Motor – Page 8
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News‘Totally unacceptable’ – reaction after justice committee releases OIC report
’Overall, it has been an inauspicious start to life for the OIC,’ says executive director
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NewsFCA issues fair value warning as it slaps Gap insurance providers with ultimatum
’This is an early signal of the work we’ll be doing under the Consumer Duty,’ says director of insurance
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NewsMPs demand answers amid ‘growing’ backlog in OIC portal and rising premiums
The justice committee has published its findings after calling for evidence on the impact of whiplash reforms
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NewsDirect Line Group reveals plans after launching motor ownership app Caha
’This is the beginning of a material shift as we seek to meet more of our customers’ needs more of the time,’ says director of partnerships and ecosystems
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NewsChubb launches lithium battery insurance proposition
The insurer says it has made the move to address a lack of capacity in the marine cargo market
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NewsPremiums for drivers with vehicles under £10,000 soar by nearly 40% in a year
’The costs of repair, replacement and labour have risen significantly, impacting both insurers and motorists,’ says director of insurance pricing
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NewsInsurers warned as motor and building insurance complaints hit five-year high
’Where these complaints are driven by insurers delaying paying out on claims, that’s unacceptable,’ says chief executive
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News AnalysisBriefing: Are motor insurers ready to focus investment on electric power?
New research shows that ownership of electric vehicles is on the rise, but can insurers can keep pace with the change?
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IT InterviewTom Lawrie-Fussey Q&A: Insurers need ‘more granular data’ on vehicles’ history
’We are seeing a real hunger from insurance providers,’ says senior director of product management
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NewsPolicy Expert ‘broadening’ distribution relationships after ‘best month’ for renewals
’We’re laser focused on continuing to grow our market share,’ says executive chair
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NewsDirect Line Group posts COR of 106.4% for H1 2023
The insurer made an operating loss of £94.4m across the most recent period
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NewsVast majority of motor insureds worried about premium rises – ALA Insurance
’2023 will undoubtedly be tough for consumers and insurers alike,’ says head of UK general insurance
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NewsTravel insurance leads personal lines for potential growth
’This growth in annual travel insurance is reflective of a growing confidence and for many, a return to their normal calendar of travel,’ says chief executive officer
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NewsMotor insurance payouts surge faster than premiums in Q2 – ABI
’Motor insurers continue to deliver when motorists and personal injury claimants need them the most,’ says manager general insurance
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News AnalysisWhat is the most profitable line in UKGI?
Insurance DataLab analyses the top performing business lines in UK general insurance, exclusively for Insurance Times.
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News AnalysisLack of windscreen recalibration creates potential risk for road users – Auto Windscreens
The Markerstudy-owned firm has opened discussions with the UK government to improve safety on the roads using its recalibration technology
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NewsMore consumers actively looking for cheaper motor premiums as prices rise
’This year has seen the price of motor insurance increase alongside inflation,’ says chief executive
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News AnalysisHas inflation been a ‘helpful correction’ for the UK motor sector?
’The only way to get a market correction is when there is something outside of the market’s control,’ says underwriting director
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NewsCar Care Plan acquires assets of motor insurance broker that entered administration
The firm says it is ‘delighted’ with the acquisition
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News AnalysisIn Focus: How are motor insurers addressing popularity of electric vehicles?
Insurance Times asks industry experts if motor insurers are adapting their business strategies
