Motor
Three directors out as Policy Expert buys loss-making Sure Thing!
Adam Powell takes over as CEO as Sure Thing!’s Brendan Devine, Stevie Sutherland and Kevin Kiernan exit the business.
Motor market records best year since 1985 ahead of troubled future, says EY
FCA pricing investigation and Civil Liability Act are expected to depress profitability in future years.
InsurTech Futures: Insurance heavyweights strengthen backing of InsurTech Inzura
Phil Bunker, Michael Blaney, Julian Edwards, and Paul Cosh helped to raise an additional £1m of investment.
Unrated Gefion reports losses in 2018
Danish provider received cash injection to improve its solvency ratio on 6 May.
Brightside MGA Kitsune on track to achieve £20m - £25m GWP target
MD Trevor Bowers on launching more products, working with brokers and implementing a virtual insurer model.
LexisNexis analysis shows 1.3m motor policies were cancelled in the last year
Company says its data platform can help brokers save money by identifying customers who have a history of cancelling policies.
InsurTech Futures: Uber partners with Inshur to offer its drivers insurance
The company will make private hire vehicle insurance available through the Inshur app.
BGL launches new short-term motor insurance brand
It is the first on-demand product from the distributor and offers customers policies for between one hour and 30 days.
Trakm8 unveils solution to help brokers launch telematics products
Company says "disruptive" system will make it easier for brokers and insurers to enter the telematics insurance market.
Quizzical questions: 3 May 2019
Test your knowledge of the week's news with our topical news quiz.
Tesla teams up with Markel on insurance program
News comes less than a week after Tesla CEO Elon Musk said the company would launch a "compelling" car insurance product in May.
Cost of motor insurance falls again
Survey by ABI reveals average motor insurance premiums dropped for the fourth quarter in a row.
Which? survey reveals worst insurers for handling claims
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.
Quizzical questions: 26 April 2019
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Tesla's Elon Musk teases car insurance product launch
Car company is reportedly set to unveil a "compelling" insurance policy next month.
InsurTech Futures: Inzura launches dash cam solution
Start-up is backed by former LV boss Phil Bunker and Autoline founder Michael Blaney.
Willis Towers Watson/Confused index shows car insurance premiums fall
It is the first slip after two consecutive quarters of rising premium but experts warn that there will be increases again in future.
ERS sale dead as investor decides to stick with the motor insurer
Private equity owner Aquiline has completed a strategic review of the business.
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.
ERS creates claims team for prestige vehicles
Product will provide brokers with access to prestige experts every step of the way.
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.
ERS drives back into full year profit in 2018
COR improved to 96.1%, while GWP fell.