Brokers urged to check motor policy wordings amid boom in green parts
Brokers are being urged to ensure they are up to date with changes in motor policy wordings, as the trend is escalating for insurers to use green parts.
Green (or recycled) parts are replacements for a vehicle that has come from another motor. In the past, insurers would use new parts that had come from the manufacturer.
Related Allianz Commercial greens fleet policies in revampAllianz Commercial has refreshed its fleet policies to reduce repair times and prescribe the fitting of green parts.
However, the issues with claims inflation is forcing ensuring to use more green parts.
Supply chain blockages means it can take weeks
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Interview: Bob Pybus, CEO of AUB UK Retail
Having been named CEO of AUB UK Retail last September, Bob Pybus reflects on his route to the role, tells Insurance Age about the deals struck so far and shares his plans to grow to a £1bn business.
Biba 2025 Countdown: FullCircl’s Ashleigh Gwilliam
Director of insurance industry growth at FullCircl and a member of the Biba Insurance Technology and Innovation Committee, Ashleigh Gwilliam, on ‘fearlessly defending’ his most conference steps title, the case for business cards and why Oasis’ ‘Supersonic’ perfectly encapsulates the event.
Partners& strikes pair of deals
Partners& has bought Glasgow-based Blackford Group and Directors & Professionals, a commercial broker in Tunbridge Wells, in its first deals of 2025.
Broking Success: Pipeline of talent
CJ Insurance, specialists in close protection, security and defence has a pipeline of talent through the business, according to managing director James Clarke, as he targets doubling its size over the next five years.
People Moves: 6 – 9 May 2025
Stay in the loop with the latest insurance personnel moves.
Biba 2025 Countdown: Earnix UK’s Andrew How
As Biba 2025 approaches, Earnix UK Insurance director Andrew How recommends attendees keep an open mind, suggests how regional brokers can compete effectively in the New Era and is looking forward to tasting the delights of a local tap room.
Biba 2025 Countdown: Sedgwick’s Joseph Noel
With the Biba Conference getting ever closer, Joseph Noel, managing director for commercial claims services at Sedgwick, explains the importance of risk management, the excitement over the firm’s new branding and why you might find him at Affleck’s Palace shopping for a bucket hat.
Clear Group snaps up HNW MGA
Shape Underwriting has acquired private client and high-net-worth specialist managing general agent Protect Underwriting.