Daily Insurance Industry News
 
 
Daily Insurance Industry News
Sunday 23rd of April 2017
March 5, 2013

Vamco aims to ringfence repair monies

by Brian Turner

Story link: Vamco aims to ringfence repair monies

Outsourced motor insurance claims specialist Vamco has pledged to keep every pound destined for its body-shop partners safe behind a legal ring-fence. The Surrey-based organisation, which has never sought or taken ‘referral fees’ from its networks of repairers, guarantees that monies it receives from insurers for accident damage will go to the hard-pressed body-shops and […]



December 13, 2012

Groupama applauds Government whiplash proposals

by Richard Kilner

Story link: Groupama applauds Government whiplash proposals

Groupama Insurances’ Head of Large and Complex Loss Karl Parr has welcomed the Government’s proposals to tackle false whiplash claims, and said that they should be applauded. Parr described the whiplash claim record in the UK as entirely disproportionate to the rest of Europe, adding that every policyholder was paying extra because of it. The […]



December 12, 2012

£2.4bn of presents to be hidden in cars this year

by Richard Kilner

Story link: £2.4bn of presents to be hidden in cars this year

New research from Allianz Your Cover has found that Britons will hide Christmas presents worth a total of £2.4bn in their cars this year. The survey of 2,000 people found that 30% hid their presents in the car, and 28% left them on display and unsecured in the vehicle, heightening the risk of theft. Toys […]



December 11, 2012

ABI welcomes Government moves on whiplash fraud

by Richard Kilner

Story link: ABI welcomes Government moves on whiplash fraud

The Association of British Insurers (ABI) has said that the Government is on the right track to respond to rising whiplash claims. ABI Head of Motor and Liability James Dalton responded to the publication of a Government consultation to tackle rising whiplash claims by saying the organisation was pleased the Government recognised the need for […]



December 9, 2012

Vauxhaull and Ageas strike telematics deal

by Gill Montia

Story link: Vauxhaull and Ageas strike telematics deal

Vauxhall Motors has embraced telematics car insurance in a deal with Ageas and young driver insurer, ingenie, that offers cover for 17 to 25 years olds when they purchase a car from a Vauxhall dealership. The venture will see Ageas provide the underwriting and administration capability through a joint Vauxhall and ingenie website, extending the […]



December 7, 2012

Drivers confused about drink drive limits

by Richard Kilner

Story link: Drivers confused about drink drive limits

LV= car insurance has commissioned research which reveals that the number of drivers who have driven whilst under the influence of alcohol has almost doubled since 2009. The vast majority (88%) realise drink driving affects their driving ability, but 15% nevertheless admit to having driven whilst over the legal limit. The rise in drink driving […]



December 6, 2012

Telematics insurance becomes more popular

by Richard Kilner

Story link: Telematics insurance becomes more popular

Figures from car insurance comparison website Tiger.co.uk have revealed that telematics insurance policies are becoming increasingly popular with drivers aged 24 and under. Sales data from February to September 2012 indicates that younger drivers are increasingly opting for telematics policies, suggesting that the more affordable pricing weighs more heavily with drivers than the so-called ‘big […]



November 27, 2012

Aviva launches driver behavioural app

by Gill Montia

Story link: Aviva launches driver behavioural app

Aviva is encouraging safe drivers to save up to 20% on their comprehensive car insurance by using its driver behavioural app, which has launched on the Google Play app store following successful testing. The app uses smartphone technology to record a motorist’s driving style, covering acceleration, braking and cornering. At 200 miles, it gives an […]



November 23, 2012

One in three use mobile phones whilst driving

by Richard Kilner

Story link: One in three use mobile phones whilst driving

Every year an average of 100,000 motorists are fined for using a mobile phone whilst driving, according to a Freedom of Information request by insurer LV=. However, this indicates that just a fraction of mobile phone use is detected as 33% of motorists admit to using their phone whilst driving. More than three-quarters (77%) of […]



November 22, 2012

“Digital Neighbourhood” advances on local crime

by Gill Montia

Story link: “Digital Neighbourhood” advances on local crime

Sixty per cent of Britons say they are already using, or would be open to using, digital channels to stay one step ahead of local crime. According to new research from Legal & General, residents are already using, or are open to using, email updates from the police (56%), e-newsletters (56%), local community email groups […]



