q4 2019.
Markerstudy forced to go "on hiatus" for new quotes in commercial lines
Group commercial director Gary Humphreys says MGA is in talks with two potential providers after it was asked by backer QIC to find alternative capacity for its commercial SME book.
Pukka temporarily suspends trading
Motor MGA has reached its capacity limit with providers, according to a report.
Gefion ordered not to expand its scope of business
The Danish regulator says the unrated provider has “serious liquidity problems” as Gefion says it is in progressed discussions with potential capacity providers.
MCL restructures Irish operation amid Brexit uncertainty
Motor broker MCL relocates and registers Irish operation to Swords, Dublin to enable it to continue trading as normal following UK’s EU exit.
Danish regulator orders Gefion to correct information
Gefion has disagreed with the decision, as the regulator points to issues with one of the provider's reinsurance contracts.
Gefion meets €5m liquidity deadline
The Danish provider has complied with the order from a regulator to have liquid assets of at least €5m by the end of 2019, after further investment from shareholders.
Sure Thing! posts £2.1m loss for 2019
Losses went down for the motor provider in final full year results ahead of Policy Expert buying the broker in June 2019.
Christmas Q&A with Andrew Alcock and Phil Bayles
Andrew Alcock, COO at TH March, reviews the events of 2019 and Phil Bayles, CDO at Aviva, outlines what we can expect from the New Year.
Christmas Q&A with Alastair Christopherson
Alastair Christopherson, group managing director at The County Group, shares his reflections on 2019 and how brokers should be preparing for the year ahead.
Tradewise Insurance Company enters voluntary run-off
New capacity deal will see UK partner Tradewise Insurance Services write motor business into 2020.
Christmas Q&A with Andrew Brown-Allan
Andrew Brown-Allan, CMO at Carrot Insurance, explains his year in insurance and what we can expect next.
Endsleigh and Acturis announce personal lines partnership
Endsleigh’s five-year contract with rival software provider SSP, signed in May 2018, is unaffected by the deal.
Christmas Q&A with Mark Bower-Dyke
The Be Wiser boss reflects on the top insurance issues of 2019 and shares his predictions for the industry in 2020.
Pukka steps away from Gefion
The MGA moved away from the troubled unrated Danish provider earlier this year.
Consumers expect action on dual pricing, reports CII
CII survey highlights there is more for the industry to do to tackle the loyalty penalty.
PIB acquires motor specialist Cooper Solutions
Firm has provided a daily rate insurance product through PIB-owned Cooke & Mason since 2004.
Amanda Blanc’s second NED role revealed
Blanc, whose Aviva appointment was also announced this week, has joined a specialist motor insurer to drive acquisitions and organic growth.
MCE teams up with InsurTech start-up Inzura to launch new app
InsurTech Futures: Motorbike specialist says app will automate the customer onboarding process, enabling it to process higher customer numbers faster and at a lower cost.
Cuvva's pay-monthly product aims to cut out brokers and aggregators
InsurTech Futures: Start-up has also raised £15m, with Lloyd's of London chairman Bruce Carnegie-Brown and JLT CEO Dominic Burke among the backers.
Fitch Ratings predicts fall in insurer profitability in 2020
Fitch warns that the FCA's potential ban on dual pricing can lead to "significant strain" as it declares a negative outlook for UK home and motor insurers.
Quizzical questions: 22 November 2019
Test your knowledge of the week's news with our topical quiz.