Defaqto, the financial research company, has published a report indicating that home insurers have been benefiting from strong economic growth combined with benign weather conditions. As a result new providers have entered the market, making it increasingly competitive. The report suggests that because growing numbers of consumers are comparing policies via web sites, the sector [...]
Countrywide’s new Commercial Club, which is a joint venture with AXA, is receiving strong support from brokers. Over the past two months 36 brokers have joined, representing a support commitment of £3.6m GWP. The Commercial Club gives members of the Countrywide network the opportunity of earning additional commission on all of AXA’s commercial product lines. [...]
A market-wide code of practice has been issued by the Contract Certainty Steering Committee (CCSC), with the aim of helping UK companies incorporate contract certainty into their sales processes. The code, which includes all contract certainty guidance issued over the last two years, is designed to ensure that policies are fully agreed before coverage becomes [...]
Kwik-Fit Insurance has made its first acquisition and purchased 100% of the share capital of Express Insurance Services, which is based in Birmingham. The latter has an annual turnover of approximately £9m and employs over 150 staff. Express sells strongly on the Internet and also provides an affinity scheme for a major motorcycle manufacturer. The [...]
Claims Direct, the personal injury claims company that was acquired out of administration by law firm Russell Jones & Walker in 2003, is planning a relaunch. The company has appointed All Response Media to handle its £5m media planning and buying account in a move that follows last week’s appointment of the Manchester-based agency, Air, [...]
Confused.com, the UK insurance search engine, has criticised Direct Line’s new advertising campaign which suggests that buying insurance using online comparison sites does not necessarily provide consumers with the best products. Direct Line maintains that price comparison sites are the online equivalent of insurance brokers but evidence exists to show that they have reduced the [...]
