Motor
Ageas sees H1 2019 profit rise 70% after Ogden boost
UK CEO Andy Watson says insurer is to focus on growth after restructuring and exiting unprofitable schemes, as he discusses why he does not think the government has "covered itself in glory" when setting the new discount rate.
ERS blames COR deterioration on Ogden
Despite its Ogden woes, the motor insurer was able to post a £3.1m profit for H1 2019.
Direct Line points to NIG growth in H1 results
In force policies at the broker-focused part of the business grew 2.4% as the group numbers flag a £15.9m Ogden hit.
Sabre releases steady 2019 interim results
Firm head believes brokers have a bright future in motor providing they are aware of their place in the value chain.
Rise in motor insurance prices last quarter
Data gathered by the ABI finds repair costs climb to £1.2bn in Q1 2019, the highest since the ABI started the survey.
Moorhouse Group profit falls for the second year
CEO Lyndon Wood explains why his optimistic forecast for 2018 did not come to pass.
Danish watchdog orders Gefion to recalculate solvency level
Regulator says the unrated Danish provider has a solvency ratio of 105% after assessment.
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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
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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.