Motor
HDI-Gerling revs up for UK motor fleet market
HDI-Gerling is expanding its product range to enter the UK motor fleet market.
MP slams medics assisting in false whiplash claims
Bradford East MP David Ward has stated the medical profession “must accept its role” in insurance fraud following reports that doctors are receiving payments to assist with false whiplash claims.
Direct Line enters telematics market
Direct Line is offering telematics products to customers following a pilot with sister firm Tracker.
Fitch hails OFT decision to refer motor market to Competition Commission
Fitch Ratings has welcomed the Office of Fair Trading’s (OFT) provisional decision to refer the private motor insurance market to the Competition Commission.
OFT competition decision on motor market divides opinion
The news that the Office of Fair Trading (OFT) is considering referring the private motor insurance market to the Competition Commission has been met with a range of different reactions.
"Dysfunctional" motor market referred to Competition Commission
The Office of Fair Trading (OFT) has provisionally decided to refer the private motor insurance market to the Competition Commission.
Insurers losing customers due to poor websites, study finds
UK home and motor insurers could be losing potential customers by providing a poor online user experience, according to research from Global Reviews.
Admiral's shares overvalued according to asset management firm
Asset management firm Investec has delivered a withering report on the value of Admiral’s shares advising investors to sell and describing the value of the shares as the “epoch of incredulity”.
Ageas looks to Groupama for new household underwriting chief
Ageas has appointed Groupama’s head of household as its new head of household underwriting.
Three arrests in Liverpool over cash for crash fraud
Three people have been arrested in Liverpool as part of an on-going investigation into a suspected cash for crash fraud operation estimated to be worth more than £1m.
UK motor insurance industry COR improves to 106%
UK motor insurers reported a net combined ratio of 106% as the market grew by 10% to reach £14bn in premiums in 2011, according to figures from Deloitte.
Record number of complaints to Ombudsman as PPI continues to dominate
The Financial Ombudsman Service has received a record number of complaints for the fifth year in a row as complaints about the selling of payment protection insurance (PPI) continue to pour in.
Aviva boosts motor fleet team in the North West
Aviva has appointed Andrew Howell as a motor fleet development underwriter.
Ageas commercial COR improves to 104.1%
Ageas UK has revealed that its commercial business produced a combined operating ratio of 104.1% for the first three months of 2012.
Groupama wins place on Sky Insurance panel
Groupama Insurances has signed a deal with Sky Insurance Services to provide cover for modified, prestige and performance cars.
Ageas sees profits soar as ratio improves
Ageas UK has announced an 11.1% increase in income to £513.3m in the first quarter of 2012 compared to the same period last year.
Axa UK delivers significant growth in commercial lines and household
Axa's general insurance business delivered nearly €10bn (£8bn) in premium in the first quarter of 2012, the UK contributing €996m of that total.
Jelf's profit improves while revenue remains stable
Jelf Group has reported a 10% improvement in operating profit in the six months ended March 2012 to £1.6m, up from £1.5m in the same period of 2011.
ALPS launches new product range following broker consultation
Auto Legal Protection Services (ALPS) has launched a range of six legal expenses insurance (LEI) and assistance products.
Sometimes insurers are the victims ... no, really.
Without doubt my favourite story of the last week was that of the Limerick man who went on hunger strike in protest at Axa’s refusal to pay out on a €24,000 motor claim. Hunger strike is a particularly extreme reaction and particularly emotive in that…
RSA reports positive start to 2012 with premiums up 5%
RSA has reported a 5% improvement in net written premiums in the first three months of 2012, up to £2.2bn from £2.1bn in the same quarter of 2011.
AA calls for less talk, more action on whiplash claims
The AA has called for the government to take action on whiplash, and said it hopes the second insurance summit will be the “last talking shop”.
ABI accused of playing 'cynical and duplicitous game' over portal fees
The Association of British Insurers (ABI) has reportedly advised members to start negotiating with offers of £150 for legal fees in low value claims.
Products: Groupama signs up for Brightside Group’s motorbike scheme
Groupama has signed two new scheme deals in as many weeks; one covering motorbike risks and the other non-standard motor.