November 21, 2012

Parents predict rise in children’s car insurance

by Richard Kilner

Story link: Parents predict rise in children’s car insurance

A third of parents who presently help their children pay car insurance premiums have indicated that they will stop doing so once the new EU Gender Directive comes into force. Research commissioned by Aviva also found that a third of parents would try finding their son or daughter a less expensive car and 44% stated […]



November 20, 2012

Gender directive will not make insurance uncompetitive

by Richard Kilner

Story link: Gender directive will not make insurance uncompetitive

The Association of British Insurers (ABI) has predicted that the insurance market will remain competitive after the coming into effect of the new gender ruling which will mean that gender cannot be used as a risk category to price insurance. ABI spokesperson Adeola Ajayi said that the organisation had lobbied against the change for almost […]



November 19, 2012

ABI launches Campaign for Safe Young Drivers

by Richard Kilner

Story link: ABI launches Campaign for Safe Young Drivers

The Association of British Insurers (ABI) has launched the Campaign for Safe Young Drivers to help reduce the number of accidents and casualties involving young drivers. The single biggest cause of accidental death for 15-24 year olds is dying in a car, and last year 5,419 people suffered death or serious injury in accidents involving […]



November 16, 2012

Car insurance prices up 1.8% in November

by Richard Kilner

Story link: Car insurance prices up 1.8% in November

Car insurance comparison website Tiger.co.uk’s latest monthly price monitor, Tiger Watch, has revealed that car insurance prices have increased by 1.8% month-on-month. However, year-on-year prices have declined by an average of 5.4%. There is a clear age divide, with older motorists benefiting by prices that have fallen by up to 10%. At the same time […]



November 14, 2012

uSwitch warns 24% of women could be priced off the road

by Richard Kilner

Story link: uSwitch warns 24% of women could be priced off the road

New research from uSwitch has found that almost a quarter (24%) of female drivers could be forced off the roads when the EU gender directive preventing gender being used as a risk factor for insurance comes into effect (on 21 December 2012). According to the research 13% of women drivers might be unable to afford […]



November 12, 2012

Aviva and Dayinsure launch learner driver policy

by Gill Montia

Story link: Aviva and Dayinsure launch learner driver policy

Aviva has partnered with Dayinsure, which specialises in short-term motor insurance, to offer a new policy for people learning to drive. Dayinsure Learner provides cover from just one day to up to three months and is available to motorists aged 17 and over who hold a provisional driving licence and meet the acceptance criteria. Aviva […]



November 10, 2012

ABI impatient over whiplash consultation

by Gill Montia

Story link: ABI impatient over whiplash consultation

The Association of British Insurers (ABI) is calling on the Government to get on and publish its consultation on the UK’s whiplash epidemic. Earlier this year, ministers agreed to consult on proposals to increase the small claims track limit for personal injury claims and introduce more independent medical experts to assess whiplash claims. According to […]



November 6, 2012

Ecclesiastical withdraws from broker motor markets

by Richard Kilner

Story link: Ecclesiastical withdraws from broker motor markets

Specialist insurer Ecclesiastical has announced that it is to leave the UK broker motor markets across its Ecclesiastical and Ansvar brands, following a review of its UK motor business. The move will affect Ecclesiastical’s fleet and motor schemes books. The insurer will now work with individual brokers to manage the transfer of existing motor schemes […]



Almost two million mistakenly drive without insurance

by Gill Montia

Story link: Almost two million mistakenly drive without insurance

New research from LV= claims that 2.2 million motorists have driven without insurance with the majority (1.8 million) mistakenly believing they were insured at the time, having assumed that the insurance on the vehicle they were borrowing, or the insurance on their own car, automatically extended to other drivers and / or vehicles. Official figures […]



November 2, 2012

Weak driver eyesight costs £33m a year

by Richard Kilner

Story link: Weak driver eyesight costs £33m a year

The UK incurs a cost of £33m due to the poor eyesight of drivers, according to a new report commissioned by RSA. The report is part of the insurer’s Fit to Drive campaign and seeks to raise awareness of the dangers related to driving with poor vision. RSA has called for the law to be […]